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Re: Matthew Ellis Takeover : Mon May 22, 2023 10:42 am  

altofts wildcat wrote:

A reliable source who has not let me down in the past informs me of the below, I will admit that i do not understand the why's or hows and it doesn't really make sense but here goes:

The Ellis interest is very real and and offer is a long way down the line however there are some sticking points.
The council load repayments are a lot higher than anticipated by Ellis and he struggles to see how the club would afford them in the Championship without them being paid by directors/owners. Taking on the debt isn't an issue in itself but paying for it if we go down is.
The new stand is set up to run under a separate company to the actual club, a bit like a Stadium Management Company. Carter is wanting to remain in control of this and charge to club itself rent to be able to use it. Now I always understood that the club owned the land and everything on top of the land so I am not sure how it works or even if it is true but I do trust my source.
The final sticking point is Directors Loans. The small shareholders are happy to sell without recuperating their money however Carter wants his loans paying back in full despite what he has said in the past.

All sounds a bit suspect to me but let's see how it plays out.

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Re: Matthew Ellis Takeover : Mon May 22, 2023 10:44 am  

Willzay wrote:

Absolutely disgusting if true. How anyone stick up for him.

Mainly because as you say you don't know it's true.
The only source is from people who admit to being Carter haters.

Re: Matthew Ellis Takeover : Mon May 22, 2023 10:52 am  

PopTart wrote:

I think I've asked this before but
1) when did you previously 'have the club'
2) what makes you think new guy is going to do what you want?

I haven't had the club which know but it's my club as it is yours and the current bod are the guardians of our club. When these clowns go I have my club back and a dictator hasn't

Re: Matthew Ellis Takeover : Mon May 22, 2023 10:53 am  

altofts wildcat wrote:

A reliable source who has not let me down in the past informs me of the below, I will admit that i do not understand the why's or hows and it doesn't really make sense but here goes:

The Ellis interest is very real and and offer is a long way down the line however there are some sticking points.
The council load repayments are a lot higher than anticipated by Ellis and he struggles to see how the club would afford them in the Championship without them being paid by directors/owners. Taking on the debt isn't an issue in itself but paying for it if we go down is.
The new stand is set up to run under a separate company to the actual club, a bit like a Stadium Management Company. Carter is wanting to remain in control of this and charge to club itself rent to be able to use it. Now I always understood that the club owned the land and everything on top of the land so I am not sure how it works or even if it is true but I do trust my source.
The final sticking point is Directors Loans. The small shareholders are happy to sell without recuperating their money however Carter wants his loans paying back in full despite what he has said in the past.

I'm not in the know at all on this, but there is no way that the £8.5m that was provided to build the stand and other upgrades would have been handed to Michael Carter and John Minards for their own personal gains. I could understand it going into a community group set up separate from the club which the aforementioned people may be heading up currently, but again not for their own personal gain. I think your reliable source might know something but not the actual truth.

Re: Matthew Ellis Takeover : Mon May 22, 2023 11:04 am  

STB wrote:

I'm not in the know at all on this, but there is no way that the £8.5m that was provided to build the stand and other upgrades would have been handed to Michael Carter and John Minards for their own personal gains. I could understand it going into a community group set up separate from the club which the aforementioned people may be heading up currently, but again not for their own personal gain. I think your reliable source might know something but not the actual truth.

That is not what I am saying. What I have been told is that the management of the Ground has been moved to an SMC which is what Carter wants to remain involved with a thus charge the club a rent.

Re: Matthew Ellis Takeover : Mon May 22, 2023 11:13 am  

altofts wildcat wrote:

That is not what I am saying. What I have been told is that the management of the Ground has been moved to an SMC which is what Carter wants to remain involved with a thus charge the club a rent.

Which again wasn't what was sold to us. It was to be a WT asset and they were to benefit from renting it out.

The original deal at NM was the ground would be leased to a Trust on peppercorn rent with Trinity paying that organisation as anchor tenants.

This situation seems to be a bit of a power play and seems way off in my opinion, and while there seems to be a growing number who dislike Carter, this would push the balance to most of the support base, again if true.

Re: Matthew Ellis Takeover : Mon May 22, 2023 11:17 am  

This is easily rectified, the current incumbents could just deny the story.

Re: Matthew Ellis Takeover : Mon May 22, 2023 11:26 am  

altofts wildcat wrote:

A reliable source who has not let me down in the past informs me of the below, I will admit that i do not understand the why's or hows and it doesn't really make sense but here goes:

The Ellis interest is very real and and offer is a long way down the line however there are some sticking points.
The council load repayments are a lot higher than anticipated by Ellis and he struggles to see how the club would afford them in the Championship without them being paid by directors/owners. Taking on the debt isn't an issue in itself but paying for it if we go down is.
The new stand is set up to run under a separate company to the actual club, a bit like a Stadium Management Company. Carter is wanting to remain in control of this and charge to club itself rent to be able to use it. Now I always understood that the club owned the land and everything on top of the land so I am not sure how it works or even if it is true but I do trust my source.
The final sticking point is Directors Loans. The small shareholders are happy to sell without recuperating their money however Carter wants his loans paying back in full despite what he has said in the past.

Reading this has made me feel sick. I’ve always stood by MC and JM, built this is true regarding the new stand, then I feel that I’ve been made a fool of. I’ve recently bought into the share scheme believing I was helping to finance the future of the club, this apparently underhanded business of the new stand is bordering on skulduggery, and if it turns out to be true, then I really will be re considering my loyalty to this club/management. I’m paying into the commit 6, and at this moment I’m convinced I should end my payments. Any money I pay regarding Trinity, I want it to go to Trinity, not some faceless Stadium Management set up. If the current management does not come clean on this issue in the very near future, then I will not be investing any more monies into the club, Gutted

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Re: Matthew Ellis Takeover : Mon May 22, 2023 11:32 am  

MOPSEY LIVES ON wrote:

I haven't had the club which know but it's my club as it is yours and the current bod are the guardians of our club. When these clowns go I have my club back and a dictator hasn't

I feel like you'll be disappointed. You'll just end up with another dictator.

Re: Matthew Ellis Takeover : Mon May 22, 2023 11:33 am  

That can't be true surely?!

Even Rodders wouldn't do that - mind he has "saved the club" on numerous occasions.