Billy bodger wrote:If this continues and his intransigence in the way he treats our Club and not willing to sell as of yet, means he must be losing money and if DA cannot work his magic, (plenty of time, don’t worry), and the unthinkable happens who will pay any type of proper money for the club? (Not what he wants anyway!!).
P/T Indie wrote:I agree he's trying to get through sarbjots high offer while trying to pay out as little as possible in the short-term.
If we went under maybe he could claim bankruptcy and get all his debts from Worcester wiped out.
BerlinWaller wrote:As long as the club is repaying the high interest loans to Whittingham and he can the pay mortgage he has taken out, he won't be in a rush to go anywhere unless he gets a silly offer. It is money for nothing for him, he is using our club to print money. I think that we should start looking at a Blackpool Not A Penny More protest to try and cut the head off the snake.
BerlinWaller wrote:As long as the club is repaying the high interest loans to Whittingham and he can the pay mortgage he has taken out, he won't be in a rush to go anywhere unless he gets a silly offer. It is money for nothing for him, he is using our club to print money.
BerlinWaller wrote:I think that we should start looking at a Blackpool Not A Penny More protest to try and cut the head off the snake.
BerlinWaller wrote:As long as the club is repaying the high interest loans to Whittingham and he can the pay mortgage he has taken out, he won't be in a rush to go anywhere unless he gets a silly offer. It is money for nothing for him, he is using our club to print money. I think that we should start looking at a Blackpool Not A Penny More protest to try and cut the head off the snake.
Keith wrote:BerlinWaller wrote:As long as the club is repaying the high interest loans to Whittingham and he can the pay mortgage he has taken out, he won't be in a rush to go anywhere unless he gets a silly offer. It is money for nothing for him, he is using our club to print money.
But do we know that to be the case? I thought we were debt free? And, any new loans would have to be approved by the Board of Directors, so they [presumably] wouldn't take on any loans that weren't at the market rates? Would any loans from Whittingham or his businesses show up on publicly available accounts?BerlinWaller wrote:I think that we should start looking at a Blackpool Not A Penny More protest to try and cut the head off the snake.
The problem there is, we'd be reducing the cash-flow for the club. The BoD have said Whittingham can't take any money out of the club, so not buying a pie or going for a pint in JB's is just hurting us?
I'd love us to be able to do *something*, I'm just not sure what we can do without harming ourselves?
black morse wrote:Meanwhile the clock is ticking. 2 weeks till the transfer deadline.
BerlinWaller wrote:black morse wrote:Meanwhile the clock is ticking. 2 weeks till the transfer deadline.
I don't think we will be paying many transfer fees and Free Agents can be signed after the deadline.
BerlinWaller wrote:Keith wrote:BerlinWaller wrote:As long as the club is repaying the high interest loans to Whittingham and he can the pay mortgage he has taken out, he won't be in a rush to go anywhere unless he gets a silly offer. It is money for nothing for him, he is using our club to print money.
But do we know that to be the case? I thought we were debt free? And, any new loans would have to be approved by the Board of Directors, so they [presumably] wouldn't take on any loans that weren't at the market rates? Would any loans from Whittingham or his businesses show up on publicly available accounts?BerlinWaller wrote:I think that we should start looking at a Blackpool Not A Penny More protest to try and cut the head off the snake.
The problem there is, we'd be reducing the cash-flow for the club. The BoD have said Whittingham can't take any money out of the club, so not buying a pie or going for a pint in JB's is just hurting us?
I'd love us to be able to do *something*, I'm just not sure what we can do without harming ourselves?
Yes, it is the case. Just look through the accounts and it has been mentioned many times. Jason funds the club via loans. It is there in black and white on CH. How do you think he funds the club? He borrows, then lends it us at a higher rate than he borrowed it and puts the ground that he doesn't own up as security.
If the club can't pay off the loans owed to Jason then in turn he can't pay off the Mortgage taken out to fund the loan. It breaks the never ending chain that allows Whittingham to fleece the club.
Keith wrote:I thought we were debt free?
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