Argyle debts

Is this a joke?

We got a player driving a ferrari and we cant pay debts. Wtf ! Brent go now you *********

Shorley, a new low?      

I had to read the Erald link twice. I couldn't quite believe what I was reading!! I really have just about a gut-full of this perpetual Brent & Co shite.

Shut em down, lock the gates, sell the land to Tesco. Shut it all down and start again. Argyle FC of Plymouth?

There's mass orgasm on the farm and they believe this is a good thing.

I fail to see how borrowing more money is anything but a bad thing.

Feel free to correct me on how it's a good thing.

Normally I would check the other site but I just can't bring myself tonight. I've never gone this far into the season without even listening to live commentary and tomorrow I'll be out with the family.

I'll be at Wimbledon but if only for the supporters bar.

Lets hope this is not a done deal, and the offer of a loan goes the same way as the ministand non development. Brent Out!

Have I got this right? By only repaying half the outstanding debt (£700k) the club saves £700k for the cost of the interest, around £35k.

Hang on a mo correct me if I`m wrong but didnt the creditors (non football) agree to 0.77p in the pound and now we are offering to pay them only half of that again. So if I`m right we are only now offering 0.39p in the pound.

Isn't this actually a good deal for the club ? Wouldn't the club have done some groundwork with some of the FC creditors to accept 50% now as full payment before this deal was signed, if there is an agreement then this sounds like a good deal ?
There's no obligation on the FC's to accept anything but full payment but if a deal with some has already been made, that's got be good for the club hasnt it ?

lawnmowerman wrote:

Hang on a mo correct me if I`m wrong but didnt the creditors (non football) agree to 0.77p in the pound and now we are offering to pay them only half of that again. So if I`m right we are only now offering 0.39p in the pound.

I think it's referring to FC's

Graiser wrote:

Isn't this actually a good deal for the club ? Wouldn't the club have done some groundwork with some of the FC creditors to accept 50% now as full payment before this deal was signed, if there is an agreement then this sounds like a good deal ?
There's no obligation on the FC's to accept anything but full payment but if a deal with some has already been made, that's got be good for the club hasnt it ?

This deal is effectively bypassing the Football Creditors Rule that all debts must be paid in full.

If the FA & FL have sanctioned this (which I doubt) then the HMRC will be licking their lips

green_genie wrote:

Graiser wrote:

Isn't this actually a good deal for the club ? Wouldn't the club have done some groundwork with some of the FC creditors to accept 50% now as full payment before this deal was signed, if there is an agreement then this sounds like a good deal ?
There's no obligation on the FC's to accept anything but full payment but if a deal with some has already been made, that's got be good for the club hasnt it ?

This deal is effectively bypassing the Football Creditors Rule that all debts must be paid in full.

If the FA & FL have sanctioned this (which I doubt) then the HMRC will be licking their lips

It's not clear though is it, the FC's don't have to accept any deal but if some do doesn't that reduce the volume of FC's and the amount of debt ?

Person Of Interest wrote:

Shorley, a new low?      

I had to read the Erald link twice. I couldn't quite believe what I was reading!! I really have just about a gut-full of this perpetual Brent & Co shite.

Shut em down, lock the gates, sell the land to Tesco. Shut it all down and start again.  Argyle FC of Plymouth?

I have just read the report, what a shambolic situation it is for Argyle.

Why don't the Council just run the club on a full time basis and be done with it, as they have also said that they may help fund the new Granstand. If PCC took control of the club (if they are allowed to do that), it could pave the way for Brent's departure....

Why didn't Brent use his own money to loan the club?

Nothing like putting it where your mouth is.

Rickler wrote:

Why didn't Brent use his own money to loan the club?

Nothing like putting it where your mouth is.

I'm no expert at all, but if he owns the land that's being used as collateral does that count as putting money in ?

Why didnt PCC just buy the Club ? They have in all but name .

greengenes wrote:

Why didnt PCC just buy the Club ? They have in all but name .

Don't think they'd be allowed to, but I can see them funding the stand

How much is all of this going to cost in rent increases for the club?

Graiser wrote:

Rickler wrote:

Why didn't Brent use his own money to loan the club?

Nothing like putting it where your mouth is.

I'm no expert at all, but if he owns the land that's being used as collateral does that count as putting money in ?

Erk alors!

No.

This is getting out of hand - it's like a sketch from dumb & dumber, just what convoluted shite are they coming up with next? This guy is a man of straw!!

Rickler wrote:

Graiser wrote:

Rickler wrote:

Why didn't Brent use his own money to loan the club?

Nothing like putting it where your mouth is.

I'm no expert at all, but if he owns the land that's being used as collateral does that count as putting money in ?

Erk alors!

No.

What if the club defaulted

VillageGreen wrote:

Person Of Interest wrote:

Shorley, a new low?      

I had to read the Erald link twice. I couldn't quite believe what I was reading!! I really have just about a gut-full of this perpetual Brent & Co shite.

Shut em down, lock the gates, sell the land to Tesco. Shut it all down and start again.  Argyle FC of Plymouth?

I have just read the report, what a shambolic situation it is for Argyle.

Why don't the Council just run the club on a full time basis and be done with it, as they have also said that they may help fund the new Granstand. If PCC took control of the club (if they are allowed to do that), it could pave the way for Brent's departure....

shambolic for quite some time this is just the latest........................

its embarrassing being associated with this.

VillageGreen wrote:

Person Of Interest wrote:

Shorley, a new low?      

I had to read the Erald link twice. I couldn't quite believe what I was reading!! I really have just about a gut-full of this perpetual Brent & Co shite.

Shut em down, lock the gates, sell the land to Tesco. Shut it all down and start again.  Argyle FC of Plymouth?

I have just read the report, what a shambolic situation it is for Argyle.

Why don't the Council just run the club on a full time basis and be done with it, as they have also said that they may help fund the new Granstand. If PCC took control of the club (if they are allowed to do that), it could pave the way for Brent's departure....

shambolic for quite some time this is just the latest........................

its embarrassing being associated with this.

The future looks exciting, so says Starnes.

What future delights await the greens they will ask, what future scenarios will play out they will cry, where is the club going they will murmur.


A thrice of concerns like the above would certainly put any (and every) decent football fan in a spin, but with Argyle fans, it is taken with the decorum it is justified by. Before all hell is unleased and old wounds reopened..

Talking of Starnes, i wonder if he has got ideas on taking control from James Brent and James Brent then takes a lesser and lesser role within the club until he silently disappears forever ....

Yea Man wrote:

How much is all of this going to cost in rent increases for the club?

I'm sure they'll find a way to give another massive discount on that, YM.