WHY SAM ? WHY NOW ?

So can we safely say Sam put £3.8 million into the club.

9.8 million and if all those people who insist Sam is Langstone then really its more like 34million.

Claudes gone awfully quiet.

So can we safely say Sam put £3.8 million into the club.

£3.8m , plus £6m or so that he could have taken (it was approved by the club) but eventually didn`t as the management fees voted for were reversed at a later date.

To be fair to Sam , at least in comparison to Ridsdale , there was never an attempt by PR not to take out money he had been voted - he took it all out as soon as he could.

Keith

So can we safely say Sam put £3.8 million into the club.

£3.8m , plus £6m or so that he could have taken (it was approved by the club) but eventually didn`t as the management fees voted for were reversed at a later date.

To be fair to Sam , at least in comparison to Ridsdale , there was never an attempt by PR not to take out money he had been voted - he took it all out as soon as he could.

Keith

keith

he had to write the 6 mill off for a vey good reason

So can we safely say Sam put £3.8 million into the club.

£3.8m , plus £6m or so that he could have taken (it was approved by the club) but eventually didn`t as the management fees voted for were reversed at a later date.

To be fair to Sam , at least in comparison to Ridsdale , there was never an attempt by PR not to take out money he had been voted - he took it all out as soon as he could.

Keith

keith

he had to write the 6 mill off for a vey good reason

Why Steve ?

"LONGLEGS"][="steve davies"][since62"][="Bakedalasker"]So can we safely say Sam put £3.8 million into the club


£3.8m , plus £6m or so that he could have taken (it was approved by the club) but eventually didn`t as the management fees voted for were reversed at a later date.

To be fair to Sam , at least in comparison to Ridsdale , there was never an attempt by PR not to take out money he had been voted - he took it all out as soon as he could.

Keith
keith

he had to write the 6 mill off for a vey good reaso


Why Steve ?[/quote]



saving for my book as if i wrote it on here it would get annis into trouble ending in a court case which i would win

Keith[/quote]
keith

he had to write the 6 mill off for a vey good reason[/quote]


I always thought the reason was - he'd allocated that 36m to himslef from 'management fees' etc.. had no chacne of ever getting it and so wrote it out for 3 reasons.

1. TAX
2. To reduce that years loss from £8m to £2m. The club was bust- and not viable as a going concern
3. There was no way the council would sign anything off with him taking that sort of money out

Beleive me, we were really in the sh1t when this happened.
If you don't beleive me have a look at the old accounts.

Keith

keith

he had to write the 6 mill off for a vey good reason


I always thought the reason was - he'd allocated that 36m to himslef from 'management fees' etc.. had no chacne of ever getting it and so wrote it out for 3 reasons.

1. TAX
2. To reduce that years loss from £8m to £2m. The club was bust- and not viable as a going concern
3. There was no way the council would sign anything off with him taking that sort of money out

Beleive me, we were really in the sh1t when this happened.
If you don't beleive me have a look at the old accounts.[/quote]
three very good reasons mower but not the real reason im afraid sorry to be vague believe me i would love to tell it as it is but would get a couple of people in real trouble including myself

Keith

keith

he had to write the 6 mill off for a vey good reason


I always thought the reason was - he'd allocated that 36m to himslef from 'management fees' etc.. had no chacne of ever getting it and so wrote it out for 3 reasons.

1. TAX
2. To reduce that years loss from £8m to £2m. The club was bust- and not viable as a going concern
3. There was no way the council would sign anything off with him taking that sort of money out

Beleive me, we were really in the sh1t when this happened.
If you don't beleive me have a look at the old accounts.

three very good reasons mower but not the real reason im afraid sorry to be vague believe me i would love to tell it as it is but would get a couple of people in real trouble including myself[/quote]




We'll leave it at that then.

So, that's as clear as mud then!!!

I'll stick to my assertion that Hammam put no money into our club.

It was all borrowed money which our club still owe him.

Some clever accounting to cover his tracks by the sound of things, maybe even illegal judging by some comments in this thread/

Alledged illegality of course.