Re: Matthew Ellis Takeover : Mon May 22, 2023 10:05 am  

PopTart wrote:

I'm on that group too Mark so I'm not hiding, but the rule on this group is to remain anonymous. Its just the way it is.

I didn't say you were to blame for making the club toxic, but equally this forum has an acceptable use policy which I'd advise you to read.
You are welcome to post your views, but if it gets personal (or toxic) you'll be moderated on those rules same as everyone else.

As long as the rules are the same from everyone thats fine.

You said 'indeed' when someone brought me into this - I have been called a mafia, bully boy - which I would suggest is personal and potentially toxic - but because its targeted at me, it appears that it meets the 'acceptable use policy' of this page.

Re: Matthew Ellis Takeover : Mon May 22, 2023 10:06 am  

FIL wrote:

Isn't this thread supposed to be about the potential take-over ??

Sorry, I had to address some personal bullying issues towards myself, after my name was brought into this thread.

Re: Matthew Ellis Takeover : Mon May 22, 2023 10:09 am  

A reliable source who has not let me down in the past informs me of the below, I will admit that i do not understand the why's or hows and it doesn't really make sense but here goes:

The Ellis interest is very real and and offer is a long way down the line however there are some sticking points.
The council load repayments are a lot higher than anticipated by Ellis and he struggles to see how the club would afford them in the Championship without them being paid by directors/owners. Taking on the debt isn't an issue in itself but paying for it if we go down is.
The new stand is set up to run under a separate company to the actual club, a bit like a Stadium Management Company. Carter is wanting to remain in control of this and charge to club itself rent to be able to use it. Now I always understood that the club owned the land and everything on top of the land so I am not sure how it works or even if it is true but I do trust my source.
The final sticking point is Directors Loans. The small shareholders are happy to sell without recuperating their money however Carter wants his loans paying back in full despite what he has said in the past.

Re: Matthew Ellis Takeover : Mon May 22, 2023 10:15 am  

Chris Taylor wrote:

MC explicitly stated in an interview with Matt Shaw on house of league that he isnt bothered about getting his loan back. I’m paraphrasing, apologies but it was clear that in that interview that he wouldnt pursue it.

What Carter says and what Carter does aren't always the same thing.

Re: Matthew Ellis Takeover : Mon May 22, 2023 10:36 am  

Mark Voakes wrote:

Sorry, I had to address some personal bullying issues towards myself, after my name was brought into this thread.

welcome on board, the fight against the establishment goes on, till we get our club back

Re: Matthew Ellis Takeover : Mon May 22, 2023 10:38 am  

altofts wildcat wrote:

A reliable source who has not let me down in the past informs me of the below, I will admit that i do not understand the why's or hows and it doesn't really make sense but here goes:

The Ellis interest is very real and and offer is a long way down the line however there are some sticking points.
The council load repayments are a lot higher than anticipated by Ellis and he struggles to see how the club would afford them in the Championship without them being paid by directors/owners. Taking on the debt isn't an issue in itself but paying for it if we go down is.
The new stand is set up to run under a separate company to the actual club, a bit like a Stadium Management Company. Carter is wanting to remain in control of this and charge to club itself rent to be able to use it. Now I always understood that the club owned the land and everything on top of the land so I am not sure how it works or even if it is true but I do trust my source.
The final sticking point is Directors Loans. The small shareholders are happy to sell without recuperating their money however Carter wants his loans paying back in full despite what he has said in the past.

makes me laugh how the current bod want to charge trinity for using their own stand after contributing nothing towards it. Just go now you've done enough damage and if this is the case you are motivated by pure greed or someone making a success of the club, something which you haven't

[PopTart]

Re: Matthew Ellis Takeover : Mon May 22, 2023 10:39 am  

MOPSEY LIVES ON wrote:

welcome on board, the fight against the establishment goes on, till we get our club back

I think I've asked this before but
1) when did you previously 'have the club'
2) what makes you think new guy is going to do what you want?

Re: Matthew Ellis Takeover : Mon May 22, 2023 10:40 am  

altofts wildcat wrote:

A reliable source who has not let me down in the past informs me of the below, I will admit that i do not understand the why's or hows and it doesn't really make sense but here goes:

The Ellis interest is very real and and offer is a long way down the line however there are some sticking points.
The council load repayments are a lot higher than anticipated by Ellis and he struggles to see how the club would afford them in the Championship without them being paid by directors/owners. Taking on the debt isn't an issue in itself but paying for it if we go down is.
The new stand is set up to run under a separate company to the actual club, a bit like a Stadium Management Company. Carter is wanting to remain in control of this and charge to club itself rent to be able to use it. Now I always understood that the club owned the land and everything on top of the land so I am not sure how it works or even if it is true but I do trust my source.
The final sticking point is Directors Loans. The small shareholders are happy to sell without recuperating their money however Carter wants his loans paying back in full despite what he has said in the past.

Being charged to use the stand goes against the whole point of it being built. Carter hasn't paid for it so should not be due any renumeration from it. If this is true and he does not relent then he's as good as lost his money anyway. Perhaps he's trying it on to see what he can get. On those terms I can understand the sticking points.

Re: Matthew Ellis Takeover : Mon May 22, 2023 10:41 am  

altofts wildcat wrote:

A reliable source who has not let me down in the past informs me of the below, I will admit that i do not understand the why's or hows and it doesn't really make sense but here goes:

The Ellis interest is very real and and offer is a long way down the line however there are some sticking points.
The council load repayments are a lot higher than anticipated by Ellis and he struggles to see how the club would afford them in the Championship without them being paid by directors/owners. Taking on the debt isn't an issue in itself but paying for it if we go down is.
The new stand is set up to run under a separate company to the actual club, a bit like a Stadium Management Company. Carter is wanting to remain in control of this and charge to club itself rent to be able to use it. Now I always understood that the club owned the land and everything on top of the land so I am not sure how it works or even if it is true but I do trust my source.
The final sticking point is Directors Loans. The small shareholders are happy to sell without recuperating their money however Carter wants his loans paying back in full despite what he has said in the past.

Surely Carter wouldn't quit because he could see that the Council Loan would potentially make the Club insolvent? Maybe it's just getting too hard? And I find it hard to understand how the East Stand could be under a different Title (and ownership) to the Club unless it's in a Leasehold Structure and Mr Carter et al owns that Leasehold Interest? They don't own the East Stand? The City effectively owns the stand, right? Now I'm confused, concerned, and a bit disappointed if I am honest. And MC wanting his Loan back after the bluster telling us all he wasn't bothered about them? I can only assume it's posturing as part of a deal negotiation. If it's all true of course - which it might not be! I guess we will find out in the next few days.

Re: Matthew Ellis Takeover : Mon May 22, 2023 10:42 am  

altofts wildcat wrote:

A reliable source who has not let me down in the past informs me of the below, I will admit that i do not understand the why's or hows and it doesn't really make sense but here goes:

The Ellis interest is very real and and offer is a long way down the line however there are some sticking points.
The council load repayments are a lot higher than anticipated by Ellis and he struggles to see how the club would afford them in the Championship without them being paid by directors/owners. Taking on the debt isn't an issue in itself but paying for it if we go down is.
The new stand is set up to run under a separate company to the actual club, a bit like a Stadium Management Company. Carter is wanting to remain in control of this and charge to club itself rent to be able to use it. Now I always understood that the club owned the land and everything on top of the land so I am not sure how it works or even if it is true but I do trust my source.
The final sticking point is Directors Loans. The small shareholders are happy to sell without recuperating their money however Carter wants his loans paying back in full despite what he has said in the past.

Absolutely disgusting if true. How anyone stick up for him.