(22-01-2020, 19:43)Devongone Wrote:

(22-01-2020, 18:52)spireitematt Wrote: We need an absolute miracle. This does not look good.

https://www.chesterfield-fc.co.uk/news/20202/january/20200122-statement-re-accounts/

But it is the same miracle we've needed since Dave Allen tied us to him with debt. We are not worth the amount we owe. A normal business would be dead in the water.

Even if we could miraculously develop a young player worth £10 million we couldn't get that to clear our debt because every potential buyer would realise we'd have to accept a way lower offer. Euromillions does indeed seem the only hope. I don't buy a ticket until it goes above £30 million, then I could buy Chesterfield and do everything else I want without ever worrying about finances again. £2 million to Orang Utans … same to save the tiger, £1 million for glue for Extinction Rebellion.

(22-01-2020, 20:22)Dancingwilldoit Wrote:

(22-01-2020, 13:58)Devongone Wrote: What was the Trust's motive in raising  fans' hopes if their funding was in serious doubt? Wouldn't we have been better off without their intervention and the false hope? In other circumstances they'd have been condemned as time wasters.

If we want to stay up Saturday's game against Fylde looks vital. We've always beaten them when it didn't matter, but I remain doubtful that we can do it when it does.

Pemberton does seem to be opting for a simple, winning strategy and he was unlucky in his treatment at Kidderminster ….. where he apparently drove 50,000 miles scouting out new players for his impoverished club only to be sacked when green shoots of promise began to emerge. If he were prepared to put in such efforts to find us players on the cheap and we adopted that as our way forward I wouldn't mind if our regeneration took place where we are or in the National North. BUT we need something on the field to complement our facilities to attract a buyer so DA can step away.

Good to see you back Dev, hope all is well.
From what I understand the Trust had promises of funding in place to buy the club with borrowings from other sources to fund ongoing budgets. For whatever reason 1 of those secondary funders changed their mind (could have been the figure of JS payoff at circa £150k being added on that scared them).
Hopefully it is just a delay. We wont drop down again with Pemburton at the helm but it wouldnt surprise anybody if we offer the job to somebody else.

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Matt,
If the takeover goes through those accounts will be superfluous. The debt to DA will be written off.

(22-01-2020, 20:39)spireitematt Wrote:

(22-01-2020, 19:43)Devongone Wrote:

(22-01-2020, 18:52)spireitematt Wrote: We need an absolute miracle. This does not look good.

https://www.chesterfield-fc.co.uk/news/20202/january/20200122-statement-re-accounts/

But it is the same miracle we've needed since Dave Allen tied us to him with debt. We are not worth the amount we owe. A normal business would be dead in the water.

Even if we could miraculously develop a young player worth £10 million we couldn't get that to clear our debt because every potential buyer would realise we'd have to accept a way lower offer. Euromillions does indeed seem the only hope. I don't buy a ticket until it goes above £30 million, then I could buy Chesterfield and do everything else I want without ever worrying about finances again. £2 million to Orang Utans … same to save the tiger, £1 million for glue for Extinction Rebellion.

Who would want to buy Chesterfield FC? Unless they are a fan or a fan of football. I agree the debt has always been owed to Dave Allen but the debt keeps on increasing. How can the club and clubs like ours survive when big losses are occurring at clubs. People seem to think that Bury was a one off but I believe a lot of other clubs in the Football League and Non-League will go the same way. I agree a normal business would have gone a long time ago.

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(22-01-2020, 20:22)Dancingwilldoit Wrote:

(22-01-2020, 13:58)Devongone Wrote: What was the Trust's motive in raising  fans' hopes if their funding was in serious doubt? Wouldn't we have been better off without their intervention and the false hope? In other circumstances they'd have been condemned as time wasters.

If we want to stay up Saturday's game against Fylde looks vital. We've always beaten them when it didn't matter, but I remain doubtful that we can do it when it does.

Pemberton does seem to be opting for a simple, winning strategy and he was unlucky in his treatment at Kidderminster ….. where he apparently drove 50,000 miles scouting out new players for his impoverished club only to be sacked when green shoots of promise began to emerge. If he were prepared to put in such efforts to find us players on the cheap and we adopted that as our way forward I wouldn't mind if our regeneration took place where we are or in the National North. BUT we need something on the field to complement our facilities to attract a buyer so DA can step away.

Good to see you back Dev, hope all is well.
From what I understand the Trust had promises of funding in place to buy the club with borrowings from other sources to fund ongoing budgets. For whatever reason 1 of those secondary funders changed their mind (could have been the figure of JS payoff at circa £150k being added on that scared them).
Hopefully it is just a delay. We wont drop down again with Pemburton at the helm but it wouldnt surprise anybody if we offer the job to somebody else.

---

Matt,
If the takeover goes through those accounts will be superfluous. The debt to DA will be written off.

That's if a takeover happens Dancing.

(23-01-2020, 17:14)Devongone Wrote: NATHAN TYSON - isn't he older than me?  WHAAAAT?

I have to do probate ……. so any move is while away. If it were Chesterfield I've always fancied a little cottage in Holymoorside - just me and the cat. And I've always liked Belper or maybe Ashbourne.