Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 5:08 pm  

Dunkirk Spirit wrote:

I think you’ll find the directors (spirit of 1893) put £1.3 million into the redevelopment, some money was spent on the large screen @ north west corner, new roof on Rollin shack and the new pitch. You may argue that’s only 10% that’s been spent elsewhere on the ground but that other 90% was delivered by mainly JM and MC, why is that so difficult for you to understand? Why do you have so much hate for our directors and the club, it really isn’t healthy for you.

Not quite correct because I expect that the Glover loan that he left with the club is included in this figure because I cannot see it referenced anywhere else.

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 5:13 pm  

Dunkirk Spirit wrote:

I think you’ll find the directors (spirit of 1893) put £1.3 million into the redevelopment, some money was spent on the large screen @ north west corner, new roof on Rollin shack and the new pitch. You may argue that’s only 10% that’s been spent elsewhere on the ground but that other 90% was delivered by mainly JM and MC, why is that so difficult for you to understand? Why do you have so much hate for our directors and the club, it really isn’t healthy for you.

so I'm assuming if they did there would be proof of this somewhere. So would I be right in saying these are directors loans which if you add on to the council loan and the covid loan amount somewhere in the region of over 5.4 million pound of debt and that's without a balance sheet which is forecast to show a massive loss. Is that correct or did the floodlights, roof and screen come from the 2 million gift money from the council

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 6:16 pm  

[quote="MOPSEY LIVES ON"]so I'm assuming if they did there would be proof of this somewhere. So would I be right in saying these are directors loans which if you add on to the council loan and the covid loan amount somewhere in the region of over 5.4 million pound of debt and that's without a balance sheet which is forecast to show a massive loss. Is that correct or did the floodlights, roof and screen come from the 2 million gift money from the council[/quotet The figures I quoted were documented in the council documents planning permission also relating to the funding for redevelopment. Unfortunately, those documents are no longer showing on the planning portal. Perhaps Pop Tart can confirm what JM quoted on Monday night, the £8.2 million from York Court, £2 million from Council (Cas & Fev also got 2 million each) and £1.2 million from the directors. I will search on planning websites again for the said documents, or we can trawl through the Stadium planning threads from the past 3 years, I know I posted links for all to see. I don’t know where you get the figures of £5.4 million from. From memory I recall council loan £3.2 million, Covid loan around £900,000 = £4.1 million. I believe JM said on Monday night, Directors loans would not be reclaimed. If anyone on here was at the meeting on Monday, can they confirm or correct me. Thanks Edit, I’ve located some documents dated 15th June 2022. It would appear I underestimated the directors contribution. BELLE VUE DELIVERY PLAN REPORT Second row down, click on documents tab at end of row https://planning.wakefield.gov.uk/onlin ... 7D2QQJOS00

[quote="MOPSEY LIVES ON"]so I'm assuming if they did there would be proof of this somewhere. So would I be right in saying these are directors loans which if you add on to the council loan and the covid loan amount somewhere in the region of over 5.4 million pound of debt and that's without a balance sheet which is forecast to show a massive loss. Is that correct or did the floodlights, roof and screen come from the 2 million gift money from the council[/quotet The figures I quoted were documented in the council documents planning permission also relating to the funding for redevelopment. Unfortunately, those documents are no longer showing on the planning portal. Perhaps Pop Tart can confirm what JM quoted on Monday night, the £8.2 million from York Court, £2 million from Council (Cas & Fev also got 2 million each) and £1.2 million from the directors. I will search on planning websites again for the said documents, or we can trawl through the Stadium planning threads from the past 3 years, I know I posted links for all to see. I don’t know where you get the figures of £5.4 million from. From memory I recall council loan £3.2 million, Covid loan around £900,000 = £4.1 million. I believe JM said on Monday night, Directors loans would not be reclaimed. If anyone on here was at the meeting on Monday, can they confirm or correct me. Thanks Edit, I’ve located some documents dated 15th June 2022. It would appear I underestimated the directors contribution. BELLE VUE DELIVERY PLAN REPORT Second row down, click on documents tab at end of row https://planning.wakefield.gov.uk/onlin ... 7D2QQJOS00

[PopTart]

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 6:44 pm  

MOPSEY LIVES ON wrote:

so I'm assuming if they did there would be proof of this somewhere. So would I be right in saying these are directors loans which if you add on to the council loan and the covid loan amount somewhere in the region of over 5.4 million pound of debt and that's without a balance sheet which is forecast to show a massive loss. Is that correct or did the floodlights, roof and screen come from the 2 million gift money from the council

It's all in the accounts as either loans or assets.
But you didn't answer his question.

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 7:24 pm  

Dunkirk Spirit wrote:

I think you’ll find the directors (spirit of 1893) put £1.3 million into the redevelopment, some money was spent on the large screen @ north west corner, new roof on Rollin shack and the new pitch. You may argue that’s only 10% that’s been spent elsewhere on the ground but that other 90% was delivered by mainly JM and MC, why is that so difficult for you to understand? Why do you have so much hate for our directors and the club, it really isn’t healthy for you.

I've tried to stay out of all this but they didn't put that in, they did though source it! A £1.8 million contribution came from the club, the vast majority of which was through grant funding with the rest coming from the clubs cash reserves. It's a big reason why we wanted a football club at BV asap as they have plenty of grants available to them and they used a bid writer to give them the best chance of success. It didn't come from the directors pockets though, hence why it doesn't show as a debt on the accounts.

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 7:37 pm  

Sacred Cow wrote:

I've tried to stay out of all this but they didn't put that in, they did though source it! A £1.8 million contribution came from the club, the vast majority of which was through grant funding with the rest coming from the clubs cash reserves. It's a big reason why we wanted a football club at BV asap as they have plenty of grants available to them and they used a bid writer to give them the best chance of success. It didn't come from the directors pockets though, hence why it doesn't show as a debt on the accounts.

Good work all the same.

It's frustrating that it is taking so long and I can't imagine there is much left to negotiate. If Ellis wants a SL club he's chosen the wrong season to come to the table, if the current directors want their loans back then they're on a hiding to nothing. What else is there to dicuss?

[PopTart]

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 7:40 pm  

Khlav Kalash wrote:

Good work all the same.

It's frustrating that it is taking so long and I can't imagine there is much left to negotiate. If Ellis wants a SL club he's chosen the wrong season to come to the table, if the current directors want their loans back then they're on a hiding to nothing. What else is there to dicuss?

OMG! How many times does this have to be said.
They are not asking for their loans back.

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 8:17 pm  

PopTart wrote:

OMG! How many times does this have to be said.
They are not asking for their loans back.

It a question what their loans actually amounts to because no accounts since Nov 2021 have been declared I believe.

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 8:42 pm  

PopTart wrote:

OMG! How many times does this have to be said.
They are not asking for their loans back.

Exactly, so what else is there to negotiate?

[PopTart]

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 8:51 pm  

Khlav Kalash wrote:

Exactly, so what else is there to negotiate?

Well just off the top of my head

How much money are they actually intending to put in?
Who from DIY Kitchens is going to make the decisions?
What structure are they going to implement to run the club?
What are they going to do about the part completed projects?
What are they going to do with current employees.

Ellis will want to know what is expected from RFL. What the IMG rules will be.
How much will he have to invest to get what he wants out of the club.
Who is available to recruit to his team.
What division will we be playing in.

Etc etc etc.