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Post by Ginger Ogre on Apr 29, 2021 15:26:45 GMT 1
I got ‘fully serviced’ on a jambo to Amsterdam once. What that poor woman went through was pretty much what Hoyle has done to big Phil since grooming him to take over. I can only think that is what the phrase means. Edit: I didn’t really. I should have known better than to ask I guess... Seriously though, the club has the debt on it's books, and always has. Whether dean ever needed these debts 'securing' against the assets must have been irrelevent seeing as he owned it all anyway..So now Phil owns (75%) of the club , and the assets..and the club has to repay Dean...so does Phil have to 'guarantee' those repayments from his own funds in case the club can't pay..for whatever reason... I just don't get the relevence of the 'Phil has fully serviced' these...and why was it necessary ? Huddersfield Town is a Limited Company, so as far as any debt is concerned, the debt is Huddersfield Towns and, in most situations, owners/directors will not become personally liable for the debts of a Limited Company. A Limited Company is classed as a separate entity to the directors and shareholders who are associated with it. Obviously the debt sits on the books of Town until paid, or the club is liquidated. I've not heard anything specific in regards to PH paying back DH what he is owed, but I've heard from a couple of usually reliable sources that Apparently DH NEEDS his money back rather than just wants it, and is making life difficult and interfering in plans and decisions, he’s on a few backs and not enjoying the criticism he is getting. This has lead to PH touting names of players f any value round to sell them in the summer to raise as much cash ASAP for the club so DH can be paid back. With the above rumour it could that PH has had enough and put some of his own money into Town to forward on to DH to get the debt paid and get DH out of his hair. Whatever is happening, it all seems a bit of a mess and seems not everyone is rowing in the same direction |
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Post by detox on Apr 29, 2021 15:33:30 GMT 1
I should have known better than to ask I guess... Seriously though, the club has the debt on it's books, and always has. Whether dean ever needed these debts 'securing' against the assets must have been irrelevent seeing as he owned it all anyway..So now Phil owns (75%) of the club , and the assets..and the club has to repay Dean...so does Phil have to 'guarantee' those repayments from his own funds in case the club can't pay..for whatever reason... I just don't get the relevence of the 'Phil has fully serviced' these...and why was it necessary ? Huddersfield Town is a Limited Company, so as far as any debt is concerned, the debt is Huddersfield Towns and, in most situations, owners/directors will not become personally liable for the debts of a Limited Company. A Limited Company is classed as a separate entity to the directors and shareholders who are associated with it. Obviously the debt sits on the books of Town until paid, or the club is liquidated. I've not heard anything specific in regards to PH paying back DH what he is owed, but I've heard from a couple of usually reliable sources that Apparently DH NEEDS his money back rather than just wants it, and is making life difficult and interfering in plans and decisions, he’s on a few backs and not enjoying the criticism he is getting. This has lead to PH touting names of players f any value round to sell them in the summer to raise as much cash ASAP for the club so DH can be paid back. With the above rumour it could that PH has had enough and put some of his own money into Town to forward on to DH to get the debt paid and get DH out of his hair. Whatever is happening, it all seems a bit of a mess and seems not everyone is rowing in the same direction It's only a few weeks ago we were hearing Dean had extended the repayment period for his loans isn't it ? Covid was mentioned as one of the reasons and I think a period of 6 (more) years was mentioned too. What you're reporting above seems to be a total reversal of that story (can't recall where it was published)..and if true is an about turn from Dean. I'm aware there has been an avalanche of criticism of Dean, much of it OTT..but this has been going on for almost a year now. Recent results have maybe ignited this a bit, and may well be the catalyst for a change of mind... If true, it's going to alienate Dean even more I'd think. |
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Post by Farsley Terrier (UK product) on Apr 29, 2021 15:34:16 GMT 1
I should have known better than to ask I guess... Seriously though, the club has the debt on it's books, and always has. Whether dean ever needed these debts 'securing' against the assets must have been irrelevent seeing as he owned it all anyway..So now Phil owns (75%) of the club , and the assets..and the club has to repay Dean...so does Phil have to 'guarantee' those repayments from his own funds in case the club can't pay..for whatever reason... I just don't get the relevence of the 'Phil has fully serviced' these...and why was it necessary ? Huddersfield Town is a Limited Company, so as far as any debt is concerned, the debt is Huddersfield Towns and, in most situations, owners/directors will not become personally liable for the debts of a Limited Company. A Limited Company is classed as a separate entity to the directors and shareholders who are associated with it. Obviously the debt sits on the books of Town until paid, or the club is liquidated. I've not heard anything specific in regards to PH paying back DH what he is owed, but I've heard from a couple of usually reliable sources that Apparently DH NEEDS his money back rather than just wants it, and is making life difficult and interfering in plans and decisions, he’s on a few backs and not enjoying the criticism he is getting. This has lead to PH touting names of players of any value round to sell them in the summer to raise as much cash ASAP for the club so DH can be paid back.
With the above rumour it could that PH has had enough and put some of his own money into Town to forward on to DH to get the debt paid and get DH out of his hair. Whatever is happening, it all seems a bit of a mess and seems not everyone is rowing in the same direction Interesting coming from someone like you Pozza. There are many fans who suspect we are going to sell certain assets in the summer, but I bet they never suspected why this might happen. |
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Post by Big Ern on Apr 29, 2021 15:36:32 GMT 1
What could be the chink of light maynard was referring to? This seems to be the opposite.
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Post by detox on Apr 29, 2021 15:44:41 GMT 1
What could be the chink of light maynard was referring to? This seems to be the opposite. Chinese owners..? (oops) |
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Melc
Jimmy Glazzard Terrier
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Post by Melc on Apr 29, 2021 16:50:49 GMT 1
What could be the chink of light maynard was referring to? This seems to be the opposite. Maybe they both have decided the best way forward is to try and get a buyer and they move on, or things have got a whole lot worse and that chink of light has blown out! |
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Post by detox on Apr 29, 2021 17:12:35 GMT 1
What could be the chink of light maynard was referring to? This seems to be the opposite. Maybe they both have decided the best way forward is to try and get a buyer and they move on, or things have got a whole lot worse and that chink of light has blown out! That may well be the case, but the issue will always be how does Dean get his remaining loans repaid without a new owner simply swapping his loans for their own.. and why would anyone want to buy us in our current state ? unless it's Ken Davy again... |
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Post by Teddington Ted on Apr 29, 2021 17:49:02 GMT 1
Maybe they both have decided the best way forward is to try and get a buyer and they move on, or things have got a whole lot worse and that chink of light has blown out! That may well be the case, but the issue will always be how does Dean get his remaining loans repaid without a new owner simply swapping his loans for their own.. and why would anyone want to buy us in our current state ? unless it's Ken Davy again... We’ve got a ground with a £9m repair bill that makes an annual loss, which cannot be sold. We’ve got a depleted squad worth about £7m We’ve got debts into tens of millions of pounds We rent our training ground We’ve got an alienated fan base We will soon have one of the smallest wage bills in the division yet we’ll still make a loss Even Uncle Ken wouldn’t touch us in our current state. |
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Post by Big Ern on Apr 29, 2021 18:04:15 GMT 1
That may well be the case, but the issue will always be how does Dean get his remaining loans repaid without a new owner simply swapping his loans for their own.. and why would anyone want to buy us in our current state ? unless it's Ken Davy again... We’ve got a ground with a £9m repair bill that makes an annual loss, which cannot be sold. We’ve got a depleted squad worth about £7m We’ve got debts into tens of millions of pounds We rent our training ground We’ve got an alienated fan base We will soon have one of the smallest wage bills in the division yet we’ll still make a loss Even Uncle Ken wouldn’t touch us in our current state. The Hoyle fan club should let that all sink in a minute. |
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Post by allan 1958 (OAF-WROY)(SSLFF) on Apr 29, 2021 18:37:40 GMT 1
Heard similar...in return Hoyle gets Ward and Holmes as man-servants fior the next 3 years. Ward would pull his hamstring just delivering the morning Foie gras. Heard he's goosed |
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Post by Deleted on Apr 29, 2021 20:14:09 GMT 1
What could be the chink of light maynard was referring to? This seems to be the opposite. Maynard was stuck having a number 2 when the power was cut off because nobody was paying the electricity bill, but now its been paid there's a chink of light shining under the door. |
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Post by impact on Apr 30, 2021 0:14:52 GMT 1
I should have known better than to ask I guess... Seriously though, the club has the debt on it's books, and always has. Whether dean ever needed these debts 'securing' against the assets must have been irrelevent seeing as he owned it all anyway..So now Phil owns (75%) of the club , and the assets..and the club has to repay Dean...so does Phil have to 'guarantee' those repayments from his own funds in case the club can't pay..for whatever reason... I just don't get the relevence of the 'Phil has fully serviced' these...and why was it necessary ? Huddersfield Town is a Limited Company, so as far as any debt is concerned, the debt is Huddersfield Towns and, in most situations, owners/directors will not become personally liable for the debts of a Limited Company. A Limited Company is classed as a separate entity to the directors and shareholders who are associated with it. Obviously the debt sits on the books of Town until paid, or the club is liquidated. I've not heard anything specific in regards to PH paying back DH what he is owed, but I've heard from a couple of usually reliable sources that Apparently DH NEEDS his money back rather than just wants it, and is making life difficult and interfering in plans and decisions, he’s on a few backs and not enjoying the criticism he is getting. This has lead to PH touting names of players f any value round to sell them in the summer to raise as much cash ASAP for the club so DH can be paid back. With the above rumour it could that PH has had enough and put some of his own money into Town to forward on to DH to get the debt paid and get DH out of his hair. Whatever is happening, it all seems a bit of a mess and seems not everyone is rowing in the same direction If Dean needs his money back so urgently, why has he agreed to spread it over an extra 4 years? |
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Post by impact on Apr 30, 2021 0:19:33 GMT 1
The embargo was only because the EFL didn't update its own rules to fall in line with HMRC rules. Due to COVID the deadline to submit accounts was extended, but EFL rules still stated they had to be in by a certain date and they didn't change it to match the date set by HMRC. Interestingly EFL took advantage of the extension too and haven't (or at least hadn't last time I looked) submitted thier accounts yet either. Isn't the EFL date set at 31st March to enable the FFP rules to be enforced properly in the 'current' season though. Clubs taking advantage of the government's covid extension could just have escaped a points deduction this season. Championship clubs have to file to the EFL by 1st March no matter what their filing date with Companies House is. |
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Post by Ginger Ogre on Apr 30, 2021 7:14:15 GMT 1
Huddersfield Town is a Limited Company, so as far as any debt is concerned, the debt is Huddersfield Towns and, in most situations, owners/directors will not become personally liable for the debts of a Limited Company. A Limited Company is classed as a separate entity to the directors and shareholders who are associated with it. Obviously the debt sits on the books of Town until paid, or the club is liquidated. I've not heard anything specific in regards to PH paying back DH what he is owed, but I've heard from a couple of usually reliable sources that Apparently DH NEEDS his money back rather than just wants it, and is making life difficult and interfering in plans and decisions, he’s on a few backs and not enjoying the criticism he is getting. This has lead to PH touting names of players f any value round to sell them in the summer to raise as much cash ASAP for the club so DH can be paid back. With the above rumour it could that PH has had enough and put some of his own money into Town to forward on to DH to get the debt paid and get DH out of his hair. Whatever is happening, it all seems a bit of a mess and seems not everyone is rowing in the same direction If Dean needs his money back so urgently, why has he agreed to spread it over an extra 4 years? Like I said, its only what I've heard, and it's from usually reliable sources otherwise I wouldn't have said anything about it. |
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Post by detox on Apr 30, 2021 7:40:09 GMT 1
If Dean needs his money back so urgently, why has he agreed to spread it over an extra 4 years? Like I said, its only what I've heard, and it's from usually reliable sources otherwise I wouldn't have said anything about it. Not disputing what you've said, it just seems bizarre if this is the case. Why on earth would Dean be desperate, there's still £200m in his bank account. In a way though, the sooner these debts are cleared the better, then the club can move on without leaching money every season through debt repayments. The only niggle I have is Phil paying off all Deans debts and then charging the club interest on his loans... and was this always the plan? |
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Post by Mastercracker on Apr 30, 2021 9:43:02 GMT 1
Can only think it's NEED in the loosest sense of the term.
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Post by detox on Apr 30, 2021 10:15:09 GMT 1
Can only think it's NEED in the loosest sense of the term.
Was just looking at The Works share prices....When dean bought in the price was about 180p....at Xmas last year it was 18p...you can see why the alarm bells were ringing...Since then there has been a steady improvement and the price sits at 60p..still only a thrid of it's former price though.. The reports said Dean made a 'substantial investment' when he joined the Board.
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Post by Drew Peacock on Apr 30, 2021 13:46:12 GMT 1
I got ‘fully serviced’ on a jambo to Amsterdam once. What that poor woman went through was pretty much what Hoyle has done to big Phil since grooming him to take over. I can only think that is what the phrase means. Edit: I didn’t really. I should have known better than to ask I guess... Seriously though, the club has the debt on it's books, and always has. Whether dean ever needed these debts 'securing' against the assets must have been irrelevent seeing as he owned it all anyway..So now Phil owns (75%) of the club , and the assets..and the club has to repay Dean...so does Phil have to 'guarantee' those repayments from his own funds in case the club can't pay..for whatever reason... I just don't get the relevence of the 'Phil has fully serviced' these...and why was it necessary ? From the way it was put to me it's that Dean had been repaid and that the club debt is now to PH. In essence there's now no repayment date for the loans which would allow the club to loosen the purse strings. Again no idea if this is true, just had it passed to me by somebody who's given me good info previously and was interested to know if anyone had heard the same. It did make me wonder when I'd seen Maynard's comment earlier this week. |
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Post by detox on Apr 30, 2021 14:57:49 GMT 1
So that means Phil gets the parachute money... Takes the heat off hoyle I guess
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Post by detox on Apr 30, 2021 14:58:33 GMT 1
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Melc
Jimmy Glazzard Terrier
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Post by Melc on Apr 30, 2021 15:45:13 GMT 1
I should have known better than to ask I guess... Seriously though, the club has the debt on it's books, and always has. Whether dean ever needed these debts 'securing' against the assets must have been irrelevent seeing as he owned it all anyway..So now Phil owns (75%) of the club , and the assets..and the club has to repay Dean...so does Phil have to 'guarantee' those repayments from his own funds in case the club can't pay..for whatever reason... I just don't get the relevence of the 'Phil has fully serviced' these...and why was it necessary ? From the way it was put to me it's that Dean had been repaid and that the club debt is now to PH. In essence there's now no repayment date for the loans which would allow the club to loosen the purse strings. Again no idea if this is true, just had it passed to me by somebody who's given me good info previously and was interested to know if anyone had heard the same. It did make me wonder when I'd seen Maynard's comment earlier this week. I just don’t get this.... So For Hodgkinson to get the club he apparently could not afford to buy. He then agreed to get the club for a small sum, but would pay Dean Hoyle back his loan through the parachute payments. Then Hoyle stated this repayment period had been extended to 5-6 years, but now he has been paid back his loan? So how after a period of a tough year through COVID etc has Hodgkinson final found the money to pay Dean off, and if this is correct how does that now mean the club could looosen the purse strings? It just does not add up... or am I missing something? |
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Post by Teddington Ted on Apr 30, 2021 15:46:18 GMT 1
Can only think it's NEED in the loosest sense of the term.
Was just looking at The Works share prices....When dean bought in the price was about 180p....at Xmas last year it was 18p...you can see why the alarm bells were ringing...Since then there has been a steady improvement and the price sits at 60p..still only a thrid of it's former price though.. The reports said Dean made a 'substantial investment' when he joined the Board.
Probably why I’ll never be a millionaire. Imagine making an absolute fortune, not being content and risking it in further investments. It’s like winning the jackpot on a one armed  then putting it all back in again. |
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Post by Mecha Corte on Apr 30, 2021 16:18:50 GMT 1
Can only think it's NEED in the loosest sense of the term. I’m reminded of the “credit crunch” about 15 years ago, banks and building societies going tits up, financial melt down and the great unwashed thrown into crisis and job insecurity, as soon as the message went out “No need to panic.” it was of course the signal to panic, likewise the Northern Rock announcement “We’ve got sufficient funds provided everyone carries on as normal.” ensured everyone with an account queued for hours to get their savings out there by sealing their own demise. While all this was in full swing I delivered an expensive limestone fire surround to a shop in North Yorkshire, he told me about the the fabulous 6 bedroom, 3 bathroom mansion in Thirsk he was currently working at, huge gravel driveway, drive in one way, drive out another, no need to turn round, snooker room and heated indoor swimming pool, I’m sure you can imagine, anyway the point of all this was every day when he turned up to work their, the lady of the house would have a whinge and complain to him, basically she was annoyed and upset because her heated pool was now very expensive to run because energy prices had risen so much recently! We’ve all got problems, it’s just not everyone’s problems are the same as yours. Might be the same for the Hoyle family at the moment, after all The Works aren’t in a very good state right which has coincided with him joining them. |
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Post by Drew Peacock on Apr 30, 2021 16:24:06 GMT 1
From the way it was put to me it's that Dean had been repaid and that the club debt is now to PH. In essence there's now no repayment date for the loans which would allow the club to loosen the purse strings. Again no idea if this is true, just had it passed to me by somebody who's given me good info previously and was interested to know if anyone had heard the same. It did make me wonder when I'd seen Maynard's comment earlier this week. I just don’t get this.... So For Hodgkinson to get the club he apparently could not afford to buy. He then agreed to get the club for a small sum, but would pay Dean Hoyle back his loan through the parachute payments. Then Hoyle stated this repayment period had been extended to 5-6 years, but now he has been paid back his loan? So how after a period of a tough year through COVID etc has Hodgkinson final found the money to pay Dean off, and if this is correct how does that now mean the club could looosen the purse strings? It just does not add up... or am I missing something? I'm putting two and two together and probably getting five but a part of the pure business group was sold fairly recently. www.legalfutures.co.uk/latest-news/leading-injury-firm-sold-on-five-years-after-last-acquisition |
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Post by detox on Apr 30, 2021 17:20:05 GMT 1
The plot thickens...
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Post by Big Ern on Apr 30, 2021 17:28:32 GMT 1
I just don’t get this.... So For Hodgkinson to get the club he apparently could not afford to buy. He then agreed to get the club for a small sum, but would pay Dean Hoyle back his loan through the parachute payments. Then Hoyle stated this repayment period had been extended to 5-6 years, but now he has been paid back his loan? So how after a period of a tough year through COVID etc has Hodgkinson final found the money to pay Dean off, and if this is correct how does that now mean the club could looosen the purse strings? It just does not add up... or am I missing something? I'm putting two and two together and probably getting five but a part of the pure business group was sold fairly recently. www.legalfutures.co.uk/latest-news/leading-injury-firm-sold-on-five-years-after-last-acquisitionIt will probably be part financed by that but bearing in mind how many players we have sold and how much parachute money we have had, he must have been near to being paid off anyway |
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Post by detox on Apr 30, 2021 17:35:06 GMT 1
It will probably be part financed by that but bearing in mind how many players we have sold and how much parachute money we have had, he must have been near to being paid off anyway Be interesting to see the accounts and see what the new debt figure is. I don't know how much was still owing to DH, or if he asked for all of it. |
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Post by Teddington Ted on May 1, 2021 6:38:13 GMT 1
This would be good news if true. We will never move on whilst the club is being run purely to pay off our former owner.
3 key questions for Town:
- Presuming HTAFC has borrowed money from a third party to settle Hoyle’s demands (not PH to put money into the club) what size is the debt now?
- What interest rate is this loan at?
- How keen will PH be to service this debt as opposed to reinvesting funds into the squad?
It would also indicate that Hoyle has had enough and wants out ASAP. Bizarre given he formulated the deal and then claimed to have extended his payment period to 6-7 years. Either he is all over the place with no viable long term plan (surely not!), he’s thrown his tots out of the pram and demanded out or PH has snapped, become tired of having his hands tied and convinced him to follow a new path.
Finally, the irony that we may be a heavily indebted club, to a third party, with high interest rates is exactly what Hoyle said he was trying to avoid when he groomed Big Phil. We just wouldn’t have had the cash injection a sale under such terms would have brought in 2 years ago.
The worst of all worlds. Typical Town!
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Post by Big Ern on May 1, 2021 12:02:21 GMT 1
This would be good news if true. We will never move on whilst the club is being run purely to pay off our former owner. 3 key questions for Town: - Presuming HTAFC has borrowed money from a third party to settle Hoyle’s demands (not PH to put money into the club) what size is the debt now? - What interest rate is this loan at? - How keen will PH be to service this debt as opposed to reinvesting funds into the squad? It would also indicate that Hoyle has had enough and wants out ASAP. Bizarre given he formulated the deal and then claimed to have extended his payment period to 6-7 years. Either he is all over the place with no viable long term plan (surely not!), he’s thrown his tots out of the pram and demanded out or PH has snapped, become tired of having his hands tied and convinced him to follow a new path. Finally, the irony that we may be a heavily indebted club, to a third party, with high interest rates is exactly what Hoyle said he was trying to avoid when he groomed Big Phil. We just wouldn’t have had the cash injection a sale under such terms would have brought in 2 years ago. The worst of all worlds. Typical Town! You are speculating there and you aren't factoring in the debts that have already been paid. |
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crux
Jimmy Glazzard Terrier
[M0:0]
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Post by crux on May 1, 2021 12:29:23 GMT 1
This would be good news if true. We will never move on whilst the club is being run purely to pay off our former owner. 3 key questions for Town: - Presuming HTAFC has borrowed money from a third party to settle Hoyle’s demands (not PH to put money into the club) what size is the debt now? - What interest rate is this loan at? - How keen will PH be to service this debt as opposed to reinvesting funds into the squad? It would also indicate that Hoyle has had enough and wants out ASAP. Bizarre given he formulated the deal and then claimed to have extended his payment period to 6-7 years. Either he is all over the place with no viable long term plan (surely not!), he’s thrown his tots out of the pram and demanded out or PH has snapped, become tired of having his hands tied and convinced him to follow a new path. Finally, the irony that we may be a heavily indebted club, to a third party, with high interest rates is exactly what Hoyle said he was trying to avoid when he groomed Big Phil. We just wouldn’t have had the cash injection a sale under such terms would have brought in 2 years ago. The worst of all worlds. Typical Town! You are speculating there and you aren't factoring in the debts that have already been paid. As you said, it's all speculation. However the debts have only 'been paid' if Huddersfield Town no longer owe anybody the money. The original post that sparked this was based on a rumour that PH had paid off the debt to DH. If the debts are either written off or now owed to PH (or anyone else) with no interest and no repayment date, then that is an improvement. However, if the debts are still there with the same, or worse terms (such as interest rate, or repayment schedule), then we are no better off and potentially much worse off. |
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then putting it all back in again. 