PopTart wrote:
There is no truth to be straight with.
He says they haven't discussed the director loans yet.
So he can't answer those questions.
I think it's fair to discuss these things with the guy potentially buying and the lawyers before Gaz from Facebook.
This all started because someone put on Facebook that he was standing in the way of the deal because he wants £200k a year for the stadium rent.....which is clearly not true. Those people have then twisted every bit of info they can to make something of it......just for personal reasons.
You won't see them when details come out to contradict their claims. They just move on to the next one.
When did he say the directors loans hadn't been discussed - the below is from the article:
However, Carter defended the prospect of the new owners taking on the debt, citing the financial value of a redeveloped Belle Vue as a much bigger value than any loan, with Trinity largely sustainable as a business in general.
“There’s now an asset there valued at £10million,” he said.
“The asset outweighs the liability of the loan and even if you flattened it and put houses on there – which I’m not advocating, of course – it would still outweigh it. So all this talk of ‘Michael Carter wants them to take the debt’.. well obviously, I want them to take the debt because they’re getting a significantly better asset with it.
“The loan to the Government for the Covid stuff, that’s been divulged and there’s no issue with that. Then there’s my directors loans. Other than that, the club has nothing in the balance sheet that warrants any sort of worry to a potential new owner. We absolutely want this to go ahead.”
Obviously the bits that aren't in speech bubbles are from the journalist.
However he clearly say "Then theres my directors loans"
Outside the council loan, the directors loans are the highest debt we have, no takeover talks are going to to take place and them not be brought up / discussed etc. If he was honouring his word, of him 'abolsulety not bothered about them" then there would only need to be a 2 min discussion along the lines of, they will be wiped. If he was wiping them, surely he would have said so in this interview ? He also doesn't mention if JM has any directors loans or his position, but as yet JM hasn't made any bold brash interviews saying hes not bothered about his.
He doesnt mention the "£200K' rent , however is it beyond the wildest possibilities that this idea was floated in any talks ? That the the stadium to be transferred and run by a stadium management company, and rent this to the club / Wakey FC etc ? If so, you would assume that the council loan would also be transferred to the same management company. Stadium Management companies are pretty common thing.
