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Post by Solihull Terrier on Oct 25, 2022 18:58:14 GMT 1
OK. Don't even imagine it, assume it, how would you explain this to someone as thick as me? It simply means that the football club owns the business that operates as Huddersfield Canalside. But the question you're really wanting to have an answer to is who owns the land and property? Its not straightforward, and its part of his working mode to obfuscate - Dean Hoyle, in November 2012 in relation to The Card Factory - "We never wanted to alert our competitors to how profitable we were. We used to slice and dice our accounts, quite legally, but this was part of the game." My assumption is that Dean owns the land and the club lease it from him. There's nothing controversial about the club spending money on a building that it leases from someone else, happens in thousands of businesses. The company I work for is for instance spending millions on fitting out a building that someone else owns but that we have a lease on. Only guess work though. |
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Post by dewsburyborn on Oct 25, 2022 18:58:52 GMT 1
I'm looking forward to the meltdown on here when the person who buys the club isn't the saviour with unlimited funds that some people seem to want. I wouldn't want our club to be asset stripped, why would I. But I've never seen the attraction for buying a football club, there can't be many that generate worthwhile returns for their main investors. It just seems like a thankless task, or alternatively a convenient way to 'dispose' of your 'spare cash'... I wonder how people's morals & ethics will stand up to the test of a foreign owner as well, if that's what we get? How would we view and welcome a fat Greek with loadsamoney, I wonder ..... |
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Post by Mastercracker on Oct 25, 2022 19:01:17 GMT 1
What assets are there to strip? Roberts antique record collection that gets a run through every prematch  Dario G Synchyme vinyl must be worth a fortune by now. |
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Post by Million Dollar Babies on Oct 25, 2022 19:05:05 GMT 1
I'm looking forward to the meltdown on here when the person who buys the club isn't the saviour with unlimited funds that some people seem to want. I wouldn't want our club to be asset stripped, why would I. But I've never seen the attraction for buying a football club, there can't be many that generate worthwhile returns for their main investors. It just seems like a thankless task, or alternatively a convenient way to 'dispose' of your 'spare cash'... I wonder how people's morals & ethics will stand up to the test of a foreign owner as well, if that's what we get? What assets are there to strip? Will Boyle |
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Wingman
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Post by Wingman on Oct 25, 2022 19:31:00 GMT 1
What assets are there to strip? Will Boyle Will Boyle stripping. Now that’s an image I didn’t want as I ate. 🤢🤮 |
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Post by leroy212 on Oct 25, 2022 19:33:28 GMT 1
Does Deano still want his £50m back? If so, good luck with that! He's not going to get anything near that. Wonder if any new owner/s would want to buy the training ground as well |
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aca00js
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Post by aca00js on Oct 25, 2022 19:37:11 GMT 1
Does Deano still want his £50m back? If so, good luck with that! He's not going to get anything near that. Wonder if any new owner/s would want to buy the training ground as well You would think that is the only thing that he can get any money for. |
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Post by Million Dollar Babies on Oct 25, 2022 19:39:06 GMT 1
He's not going to get anything near that. Wonder if any new owner/s would want to buy the training ground as well You would think that is the only thing that he can get any money for. I thought he once said that the training ground would go in to a Trust of some sort so no future owner could sell it |
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Post by Drew Peacock on Oct 25, 2022 19:40:05 GMT 1
Dean owns the land Canalside is built on, Town own everything built on that land. Town pay a small amount of ground rent. That came from Dean at a previous Q&A.
Sure at the same Q&A he said that Canalside would be put into trust to prevent it being sold by any future owner, absolutely no idea what happened with that.
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For sale
Oct 25, 2022 19:46:47 GMT 1
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Post by workshyfop on Oct 25, 2022 19:46:47 GMT 1
Understandably, DH doesn’t want to lose any more and the running costs in L1 will be a lot lower than Championship (as DH has stated previously) so presumably, as he has now got no chance of getting his money back, that is the aim unless the club sells quickly. Fingers crossed it can be sorted and we have a chance to stay up.
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Deleted
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Oct 25, 2022 20:00:26 GMT 1
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Post by Deleted on Oct 25, 2022 20:00:26 GMT 1
Out of interest who gets the 10 million of profit from this summer now? Is that to offset the costs of running the club (£5 million Dean has paid in the last 12 months) or will it be 5/10 million less the club costs for the new owner?
Il add to this thread too more relevant
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Post by Galpharmer on Oct 25, 2022 20:15:04 GMT 1
Have you thought about a career in sales? Sorry I forget prospective buyers read DATM, one thing we do have is a cracking home atmosphere usually and good away support, hopefully that appeals to the next buyer if/when they attend a game. If they haven’t got a purchase history they are buggered. |
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Post by drumriggend on Oct 25, 2022 20:22:16 GMT 1
Jobs over..
Carlos foooked off int summer..
The failure to resign king David will go down As a turning point..
Deanos latest pullout is an admission of failure..
He knows he’s fooooked up with rab/buzz lightyear..
But he won’t admit to it..
Sighting former glories to justify his bad decisions..
Piss poor all round..
Fubar..
💩💩
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goodbet
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Post by goodbet on Oct 25, 2022 20:49:29 GMT 1
January could well be interesting, will we invest to stay in the Championship and Dean gets the best price, or just hope for the best that we remain where we are.
Someone suggested to me that we could have a liquidation sale and Dean try's to get what he can out of the club, personally I don't see this as a realistic probability.
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Post by townarentbest on Oct 25, 2022 21:09:01 GMT 1
Lighten up Officer Pete - for clarity...by 'amusing' I mean 'amusing as in odd' not 'amusing as in ha ha'. If you don't see the jarring conflict in the two statements, then thats on you. The middle bit is a bit of a rant aimed directly at Dean, reflecting on the saintly character he regularly attempts to portray. The final bit is nothing to do with Dean at all, just an interesting (to me at least) aside on the Directors/ex Fit & Proper Person's Test, that I don't think has been exploited by anyone historically, but would be interesting to see what would happen if (and lets bring this close to home) - Dean sold his 25% to some dodgy serial killer / fraudster who had bankrupted Football Clubs around the world, and shifted his power of attorney control over the other 75% to that same person. The dodgy incoming owner wouldn't need to pass the director test to run and fund the club as long as he wasn't given a titular executive director role. What stops that happening - and if the answer is nothing, why haven't money launderers the world over exploited it? (perhaps they have). I will be happy to submit all of my future posts directly to you for a quality check to determine if they meet your seal of approval or require moderation before sharing with the wider community. Thanks, have a good evening  Oh sorry; how silly of me not to realise that 'amusing' actually meant 'odd'. Try and be a little more humble next time you apologise for a crass post as your cynicism and defensiveness does you no favours Who's apologising!? I stand by everything I wrote. You seem to have some problem understanding what I'm on about, probably worth ending this particular little discussion here as I don't see where it can go, and I'm not really bothered what you think about me! |
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Post by ShortbreadPete on Oct 25, 2022 21:34:49 GMT 1
Oh sorry; how silly of me not to realise that 'amusing' actually meant 'odd'. Try and be a little more humble next time you apologise for a crass post as your cynicism and defensiveness does you no favours Who's apologising!? I stand by everything I wrote. You seem to have some problem understanding what I'm on about, probably worth ending this particular little discussion here as I don't see where it can go, and I'm not really bothered what you think about me! Onwards and upwards |
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Post by Porrohman on Oct 26, 2022 7:22:29 GMT 1
You would think that is the only thing that he can get any money for. I thought he once said that the training ground would go in to a Trust of some sort so no future owner could sell it Wasn't that going to happen to the shares though, too |
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For sale
Oct 26, 2022 7:29:58 GMT 1
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Post by Million Dollar Babies on Oct 26, 2022 7:29:58 GMT 1
January could well be interesting, will we invest to stay in the Championship and Dean gets the best price, or just hope for the best that we remain where we are. Someone suggested to me that we could have a liquidation sale and Dean try's to get what he can out of the club, personally I don't see this as a realistic probability. Is that where Dean Hoyle sets up a lemonade stand outside the main entrance? It'd probably do a decent trade but it'd be a long time before he makes his £50 million back |
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Post by schindlersmissed on Oct 26, 2022 9:10:37 GMT 1
Deano stepping away will allow us to choose the best offer from hopefully the wealthiest buyer. If he was involved it would be a selected individual, probably a town fan, with limited funds. There are no shortages of foreign investors looking to get into English Football and the Premier league is pretty much already stiched up with country, wealth funds or billionaire owners..... so a good chance for an extremely rich owner, to have it secured before the Jan window and provide squad investment to survive prior to official ratification. Be careful what you wish for! |
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For sale
Oct 26, 2022 9:14:43 GMT 1
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Post by townrwe on Oct 26, 2022 9:14:43 GMT 1
Deano stepping away will allow us to choose the best offer from hopefully the wealthiest buyer. If he was involved it would be a selected individual, probably a town fan, with limited funds. There are no shortages of foreign investors looking to get into English Football and the Premier league is pretty much already stiched up with country, wealth funds or billionaire owners..... so a good chance for an extremely rich owner, to have it secured before the Jan window and provide squad investment to survive prior to official ratification. Be careful what you wish for! Your right. We could be bottom of league 1 or league 2. |
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For sale
Oct 26, 2022 9:21:57 GMT 1
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Post by richhtfc on Oct 26, 2022 9:21:57 GMT 1
Sorry it's ended the way it has with Deano. Thanks for the memories, a shame it didn't work out with Phil Hodgkinson as I think Dean's heart was no longer in it when he sold the 75% shares to PH. But he stepped in when Hodgkinson came into trouble last year. I know that he's had a lot of criticism this last 3 years but will be forever grateful to the first 10 years of his time as owner and chairman. A complete breath of fresh air to anything that we'd ever had before. My initial thoughts to the club being sold is dread, I worry about the type of person who wants to buy Town, their motives and what they'll do, read so many horror stories. However, it probably is for the best, if we have a fresh start, unfortunately I fear that maybe in League One. It'll be interesting to see what price Hoyle gets for the Club. Obviously it's not going to be anywhere near what he's invested. Personally feel it’s probably for the worst, it’s very unlikely we find anyone with the same honest intentions for the club. |
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For sale
Oct 26, 2022 9:40:23 GMT 1
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Post by townrwe on Oct 26, 2022 9:40:23 GMT 1
Sorry it's ended the way it has with Deano. Thanks for the memories, a shame it didn't work out with Phil Hodgkinson as I think Dean's heart was no longer in it when he sold the 75% shares to PH. But he stepped in when Hodgkinson came into trouble last year. I know that he's had a lot of criticism this last 3 years but will be forever grateful to the first 10 years of his time as owner and chairman. A complete breath of fresh air to anything that we'd ever had before. My initial thoughts to the club being sold is dread, I worry about the type of person who wants to buy Town, their motives and what they'll do, read so many horror stories. However, it probably is for the best, if we have a fresh start, unfortunately I fear that maybe in League One. It'll be interesting to see what price Hoyle gets for the Club. Obviously it's not going to be anywhere near what he's invested. Personally feel it’s probably for the worst, it’s very unlikely we find anyone with the same honest intentions for the club. If only we had kept hold of those honest intentions and invested properly in the club during our premier league dags. No reason that £25M training complex shouldn't have been built, no reason we shouldn't have bought the stadium outright. Instead we half arsed a training ground and don't own a stadium and spent £30M on Diakhaby, mbenza and kongolo. I'm a supporter of deano, but that was mismanagement at its finest for someone with good intentions for the club. Cock waving rather than accepting we were never going to establish in the Premier league first time of asking. Our management wasn't far off that at forest. |
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ambryboy
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Post by ambryboy on Oct 26, 2022 9:40:45 GMT 1
Sorry it's ended the way it has with Deano. Thanks for the memories, a shame it didn't work out with Phil Hodgkinson as I think Dean's heart was no longer in it when he sold the 75% shares to PH. But he stepped in when Hodgkinson came into trouble last year. I know that he's had a lot of criticism this last 3 years but will be forever grateful to the first 10 years of his time as owner and chairman. A complete breath of fresh air to anything that we'd ever had before. My initial thoughts to the club being sold is dread, I worry about the type of person who wants to buy Town, their motives and what they'll do, read so many horror stories. However, it probably is for the best, if we have a fresh start, unfortunately I fear that maybe in League One. It'll be interesting to see what price Hoyle gets for the Club. Obviously it's not going to be anywhere near what he's invested. Personally feel it’s probably for the worst, it’s very unlikely we find anyone with the same honest intentions for the club. Phil H did OK. |
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Post by richhtfc on Oct 26, 2022 9:42:23 GMT 1
Personally feel it’s probably for the worst, it’s very unlikely we find anyone with the same honest intentions for the club. Phil H did OK. Yeah, other than going bust and having to be bailed out within a year he did. |
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Post by richhtfc on Oct 26, 2022 9:53:42 GMT 1
Personally feel it’s probably for the worst, it’s very unlikely we find anyone with the same honest intentions for the club. If only we had kept hold of those honest intentions and invested properly in the club during our premier league dags. No reason that £25M training complex shouldn't have been built, no reason we shouldn't have bought the stadium outright. Instead we half arsed a training ground and don't own a stadium and spent £30M on Diakhaby, mbenza and kongolo. I'm a supporter of deano, but that was mismanagement at its finest for someone with good intentions for the club. Cock waving rather than accepting we were never going to establish in the Premier league first time of asking. Our management wasn't far off that at forest. No reason we shouldn’t own the stadium outright other than it being part owned by two other parties with their own vested interests? Re: the PL I think he did what he thought was right at the time in the interests of the club, it didn’t work out, as it doesn’t more often than not for clubs like ours. There are plenty of examples where it’s gone much worse than it did for us. |
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Post by Leporid on Oct 26, 2022 9:57:27 GMT 1
Yeah, other than going bust and having to be bailed out within a year he did. A bit of room for improvement then? |
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For sale
Oct 26, 2022 10:02:55 GMT 1
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Post by richhtfc on Oct 26, 2022 10:02:55 GMT 1
Yeah, other than going bust and having to be bailed out within a year he did. A bit of room for improvement then? Yeah, hopefully we find someone with more money than Dean or Phil and is also a fan, who respects our club and understands our history. Someone with a long term plan who doesn’t want to borrow too much against the club would be good as well. |
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ben1987
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Post by ben1987 on Oct 26, 2022 10:03:39 GMT 1
DH spent millions of his own money to buy and develop Canalside. Some PL money was spent upgrading the facilities. DH charges the club a peppercorn rent for the facilities. All FACTS Pete, I’m intrigued to know where you’ve got the facts from, seriously. It’s been discussed many times at ATT meetings which no such facts were ever made by the club. Unless you know different. All the work HTSA and CL14 did to a much lesser extent towards getting clear answers and understandings on canalside were quashed and no such facts were ever presented to the panel. If you know different, you should present them so that it can be understood and matter closed. This isn’t me being anti Hoyle, but what I am first and foremost is a Huddersfield Town fan. I’ve been lied to by town previously so I don’t take someone’s word for it just that easy. Iffy asked the question and I’ve answered it, unfortunately that brings hoyle into the equation. Yesterdays statement doesn’t mean I won’t all of a sudden think nothing can be questioned. I think one thing that has stood out for me more in the last 12 months is that we have inadvertently as a fan base put somebody up on a pedestal for such a long time when he may not have wanted to and when things aren’t correct, we throw pelters. I have very little trust in Town and the way things have been done for more than the last 5 years and it isn’t just canalside. At no point have I ever questioned the money hoyles put in but I have questioned is the decision making especially around money spent and on what. The list of great things hoyle has done is long, it’s been quoted on other threads. Promotions, canalside, quality of players we’ve seen, cheap tickets etc. rightly, he’s got the plaudits for it but as he says in his statement, you have to take the criticism too. That’s the point that’s been made for the last 12 months on here. Instead of accepting mistakes have been made, some sections of the fan base got all upset about being critical of dean and the fact that most fans want to know what the fuck is going on. I’ll never ever accept what the club or hoyle says as gospel, the club means more to me than loyalty to one or two individuals. Those at the top are not owners, they are not gods, they are not lords, they are custodians of this club. No person at HTAFC is beyond reproach, non. |
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ram
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Post by ram on Oct 26, 2022 10:27:10 GMT 1
So, Is the club really for sale,or is it a hoax? And who the hell is this new MD? Dave Baldwin,is he the bloke from Coronation Street?
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For sale
Oct 26, 2022 10:29:13 GMT 1
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Post by hueypnewton on Oct 26, 2022 10:29:13 GMT 1
One thing that puzzles me, we keep getting told that the “minority shareholder” has put the club up for sale. Now I’m no economics expert but how does a minority shareholder do this? What happened to buying the club outright? Doesn’t Big Phil have a voice here? Does Deano lose all money put in since Phil went under? Just seems a little odd that the minority shareholder is making/taking all big decisions on a sale…
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