New owner confirmed…

it was on the radio humberside FB page too

 

Bloody Hell, I'm not on FB either

 

I really do think you need to stop now unless you can tell me how to convert the purchase of shares in a company into a loan and what the gain would be if you could.

 

I'm not on twitter either but I could see it fine. It asks me to log in but I click X in the corner and it's there.

 

Thanks Plum, I'll give it a go

 

Who cares about the debt

 

Maybe ask Mr Allam?!! I really don't get why some are finding such a simple concept so hard to grasp and accept. Let's just wait and see the accounts when they are published eh.

 

Will see if I can get it on to a Betamax tape & get a carrier pigeon to drop it around!

 

She used to sit with us in Tuns, my mate spent a few weeks trying to get to know her better, but to no avail, never seen her since then, don’t think it’s because of my mate though.

 

Because this simple “concept” doesn’t work.
Allamhouse loaned the club money.
It did not and could not convert the money paid to buy the shares of both the club and SMC into loans.
You are wrong, that is the simple concept and no matter how many times you will get told it, you will not accept it.
If I am wrong don’t push the same ****e, tell me how it works!

 

She is. I used to travel on supporters club coaches many years ago

 

I'm not debating further and I'm not providing you with the exact sequence of double entry bookkeeping entries! The accounts will almost certainly show a debt of £20 to £30 million owed to Acun Media. I'm tired of this now so others must be. Let's come back to it when the accounts are published. The end.

 

You really aren't grasping this are you

 

I reckon I'll be head hunted by NASA if can keep this up

 

Nobody will know for certain until we see accounts, thats the point I've been making since he's been going on about it. Allams may be correct that when they handed over the keys we where debt free with money in the bank. The money used to buy us may not be lumped on to the club so again we would be debt free and the money used to buy the club might be attached to the club and we will be a club in debt again.... You know full well that it all depends how it's been financed. He's just letting his feelings towards the Allams blinker him.

You and him may be right and you may be wrong. There is a fair few different ways this could have all been financed and they only thing we can probably almost be certain of is that it will be done in the way the benefits Acun etc the most

 

Just like buying a car, even if you have the cash to do so sometimes it can be better to take out a loan off someone else. Then when you take into account tax breaks and write offs, why would you spend your own money?

 

Forgive me here .. and I am not trying to start any argument, but weren't we in debt to Allamhouse to the tune of 20-30 million at the publication of last accounts ? No matter how it's dressed up, it's a debt. The purchase price I assume covered that alleged debt, so this is now transferred (dependent on how the sale has been funded)? Or am I over simplifying things here ?

 

Do we actually give a ****...!!!!!! we had a debt, we gave it back and we have a new debt.... all this **** has spoiled what has been an epic week for the club... as has been said FFS Let it Go!!!!!

 

I really couldn't care less how it's financed, GFAW just doesn't seem to want to move on