PLEASE SIR...CAN I HAVE SOME MORE ?

Following on from a post that Annis put up this morning, I have heard a very similar story, I have been told that the board has asked the Chairman for a further investment of £3.5million so the club can settle it's most pressing issues as soon as possible, the tax bill, Charlton, Motherwell, Wages etc. These are the issues that I spoke of last week and said that I believed there needs to be a minimum of £2million invested this week.

From what I have been told I understand that the wages ( £500k ) will be covered by the Malaysians again this month and that will be it. So where will the rest come from ? I was hoping to hear a much better outcome to this meeting but it would seem that things appear dire and very concerning.

When the Malaysians came in, the official site released, on March 21st, a statement by TG which spoke of ' good will on all sides ' I wonder if that statement could be used again ?

Quite simply if all of the directors who run our club cannot cover the debts together and deal with the issues we face then the money has to come from somewhere else and I cannot understand why one person in the boardroom should be paying for the whole debt, so unless there is imment external investment I see no other option than player sales.

There is some slightly positive news though I am told that there are interested potential investors but they are not much more than interested spectators at this moment and are watching how the situation pans out, I dont believe that the Malaysians are trying to pull out of the club but maybe they are wanting another party to take responsibilty with them.

I take it you're watching channel 5 then Carl

I take it you're watching channel 5 then Carl

No Marc... Why ?

I guess Oliver is on then

I take it you're watching channel 5 then Carl

No Marc... Why ?

I guess Oliver is on then

Just had her indoors to flick over and check channel 5

Carl, sorry for interrupting a good post of yours
you can delete the posts if you want
by the way I love the film, Fagin and Dodger are class.

Well Carl, NEW STADIUMS DONT GUARANTEE YOUR FUTURE, I said THIS 2 Years ago, ALSO The RIDDLERS MISMANAGEMENT, Whilst the OTHER DIRECTORS STOOD BY and LET IT HAPPEN and SOME JUST RAPED OUR CLUB as WELL.
WE ARE NOW PAYING THE PRICE FOR THIS

Carl, sorry for interrupting a good post of yours
you can delete the posts if you want
by the way I love the film, Fagin and Dodger are class.

Consider yourself excused

Well Carl, NEW STADIUMS DONT GUARANTEE YOUR FUTURE, I said THIS 2 Years ago, ALSO The RIDDLERS MISMANAGEMENT, Whilst the OTHER DIRECTORS STOOD BY and LET IT HAPPEN and SOME JUST RAPED OUR CLUB as WELL.
WE ARE NOW PAYING THE PRICE FOR THIS

The fact that the Malaysians have only committed another £500k to pay the wages again Annis, suggest they will continue to drip feed the club and that will be it and the football club has to fine it's on way out of it's mess.

These drip feed payments we are getting from the Malaysians, what are they getting in return?

Carl, so I assume the Malaysians are expecting the other directors to put their hand in theirs pockets, is there any chance of this happening?

So we are back to player sales, I don't think anyone on here would resent player sales the state we are in, but the club would have to be honest and say our aims for the current season is to stay up. Sell the players on the last year of their contract who won't renew in the next 2 weeks, sell Chopra, and bring in loans and freebies, we'd probably lose Dave Jones to the first job that came along, I would jump ship if was him & this was how it panned out.

It's all a bit of a mess, but 10 years of mis-management isn't cleared overnight.

As fan's there's not a lot we can do, early season ticket sals maybe an option come November, if that would help the club stagger on a few months. After all most people said if the club had been up front last December and said the season tickets sales were going to keep the club avile they still would have bought one.

I really don't know, too many games being played by too many people who have no love for the club.

These drip feed payments we are getting from the Malaysians, what are they getting in return?

Ian, Only what I Believe they will want Shares in Return and eventually dilute the rest of the Shareholders.

Carl, so I assume the Malaysians are expecting the other directors to put their hand in theirs pockets, is there any chance of this happening?

So we are back to player sales, I don't think anyone on here would resent player sales the state we are in, but the club would have to be honest and say our aims for the current season is to stay up. Sell the players on the last year of their contract who won't renew in the next 2 weeks, sell Chopra, and bring in loans and freebies, we'd probably lose Dave Jones to the first job that came along, I would jump ship if was him & this was how it panned out.

It's all a bit of a mess, but 10 years of mis-management isn't cleared overnight.

As fan's there's not a lot we can do, early season ticket sals maybe an option come November, if that would help the club stagger on a few months. After all most people said if the club had been up front last December and said the season tickets sales were going to keep the club avile they still would have bought one.

I really don't know, too many games being played by too many people who have no love for the club.

NO CHANCE IN MY OPINION OF THE OTHER DIRECTORS PUTTING ANY MONEY IN THE CLUB incl Borley, HERE COMES THE BIG POWER STRUGGLE.

Carl, so I assume the Malaysians are expecting the other directors to put their hand in theirs pockets, is there any chance of this happening?

So we are back to player sales, I don't think anyone on here would resent player sales the state we are in, but the club would have to be honest and say our aims for the current season is to stay up. Sell the players on the last year of their contract who won't renew in the next 2 weeks, sell Chopra, and bring in loans and freebies, we'd probably lose Dave Jones to the first job that came along, I would jump ship if was him & this was how it panned out.

It's all a bit of a mess, but 10 years of mis-management isn't cleared overnight.

As fan's there's not a lot we can do, early season ticket sals maybe an option come November, if that would help the club stagger on a few months. After all most people said if the club had been up front last December and said the season tickets sales were going to keep the club avile they still would have bought one.

I really don't know, too many games being played by too many people who have no love for the club.

Yes I believe the Malaysians thought they would be joined by the other directors in sorting out the debt.

I totally agree with you and the player sales, I said weeks ago that Chopra and Whittingham should be sold but not too many agreed with me.

Will DJ jump ship ? I think there is more to the Kennedy deal than just money tbh.

I asked Gethin Jenkins at my meeting with him on June 21st, what were the club aims for the season ? He did not give a response.

These drip feed payments we are getting from the Malaysians, what are they getting in return?

They'll be loans I would have thought.

NO CHANCE IN MY OPINION OF THE OTHER DIRECTORS PUTTING ANY MONEY IN THE CLUB incl Borley, HERE COMES THE BIG POWER STRUGGLE.[/quote]

Annis to fight any type of war you need money, PMG won't be willing to throw money at this, they just want and exit stategy, they have milked the cow dry.

These drip feed payments we are getting from the Malaysians, what are they getting in return?

They'll be loans I would have thought.

That could be turned into share later pushing them to the 52% mark.

Well Carl, NEW STADIUMS DONT GUARANTEE YOUR FUTURE, I said THIS 2 Years ago, ALSO The RIDDLERS MISMANAGEMENT, Whilst the OTHER DIRECTORS STOOD BY and LET IT HAPPEN and SOME JUST RAPED OUR CLUB as WELL.
WE ARE NOW PAYING THE PRICE FOR THIS

Told you that 0ver 4 years ago Annis !.... i'm glad i had the better biscuits!! good old Jo

Carl, so I assume the Malaysians are expecting the other directors to put their hand in theirs pockets, is there any chance of this happening?

So we are back to player sales, I don't think anyone on here would resent player sales the state we are in, but the club would have to be honest and say our aims for the current season is to stay up. Sell the players on the last year of their contract who won't renew in the next 2 weeks, sell Chopra, and bring in loans and freebies, we'd probably lose Dave Jones to the first job that came along, I would jump ship if was him & this was how it panned out.

It's all a bit of a mess, but 10 years of mis-management isn't cleared overnight.

As fan's there's not a lot we can do, early season ticket sals maybe an option come November, if that would help the club stagger on a few months. After all most people said if the club had been up front last December and said the season tickets sales were going to keep the club avile they still would have bought one.

I really don't know, too many games being played by too many people who have no love for the club.

Yes I believe the Malaysians thought they would be joined by the other directors in sorting out the debt.

I totally agree with you and the player sales, I said weeks ago that Chopra and Whittingham should be sold but not too many agreed with me.

Will DJ jump ship ? I think there is more to the Kennedy deal than just money tbh.

I asked Gethin Jenkins at my meeting with him on June 21st, what were the club aims for the season ? He did not give a response.

Kennedy is an easy one Carl..... he's gone to become Asst Manager to his com patriot Keane, nothing more to it than that mate.

they took a 6 mil gamble and it hasnt payed off

they took a 6 mil gamble and it hasnt payed off

You do realise most of that £6 mill was put in after the PO final.

they took a 6 mil gamble and it hasnt payed off

You do realise most of that £6 mill was put in after the PO final.

I was under the impression that they were legally committed to investing that money as all the paperwork etc for the EGM had gone out. And that was prior to the play offs.

Actually that is right.

where has the 6 million gone we only paid 1.9 to taxman wheres the rest gone? we had alot of income in the last 3 months money from investment ,playoff gate money,payment for rodger johnston transfer etc its only been three months and its all gone but where we havnt paid anyone off !

where has the 6 million gone we only paid 1.9 to taxman wheres the rest gone? we had alot of income in the last 3 months money from investment ,playoff gate money,payment for rodger johnston transfer etc its only been three months and its all gone but where we havnt paid anyone off !

£1m+ (maybe as much as £2m) had to be paid back to them (so in May only £4-£5m actually changed hands), then you had May's wages, and payment to tax man, plus payments to Sam (catching up on the £83k's) and staged payments to other stadium creditors etc..

Following on from a post that Annis put up this morning, I have heard a very similar story, I have been told that the board has asked the Chairman for a further investment of £3.5million so the club can settle it's most pressing issues as soon as possible, the tax bill, Charlton, Motherwell, Wages etc. These are the issues that I spoke of last week and said that I believed there needs to be a minimum of £2million invested this week.

From what I have been told I understand that the wages ( £500k ) will be covered by the Malaysians again this month and that will be it. So where will the rest come from ? I was hoping to hear a much better outcome to this meeting but it would seem that things appear dire and very concerning.

When the Malaysians came in, the official site released, on March 21st, a statement by TG which spoke of ' good will on all sides ' I wonder if that statement could be used again ?

Quite simply if all of the directors who run our club cannot cover the debts together and deal with the issues we face then the money has to come from somewhere else and I cannot understand why one person in the boardroom should be paying for the whole debt, so unless there is imment external investment I see no other option than player sales.

There is some slightly positive news though I am told that there are interested potential investors but they are not much more than interested spectators at this moment and are watching how the situation pans out, I dont believe that the Malaysians are trying to pull out of the club but maybe they are wanting another party to take responsibilty with them.

So the embargo will continue, but by Mid-August we will HAVE to find at least £1.5m just to clear the tax arrears (£700-£800k May and prior, £400k June, £400k July - we still have the winding up order over us - a clearly more important issue than new players) . Thats even if we don't pay anyone else - Sam due his next £83k, and general running costs, other staged payments to PMG (hopefully mostly from Premier Club) and other stadium creditors.

I can't see PMG, Borley, Sam or any of the opther usual suspects putting more in.

Isaacs maybe ?
Any news on whether the Debt/Equity swaps for Isaacs and PMG will be enforced any time soon ?

.......I am told that there are interested potential investors but they are not much more than interested spectators at this moment and are watching how the situation pans out.

A bit like Vultures.

Well Carl, NEW STADIUMS DONT GUARANTEE YOUR FUTURE, I said THIS 2 Years ago, ALSO The RIDDLERS MISMANAGEMENT, Whilst the OTHER DIRECTORS STOOD BY and LET IT HAPPEN and SOME JUST RAPED OUR CLUB as WELL.
WE ARE NOW PAYING THE PRICE FOR THIS

And Sams mismanagement and leaving us in massive debt, thats where it started............

Well Carl, NEW STADIUMS DONT GUARANTEE YOUR FUTURE, I said THIS 2 Years ago, ALSO The RIDDLERS MISMANAGEMENT, Whilst the OTHER DIRECTORS STOOD BY and LET IT HAPPEN and SOME JUST RAPED OUR CLUB as WELL.
WE ARE NOW PAYING THE PRICE FOR THIS

And Sams mismanagement and leaving us in massive debt, thats where it started............

Left us £24 Mill owing to Langston, Reduced it to £10 mill, BUT SAM LEFT OVER £30 MILLION WORTH OF PLAYERS, Which THE RIDDLER SOLD, SO SAM NEVER LEFT A DEBT, Riddler should of paid the £10 million back. Also Sam left out line planning for a New Stadium.

These drip feed payments we are getting from the Malaysians, what are they getting in return?

Ian, Only what I Believe they will want Shares in Return and eventually dilute the rest of the Shareholders.

That has to be the answer, the others don't want to know when it comes to paying the bills, it's time for a full takeover, with the other Malaysians and forming the dream team..........