leeslover Posted March 5, 2017 Share Posted March 5, 2017 The Trust representative on the Club board wasn't aware that this loan was being arranged or for what purposes. We will attempt to bring you more information on this. Quote Link to comment Share on other sites More sharing options...
singe Posted March 5, 2017 Share Posted March 5, 2017 How much do the 3 charges each amount to? Quote Link to comment Share on other sites More sharing options...
BP1960 Posted March 5, 2017 Share Posted March 5, 2017 I thought it was Latin for 'undisclosed' ' No, that's 'detecta' Monty Quote Link to comment Share on other sites More sharing options...
ChaddySmoker Posted March 5, 2017 Share Posted March 5, 2017 The Trust representative on the Club board wasn't aware that this loan was being arranged or for what purposes. We will attempt to bring you more information on this. Thank you for the speedy response and look forward to further update Quote Link to comment Share on other sites More sharing options...
ChaddySmoker Posted March 5, 2017 Share Posted March 5, 2017 How much do the 3 charges each amount to? Necarcu was on the first £241K and then latterly £350K. But note that the charge in respect of the first loan has not (yet) been removed. Quote Link to comment Share on other sites More sharing options...
jorvik_latic Posted March 6, 2017 Share Posted March 6, 2017 Necarcu was on the first £241K and then latterly £350K. But note that the charge in respect of the first loan has not (yet) been removed. I believe the first one has been satisfied, just not been removed yet. Quote Link to comment Share on other sites More sharing options...
Monty Burns Posted March 6, 2017 Share Posted March 6, 2017 ? Quote Link to comment Share on other sites More sharing options...
yarddog73 Posted March 6, 2017 Share Posted March 6, 2017 Have we satisfied the first but ended up with another 109k of interest? Quote Link to comment Share on other sites More sharing options...
ChaddySmoker Posted March 6, 2017 Share Posted March 6, 2017 I believe the first one has been satisfied, just not been removed yet. Presumably you are within the trust and this (heresay) evidence has only come to light over the last few days. With the fan on the board why does this have to happen in this way? Quote Link to comment Share on other sites More sharing options...
jorvik_latic Posted March 6, 2017 Share Posted March 6, 2017 Presumably you are within the trust and this (heresay) evidence has only come to light over the last few days. With the fan on the board why does this have to happen in this way? Correct. Simon is told most things in board meetings - this wasn't brought up. Quote Link to comment Share on other sites More sharing options...
HarryBosch Posted March 6, 2017 Author Share Posted March 6, 2017 (edited) Presumably you are within the trust and this (heresay) evidence has only come to light over the last few days. With the fan on the board why does this have to happen in this way? Why do you think it has to happen at all? Us being told that the club has borrowed money for some reason..? I don't think I've ever seen a football club inform it's fans that they've taken out a loan.. Have you? Edited March 6, 2017 by HarryBosch Quote Link to comment Share on other sites More sharing options...
ChaddySmoker Posted March 6, 2017 Share Posted March 6, 2017 Why do you think it has to happen at all? Us being told that the club has borrowed money for some reason..? I don't think I've ever seen a football club inform it's fans that they've taken out a loan.. Have you? That is not the question that I asked which was did the Trust know in advance that a further loan was to be taken out. I never said that I should know, did I? Quote Link to comment Share on other sites More sharing options...
deyres42 Posted March 7, 2017 Share Posted March 7, 2017 That is not the question that I asked which was did the Trust know in advance that a further loan was to be taken out. I never said that I should know, did I? Only reason you know is because you scour Companies House every day. Quote Link to comment Share on other sites More sharing options...
Latics and England Posted March 7, 2017 Share Posted March 7, 2017 (edited) I'm not sure why ChaddySmoker is being criticised for "Scouring Companies House". That doesn't seem too unreasonable to me, though it is unlikely to be done every day. The question about whether the Trust were aware is a very fair one. We have a representative on the Board of the club who should be involved in decision making. The nature of a Board of directors is such that they have collective responsibility for the running of the business. There has to be a real danger that it key decisions are being made with one or more directors being excluded from the process, those directors may reach the point that they feel unable to remain on the Board. Whilst I am not suggesting for a minute that this is the position that Simon Brooke is in (I have met him a few times but don't know him and certainly haven't had any such conversations with him), I would be very concerned if he was. Reading through the minutes on the Trust's website, there is a definite suggestion that SB is not being treated the same way as other directors with his exclusion from the Boardroom on matchdays. As a member of the Trust (I think) SB represents me on the OAFC Board and I expect him to be given the full access that any director should have. Edited March 7, 2017 by Latics and England Quote Link to comment Share on other sites More sharing options...
deyres42 Posted March 7, 2017 Share Posted March 7, 2017 It's all love with me and the Smoker. But ultimately only one man has the voting rights so if Corney wants to take out a loan for whatever reason then he can do, nothing the Trust can do about it. Quote Link to comment Share on other sites More sharing options...
ChaddySmoker Posted March 7, 2017 Share Posted March 7, 2017 (edited) It's all love with me and the Smoker. Just added my wifes picture to put a few things straight so there are no misunderstandings. Even though SC has complete control the Board has duties and responsibilities Edited March 7, 2017 by ChaddySmoker Quote Link to comment Share on other sites More sharing options...
BP1960 Posted March 7, 2017 Share Posted March 7, 2017 I'm not sure why ChaddySmoker is being criticised for "Scouring Companies House". That doesn't seem too unreasonable to me, though it is unlikely to be done every day. The question about whether the Trust were aware is a very fair one. We have a representative on the Board of the club who should be involved in decision making. The nature of a Board of directors is such that they have collective responsibility for the running of the business. There has to be a real danger that it key decisions are being made with one or more directors being excluded from the process, those directors may reach the point that they feel unable to remain on the Board. Whilst I am not suggesting for a minute that this is the position that Simon Brooke is in (I have met him a few times but don't know him and certainly haven't had any such conversations with him), I would be very concerned if he was. Reading through the minutes on the Trust's website, there is a definite suggestion that SB is not being treated the same way as other directors with his exclusion from the Boardroom on matchdays. As a member of the Trust (I think) SB represents me on the OAFC Board and I expect him to be given the full access that any director should have. If SB is not allowed the same facilities as other directors on matchdays or not informed of correct boardroom meetings times, meaning some matters are discussed without his presence it's disgraceful. We hear SB dedicates a day and week to the club for nothing, can anyone tell me what individually is the input of the other direcors to earn their special privileges? Quote Link to comment Share on other sites More sharing options...
yarddog73 Posted March 7, 2017 Share Posted March 7, 2017 If SB is not allowed the same facilities as other directors on matchdays or not informed of correct boardroom meetings times, meaning some matters are discussed without his presence it's disgraceful. We hear SB dedicates a day and week to the club for nothing, can anyone tell me what individually is the input of the other direcors to earn their special privileges? I've heard many of the others have a nice brown tongue, not sure how this qualifies them for special privileges, only sycophants need apply. Quote Link to comment Share on other sites More sharing options...
singe Posted March 7, 2017 Share Posted March 7, 2017 Only reason you know is because you scour Companies House every day. How is that a bad thing? Do you tink the Trust should have known about the new Wonga loan or not? Quote Link to comment Share on other sites More sharing options...
singe Posted March 7, 2017 Share Posted March 7, 2017 Could I re-lcarify? Charge 1 Dec 2015 £241k but now paid off Charge 2 ?? £?? Charge 3 Dec 2016 £305k Is that correct? Thanks Quote Link to comment Share on other sites More sharing options...
deyres42 Posted March 7, 2017 Share Posted March 7, 2017 How is that a bad thing? Do you tink the Trust should have known about the new Wonga loan or not? Not really no, I don't see it as any of their or our business. Quote Link to comment Share on other sites More sharing options...
singe Posted March 7, 2017 Share Posted March 7, 2017 Not really no, I don't see it as any of their or our business. You are entitled to your view, but I am sure many do not. Many of us are shareholders, the effect on the playing budget, cash flow and the repeated winding up orders are a concern to many. Quote Link to comment Share on other sites More sharing options...
deyres42 Posted March 7, 2017 Share Posted March 7, 2017 You are entitled to your view, but I am sure many do not. Many of us are shareholders, the effect on the playing budget, cash flow and the repeated winding up orders are a concern to many. If they gave you the details what would you do with it? Quote Link to comment Share on other sites More sharing options...
Frankly Mr Shankly Posted March 7, 2017 Share Posted March 7, 2017 If they gave you the details what would you do with it? I suspect you're being obtuse just for the sake of it. Quote Link to comment Share on other sites More sharing options...
Latics and England Posted March 7, 2017 Share Posted March 7, 2017 The club should not tell the fans everything that is going on and taking out a loan is not something that requires any kind of announcement. They should, however, be taking any such decisions at a Board level and the person who is representing the Trust on that Board should be fully in the loop. We all know that the Trust has little or no influence in the Board Room and ultimately that is a decision for the Chairman to take and it is his right to leave it that way. The representative, however, is there to ensure that the club is being operated in the interest of the fans and whilst he may have no genuine influence, as a Director he should have some oversight. I have lost count over the years at the number of times Simon Corney has come out and said that the club does not owe money to any third parties. In recent years, this has changed to not owing money to third parties with the exception of Brassbank with whom he has an agreement (unclear as to whether written or not) that they will not chase the debt whilst the club is outside the Premier League. Simon's repeated comments along these lines shows that he recognises the importance of not having external creditors who may start to chase the money. If this is something he accepts is so important, why would the full Board not be involved in any discussions that might change the situation? Quote Link to comment Share on other sites More sharing options...
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