NIKKK Idea for Argyle

Sorry if this as been posted before, what do Atd make of these proposal



Quote from Nikkk

I know to date I have just been here mucking about with auctions and stuff but for some time it has been on my mind to discuss that going forward and particularly following the feeling following last nights game, maybe the way forward would be to step back several years, and I appreciate not perhaps relevant with todays "big clubs" with "big owners" but we as a club should put together a board of directors with maybe 6 or 7 Directors all of whom can offer personal substantial bank gurantees or lump sums and thus move into safety with the budget to" buy" safety from "disaster" James has already made it clear what his limits are but perhaps there are are a few that could do this. I personally do not think it would take a busting amount of cash to buy safety. Anyway would be delighted to help personally and surely there are a few other genuine Devon/Cornwall business people who could form a board. Ok maybe not suitable for the big time but sufficient to ensure league survival ? Maybe talking nonsense and perhaps I should just bid on shirts but cant help feeling this is the way to go today !


Quote (from no post Web


Nikkk

Firstly I think the 6 or 7 Directors with money isn't really the answer. There needs to be a healthy mixture of investors and people there for their skills.

Also I don't think its for us to say to James Brent 'you've bought the Club now we'll sort the Board out' - thats his Job in my view.

I know this is very high on his list of priorities and potential candidates are being examined currently.

My suggestion mate would be that you contact James directly to see if there is something that can be done with yourself if you fancy a crack at it.

If you need the contact details just drop me a PM.


More on here

Chris


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Would INJ become a director this way

What does Webb mean by "people there for their skills"?

Surely the prime objective is to run a successful business-which would make you one of the wealthy investors in the first place!

These businessmen should then follow their own example and appoint people to do whatever needs doing-a good football manager, a Company Accountant, a head of marketing, head of PR. etc. etc.

That's how business works and, as football is a business, how football should work.


The fact that the Club president seems to think just because someone is good at their job (for instance, they are a good journalist) means they should sit on the Board of a multi-million pound (at least potentially) Company, shows how naive a businessman Webb is and his manipulation by JB just confirms that such appointments would not work.


Of course with Webb it all boils down to the politics of envy "I couldn't run a successful business, but I'm a mate of someone who can"

From Graham Evans,
I think that now is the time for the trust to mobilise the fanbase and become one of the directors.Most of us cannot afford to help the club in this way but maybe as a whole we could make a difference.

LMFAO.

Just one question, where was Nikki when the club was available to buy from the Administrators?

Being frightened of the dogs of war?
To be honest if Nikkk was to get a seat on the board and put money into the club I would feel a lot happier to put my own money in as a paying customer. My whole problem at the moment is that our organic model of growth now involves Brent only taking from the club.

Iggy wrote:

From Graham Evans,
I think that now is the time for the trust to mobilise the fanbase and become one of the directors.Most of us cannot afford to help the club in this way but maybe as a whole we could make a difference.

LMFAO.

Quite. How could we make a difference without a vote?

Grovehill wrote:

Just one question, where was Nikki when the club was available to buy from the Administrators?

exactly!!!

That thread was started almost a year ago.

Moist_Von_Lipwig wrote:

That thread was started almost a year ago.

Finger on the pulse here on ATD

I see Damon.Lenszner bump it on Friday

I hope he continues to bump it.

The idea of anyone else investing is a bit problematic though isn't it.

Two directors have already divvied up and in return for their share of the club they are expected to build a grandstand. I can't see anyone getting in without having to sign up to the same commitment. I didn't understand the benefit to the directors of having to splash for a new grandstand for such a tiny original outlay. Apart from anything else it happened at a time when Brent said he didn't need the money (in relation to the Trust money).

So any new investor would need £££'s for the initial funds and ££££££££'s for the grandstand.

I was only thinking today about nikkkk wondering how long before he buys the club/invests seeing as he has paid to sponsor the devonport end.

Also has this been bumped to gauge how the fans feel before he makes a move or maybe someones trying to talk him into investing in the club.

Mowerman. it was kind of may fault it got bumped. Greenjock pondered last night about whether Nikkkkkk doesn't just go the whole hog and invest. I remembered an old thread where Nikkkkkk had mentioned investing before and used it to answer Greenjock.

Damon saw it, having not ever read it before, and bumped it up on Pasoti. Confusion reigned for a while with a few people thinking it was a recent posting by Nikkkkk. But it was only brought to prominence because of Nikkkkk's sponsorship of the Devonport End.

Dougie, as I understand it, the building thing, including the grandstand that will form the 'back wall' of the development, will be a deal between Brent and PCC, and not PAFC.. the club are just the Council's tennants, No gain for the club in asset terms, unless there is some sort of executory consideration to sell the improved ground back to PAFC at an advantageous price.

Penzance wrote:

Dougie, as I understand it, the building thing, including the grandstand that will form the 'back wall' of the development, will be a deal between Brent and PCC, and not PAFC.. the club are just the Council's tennants, No gain for the club in asset terms, unless there is some sort of executory consideration to sell the improved ground back to PAFC at an advantageous price.

This is interesting because having bought the ground, PCC set out terms for renting it back to the club that were £125k a year in League 2 I believe, and then rising if we ever get out of this hell-hole league.

The opportunity to buy the ground off of PCC is also there, at I seem to recall 10x the annual rent. If we are in League 1 and paying £200k a year or whatever it is, then Home Park can be bought by the club for £2 million, but what happens with the grandstand?

James Brent and the council will both be making money from income generated by whatevers included in the grandstand like bars, conference rooms etc. or have I got that wrong and PCC get nothing from this?

My point is will this still be the price to buy back Home Park with the new grandstand built? And what happens if James Brent wants to sell the club in a couple of years? Does he envisage keeping the grandstand and the business it generates?

This makes sense in my head, but I'm on Henry Weston number 3 and had a couple of cans of Merrydown, so it probably makes as much sense as a Carl Fletcher team-talk

Also dont forget if pafc has a different owner in the future say nikkkk that falls out with james brent the owner of the hotel attached to the gransstand could we be prevented from gaining access to the mayflower because we need to go through the hotel. food for thought

Quote :

Argyle released the following statement today: Plymouth Argyle Football Club today announces that it has raised more than £700,000 in additional cash for the club. This exceeds the amount that it had budgeted to raise at the time of acquisition by Akkeron Leisure in October last year. The financial performance of the club is in line with the budget, despite a number of new players joining Plymouth Argyle. The cash has been raised in two ways: 1 - The sale of the car-park and surplus land at Higher Home Park for £425,000 (the District Valuer's valuation) to a new company, the beneficial ownership of which is 82.5% owned by James Brent's pension fund and the balance by Richard Holliday and Anthony Vaughan. Richard is a Director of the club, and Anthony is a leading London-based lawyer who was heavily involved in the acquisition of PAFC by Akkeron Leisure in October of last year; and 2 - The issue of 5% per annum convertible securities to Mr Holliday (or his investment vehicle) and Mr Vaughan in an aggregate amount of c. £275,000. These securities are convertible into up to 14% of PAFC's share capital. The sale of the land achieves full value for PAFC. In addition, however, the new landowners have agreed either to: a) build a new grandstand for PAFC without charge; or b) give PAFC 50% of the windfall profit that might arise were the Grandstand not built. James Brent said: "This transaction further strengthens the financial position of the club. In addition, it represents the next step in delivering to the football club a new grandstand of which the club, city and region can be proud." David Felwick, an Independent Director of Argyle, said: "The Independent Directors have reviewed these transactions in accordance with PAFC's corporate governance regime. The football club has not only received full value for the land today but has also secured the right to have a new grandstand built or, failing that, receive profits from any development. In this way, Plymouth Argyle will receive benefit from any development but will bear none of the costs or risks associated with it."

It's the bit about "build a new grandstand for PAFC without charge" I was thinking about

Im a bit iffy about a man buying into this club when he goes to great lengths to hide his name and background.

Brent's property group will be a new stand (not calling it "Grand" because it won't be) for the owner of the ground-Plymouth City Coucil.

PCC will then be entitled to charge their tenant (PAFC) a larger rent -which will also increase the buyback cost should the football club ever be in a position to buy the ground.Brent's property group will pay for the stand out of the profits they get through developing the land that used to belong to the football club.

The football club will be denied the profit on the land they used to own, but will get a percentage of it back in the form of a new stand for which they will have to pay a higher rent.

Had the football club kept ownership of the land that Brent will develop, they (the football club) could have developed the land themselves and kept all the profit. Which could have been used to clear debts and develop the football team

As it is now Brent will make a profit (over & above the cost of the new stand) and the football club will have a new stand that they will continue to pay for year after year in the way of increased rent.

It's very much like the deal that Brent did to buy the club-it loads a whole lot of debt & liabilities onto the football club to be paid for out of future income.

An astute businessman would not create a situation whereby he lumbers himself with loads of liabilities to clear in the future, so it looks like Mr B doesn't intend to be owning the football club for that long

AN ANNUAL dinner-dance held at Home Park has raised more than £1,000 for prostate cancer charity the Chestnut Appeal.

The 95 guests enjoyed a three-course dinner with music by Christian Sleep before partying on in Plymouth Argyle's Pyramid Suite, with more music from Jessica and the Rabbits.

Genting Casino provided a fun casino and guests were also entertained by psychic medium and Gothic poet Carrington Marshall.

Chestnut Appeal charity manager Lesley-Ann Simpson said: "The event was such a success that we are planning a bigger one in March for Prostate Cancer Awareness Month.

"The Argyle players are also supporting us by growing moustaches for 'Movember'.

IS THERE ANY BODY WE KNOW WHICH ARE IN THIS PICTURE?

( forgot how to insert images)

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I just see all of these 'events' under the name of charity ( these events could be held anywhere else in the city ) as being used to establish the 'regular' use of Central Park as just yet another boozing/music/casino 24/7 nightmare.... a common ploy that would raise the value of the developments no end for their owner. It's a park ! and a hard won park. There are plenty of places in the city that could do with hosting these sort of events... Same old using charity to bust through planning concerns. Some people would concrete over and spoil every square metre of this planet if they could ... wilderness and green city space is their enemy..

Where's Webby quote..........
Firstly I think the 6 or 7 Directors with money isn't really the answer. There needs to be a healthy mixture of investors and people there for their skills.'

What skills does the Nool possess apart from deviousness, bullying and bucket rattling ?
'

Angry of Mayfair wrote:

Im a bit iffy about a man buying into this club when he goes to great lengths to hide his name and background.

You mean Nick Barron, First European Securities