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New owner confirmed…

Discussion in 'Hull City' started by Hutch-tiger69, May 30, 2016.

  1. Happy Tiger

    Happy Tiger Well-Known Member

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    Yeah wtf TOM?

    Ta for the answer btw. Not sure Ida fancied trotting up and down Chesil beach when I was young and fit with scuba gear let alone now.
     
    #8401
  2. fullcircle

    fullcircle New Member

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    Sorry if this is going over old ground , but what is to stop the allarms converting debt owed to them into bank loans, making a big a profit as possible this year then walking away in the summer for whatever they can sell the club for ?
     
    #8402
  3. originallambrettaman

    originallambrettaman Mod Moderator
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    Nothing, other than no bank would lend them enough to cover their entire existing debt, it would be too risky.

    They could certainly switch a fair bit of it though, that's what's concerning about the loan against future Premier League income.

    It could be Bartlett all over again.
     
    #8403
  4. Tiger40

    Tiger40 Member

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    I certainly is. Best hobby I ever took up
     
    #8404
  5. fullcircle

    fullcircle New Member

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    If it is bartlett mark 2, what position does that leave the club in, liquidation or receivership ? Could the fans get together to take it on or would we need a.p. with a backer ?
     
    #8405
  6. Obadiah

    Obadiah Well-Known Member

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    Its illegal and they could end up in prison.
     
    #8406
  7. originallambrettaman

    originallambrettaman Mod Moderator
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    Converting their debt to bank debt and then selling the club wouldn't be illegal, not unless they hid the fact from the buyer.
     
    #8407
  8. Obadiah

    Obadiah Well-Known Member

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    Nothing to do with the buyer.
     
    #8408
  9. originallambrettaman

    originallambrettaman Mod Moderator
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    It's not illegal for them to offload their debt to a bank, in fact they may well have just done so.
     
    #8409
  10. Happy Tiger

    Happy Tiger Well-Known Member

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    If they leave us in the same state we were when they stepped in, considering the promotions and cup runs, surely on balance we're up and just back to normal for us?
     
    #8410

  11. originallambrettaman

    originallambrettaman Mod Moderator
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    It would make them even bigger ****s for rejecting the Lee and Grieve bids, which would have given them their money back, while also leaving us in a good position.
     
    #8411
  12. Obadiah

    Obadiah Well-Known Member

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    If you say so. I'll continue to believe it is. If they have they may well end up in prison. Although I'm pretty sure their legal advisors will have told them that if asked.
     
    #8412
  13. Happy Tiger

    Happy Tiger Well-Known Member

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    The people who hate them couldn't hate them more and they've said they want them gone at any cost.

    I suspect they're lying.

    I suspect they want them gone after leaving us in a better place than when they stepped in but don't want to give any credit to them for that.

    After all, they're entitled to expect that.
     
    #8413
    Chazz Rheinhold likes this.
  14. originallambrettaman

    originallambrettaman Mod Moderator
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    Personally, I'd take administration to see them gone.

    Still wouldn't change the fact that they're a pair of ****s for doing it though.
     
    #8414
    Kempton, Doug, Tiger40 and 2 others like this.
  15. originallambrettaman

    originallambrettaman Mod Moderator
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    I've have no idea what you're talking about, it's not illegal to take out a bank loan ffs.
     
    #8415
  16. Happy Tiger

    Happy Tiger Well-Known Member

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    You sure?

    I'm worried as **** here. Is my car safe??
     
    #8416
  17. Obadiah

    Obadiah Well-Known Member

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    I know you have no idea what I'm talking about. In certain circumstances it is illegal to take out a bank loan or any other type of loan.
     
    #8417
  18. PLT

    PLT Well-Known Member

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    This may have been my fault.

    TOMs post had tried to quote a question he was responding to but messed the tags up a bit, I tried to edit it as I sometimes to do to fix the tags and make it appear correctly, but quickly realised the codes were ****ed up beyond repair and changed my mind, but left no sign of the original attempt at a quote.
     
    #8418
    The Omega Man likes this.
  19. The Omega Man

    The Omega Man Well-Known Member

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    WTF?! PLT! WFT? Its my fault actually, I should not have edited HP's post. Ta for trying, but they should have read through the threads.
     
    #8419
    ImperialTiger likes this.
  20. Happy Tiger

    Happy Tiger Well-Known Member

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    You edited my post?

    WTF?

    W T F !

    Stop trying to oppress me!
     
    #8420

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