Mastpoint

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Are Argyle still in hock to Mastpoint?

It's the sort of thing The Trust/PASB should be all over like a rash to get an answer from Brent.

What with the repayment of players and staff wages being deferred and perhaps this that's some indebtedness that can only hamper the playing budget.

All very murky isn't it.What makes you really wonder about it all when you see some of the names involved and the money apparently put into the club is how the feck did we manage to get relegated and end up in such a mess.Maybe Penz was right when he used to say that CV's for allegedly successful businessmen in reality mean nothing more than the paper that they are written on.Don't like the sound of that "future success" bit,very curious and disturbing-wonder if this would be a question for either the PASB or trust to put to Mr Brent.Not sure that the reply would be very upfront though.

Mysterious indeed.

Mysterious how PAFC's total "secured" debts at the time of going into Admin. seem to have been far larger than any assets that these loans could have been secured against in the first place. Wish I could get a secured loan (ie mortgage) for several times what my house is worth.

Also mysterious why so many seemingly intelligent people were persuaded to pump huge sums of money into a struggling CCC football team, that couldn't even pay it's printing bills.


If a man charges a pensioner a couple thousand quid to put some tiles on their roof, he's a con man.

If a man persuades several people to put a few million quid into a football club that's losing money hand over fist, he's a financier.

Strange world isn't it?

Just an attempt at a bit of idle speculation but i wonder where Argyle would have ended up if the names on that Mastpoint list had been at the club when Pulis or Holloway were the managers?

Weren't Mastpoint dissolved earlier this year? That suggests to me that they have had their pound of flesh out of Argyle.

Grovehill wrote:

Mysterious indeed.

Mysterious how PAFC's total "secured" debts at the time of going into Admin. seem to have been far larger than any assets that these loans could have been secured against in the first place. Wish I could get a secured loan (ie mortgage) for several times what my house is worth.

Also mysterious why so many seemingly intelligent people were persuaded to pump huge sums of money into a struggling CCC football team, that couldn't even pay it's printing bills.


If a man charges a pensioner a couple thousand quid to put some tiles on their roof, he's a con man.

If a man persuades several people to put a few million quid into a football club that's losing money hand over fist, he's a financier.

Strange world isn't it?

Surprising what you can get a away with if your face fits, you can even order a company to come in and sort out your potato field of a pitch and restore it to quite a high standard costing many hundreds of thousands of pounds knowing full well you you can't pay and are almost certainly about to go into administration. But hey what the feck so long as Mastpoint get their money back eventually thats all that matters to them, never mind the rest of the small company plebs who shit out and got no chance of getting feck all back. Sometimes shit doesn't stick on slimey surfaces.

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The President speaks.

Anyone heard the phrase 'hope certificate' in relation to Mastpoint and Argyle? No. I thought not.

Whether this info was out there or not, and don't think it was in such explicit terms, it's still beholden on Brent all in the case of transparency to front up about this and where we are on the outstanding debt and (as Baba has constantly asked) the current debt from Brent's propping up of the club.

The Presidents intervention convinces me there is information being disseminated to superfans that is not available to REAL fans. It only oozes its way into the public domain to put the plebs straight.

Dougie wrote:

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The President speaks.

Anyone heard the phrase 'hope certificate' in relation to Mastpoint and Argyle? No. I thought not.

Whether this info was out there or not, and don't think it was in such explicit terms, it's still beholden on Brent all in the case of transparency to front up about this and where we are on the outstanding debt and (as Baba has constantly asked) the current debt from Brent's propping up of the club.

The Presidents intervention convinces me there is information being disseminated to superfans that is not available to REAL fans. It only oozes its way into the public domain to put the plebs straight.

So thats why brent isnt investing in the club. He doesnt want us to go up the leagues because he will have to pay mastpoint.

Mr. President on Pasoti wrote:

Basically it doesn't affect the staff payments at all so nowt to worry about.

That just sums it up for me...

Can somebody wise him up to the fact we're a friggin football club not a charity!

Baba's post seems reassuring. He has researched the finances for some time.

Mastpoint no longer exist.

knecht wrote:

Baba's post seems reassuring. He has researched the finances for some time.

Sort of. He doesn't seem to address Vitals last paragraph.

Quote :

However, there is still a large amount of debt owed to Mastpoint in the form of an unsecured loan of just over £3 million; it is not certain if the football club is liable for this debt.
There is also an agreement that Argyle's possible future success will bring financial reward to the Mastpoint members.

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Only Brent can answer whether Mastpoint are owed £3 million by the club or not. And the Presidents answer does confirm that in any case Mastpoint will still enjoy Argyles future succes despite grinding the club into the ground.

Update: Baba has only just clocked The Presidents surprise

Hugh Watt wrote:

Mastpoint no longer exist.

Except the article says "Mastpoint are once again active"

So they weren't dissolved like postey told us!

First The President and now the Proxy Associate Director toddle along to tell us it's all hunky dory.

must be something to hide in there then, if THOSE two are saying alls fine

Actually the most that came out about Mastpoint was that they were 'entitled' to a share of the clubs tv money both from the Football Leagues overall normal payout and from any unexpected tv money from live cup ties.

This was knocked back a number of times with reason that Brents agreement had removed it from the original CVA.

In fact any questioning about Mastpoint has generally been met with move along nothing to see here. I firmly believe that this 'hope certificate' has never been mentioned and even if the idea that Mastpoint were to get some money depending on promotions had been mentioned by the CPers little or nothing was ever made of it (or perhaps buried beneath good news stories). I don't think for a second it would have passed Baba by or even not been the subject of Postey Vital story if it had been a known agreement.

Why does PL2 Faced keep calling the members of Mastpoint mysterious?

What's feckin mysterious about them? Their names have been out there for anyone to look up for absolutely ages.

It really does seem to matter who you are told the bad guys are sometimes. I'm not saying Todd and Gardener haven't been up to no good but there's a hell of a lot more to all this business than people like us will ever get told about.

PL2 Faced tells everyone Mastpoint has been dissolved and Pasoti goes into a mutual masturbation session, only they weren't dissolved and now have published the accounts required of them

There is a big sting in the tail here I feel, but don't worry, James Brent lipped quivered on Saturday so it's all ok, and the fanfests will continue to pay another of his debts.

Very interesting that bean head has decided to break his silence tonight of all times. Following a call by James?

theres more to this than meets the eye............why drag this up again ? strange.

Greenjock wrote:

There is a big sting in the tail here I feel, but don't worry, James Brent lipped quivered on Saturday so it's all ok, and the fanfests will continue to pay another of his debts.

Important point here...

It is NOT Brents' debt. It is the clubs debt and that debt is to be paid back by the fans.

Brent is only 'underwriting' that debt.

exactly !!!!!!!!!.

brent covers the debt if the fans cant pay it back - plenty of auctions, bucket rattling to come im sure.

Rickler wrote:

Greenjock wrote:

There is a big sting in the tail here I feel, but don't worry, James Brent lipped quivered on Saturday so it's all ok, and the fanfests will continue to pay another of his debts.

Important point here...

It is NOT Brents' debt. It is the clubs debt and that debt is to be paid back by the fans.

Brent is only 'underwriting' that debt.

Although it's the simplest of simple principles I don't think a huge majority of the Brent fan club have actually grasped that point yet.

Lord Aviva wrote:

exactly !!!!!!!!!.

brent covers the debt if the fans cant pay it back - plenty of auctions, bucket rattling to come im sure.

When the winner of the auctions owns a company that lends money at eye watering interest rates and the money from the winnings is lent to the club via the GY's another alarm bell is set off. Not saying anything untoward is happening but a statement clearing up the clubs position with mast point would be welcome.

maybe this a 'cover' for sheridan having no money to spend ?

IjN writes

Quote :

From memory, it was Graham Clark who reported it back from one of the Contingency Plan meetings.

It was certainly no secret, and although it was universally disliked at the CP meeting when it was first discussed at the stage the proceedings were at that time, it really was not a deal stopper.

Was Postey a CPer? Surely if he was he would have known about the Mastpoint stuff yet he posted this way back when that the promotion payments were an unsubstantiated rumour

Quote :

there were reports that Mastpoint negotiated a deal linked to future TV and promotion payments (we don't know for sure if that's true)

It's always interesting some of this stuff back as there was also a question of whether some deal or other was done to nnclude the cost of the relaying the pitch by INscapes into the CVA despite the debt being due from a company not affected by Argyle going under. Another sop perhaps to oil Mastpoint accepting the terms of the admin.

Of course all this and more would come out in the book the Herald reporter (can't remember his name) was supposed to be writing.