This weeks Observer
 

This weeks observer is full of our current plight.

Pg 4, all about Peter Marsden and Ilyas Etc.

Pg 5, Question and Answer with David O'Neil, 12 very pointed questions.

Lots more at the back.

I do feel that DON skirted round the questions like a politician to be honest. IMHO.

One point that stood out.. Question 4 was about the £150,000 owed to eric whalley ? The DON confirmed this as a directors loan. ?????? why ????? My thoughts are,,, write it of.... Eric owes us at least that....

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I dont think that EW owes us anything to be honest but that's a whole different story.

up until June there were no directors loans. Therefore this has been added since then so must somehow tie up with the sale of the club. I don't know how this all stacks up but I dont like it. There's something not right

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The DOn also confirmed that the paperwork regarding the buy out of erics shares has not yet been sent to companies house ?

WHY ???????????????????????????????????

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DON says he put £100,000 into the club, then £50,000.

A debt of £150,000 to EW has appeared.

Could there be any connection?

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I can understand that EW would not be willing to sign over the shares without getting his £150K therefore it would be reasonable that the Don cannot submit the paperwork for the shares to be registered in his name.

My question is, why has the Don not registered himself or Marcelle as directors of Accrington Stanley FC. One would assume that you must be a director in order to be a chairman or in this case joint chairman.

If this person is not registered as a director then how can he be classed as a chairman, following that how can he be making decisions that affect the club. He has been making decisions since July 09 or even before then.

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One point that stood out.. Question 4 was about the £150,000 owed to eric whalley ? The DON confirmed this as a directors loan. :confused::confused: Wheres this £150k come from ?????ie out of the clubs coffers and who ok'd the loan was it the chairman at the time ie EW,

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OR..................." i want out ! I will take in on but have no money ? put it down that the club owes me £150k ! when I get it I'll sign ! OK good luck at chester ".............

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Is ANYTHING 'Right' Macca ????......

"I assure you that I will not let Accrington Stanley fold again."....

'LEST WE FORGET !!!'

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:confused: If and its a BIG IF the club had a spare £150k knocking about wouldn't you think the Taxman would have come first before anything else!!:(

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What it suggests to me is that EW put a short term loan of £150k into the coffers prior to or shortly after leaving under a Directors Loan Account; therefore he is entitled to ask for this money back. From my point of view the sooner this is paid the better; at least then we can make a fresh start once we get to the other side of the little crises…

In respect of Mr. O’Neil and the delectable Ms. Lazarus I have little doubt that this is a self preservation matter, if you aren’t a registered director you won’t suffer the penalties effect of the winding up other. Let’s face it if you bought the club knowing you could be tits up (forgive me Marcella) in a matter of month would you want to be one…… (I do sincerely hope I’m wrong) If the intention is to register for a directorship there’s no reason why he can’t be chairmen and lady chair, after all he owns the club.

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Yes.........:) Club first always

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I couldn't be clear on that......:D

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I smell a scam:mad:

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Is it possible that the DON hasn't actually put any money into the club? I know it probably sounds daft, I have just noticed that in the statement he issued on Monday he quoted that he had put £100k in plus another £50k which makes £150k. Could this be the £150k that is on the directors loan account on the balance sheet? What I'm getting at is that the DON agreed with EW that he would take on the debt and pay him £150k on top to buy his shareholding thus creating a directors loan?:idunno:

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The whole episode just seems to get more complicated by the day, the thing that really worries me is the fact that the DON isn't registered as a director at companies house. At the end of the day if you had just parted with £150k you would want to get your name down on the deeds for Stanley unless there is something going on below the surface.

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Hmmmmm..I sense a new plot for a BBC production..hey, maybe we could sell it to them for 308,000 pounds? ....

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Already prepared KJ !!....Doubt if Factual Productions would believe it though ??..so it's now going to be a Costume Drama !...Boy, could I have fun going down this 'lateral avenue' !...Villains!...Heroines!...Intrigue!...Idiots Galore!..and a cast of thousands...(well 1400 approx really!)...

Thanks for feeding my little bagatelle (Sorry SM!)..KJ!.. But I can't close without reminding him again!....Here it is:-

"I assure you that I will not let Accrington Stanley fold again.".

'LEST WE FORGET !!'

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The DON has well and truly nailed his colours to the mast with this statement in the Observer:-

"We have several large events taking place this month which will continue to bring money into the fund, and this together with contributions from a number of individuals at the club will ensure that the club is not wound up at the end of the month. Of course, there also has to be a longer-term plan, and we have three or four initiatives in the next couple of months that will ensure the club has a comfortable future. Details of the first of these will be in Saturday's matchday programme"

I am sure we can all breathe a little easier after such a firm public committment.:)

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Excellent article from a Stanley fan in this week's Observer

We’re a laughing stock - Accrington Stanley FC - Football - Sport - Accrington Observer

Critical, but calm and measured. Sums up my feelings exactly. Written by someone from here, perhaps?

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"Stanley Forever" - aka Willie Miller?
Well done to the Observer, Dany in particular.

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yep but the co-chairperson's feeble plea here

Lazarus: We need investment (From Lancashire Telegraph)

has just made me reach for my inhaler!!!

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The whole thing is now entering the realms of farce...

“We’re looking for somebody to come in and say, ‘Here’s £200,000 for you’.

Have you not noticed, Marcelle? They already have done...repeatedly!!

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"WE NEED INVESTMENT"....... i thought it had been offered and refused:(

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the tone of this article sounds DESPARATE......:(


ON STANLEY ON



THE CLUB THAT WONT DIE

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In a nutshell Wyn !!....and has my concurrence as well!!....With this letter at their elbow, can 'The Board' and particularly our Joint-Chairpersons do anything else but act IMMEDIATELY to convince everyone that every intention they have regarding our Club is forged with the integrity which they maintain is theirs!!.

"I assure you that I will not let Accrington Stanley fold again.".

'LEST WE FORGET !!!'

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So the answer is for the ASSF to reduce their offer by 50k then it is a done deal ?

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“We’re looking for somebody to come in and say, ‘Here’s £200,000 for you’.

words escape me

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The letter to the Observer was eloquently written, well done to whoever you are, the quotes from Marcelle begger belief. Just to remind you Marcelle, Ilyas Khan offered to put up £250k and was told where to go repeatedly. I'm sorry, but the club have refused what could have been a life saver. And yes I am very worried.

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[Please tell me you’ve not had your head stuck up your arse these last five weeks….THERE ARE NO DEALS you have had every opportunity to pay over the past 12 months or more and you the club have failed to pay, IF YOU DON’T PAY IN FULL when you return to court you will be responsible for killing this club, the pride of Accrington’s heart, not to mention the people you will make unemployed. If you can’t come up with anything better than this please **** off back from where you come from and let us go with dignity.

You have got to be taking the ****…..

Mr O’Neil; get the resignation of those opposing the Khan offer and work with the man, meet in the middle somewhere before its two late.[/SIZE]

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Marcelle says she as been in football for years. What connection is there between selling mobile phones to players and running a football club.
There is a Filling Station near Carrington where the Man U players fill up their Bentleys etc but the owner knows nothing about football (clubs) God help us if we are now asking for someone to come forward with £200K, it happened once but recent events make it unlikely to happen again. The bad press we have suffered will only drive away investors, and lets be honest there aren't that many around. Imagine taking this business proposition to the guys on Dragons Den.

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Not exactly how I would have said it Doug!!...but....

'WOW !!'

"I assure you that I will not let Accrington Stanley fold again."....HE said!!

'LEST WE FORGET !!'

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Eric treated commercial managers like crap. Dave appoints them as co-Chair.

The Times They Are A-Changin'

:confused:

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As far as I know a person does not have to be a Director to be Chairman. As for registering as a shareholder, Director, etc. this does not need to be done until the Annual Return is sent in and Stanley's return is not due to be lodged until 14th December with information as at 16th November. When this return is sent to Companies House it should contain the names of new shareholders and new Chairpersons. There is nothing sinister about DON, etc. not being registered as shareholders/chairpersons at the moment.

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It's been said many times but I will say it again. In October 2008 Stanley were at the High Court in London to defend a winding up order from HMRC. David O'Neill gave EW £100,000 to pay to HMRC to stop them from continuing with the winding up order. If DON had not given EW £100,000 the club would have been wound up in October 2008. That is the £100,000 DON put into the club. I don't know anything about the other £50,000 he says he has put in but I can believe he has done.

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Any commercial managers out there who 'worked' under EW shouldn't feel alone. Everyone was treated like c**p.

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“Dave is doing the day-to-day running of the club and he brought me in to raise the profile of the club and the brand,” said Lazarus.

I think she's done a great job! Since she's started raising our profile, we seem to be on the telly non-stop and in newspapers and on the radio. There's also been a renewed interest ont t'internet.
Well done Marcelle.............(Sarcasm, just in case you didn't notice)

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Great post that.

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Some points have had me shaking my head

Q1"contributions from a number of individauls at the club will ensure that the company is not wound up at the end of this month"

Q4"The deal between Eric and my self has be done,although we have yet to send off the paperwork to update the records at companies house

Q5"There is no doubt that the board does need looking at once we have settled HMRC,we have some very committed individuals now but there does need to be an involvement from more areas of the club

Q10"All monies available can be used towards paying HMRC demand if required


Q11We dont have three definitive lots of £18,000,through there is of course some of this available

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You're not on your own Katei - O'Neil might not make a good chairman but I've no doubt he'd make a good politician.