More Akkeron Hotels in Admin

Wow. Quite the failure tbf

hmmmmmmmmm, proof?

For proof put 3 w's in front of link below


.caterlyst.com/.../Insight.aspx?n=56...

Cool, yep true, thanks, very interesting......................

PatDunne wrote:

Cool, yep true, thanks, very interesting......................

Could you put the full link up as the one mimi put up I can not find it

No Akkers

The link aint working

Posty's hero appears to be taking one hell of a beating   

Restructuring maybe ?

HD wrote:

The link aint working

Click on Seadog's post.

Tringreen wrote:

Posty's hero appears to be taking one hell of a beating   

Restructuring maybe ?

I expect he regrets that post now   

Czarcasm wrote:

That's why it is extremely bizarre that Graham Clark publicly dismissed Damons notion that a Contingency Group mk2 would be needed, while in private his infamous (not)PM painted a picture that the club was perilously close to another catastrophe.

It doesn't add up. At all.

It is quite simple. I was reassured about the shorter term position including Tony Wrathall's financial support for the football club. It is a matter of public record that the club are seeking additional investment (Martyn Starnes at the Senior Greens meeting). That may or may not affect the longer term position. James Brent assured the other football club Directors, as he legally has to, that events at his hotel group(s) are unconnected with the finances of the football club, and that the football club remains as a going concern. He also has to report on a regular basis to the Football League, following the exit from administration in October 2011 and ensure and reassure that the football club's continuing liabilities, in particular to HMRC, are being met.

The original Contingency Group included a potential purchaser, the Leader of the Council (at the start) and unelected representatives of various supporter's groups and others who put themselves forward to help. We are in a different situation now in that we have two elected supporter bodies in the AFT and the PASB. But for two members I believe they are one of the same. Elected supporter representation is the proper way forward to treat with the football club rather than an unrepresentative and unelected Contingency Group, without any legitimacy, which almost certainly would exclude two essential elements - representatation from the Council and a potential purchaser of part, at least, of the shareholding of the football club.

Like others, for now, I am most content to concentrate on the on-pitch matters and our realistic pursuit of a play off place and an immediate and beneficial cash flow boost to the football club's resources.

Tringreen wrote:

HD wrote:

The link aint working

Click on Seadog's post.

Thanks   

He probably should have liquidated his assets himself before an administrator was needed to do it for him.

Great bit of financial planning there.

Wonder how long before Tarquin/Zenith/Cuthbert/Jemima are pulled out of private school, and the pony put up for sale!

  

Thanks for the info mimi, we are a web site that deals in facts then rumours
and welcome on board

argyl3 wrote:

GOB wrote:

Tgwu wrote:

Developing land for sale, nice green area, near centre, park and ride on door step and Council in pocket

My concern now is that if Brent's game plan is to sell the Club and possibly HHP, what developer would buy it with the slightest consideration for the Club?

Up step Ken Bates???

I too have been thinking this. If not, stapes and dan mccaully.......???

I thought calling the new group of hotels St James's was very apt!   

Graham Clark wrote:

Czarcasm wrote:

That's why it is extremely bizarre that Graham Clark publicly dismissed Damons notion that a Contingency Group mk2 would be needed, while in private his infamous (not)PM painted a picture that the club was perilously close to another catastrophe.

It doesn't add up. At all.

It is quite simple. I was reassured about the shorter term position including Tony Wrathall's financial support for the football club. It is a matter of public record that the club are seeking additional investment (Martyn Starnes at the Senior Greens meeting). That may or may not affect the longer term position.  

All well and good, Graham...

But the question remains... Why didn't Brent take the steps to reassure all of us? To be bitchy... What makes you so special? I think a lot of us know the answer to that.

But to be honest... All Brent has done is throw petrol on the bonfire by basically designating you a 'superfan' and made the jobs of the PASB and AFT that much harder.

Not your fault.

No news on the farm so far, is it because it is a match day?

As I've pointed out when I joined here, I still use pasoti and tbh I do value it but I am surprised there's nothing on there at the mo.

Thank you for the welcome.

Some more facts.

The purchase of forestdale was part funded by a £32 million loan from LLoyds. Because the loan was, cough, 'non performing' Lloyd's offloaded the debt in Nov 13 to a Dutch bank at 62p in the £.... Must have been more than 'non performing' !!!

Lloyd's called this Project East and it was organised by costar finance.com

Here is an excerpt from their website.

Project East also includes 14 remaining Forestdale hotels, which Citibank’s former global head of real estate, James Brent, acquired through his Akkeron Hotels company launched in December 2009 with a mix of equity, deferred payments and a 15-year £32m Lloyds revolving credit facility.

The Forestdale sub portfolio in Project East comprises three-star hotels spread across England, with hotels range in size from 34 bedrooms to 145 bedrooms and are located in towns and cities such as Cambridge, Bristol, Southampton, Winchester and Bath.



Seems all has not been well for a while.

Does this mean that team accommodation for away matches will be over budget?

mimi wrote:

Thank you for the welcome.

Some more facts.

The purchase of forestdale was part funded by a £32 million loan from LLoyds. Because the loan was, cough, 'non performing'   Lloyd's offloaded the debt in Nov 13 to a Dutch bank at 62p in the £.... Must have been more than 'non performing' !!!

Thanks for the information, Mimi (I'm picturing feather boas and stuff here).

Can you explain what this means, though, please? I think I know, but would be grateful for some confirmation.

  

mimi wrote:

Thank you for the welcome.

Some more facts.

The purchase of forestdale was part funded by a £32 million loan from LLoyds. Because the loan was, cough, 'non performing'   Lloyd's offloaded the debt in Nov 13 to a Dutch bank at 62p in the £.... Must have been more than 'non performing' !!!

Lloyd's called this Project East and it was organised by costar finance.com

Here is an excerpt from their website.

Project East also includes 14 remaining Forestdale hotels, which Citibank’s former global head of real estate, James Brent, acquired through his Akkeron Hotels company launched in December 2009 with a mix of equity, deferred payments and a 15-year £32m Lloyds revolving credit facility.

The Forestdale sub portfolio in Project East comprises three-star hotels spread across England, with hotels range in size from 34 bedrooms to 145 bedrooms and are located in towns and cities such as Cambridge, Bristol, Southampton, Winchester and Bath.



Seems all has not been well for a while.

Whilst i'm not doubting you atall just a gentle reminder as a newbie poster on here that you are liable for anything you post and make sure you can back up everything you say should it end up in legal action.

There's been a very targeted effort to silence this place over the last week or so and we are constantly monitored by people close to the club in an effort to shut us down.

That out of the way, welcome to ATD!

Thank you for the welcome and the warning. As a new person here I am not permitted to add web links.

However if someone could google the keywords here

Forestdale, project East, Lloyd's, costar finance etc you will find the proof and can link it to this thread.