Has Dean said he wants all his money back?

[hthtafs]

Sept 1, 2019 17:38:22 GMT 1 billy143 said:

How much did PH pay DH for 75% of the club?

I reckon £50m and Phil will use the first years tv money to fund that.

[billy143]

Sept 1, 2019 18:19:59 GMT 1 hthtafs said:

Sept 1, 2019 17:38:22 GMT 1 billy143 said:

How much did PH pay DH for 75% of the club?

I reckon £50m and Phil will use the first years tv money to fund that.

Surely it's not his money

[DuncanShearer]

Sept 1, 2019 18:19:59 GMT 1 hthtafs said:

Sept 1, 2019 17:38:22 GMT 1 billy143 said:

How much did PH pay DH for 75% of the club?

I reckon £50m and Phil will use the first years tv money to fund that.

This would be my guess. Can be dressed up as a sale at a set valuation of the club (based on future revenues inc parachute payments) or some would view it as Dean taking his several years subsidies back. Either are legitimate and fair in my view.

I suspect PH has more money than we think, but I also suspect he isn’t in DHs ball park and that the takeover is partially mortgaged against the club itself, and that long term we will not be able to rely as heavily on subsidies from the owner to offset losses etc once parachute payments are exhausted.

[Maynardblue]

Sept 1, 2019 17:38:22 GMT 1 billy143 said:

How much did PH pay DH for 75% of the club?

I believe he paid 'several million'
(tin hat applied)

[Deleted]

Sept 1, 2019 18:19:59 GMT 1 hthtafs said:

Sept 1, 2019 17:38:22 GMT 1 billy143 said:

How much did PH pay DH for 75% of the club?

I reckon £50m and Phil will use the first years tv money to fund that.

How much did Dean Hoyle pay for 100% of the football club?

[Leporid]

Aug 22, 2019 7:43:08 GMT 1 York Terrier said:

i have been trying to work out why we suddenly have no money and all I can think is that DH has insisted that he is paid back all his money previously invested. Prior to DH selling the club I posted that there was a due diligence process being undertaken by an American consortium. It’s only supposition but I wonder if the Americans would not agree to pay DH back his previous investment as they needed the money to invest in the team?

On the other hand Phil ( who is hard to like) was so star struck by being given the opportunity to take over agreed to refund DH his previous investments from the parachute payments and picked up the club  with his total available monies, on the basis that he thought we could survive in the championship with the players we have until the second and third parachute payments kicked in, hence we have no monies this season to improve the team.

its just a thought as we are getting a £42m parachute payment this year we got £20m from the sale of players, wages have been chopped due to relegation, but we are told we have no money (which I find hard to believe) despite making a profit last year. I don’t suppose we will ever know

Well, has he?

[DuncanShearer]

I think we will ultimately find out in January.

Even if the PL money and this years parachute payments are gone we must still have a good enough credit rating to facilitate some transfer business. And judging by the state of our start we will need it.
We operated a relative small squad in PL terms and the games come thicker and faster in the championship.

A number of departures haven’t been replaced, at least in my mind the squad is smaller than it was.

If we see more sales to fund incoming signings in Jan then I think it would be fair to assume the PL money is there to provide the subsidies previously provided by DH, and can’t be provided by PH alone. Meaning they will need to be spent very carefully as there would be no guarantee of returning to the PL and may be needed just to be competitive in the Championship.

My only request is that we do compete at our natural level which is this. The odd flirtation with promotion ideal.

[billy143]

Sept 1, 2019 19:41:09 GMT 1 DuncanShearer said:

Sept 1, 2019 18:19:59 GMT 1 hthtafs said:

I reckon £50m and Phil will use the first years tv money to fund that.

This would be my guess. Can be dressed up as a sale at a set valuation of the club (based on future revenues inc parachute payments) or some would view it as Dean taking his several years subsidies back. Either are legitimate and fair in my view.

I suspect PH has more money than we think, but I also suspect he isn’t in DHs ball park and that the takeover is partially mortgaged against the club itself, and that long term we will not be able to rely as heavily on subsidies from the owner to offset losses etc once parachute payments are exhausted.

Isn't that what the Glazers did to buy Manure ?

[DuncanShearer]

Sept 1, 2019 19:56:46 GMT 1 billy143 said:

Sept 1, 2019 19:41:09 GMT 1 DuncanShearer said:

This would be my guess. Can be dressed up as a sale at a set valuation of the club (based on future revenues inc parachute payments) or some would view it as Dean taking his several years subsidies back. Either are legitimate and fair in my view.

I suspect PH has more money than we think, but I also suspect he isn’t in DHs ball park and that the takeover is partially mortgaged against the club itself, and that long term we will not be able to rely as heavily on subsidies from the owner to offset losses etc once parachute payments are exhausted.

Isn't that what the Glazers did to buy Manure ?

Basically they took out huge loans to buy the club, to be paid back with the club’ income.
In our scenario the possibility seems to be that the “huge” loan equates to Dean effectively giving the club to PH, on the proviso that he then pays for it later (using future income).
Similar concepts in different circumstances.

I think the current situation may be this, but I’m not convinced DH would hamstring the club to the extent that it seems to have been in this transfer window. Perhaps the effect of relegation on the squad was massively underestimated, and the approach has been to cut deep and fast, confident we could survive that. Then heal from there, even though not totally necessary.

[billy143]

Am I right in thinking that PH wasn't confirmed as owner until we were a FL club, as he would have failed the 'right and proper persons' test in the Premier league?

[DuncanShearer]

Sept 1, 2019 20:14:12 GMT 1 billy143 said:

Am I right in thinking that PH wasn't confirmed as owner until we were a FL club, as he would have failed the 'right and proper persons' test in the Premier league?

Not sure about that, thought the delay was more to do with registrations and who should do the test. A PL based test would have had zero relevance.

[runner76]

Sept 1, 2019 20:14:12 GMT 1 billy143 said:

Am I right in thinking that PH wasn't confirmed as owner until we were a FL club, as he would have failed the 'right and proper persons' test in the Premier league?

Any Tom, Dick, or Harry passes the fit and proper test for a PL club. Well, Prince, Oligarch or Tycoon.........

[King Curtis]

Sept 1, 2019 20:14:12 GMT 1 billy143 said:

Am I right in thinking that PH wasn't confirmed as owner until we were a FL club, as he would have failed the 'right and proper persons' test in the Premier league?

I've heard it all now!

[BoltonTerrier]

Sept 1, 2019 20:17:38 GMT 1 DuncanShearer said:

Sept 1, 2019 20:14:12 GMT 1 billy143 said:

Am I right in thinking that PH wasn't confirmed as owner until we were a FL club, as he would have failed the 'right and proper persons' test in the Premier league?

Not sure about that, thought the delay was more to do with registrations and who should do the test. A PL based test would have had zero relevance.

I thought the delay stemmed from a betting violation?

[Deleted]

Sept 1, 2019 20:14:12 GMT 1 billy143 said:

Am I right in thinking that PH wasn't confirmed as owner until we were a FL club, as he would have failed the 'right and proper persons' test in the Premier league?

No that is not the case. He didn’t take ownership until we had our Football League share back because we were not going to be in the Premier League anymore.

People need to stop making shit up. Not saying you did but someone has obviously starts yet another bulllshit rumor on that too.

[space hardware]

Sept 1, 2019 21:00:09 GMT 1 BoltonTerrier said:

Sept 1, 2019 20:17:38 GMT 1 DuncanShearer said:

Not sure about that, thought the delay was more to do with registrations and who should do the test. A PL based test would have had zero relevance.

I thought the delay stemmed from a betting violation?

Yep, I think that was the case. Fit and proper, and all that 😂

[midlander]

Sept 1, 2019 21:00:09 GMT 1 BoltonTerrier said:

Sept 1, 2019 20:17:38 GMT 1 DuncanShearer said:

Not sure about that, thought the delay was more to do with registrations and who should do the test. A PL based test would have had zero relevance.

I thought the delay stemmed from a betting violation?

In his initial Q and A, he said the EFL ratified everything within 24hrs. The delay came from the National League due to him needing to sever his ties with Southport.

[space hardware]

Sept 1, 2019 22:03:30 GMT 1 midlander said:

Sept 1, 2019 21:00:09 GMT 1 BoltonTerrier said:

I thought the delay stemmed from a betting violation?

In his initial Q and A, he said the EFL ratified everything within 24hrs. The delay came from the National League due to him needing to sever his ties with Southport.

🤔 hmm, yeah, because events since then have shown that everything he said at that first Q & A was the gospel truth...

[deo1]

Sept 1, 2019 20:17:38 GMT 1 DuncanShearer said:

Sept 1, 2019 20:14:12 GMT 1 billy143 said:

Am I right in thinking that PH wasn't confirmed as owner until we were a FL club, as he would have failed the 'right and proper persons' test in the Premier league?

Not sure about that, thought the delay was more to do with registrations and who should do the test. A PL based test would have had zero relevance.

The PL fit and proper test is more vigorous that the FL. The lad at Bury would’ve failed it if they were a PL club.

[loumacari]

Sept 1, 2019 19:41:09 GMT 1 DuncanShearer said:

Sept 1, 2019 18:19:59 GMT 1 hthtafs said:

I reckon £50m and Phil will use the first years tv money to fund that.

This would be my guess. Can be dressed up as a sale at a set valuation of the club (based on future revenues inc parachute payments) or some would view it as Dean taking his several years subsidies back. Either are legitimate and fair in my view.

I suspect PH has more money than we think, but I also suspect he isn’t in DHs ball park and that the takeover is partially mortgaged against the club itself, and that long term we will not be able to rely as heavily on subsidies from the owner to offset losses etc once parachute payments are exhausted.

DH put his £50m into the club in the form of director’s loans.
They remain in place at sale.
DH sells shares to PH for £1 with club still owing £50m to DH.
PH uses parachute payments to pay off loan to DH (i.e. Huddersfield Town Ltd uses £50m of its parachute payments to pay off its debt to DH).
PH now has debt free club to sell to an investor thereby making a profit.

Easy. Except it’s all gone totally pear shaped. Siewert was a disaster (it was obvious he would fail last season). Player sales haven’t been anywhere near as lucrative as expected. And the team have underperformed/are shot confidence wise. All of a sudden Phil’a risk free investment doesn’t look so good and Dean’s plan to sell the club to a Town fan without enough money to run a Championship club without parachute payments/significant transfer proceeds looks like a massive mistake.

Whether the above is true, who knows, I’m only guessing as to how a man who is director of several businesses that barely break even (Companies House is fact, not speculation) could afford to buy Town. And we won’t know until Town’s accounts for this year are filed in 18 months time. But this would be my guess based on what’s gone on so far.