This weeks Observer

simon

simon

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

WHY ???????????????????????????????????
 
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?
 
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.
 
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,
 
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 ".............
 
maccawozzagod said:
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
Click to expand...

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

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

'LEST WE FORGET !!!'
 
: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!!:(
 
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.
 
maccawozzagod said:
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
Click to expand...
I smell a scam:mad:
 
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:
 
bdc said:
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:
Click to expand...

That's exactly what I was hinting at in my post earlier.
 
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.
 
Hmmmmm..I sense a new plot for a BBC production..hey, maybe we could sell it to them for 308,000 pounds? ....
 
Kiwi John said:
Hmmmmm..I sense a new plot for a BBC production..hey, maybe we could sell it to them for 308,000 pounds? ....
Click to expand...

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 !!'
 
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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