Page 2 of 10

Re: Monkey hangers

Posted: Tue Jan 09, 2018 12:50 pm
by Darlo_Pete
I guess the 3 serious bidders, may have been put off by what they found.

Re: Monkey hangers

Posted: Tue Jan 09, 2018 12:53 pm
by Henley
Gary Coxall is our friend, is our friend, is our friend . . .

Re: Monkey hangers

Posted: Tue Jan 09, 2018 2:01 pm
by BUSHEAD
http://www.bbc.co.uk/sport/football/42621879

Poolie Trust chairman doesn't sound too positive

Re: Monkey hangers

Posted: Tue Jan 09, 2018 2:21 pm
by BUSHEAD
btw Pools to finish in the bottom 4 places is available at between 7/1 & 9/1 depending on which bookmaker you use.

Might as well make some money from their misfortune .

Re: Monkey hangers

Posted: Tue Jan 09, 2018 2:24 pm
by jjljks
Six interested parties now down to 2. Just hope for their sake it isn't Raj Singh & George Reynolds.......

Re: Monkey hangers

Posted: Tue Jan 09, 2018 4:18 pm
by Spyman
I doubt Singh would be interested as the Council own the ground.

Re: Monkey hangers

Posted: Tue Jan 09, 2018 5:51 pm
by real_darlo_85
Spyman wrote:I doubt Singh would be interested as the Council own the ground.
Or he could go in and want to prove us wrong, 'here's what you could have had' style... :shifty:

Re: Monkey hangers

Posted: Tue Jan 09, 2018 6:14 pm
by Quakerz
It'd be funny if Singh did take over them just to prove us wrong - crack on Radged!

Re: Monkey hangers

Posted: Tue Jan 09, 2018 7:03 pm
by Quakers1883
tezza wrote:HUFC: Take a look through the range of past-season match kit we have up for sale right now on eBay.

We’ve been for another look through the kit archives here at The Vic and have found a great selection of shirts and shorts to offer for sale.

We have a selection of the 2016/17 match-worn away kit available, as well as a selection of older player-worn shirts.

As well as this, we have player-worn match shorts and a range of other match shirts available at bargain prices.

Almost down to the soiled panties for sale
Arrr that explains how they've been running self suffient, they've been flogging stuff on ebay since 2006! And all this time I thought it was IOR pumping the money in!

Re: Monkey hangers

Posted: Tue Jan 09, 2018 7:26 pm
by Sussex07
Be a nice gesture if we could rustle up some bibs for their next game.

Re: Monkey hangers

Posted: Tue Jan 09, 2018 9:28 pm
by Darlo-and-Back
Most buyers would let it go into admin, ditch the debt and do a deal. Doesn’t sound promising for them. Same boat as us in that a buyer would need the FA membership transferred by the current controlling interest and to clear the football debt or they will be pushing up the Northern League next season.

Re: Monkey hangers

Posted: Wed Jan 10, 2018 11:25 am
by LoidLucan
"Wages, for both playing and non-playing staff are due on January 25, and the club has to find around £200,000 as a tax bill is also due in the next 16 days."

Oh dear.....

Re: Monkey hangers

Posted: Wed Jan 10, 2018 11:38 am
by QUAKERMAN2
LoidLucan wrote:"Wages, for both playing and non-playing staff are due on January 25, and the club has to find around £200,000 as a tax bill is also due in the next 16 days."

Oh dear.....
It just shows how far we have come from a similar situation and just makes you think how comfortable we are with only a £65k legacy debt to worry about.Certainly would not swap places with them at this moment in time but it was always waiting to happen when IOR pulled the plug.

Sent from my XT1032 using Tapatalk

Re: Monkey hangers

Posted: Wed Jan 10, 2018 11:50 am
by PierremontQuaker03
It seems that the Hartlepool Supporters trust have their own agenda, presumably they want ownership of the club so they are bound to sound sceptical.

Re: Monkey hangers

Posted: Wed Jan 10, 2018 12:01 pm
by Comfortably_numb
Spyman wrote:I doubt Singh would be interested as the Council own the ground.
spot on. with RS it's all about making money - that's fine - he's a businessman - it's what they do. the neck stretchers have no assets or potential, so he won't be interested.

It's hard to see why anyone would want to buy that club - debt riddled and no assets.

it'll need to go into admin to wipe the debt and then the supporters will have to pick it up.

Re: Monkey hangers

Posted: Wed Jan 10, 2018 12:07 pm
by AndyPark
For the minority of their fans and some of the idiots on the Bunker. This is karma.

Years of taunts about how to run a club etc, how we died in 2012 etc. Welcome to the real world.

Wouldn’t like to see them going bust, but throwing down to the NorthernLeague or something will make me happy. Good luck to the genuine fans in saving their club.

Re: Monkey hangers

Posted: Wed Jan 10, 2018 12:32 pm
by Spyman
Darlo-and-Back wrote:Most buyers would let it go into admin, ditch the debt and do a deal. Doesn’t sound promising for them. Same boat as us in that a buyer would need the FA membership transferred by the current controlling interest and to clear the football debt or they will be pushing up the Northern League next season.
If this were to happen, at least they'd have the chance to learn from us - the supporters can do the decent thing and try to pay back the creditors like we did but they know the FA will shaft them anyway, so they might as well 're-form'.

They have the advantage of having a Council owned ground to play in even if they end up in the Northern League and they currently have a far bigger fanbase than we did at the same stage 5 years ago. Three admins in 12 years completely killed our fanbase whereas they probably still have 3,000+ to draw on for fundraising.

Re: Monkey hangers

Posted: Wed Jan 10, 2018 12:55 pm
by lo36789
It depends if their major creditor digs their heels in or not. Assuming majority creditor is the current owner. If they agree to a 1p in the £1 CVA then there is a pretty easy escape for them.

Surely only a highly vindictive owner would have a playoff between 1p in the £1 or 0p in the £1 (no CVA) and would take the latter option...unless their hands were tied and had no choice etc. etc.

Re: Monkey hangers

Posted: Wed Jan 10, 2018 3:07 pm
by divas
Unpaid debts can be written off for tax purposes so it’s unlikely a paltry few pence in the pound would be accepted if the creditor wasn’t bothered about the club folding. As happened to us in 2012.

As the books at Hartlepool have never been disclosed to the Trust they have no idea who the debt is owed to, apart from Sage but a decent guess could probably be made. It looks very grim for them.

Re: Monkey hangers

Posted: Wed Jan 10, 2018 3:10 pm
by theoriginalfatcat
I thought the Conference had very strict rules about clubs going into admin? i.e. pay the correct amount or get kicked out.

Re: Monkey hangers

Posted: Wed Jan 10, 2018 3:17 pm
by lo36789
theoriginalfatcat wrote:I thought the Conference had very strict rules about clubs going into admin? i.e. pay the correct amount or get kicked out.
Only if you leave without a CVA.
divas wrote:Unpaid debts can be written off for tax purposes so it’s unlikely a paltry few pence in the pound would be accepted if the creditor wasn’t bothered about the club folding. As happened to us in 2012.
Surely that extends to the rest of the debt which is due though or does it not?

Re: Monkey hangers

Posted: Wed Jan 10, 2018 3:45 pm
by Darlo_Pete
The Inland Revenue usually want all their monies paid to them in full. Sounds like the 2 potential investors are not keen on the finances.

Re: Monkey hangers

Posted: Wed Jan 10, 2018 5:16 pm
by lo36789
Darlo_Pete wrote:The Inland Revenue usually want all their monies paid to them in full. Sounds like the 2 potential investors are not keen on the finances.
That was true with Rangers certainly. That is only football club admin where they have had a sufficient share of the debt to actually influence the vote.

Re: Monkey hangers

Posted: Wed Jan 10, 2018 5:21 pm
by Darlo-and-Back
Spyman wrote:
Darlo-and-Back wrote:Most buyers would let it go into admin, ditch the debt and do a deal. Doesn’t sound promising for them. Same boat as us in that a buyer would need the FA membership transferred by the current controlling interest and to clear the football debt or they will be pushing up the Northern League next season.
If this were to happen, at least they'd have the chance to learn from us - the supporters can do the decent thing and try to pay back the creditors like we did but they know the FA will shaft them anyway, so they might as well 're-form'.

They have the advantage of having a Council owned ground to play in even if they end up in the Northern League and they currently have a far bigger fanbase than we did at the same stage 5 years ago. Three admins in 12 years completely killed our fanbase whereas they probably still have 3,000+ to draw on for fundraising.

Learn from us and secure the transfer of the FA membership before committing to paying the football debt.

Re: Monkey hangers

Posted: Wed Jan 10, 2018 5:24 pm
by Darlo-and-Back
lo36789 wrote:It depends if their major creditor digs their heels in or not. Assuming majority creditor is the current owner. If they agree to a 1p in the £1 CVA then there is a pretty easy escape for them.

Surely only a highly vindictive owner would have a playoff between 1p in the £1 or 0p in the £1 (no CVA) and would take the latter option...unless their hands were tied and had no choice etc. etc.
A blanket 1p in the £ would still leave football debt and there is no guarantee that HMRC would go along. Depend on who’s owed how much really.

Re: Monkey hangers

Posted: Wed Jan 10, 2018 6:42 pm
by Darlopartisan
They are going for a crowd funding to raise the 200K, off to a good start 3500 raised so far.

Re: Monkey hangers

Posted: Wed Jan 10, 2018 6:47 pm
by Darlo-and-Back
Should hang onto the funds and use it to buy the club from admin rather than flush it away trying to prevent it

Re: Monkey hangers

Posted: Wed Jan 10, 2018 8:09 pm
by bigdavethemaddog
theoriginalfatcat wrote:I thought the Conference had very strict rules about clubs going into admin? i.e. pay the correct amount or get kicked out.
if they are in adminstration when the conference agm is held in June then they may be refused entry to that seasons conference league.

Re: Monkey hangers

Posted: Fri Jan 12, 2018 1:30 pm
by jjljks
Darlopartisan wrote:They are going for a crowd funding to raise the 200K, off to a good start 3500 raised so far.
May get Mr Stelling doing an appeal on Sky Sports this Saturday. I am sure the panel will all chip in a slice of their appearance fees ;)

Re: Monkey hangers

Posted: Fri Jan 12, 2018 4:57 pm
by AndyPark
jjljks wrote:
Darlopartisan wrote:They are going for a crowd funding to raise the 200K, off to a good start 3500 raised so far.
May get Mr Stelling doing an appeal on Sky Sports this Saturday. I am sure the panel will all chip in a slice of their appearance fees ;)
Well Jeff Stelling can piss off.
BBCSportArticle wrote:Local rivals Darlington struggled with a similar situation in 2011-12, where only a last-gasp injection of money from the fan-run DFC Rescue Club kept them going until the end of the season.

Unfortunately, the Quakers were unable to find further investment to overcome their predicament and eventually reformed as a phoenix club, but Stelling does not anticipate the same fate for Pools.

"I'm really hopeful that we will have a new investor in place in the not too distant future," he added.