ben1987
Mental Health Support Group
Posts: 6,972
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Post by ben1987 on May 2, 2024 10:17:48 GMT 1
Probably worth mentioning Hoyle wrote off £40 million debt 12 months ago. Then why do the recent accounts show around £25 million still owed to him, secured against the club in 2019? And why has no one else confirmed that there was no fee for the club or stadium shares, or what the obligation is with regards to Canalside (ATT minutes suggest the club has an obligation to buy the land)? We have one suggestion from an anonymous source published in one Daily Mail article. There is no clear evidence that he’s done so — though I’d be happy to be proved wrong. Would be awfully easy for someone to clear it up… |
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Post by portugalterrier on May 2, 2024 10:24:13 GMT 1
It’s noted as a liability on the basis it would be payable if the club gains promotion to the Premiership, is what I’m led to believe. As the club is a private limited company there is little published info accounts filed at Companies House.
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Post by dugnet on May 2, 2024 10:30:20 GMT 1
The only reason that DH is now relevant to HTAFC is if he has any agreements that prevent the club from moving forward i.e. make us an unattractive proposition for genuine investment. I don't know if that is the case (I would expect/hope not).
I still find it strange that a man who was once so candid chose to, pretty much, adopt radio silence. When people take such an approach others will naturally draw their own conclusions and fill the silence, accurately or not.
I don't really think he should have any relevance to the operation of the club now or in the future but I don't know if agreements mean that he does.
My view won't change a man who did many great things for the club but made many mistakes which you could argue have had some significant influence on our current position.
It is what it is. I don't think Mr Nagle is a man who would take something on he wasn't completely in control of (perhaps that is why the stadium issue is unresolved?) so I would think whatever DH has an agreement on is within Mr Nagle's control, or I would hope so.
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ben1987
Mental Health Support Group
Posts: 6,972
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Post by ben1987 on May 2, 2024 10:32:07 GMT 1
Probably worth mentioning Hoyle wrote off £40 million debt 12 months ago. Is it written off or part of the deal for all/part payment if we get to prem again. If he has written it off great but why not do it when others interested first time he sold it to Phil, because we were due around 90m and he didn't want anyone else to have it so the club struggled and here we are Don't get me wrong deano did a lot of good for this club no doubt about it. but ultimately you are judged on the final actions you take and the major one was not to sell to the best persons first time round and let the club balance itself with the parachute monies to cover mistakes he and his team made ie mbenza,diakhaby etc He was recouping money he wasted by blowing our brains and sleepwalking , phrases he used. By selling to Phil he did everyone fans,Phil ,himself a disservice and ultimately ruined his god like legacy which as I've said is sad as he did so much for the club and gave us some great times and football. Hoyle actually recently had an opportunity to put the stadium shares in a trust, secure a zero interest loan from the council to fund stadium infrastructure investments, and gain operational control of the ground for the club. But he killed the deal - that was ready to go - when he came back in after Hodgkinson went bust. Because he wanted to sell the shares. huddersfieldhub.co.uk/exclusive-new-fears-for-john-smiths-stadium-after-huddersfield-town-owner-dean-hoyle-pulls-plug-on-community-trust-deal/ |
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Post by detox on May 2, 2024 12:02:35 GMT 1
I'm not disagreeing with you..but he did become a 'potential buyer' ultimately..when DH had conned him into a deal he couldn't afford. The guy was a total chancer. Dean just wanted out to whoever would agree to his terms. Someone with money never would’ve bought the club under those circumstances. I wouldn't so much describe Potless as a 'chancer', more so he was approached by DH, he was buttered up by DH and convinced that the deal on offer was a good one. Maybe naive , gullible...or just didn't really understand..but a 'chancer' would suggest he had some understanding of the implications of the deal offered to him. |
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Post by detox on May 2, 2024 12:03:38 GMT 1
It’s noted as a liability on the basis it would be payable if the club gains promotion to the Premiership, is what I’m led to believe. As the club is a private limited company there is little published info accounts filed at Companies House. Do you know if there's a time limit on this ? |
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Post by detox on May 2, 2024 12:21:28 GMT 1
Probably worth mentioning Hoyle wrote off £40 million debt 12 months ago. Adding a bit of 'fat' to this...didn't he almost get to the point where the club was to be put into Administration if KN didn't agree a deal with him ? I can't exactly remember the details but my memory is that DH was backed into a corner after the PH exit, and agreed to hold the fort while KN sorted approval from the FA..subject to being refunded what he spent during that period.
The club debts (ie DH's loans) were subject to negotiation amid the asking price for the sale..There's no way the market value of the club was worth anything near the debts on the books and wasn't it at this point that entering administration would benefit DH more than what KN offered, or a liquidation ? .
Ultimately DH had no choices left, the club was losing money, losing value and slipping down the league table... The last chance of DH recovering any money at all was the £5m (?) if we make it to the PL...which sounded to me like a last gasp opportunity of lessening the losses he's made.
Ultimately, DH's loans of £65m were never going to be recovered once we got relegated from the PL. The repayment plan he had with PH..which meant selling off our better players...was only ever going to devalue the clubs worth. No buyer was going to pay £65m, and certainly not KN. DH made a cock up, and I'm sure he wishes now he'd repaid himself from the 2 x £130m PL monies ..which I would have had no problem with, it would be good the club came out debt free..alas, he didn't.
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Post by portugalterrier on May 2, 2024 12:38:24 GMT 1
It’s noted as a liability on the basis it would be payable if the club gains promotion to the Premiership, is what I’m led to believe. As the club is a private limited company there is little published info accounts filed at Companies House. Do you know if there's a time limit on this ? No I don’t, but I’m sure there will be a time scale or it could be there for ever. |
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goodbet
Andy Booth Terrier
Posts: 3,929
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Post by goodbet on May 2, 2024 22:38:22 GMT 1
Probably worth mentioning Hoyle wrote off £40 million debt 12 months ago. What choice did he have, other than keeping the club on and continue to lose more money. It has not been published what Dean got when disposing of his interest in the club, but it was not worth another £40M. It was not worth £40M in total. It is worth a darn site less right now. |
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