Re: Relegation Confirmed : Sat Sep 16, 2023 5:36 pm  

Slugger McBatt wrote:

If we come back up due to IMG gradings, because of the off-field work done by JM and MC, what will people say?

The exact same as this season, that unless they invest in the squad and bring in a better coach we will be the whipping boys of the league and eventually relegated again. Then what will happen is that the IMG weightings will be adjusted to favour on-field performance as a consistently poor team is a negative draw on the wider game and will impact on the value of future TV deals and central investment into the sport.

Re: Relegation Confirmed : Sat Sep 16, 2023 5:37 pm  

Slugger McBatt wrote:

If we come back up due to IMG gradings, because of the off-field work done by JM and MC, what will people say?

I'd say they still had the opportunity to carry on but chose to let go of the club and leave someone new to take the 6 million pound debt they had got the club into. They had the chance and in carter's words. FAILED. Bravo

Re: Relegation Confirmed : Sat Sep 16, 2023 5:47 pm  

6 million quid debt? Where has that come from?

Re: Relegation Confirmed : Sat Sep 16, 2023 5:49 pm  

Slugger McBatt wrote:

6 million quid debt? Where has that come from?

no.idea ask.your mates

Re: Relegation Confirmed : Sat Sep 16, 2023 5:51 pm  

I think we've established that you don't like/blame Carter and Minards.

That's fine.

You can stop now.

We get it.

Re: Relegation Confirmed : Sat Sep 16, 2023 6:04 pm  

MOPSEY LIVES ON wrote:

no.idea ask.your mates

It’s your claim, isn’t it?

If it helps, I’m not a supporter of MC or JM. Don’t know them, never met them. I just think there’s a bigger picture and that they’ve always had to play with a weak hand: lack of money. Eventually, your luck runs out.

Our best period in SL was when Kear was involved, and it can’t be a coincidence that it was the only time Chester had a successful period, when Kear was helping him.

Re: Relegation Confirmed : Sat Sep 16, 2023 7:14 pm  

Slugger McBatt wrote:

6 million quid debt? Where has that come from?

Slugger,I'll step in here with what I know

Land loan £3.1 M
COVID loan £1 M
Cumulative trading debts to date £1 M
Directors loans £1 M

Last two are only approximate figures but quite near and I strongly suspect Ellis will not be taking on the directors loans. The out going board will have to take those.

[PopTart]

Re: Relegation Confirmed : Sat Sep 16, 2023 7:24 pm  

Prince Buster wrote:

Slugger,I'll step in here with what I know

Land loan £3.1 M
COVID loan £1 M
Cumulative trading debts to date £1 M
Directors loans £1 M

Last two are only approximate figures but quite near and I strongly suspect Ellis will not be taking on the directors loans. The out going board will have to take those.

How do you know trading debt to date? They haven't done the accounts yet.
And the director loans aren't exactly a debt they've left Ellis with are they. They gave the money to the club and are not asking for it back. How to twist facts.

Re: Relegation Confirmed : Sat Sep 16, 2023 7:30 pm  

PopTart wrote:

How do you know trading debt to date? They haven't done the accounts yet.
And the director loans aren't exactly a debt they've left Ellis with are they. They gave the money to the club and are not asking for it back. How to twist facts.

They are on there. The balance sheet shows net assets of £754,393. On the face of it it looks good, however it only looks good on paper. There are fixed assets of £6,302,584 which is the value of the land and buildings. Current assets of £482,566. Against this there are over £800,000 of creditors falling in one year and over £5m in creditors falling due after more than one year. So we have net assets but only if you can sell the ground to pay the creditors. The true position is that we have over £6m in creditors and very little if no means to repay the creditors. You can paint whatever picture you want on paper but in truth we need the takeover completed

Re: Relegation Confirmed : Sat Sep 16, 2023 7:33 pm  

PopTart wrote:

How do you know trading debt to date? They haven't done the accounts yet.
And the director loans aren't exactly a debt they've left Ellis with are they. They gave the money to the club and are not asking for it back. How to twist facts.

I did say, Ellis will most likely not take directors loans, at least I thought I did.
The accounts have not been filed at companies House, I agree. But any due diligence will have up to date on going trading figures , I know you will not be party to them but others are