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Post by space hardware on Oct 26, 2022 10:32:10 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… I think someone mentioned last night that Hoyle was effectively given Power of Attorney (or similar) over the club when PH reneged on the payments? |
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prepare
Darren Bullock Terrier
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Oct 26, 2022 10:42:28 GMT 1
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Post by prepare on Oct 26, 2022 10:42:28 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… I think someone mentioned last night that Hoyle was effectively given Power of Attorney (or similar) over the club when PH reneged on the payments? that’s what I understood |
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ambryboy
Jimmy Glazzard Terrier
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Post by ambryboy on Oct 26, 2022 10:44:42 GMT 1
Yeah, other than going bust and having to be bailed out within a year he did. He did OK as an owner of HTAFC. It's unfortunate that his businesses went tits up because he seemed to be doing a good job reducing Town's debts whilst improving us on the pitch. So many seem to think that Hoyle's departure is the death knell for Town but I think Phil shows other owners are available and some of them are quite capable too. |
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iangreaves
Jimmy Glazzard Terrier
[M0:0]
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Post by iangreaves on Oct 26, 2022 10:48:35 GMT 1
If Baldwin has been here since May, is it fair to assume that he and Dean have been working on sale plans for some time but perhaps waiting for the transfer of ownership from Phil to be cemented?
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Oct 26, 2022 11:00:23 GMT 1
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Post by richhtfc on Oct 26, 2022 11:00:23 GMT 1
Yeah, other than going bust and having to be bailed out within a year he did. He did OK as an owner of HTAFC. It's unfortunate that his businesses went tits up because he seemed to be doing a good job reducing Town's debts whilst improving us on the pitch. So many seem to think that Hoyle's departure is the death knell for Town but I think Phil shows other owners are available and some of them are quite capable too. Hope so. |
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Oct 26, 2022 11:00:38 GMT 1
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Post by dalesterrier on Oct 26, 2022 11:00:38 GMT 1
If Baldwin has been here since May, is it fair to assume that he and Dean have been working on sale plans for some time but perhaps waiting for the transfer of ownership from Phil to be cemented? Also it stated his remit included the transfer of shares back to Dean plus the ownership of the stadium, so fair to say there's probably quite a lot going on in the background that we are currently unaware of |
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Post by townarentbest on Oct 26, 2022 11:31:06 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… Dean has power of attorney over the majority shareholding entity. Can be seen in the < Signatory > to the recently updated Articles of Understanding (which if you also search out the doc, set out the terms of any sale etc, all pretty standard stuff). The club total shareholding is valued at £7.125m (which makes sense in terms of the value that Dean had mentioned in relation to the "remaining 25%" on that podcast he did the other year). I should imagine that any sale consideration would involve as a minimum paying that £7.125m (with £5m going to Phil), as well as total repayment of directors loans (I assume this would have to happen unless he remained in some kind of director role?) - which, unless we're sold to someone far far richer than Dean/Phil, would likely mean securing a loan risked on the club (the kind of sale that Dean shyed away from previously for good reason - although other clubs get sold like this regularly). |
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Post by Porrohman on Oct 26, 2022 12:47:26 GMT 1
Yeah, other than going bust and having to be bailed out within a year he did. After sorting out the shitshow he was left, and putting us on the road to the greedy league (before corruption/incompetence intervened). |
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Oct 26, 2022 12:51:11 GMT 1
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Post by Porrohman on Oct 26, 2022 12:51:11 GMT 1
If Baldwin has been here since May, is it fair to assume that he and Dean have been working on sale plans for some time but perhaps waiting for the transfer of ownership from Phil to be cemented? Worryingly, the club has been going tits up since the end of May. I hope it's just a coincidence 😉 |
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Post by townrwe on Oct 26, 2022 15:32:21 GMT 1
Yeah, other than going bust and having to be bailed out within a year he did. After sorting out the shitshow he was left, and putting us on the road to the greedy league (before corruption/incompetence intervened). I wonder if deano ever considered leaving PH in charge and just lifeboating the club until it was sold.... it would have probably resulted in premier league promotion. |
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Post by mosher on Oct 26, 2022 15:42:11 GMT 1
After sorting out the shitshow he was left, and putting us on the road to the greedy league (before corruption/incompetence intervened). I wonder if deano ever considered leaving PH in charge and just lifeboating the club until it was sold.... it would have probably resulted in premier league promotion.Probably not though if we still played the twigs, still had Carlos fucking up the team lineup and still had those corrupt/inept fuckers refereeing! |
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Post by ShortbreadPete on Oct 26, 2022 18:30:39 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. Ben, I'm not sure why the club wouldn't want to state the case re Canalside but can understand your misgivings if ATT weren't given clear answers and understandings. Maybe you'll get another opportunity when ATT next meet with the Chief Exec. Has Dean ever attended a meeting and been asked directly about Canalside? I agree with your other points: Everyone has to be accountable. Mistakes/errors of judgement have been made. No person at HTAFC is beyond reproach. Those at the top are custodians. It appears that I've given some folk the impression that I won't tolerate any criticism of Dean and that isn't accurate. What I do find intolerable are comments made that are unfair, ignorant, lacking empathy and use foul and abusive language or are personally offensive/disrespectful. We're all disappointed but bitterness and nastiness can be poisonous for the individuals who are targeted. Some precious memories have been made during DH's tenure but a new era is beginning and I will continue to look forward with hope. UTT |
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Oct 26, 2022 21:57:58 GMT 1
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Post by Skint Terriers on Oct 26, 2022 21:57:58 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… I've been told that PH is pretty much dragging his feet at every opportunity at handing everything over. I think he's holding out for a miracle that isn't coming |
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Oct 26, 2022 22:10:28 GMT 1
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Post by Ginger Ogre on Oct 26, 2022 22:10:28 GMT 1
Iffy it was raised on several occasions at the ATT, not once did the club give a clear answer, not once. In fact I witnessed a director of the club at an ATT meeting just before the point was about to be discussed, get up and walk out the room so not to have to speak on the matter. It’s a complete and utter disgrace how little it’s discussed and forgotten about. It’s like fight club, first rule, don’t talk about it. It’s owned by Dean Hoyle is my understanding but club money was/is used to upgrade it. The club rent it off him. I might be wrong on some of that but I don’t think I am. That’s my understanding based on the countless debates at ATT and my on research but you’ll be lucky to get any sense from anyone on this because it’s so hush hush. It is oddly opaque, which is why I asked the question (and have previously). Premier League PH-era money was used for it. Surely not to be a private asset of DH? I've not gone through the whole thread so may have already been said, however I'm 99.9% certain the Hoyle owns the land that Canalside sits on, but HTFC own all the stuff that is there. Essentially, the land is owned in a 'freehold' way by Hoyle and was done in this way so that when the club was eventually sold, as now, the new owner would never be able to see the land off as whoever buys HTFC won't buy the land Canalside sits in. As probably mentioned Hoyle will charge HTFC rent for the land, how much that is I don't know |
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k1man999
Andy Booth Terrier
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Oct 26, 2022 22:19:39 GMT 1
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Post by k1man999 on Oct 26, 2022 22:19:39 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… I've been told that PH is pretty much dragging his feet at every opportunity at handing everything over. I think he's holding out for a miracle that isn't coming Wouldn't surprise me if he is trying to get a consortium together to buy us |
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Post by Made In Yorkshire on Oct 27, 2022 16:26:42 GMT 1
There's Rightmove for houses, Autotrader for cars, eBay and Amazon for pretty much everything.
Curious to know where they advertise football clubs to get as much interest as possible.
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Oct 27, 2022 16:43:33 GMT 1
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Post by CurlyWurly on Oct 27, 2022 16:43:33 GMT 1
There's Rightmove for houses, Autotrader for cars, eBay and Amazon for pretty much everything. Curious to know where they advertise football clubs to get as much interest as possible. Hard to believe but.. www.mergerscorp.com/property-type/football-clubs/ |
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Post by Made In Yorkshire on Oct 27, 2022 16:51:24 GMT 1
There's Rightmove for houses, Autotrader for cars, eBay and Amazon for pretty much everything. Curious to know where they advertise football clubs to get as much interest as possible. Hard to believe but.. www.mergerscorp.com/property-type/football-clubs/Thanks for that! |
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Post by overtonterrierspirit on Oct 27, 2022 18:09:03 GMT 1
There's Rightmove for houses, Autotrader for cars, eBay and Amazon for pretty much everything. Curious to know where they advertise football clubs to get as much interest as possible. Is Exchange and Mart still going? |
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Post by yellowbelly on Oct 27, 2022 18:31:00 GMT 1
Don’t know, but we are more likely to found in Loose Change and not so Smart
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Oct 27, 2022 18:44:08 GMT 1
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Post by Orinoco on Oct 27, 2022 18:44:08 GMT 1
Don’t know, but we are more likely to found in Loose Change and not so Smart Examiner free ads still going?!! |
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For sale
Oct 27, 2022 18:48:14 GMT 1
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Post by galpharm2400 on Oct 27, 2022 18:48:14 GMT 1
Ill stop looking on ebay then...😉 I had a figure I wasnt going to go higher than honest... |
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Post by The Sheriff Strikes Back on Oct 27, 2022 18:54:14 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. Spot on, every word. |
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For sale
Oct 27, 2022 19:05:52 GMT 1
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Post by willhudd on Oct 27, 2022 19:05:52 GMT 1
Personal business view here. I would expect people in the know I.e advisors etc would have known we were on the market for some time. Various people would have been engaged abd sounded out with the possibility of commission in their sights. Would not be surprised if the md has a bonus dependent on it as well. What worries me potentially is the uncertainty it provides and the impact it will have on staff members. We all know most takeovers require almost a mini purge of staff I.e Chelsea and as such I would expect Bromby and others to be having a look at the market. Just a personal business view not based on any inside info
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Oct 28, 2022 20:22:32 GMT 1
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Post by alexdire on Oct 28, 2022 20:22:32 GMT 1
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