Are Clouds Beginning to Gather Once Again at Home Park?

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more propaganda from the reluctant one, so clearly short sighted and will never understand football in a million years. Has he somehow acquired the Brerald into his empire too?

BRENT OUT!!!

Pafcintheplace wrote:

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more propaganda from the reluctant one, so clearly short sighted and will never understand football in a million years. Has he somehow acquired the Brerald into his empire too?

BRENT OUT!!!

There be nothing controversal written about brent while erringtons the chief football writer as his Mrs works for the club so other than the usual football stuff thats it

Pafcintheplace wrote:

sufferedsince 68 wrote:

Five years ago the club would have better off folding and starting again, Brent free, Jamboy free, one member one vote Trust run club. Anything would be better than just stagnaiting in the fourth divison in a rotten negelected stadium with a directors box full of lickers chancers and the very sad.

You are utterly right, I have long thought PAFC would be in a stronger position starting again rather than used and abused by JB and his bum chums

A Fan run Club would need strong leadership with very thick skin.....we tend to prefer knocking things down rather than building things up, so agreeing a course of action would end up with splinter groups going ...north, south, east & west.....why build something when it easier to criticize and rubbish other peoples actions....now we could find many able to do that.

I'm not sure I would want to support a new club playing on a local Rec ground with borrowed kit from the local Oxfam shop.

zyph wrote:

Pafcintheplace wrote:

sufferedsince 68 wrote:

Five years ago the club would have better off folding and starting again, Brent free, Jamboy free, one member one vote Trust run club. Anything would be better than just stagnaiting in the fourth divison in a rotten negelected stadium with a directors box full of lickers chancers and the very sad.

You are utterly right, I have long thought PAFC would be in a stronger position starting again rather than used and abused by JB and his bum chums

A Fan run Club would need strong leadership with very thick skin.....we tend to prefer knocking things down rather than building things up, so agreeing a course of action would end up with splinter groups going ...north, south, east & west.....why build something when it easier to criticize and rubbish other peoples actions....now we could find many able to do that.

I'm not sure I would want to support a new club playing on a local Rec ground with borrowed kit from the local Oxfam shop.

A good job AFC Wimbledon didn't have that negatively janner mentality

Dont soil the debate by mentioning the fa cup stealing scum !
Afc havent had a crap season yet, when they do theyll plummet like a stone.

Reading Brents comments to the Herald, it's almost as if profit is more important than football, lucky us Janners can trust him to do/vote for what's best for Argyle, so lets back the fine gentleman and get behind him.

Just be bloody grateful...... Ffs

So how much remains to be paid on the Football Creditor debt and who's going to pay it?

My guess is that whoever/however the FC debt is paid it'll just be in the form of another debt for which the football club, rather than JB personally, will be liable for.

Strange how JB thinks payment of rent (for the ground) is a bad thing whereas paying interest on a loan is good?

It's also odd that JB is supposedly a financial whiz kid yet he can't make a club with one of the best attendances in the division and an allergy to paying transfer fees, make a profit?

Grovehill wrote:

So how much remains to be paid on the Football Creditor debt and who's going to pay it?

My guess is that whoever/however the FC debt is paid it'll just be in the form of another debt for which the football club, rather than JB personally, will be liable for.

Strange how JB thinks payment of rent (for the ground) is a bad thing whereas paying interest on a loan is good?

It's also odd that JB is supposedly a financial whiz kid yet he can't make a club with one of the best attendances in the division and an allergy to paying transfer fees, make a profit?

I think he is a financial whiz kid Grovehill, he seems to have made plenty of money out of Plymouth and Torbay council.

Grovehill wrote:

So how much remains to be paid on the Football Creditor debt and who's going to pay it?

My guess is that whoever/however the FC debt is paid it'll just be in the form of another debt for which the football club, rather than JB personally, will be liable for.

Strange how JB thinks payment of rent (for the ground) is a bad thing whereas paying interest on a loan is good?

It's also odd that JB is supposedly a financial whiz kid yet he can't make a club with one of the best attendances in the division and an allergy to paying transfer fees, make a profit?

The council loan is secured against the land that Brent bought next to the stadium but is payable by Argyle.

Some of the loan was used to pay up creditors in advance at a lower rate than they were entitled to so by taking it on the club will have saved some money.

Not all of the creditors accepted the deal though and they will have to be paid in full when the 5 years is up.

So the FC debt has not gone away or been cleared but translated into a smaller debt to be paid by the club over a longer period.

Hi, new to this forum. Getting very disturbed by the bias I'm reading on pasoti, specifically the site admin. I've no axe to grind with anyone. I just want reassurance from our owner that were not going to be asset striped as a result of purchasing the freehold.
Am I right that the clubs biggest asset ( the fans ) haven't been consulted in any way over this possible purchase?
Has there been any explanation whatsoever on how such a purchase is to be funded?
And what the hell is the farm? Is this pasoti? If so why?
Cheers

We've been asset stripped already.

The club hasn't consulted anybody that we know of.

There has been no suggestion with any meaningful detail as to how this will be funded.

The Farm is Pasoti. Think Orwell. I'll leave it to Tringy to explain further should he wish to.

Interesting post from Damon Lenszner on Free Chat. How many mortgages would HP attract?

Damon on Facebook wrote:

There are four mortgage charges that James Brent has ALREADY applied to HHP (land adjoining Home park).  All these are PUBLIC DOCUMENTS available free from Companies House

Two are in favour of Lombard, two are in favour of PCC. The charges relate to overage payments (payments over an agreed profit level) to be made to Lombard and PCC following development of HHP and reflect continuing security obligations of the Football Club and HHP Nominee Ltd to both PCC and Lombard. He was able to do it because HHP was not part of the lease of Home park but rather land owned initially by the football club and latterly HHP Nominee Ltd (although not shown in their accounts as such)

The mortgage charges demonstrate how property can be  used to secure actual or future liabilities. We should remember that HHP was once owned by the Football Club until bought by HHP Nominee Ltd. These are examples of what has ALREADY happened when using land as security within a James Brent owned company.

The above is of course in addition to HHP being used a security for the £800k football creditor loan (5 years at 4.88%)

Correct me if I'm wrong but whilst this was in the public domain its the first time I've ever heard about it......?? I was aware of the 800k numbers but nothing else

harvetheslayer wrote:

Correct me if I'm wrong but whilst this was in the public domain its the first time I've ever heard about it......??  I was aware of the 800k numbers but nothing else

The £800,000 loan to pay off the football creditor debt was securitised against the HHP land for one

Frank Bullitt wrote:

Interesting post from Damon Lenszner on Free Chat. How many mortgages would HP attract?

Damon on Facebook wrote:

There are four mortgage charges that James Brent has ALREADY applied to HHP (land adjoining Home park).  All these are PUBLIC DOCUMENTS available free from Companies House

Two are in favour of Lombard, two are in favour of PCC. The charges relate to overage payments (payments over an agreed profit level) to be made to Lombard and PCC following development of HHP and reflect continuing security obligations of the Football Club and HHP Nominee Ltd to both PCC and Lombard. He was able to do it because HHP was not part of the lease of Home park but rather land owned initially by the football club and latterly HHP Nominee Ltd (although not shown in their accounts as such)

The mortgage charges demonstrate how property can be  used to secure actual or future liabilities. We should remember that HHP was once owned by the Football Club until bought by HHP Nominee Ltd. These are examples of what has ALREADY happened when using land as security within a James Brent owned company.

The above is of course in addition to HHP being used a security for the £800k football creditor loan (5 years at 4.88%)

Interesting? That's more like the Full Crikey!

Makes me wonder what that parcel of land is valued at... It must be at least £800k because the council loan is only one of the 4 mortgages.

[quote="Frank Bullitt"]Interesting post from Damon Lenszner on Free Chat. How many mortgages would HP attract?

Last time there were four, to the best of my knowledge. Think I've got copies somewhere...