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Shareholder loan converted into equity

Discussion in 'Hull City' started by WYT, Sep 9, 2025.

  1. HCAFCHangout

    HCAFCHangout Well-Known Member

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    The comment was in relation to cash flow during the season. I was wrong about the amount. But the sentiment remains the same. Why does it matter when it’s well documented and you’ve been on the side of the fact the club has been losing money at an alarming rate
     
    #221
  2. Benjo

    Benjo Well-Known Member

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    This forum is gutter now mate.
     
    #222
  3. Ric Glasgow

    Ric Glasgow Well-Known Member

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    I'm hardly a paragon of virtue,infact,I can be a bit of a c*nt at times but I agree 100%...
     
    #223
  4. TwoWrights

    TwoWrights Well-Known Member

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    'A bit', must try harder. :emoticon-0138-think


    The views expressed in my posts are not necessarily mine.
     
    #224
  5. Ric Glasgow

    Ric Glasgow Well-Known Member

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    Whatever.
     
    #225
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  6. Jim the Tiger

    Jim the Tiger Well-Known Member

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    I didn't accuse you of doing it. I told you that I didn't care what you believe and you were free to believe whatever you like and if you would like to you could suck Acuns dick. The same applies to anyone. It would be a lovely way for you to thank him for adjusting the accounts and making it look like he has helped the club when in fact we are equally as skint this Friday as we were last Friday.

    Stop being so precious, nobody cares if you believe them or not. It's a forum.
     
    #226
  7. balkan tiger

    balkan tiger Well-Known Member

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    Seeing as I have never even met the bloke suggesting I can go suck his dick whenever I want or as some say lick his arse is rather stupid on your/their part.

    I see you have switched the subject from the questioning of the non payment of local businesses, an unproven allegation to the confirmed and shown 15 million investment, debt right off call it as you wish but it has certainly helped the club financially.
     
    #227
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  8. Gone For A Walk

    Gone For A Walk Well-Known Member

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    We are not skint. <doh>
     
    #228
  9. Drew

    Drew Well-Known Member

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    How do you know this?
     
    #229
  10. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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    Then why haven't the bills been getting paid?
     
    #230
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  11. bradymk2

    bradymk2 Well-Known Member

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    So if we dont have cash problems
    Is acun just purposefully acting a prick then?
     
    #231
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  12. Jim the Tiger

    Jim the Tiger Well-Known Member

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    It's 'write off' if we are going to keep things factual.
    And I've not switched any subject. The guy is a chancer and I've seen and heard enough to make my mind up on that. I'm sure you believe that 14.5 million 'right off' is the golden egg and that everything is now rosy. Honestly, just enjoy it. I wish I could be so quick to believe the lying Turk. I'm embarrassed I ever fell for it but then again that won't bother you because I'm just one of those trouble causing liars who wants to be negative when we should all be celebrating the fact the great leader has bestowed us with his generosity.
     
    #232
  13. Jim the Tiger

    Jim the Tiger Well-Known Member

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    We can't be skint, the club made a social media post saying we now owe millions less than before. That makes us cash rich. Doh.
     
    #233
  14. Gone For A Walk

    Gone For A Walk Well-Known Member

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    <doh><doh><doh>
    I'm honestly trying just to skim read nowadays and not react. But for crying out loud.
     
    #234
  15. Steven Toast

    Steven Toast Well-Known Member

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    He's written off some debt by converting it.

    So, two things I'd like answered:

    1)If he hadn't done that, what would have happened? If the answer is "nothing", which is what would happen in that scenario if we were in a healthy financial state, then why did he do it?

    2) That amount of £14.5m, assuming it goes into the club's coffers to pay for everything along with the TV money and any prize money/transfer fees that also get put in there, doesn't even cover our wage bill.

    So, what happens when it runs out? Because according to our wage structure (at least what we can piece together) across the club, the expenses we're aware of via accounts (policing, pitch improvements, catering etc) and money owed to other clubs for transfers we made last season, lawsuits from fans who have to listen to the PA system in the South Stand as it rattles their brain, will happen some time around Easter.
     
    #235
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  16. balkan tiger

    balkan tiger Well-Known Member

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    As I've said before all but a handful of clubs run at a loss, one way or another someone somehow has to make up the shortfall. Even if the club has no actual extra cash and the investment has just reduced the debt then surely that is a good thing isn't it?

    Last time I asked Google I think it was all but 6 of the 92 football league club were running in the red.
     
    #236
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  17. Steven Toast

    Steven Toast Well-Known Member

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    please log in to view this image
     
    #237
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  18. originallambrettaman

    originallambrettaman Mod Moderator
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    No money’s gone into the club coffers, he’s written off debt. The amount of cash we have now, is exactly the same as the amount of cash we had before the debt was written off.
     
    #238
  19. Gone For A Walk

    Gone For A Walk Well-Known Member

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    I honestly thought you had a reasonable understanding of these things Steven. From your post and questions, you clearly don't.
    I suggest you simply re-read (or read) the club's statement.
     
    #239
  20. Jim the Tiger

    Jim the Tiger Well-Known Member

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    Twirls are the most underrated chocolate bar since caramac. They're the chocolate equivalent of Deacon Blue.
     
    #240
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