Re: Matthew Ellis Takeover : Mon May 22, 2023 1:12 pm  

financialtimes wrote:

A quick search on companies house shows that currently MC & JM are directors in one registered company only and that is "Spirit of 1873 LTD" no other company, so if there is a so called management company looking after the stand, its either listed as a charity or neither of these 2 guys are on the BOD of it.

this is correct BUT the trustees of 1873 are, yes you guessed it jm and mc. This apparently was done to stop anyone doing what manny did to the club, however when and if the new owner buys the club as trustees they can charge a rent for which they are asking 200 grand a year to use the stand, add to that 200 grand a year repayment to the council, the directors loans which they are realy in no position to take and I'm also led to believe we took a massive covid loan which mc said we didn't. If the new owner pulls this deal then jm and mc are left to pay the bills and as I look at the current situation we're skint.

[PopTart]

Re: Matthew Ellis Takeover : Mon May 22, 2023 1:25 pm  

MOPSEY LIVES ON wrote:

this is correct BUT the trustees of 1873 are, yes you guessed it jm and mc. This apparently was done to stop anyone doing what manny did to the club, however when and if the new owner buys the club as trustees they can charge a rent for which they are asking 200 grand a year to use the stand, add to that 200 grand a year repayment to the council, the directors loans which they are realy in no position to take and I'm also led to believe we took a massive covid loan which mc said we didn't. If the new owner pulls this deal then jm and mc are left to pay the bills and as I look at the current situation we're skint.

There are 4 trustees.
And they do not personally receive money if they charge the club rent.
There have been other trustees who resigned when they gave up their shares in WT.

I have no idea of the details, but it still sounds like someone causing mischief by twisting some pretty standard facts.

Re: Matthew Ellis Takeover : Mon May 22, 2023 1:43 pm  

MOPSEY LIVES ON wrote:

this is correct BUT the trustees of 1873 are, yes you guessed it jm and mc. This apparently was done to stop anyone doing what manny did to the club, however when and if the new owner buys the club as trustees they can charge a rent for which they are asking 200 grand a year to use the stand, add to that 200 grand a year repayment to the council, the directors loans which they are realy in no position to take and I'm also led to believe we took a massive covid loan which mc said we didn't. If the new owner pulls this deal then jm and mc are left to pay the bills and as I look at the current situation we're skint.

Being a trustee is not the same as being a director, "Spirit of 1873" is the company that holds all the assets listed (and liabilities) at WF1 5EY,
You're making up a scenario for an agenda that doesn't exist, the only way that a separate company could demand what you're suggesting, is that if that company held the asset of the stand, which it doesn't. Trust me I'm no MC lover and he's probably the main reason I no longer attend games, sponsor players, purchase season tickets, contribute to commit 6 and play for the PDRL team or have anything to do with the club & community trust as a whole.
But there is some mischief going on here, there's a clear light at the end of the tunnel and some are wanting to throw boulders in the way.
The truth will out! as they say.

Re: Matthew Ellis Takeover : Mon May 22, 2023 1:44 pm  

PopTart wrote:

There are 4 trustees.
And they do not personally receive money if they charge the club rent.
There have been other trustees who resigned when they gave up their shares in WT.

I have no idea of the details, but it still sounds like someone causing mischief by twisting some pretty standard facts.

I'm telling you the truth if you do not believe thats your choice, I can't make you believe me but get ready if this deal.goes under cause things could get a whole lot worse

Re: Matthew Ellis Takeover : Mon May 22, 2023 1:46 pm  

financialtimes wrote:

Being a trustee is not the same as being a director, "Spirit of 1873" is the company that holds all the assets listed (and liabilities) at WF1 5EY,
You're making up a scenario for an agenda that doesn't exist, the only way that a separate company could demand what you're suggesting, is that if that company held the asset of the stand, which it doesn't. Trust me I'm no MC lover and he's probably the main reason I no longer attend games, sponsor players, purchase season tickets, contribute to commit 6 and play for the PDRL team or have anything to do with the club & community trust as a whole.
But there is some mischief going on here, there's a clear light at the end of the tunnel and some are wanting to throw boulders in the way.
The truth will out! as they say.

I'm not making up anything FT

[PopTart]

Re: Matthew Ellis Takeover : Mon May 22, 2023 1:50 pm  

MOPSEY LIVES ON wrote:

I'm telling you the truth if you do not believe thats your choice, I can't make you believe me but get ready if this deal.goes under cause things could get a whole lot worse

I hope you come back to explain if things don't turn out as you say.

Re: Matthew Ellis Takeover : Mon May 22, 2023 1:56 pm  

PopTart wrote:

I hope you come back to explain if things don't turn out as you say.

if they drop their stupid demands then there will be nothing to explain, your distrust of anything said about the club is mnd boggling sometimes pt, I'm just trying to explain things and that by being trustees of 1873 they have some hold. Anyway I hope this turns out for the best the fans have had enough heartache over the years

[PopTart]

Re: Matthew Ellis Takeover : Mon May 22, 2023 2:03 pm  

MOPSEY LIVES ON wrote:

if they drop their stupid demands then there will be nothing to explain, your distrust of anything said about the club is mnd boggling sometimes pt, I'm just trying to explain things and that by being trustees of 1873 they have some hold. Anyway I hope this turns out for the best the fans have had enough heartache over the years

Not at all. I distrust something that doesn't make logical sense.
You haven't explained how Carter is making money out of the supposed rent.

Re: Matthew Ellis Takeover : Mon May 22, 2023 2:06 pm  

Cater announced during the sky game Wakey v Hull that a new investor would be announced the week after, and he could take the club forward.
Having made that announcements surly the best thing to do now would be to give an update..
It would appear a problems hit the deal.

Re: Matthew Ellis Takeover : Mon May 22, 2023 2:07 pm  

financialtimes wrote:

A quick search on companies house shows that currently MC & JM are directors in one registered company only and that is "Spirit of 1873 LTD" no other company, so if there is a so called management company looking after the stand, its either listed as a charity or neither of these 2 guys are on the BOD of it.

That’s comforting to know!