Latest Chairmans Chat

Brent leaves >>>>> Hallett then injects more capital investment into the club.

[You must be registered and logged in to see this link.]

Just a spooky coincidence.

Still won't please everybody

Subtle little pop against the Brent.....

"I hope to be able to fulfil my promise of providing greater transparency into Argyle’s financial position.

Speaks well

He's not really talking about pumping cash into the club as such is he, more that any extra funds he provides to cover losses will be secured (for him) against the issue of more shares. So when he sells the Club he's guaranteed to get all his money back, either because it's straightforward loans or is secured against shares. People need to remember that when shares are traded the money goes to the person selling the shares, not the club. So SH buying out Brent just means more money for the Brent pension fund.

It's not like the pre MaCauley days when Board members used to GIVE their money to the Club.

Still better than the Brent loan scenario.

Grovehill wrote:

He's not really talking about pumping cash into the club as such is he, more that any extra funds he provides to cover losses will be secured (for him) against the issue of more shares. So when he sells the Club he's guaranteed to get all his money back, either because it's straightforward loans or is secured against shares. People need to remember that when shares are traded the money goes to the person selling the shares, not the club. So SH buying out Brent just means more money for the Brent pension fund.

It's not like the pre MaCauley days when Board members used  to GIVE their money to the Club.

Hallett's not guaranteed anything. He's only going to get his money back if someone is prepared to pay the same or more than what he paid for his shares. If the club falls on hard times again like it did a few years ago, that is unlikely. In fact.. If it falls on that hard of times again, he's not even going to get his loan back.

seadog wrote:

Still better than the Brent loan scenario.

IT'S EXACTLY THE SAME

Grovehill wrote:

seadog wrote:

Still better than the Brent loan scenario.

IT'S EXACTLY THE SAME

Rickler wrote:

Grovehill wrote:

He's not really talking about pumping cash into the club as such is he, more that any extra funds he provides to cover losses will be secured (for him) against the issue of more shares. So when he sells the Club he's guaranteed to get all his money back, either because it's straightforward loans or is secured against shares. People need to remember that when shares are traded the money goes to the person selling the shares, not the club. So SH buying out Brent just means more money for the Brent pension fund.

It's not like the pre MaCauley days when Board members used  to GIVE their money to the Club.

Hallett's not guaranteed anything.  He's only going to get his money back if someone is prepared to pay the same or more than what he paid for his shares.  If the club falls on hard times again like it did a few years ago, that is unlikely.  In fact..  If it falls on that hard of times again, he's not even going to get his loan back.

Secured against the freehold, like Gardner and Co. did.


Just because Brent is out of the picture, don't assume that everyone else is a benevolent benefactor. We've been "had" before- the owner that never watched a game and the "I don't do failure" Chairman. I'm not saying that SH isn't a good guy (compared to some) just that no one is throwing money at the football club- at the property investment, yes. At the football team, no. We can hope though, that he will put some money into the team as a Championship club is a lot more saleable than one in the fourth division

On a similar theme, I saw something the other day about the projected uplift in income because of the new build being £1 million a year! WTF! I don't if any venue in the Westcountry is doing £20,000/week. People in cloud cuckoo land or just plain deluded? The gain is in the increase in the value of the property- like building an extension on your house, you only cash in when you sell out