Carlisle

[mall]

Sorry Moonie-I can tell you now that they are pulling your wool over your eyes. You're clutching at straws looking for salvation because the club is up to its eyballs owing money everywhere.
The debt Story wiped out was indeed his own personal loan but, the family side of the other loan is still there and its only by the grace of that family that it hasnt been called back-yet.
Ask Mr Phillips. of RC.

Respectfully, you’re one of the following:

1) a windup merchant

OR

2) absolutely off your rocker

OR

3) both of the above

The club’s accounts are a matter of public record. The supporters trust (of which I am a member) has a blocking share (25.4%, I think) in the club, together with a place on the board. There is absolutely no way in the great blue hell that a lid could be kept on such a debt. No way whatsoever. Your drunk mate from the beehive is spinning you a yarn.

Just read you’re now calling it a ‘personal debt’? Personal to who? The club is a limited company. I think you’re getting mixed up with the aforementioned debt to Phillip Day, which is secured by legally binding ‘personal guarantees’ from Jenkins and his cronies.

I can assure you,-'that' debt exists to 'this' day to that family, which is a seperate entity to do with Day.

[Pedro]

Says the supporter whose team once played in the first division

Says the supporter who’s never seen their team above the fourth division

Says the armchair fan who does not realise we were in the 3 Rd Division.

[M6 BLUE]

In other words, he's just a bloke who talks rubbish. One of these types who thinks he's in the know and some people are naive enough to believe him.

No, not at all. Its all there in black and white,he has all the relevant minutes from meetings. The debts will eventually force the club to sell and,thats where the danger lies.

Yes you're right it is all there in Black and White in the yearly accounts filed at companies' house each year [ or are you suggesting they've been hiding a 3.5 million pound debt to somebody who supposedly invested it without it going thru either parties books for the last 15 years ? ] And its even more unlikely to be the Story family as you claim because he.s just gone thru a rather messy divorce and if it were true i.m pretty sure in would have come out in the wash then.

CUFC Holdings basically only owe money to 3 people/organisations

1] Pioneer Foods owned by the current chairman who are owed approx 400k and which reduces by 80k each year in a stand naming rights deal [ which its said will be paid off by a bequest in AJ.s will should he die before the outstanding balance is paid]

2] A sum which is owed to AJ personally[ which was about 600k but is now just a small fraction of that which reduces every year as he converts the debt to B Shares which currently hold no votes and are worthless but which with the Trusts agreement [ needed as it would devalue their 25.4 holding] could with a vote become equivalent to the issued A shares I belive the deal will be they.ll be able to swap a hundred B shares into an A share. Meaning very soon the debt to AJ will be nil.

3] The elephant in the room the 2.5 million debt that was owed to EWM and which has subsequently been transferred to its new entity Purepay Retail both of which were/are controlled by Phillip Day who will ultimately decide what happens to it. Yes, it seems like the original plan for him to take control of the club is no longer going to happen for whatever reason Brexit/Covid/or a simple change of mind it doesn't matter really. But 2 things haven't changed one is that PD is still a very rich man [ it looks like he could still be worth over 300 million it just that it's hidden better now than it was.] and the second is that he has a very tricky problem regarding the club, the debt, AJ and the personal guarantees. Yes he could call the debt in and the club couldn't pay it But would a businessman with his company head office in the city, his castle located on the outskirts of the city and a connection to the club going back 30 years really liquidate the club knowing that it probably still wouldn't get him his money back or does he go after his old friend of 30 years the 85 yearold Andrew Jenkins and call in his personal guarantee ? Its said that there's an arrangement in place between the two men as to what will happen when AJ passes which probably involves him taking AJ.s shares and becoming the defacto owner [ which also then takes us back to the share conversion and devaluation of the Trusts shares below the 25 % threshold increasing the value of the shareholding overnight] to a point where if he wrote off the debt and put the club up for sale debt free it would fetch not far short of what he's owed.

And that's before we take into account the sell ons that we currently have which effectively means that if Henderson was sold in the summer as now looks pretty likely our cut would be not far off what we.d need to pay off the debt so its not all bad news.

And don't believe all the crap that you read about the ground and flood plains it just means that the pitch will always be at risk and that any new stands need to be built with flooding negation built-in which actually isn't that hard to do in that the ground floors are designed with that in mind [ In Holand there are 6 clubs bigger than us with worse flooding issues than we have and they all get insured and survive so it really needn't be a problem at all.] It just needs a commitment from a new owner that we aren't moving and will be developing the ground with the flood prevention/alleviation in place.

[Main Stand SeasonTct]

Why is this debt not listed on Companies house then? The one to Mr Day appears to be along with other charges to a couple of banks

'Personal' debt.

You can't hide personal debt of the magnitude your implying from Companies house

[Bombadel]

No, not at all. Its all there in black and white,he has all the relevant minutes from meetings. The debts will eventually force the club to sell and,thats where the danger lies.

Yes you're right it is all there in Black and White in the yearly accounts filed at companies' house each year [ or are you suggesting they've been hiding a 3.5 million pound debt to somebody who supposedly invested it without it going thru either parties books for the last 15 years ? ] And its even more unlikely to be the Story family as you claim because he.s just gone thru a rather messy divorce and if it were true i.m pretty sure in would have come out in the wash then.

CUFC Holdings basically only owe money to 3 people/organisations

1] Pioneer Foods owned by the current chairman who are owed approx 400k and which reduces by 80k each year in a stand naming rights deal [ which its said will be paid off by a bequest in AJ.s will should he die before the outstanding balance is paid]

2] A sum which is owed to AJ personally[ which was about 600k but is now just a small fraction of that which reduces every year as he converts the debt to B Shares which currently hold no votes and are worthless but which with the Trusts agreement [ needed as it would devalue their 25.4 holding] could with a vote become equivalent to the issued A shares I belive the deal will be they.ll be able to swap a hundred B shares into an A share. Meaning very soon the debt to AJ will be nil.

3] The elephant in the room the 2.5 million debt that was owed to EWM and which has subsequently been transferred to its new entity Purepay Retail both of which were/are controlled by Phillip Day who will ultimately decide what happens to it. Yes, it seems like the original plan for him to take control of the club is no longer going to happen for whatever reason Brexit/Covid/or a simple change of mind it doesn't matter really. But 2 things haven't changed one is that PD is still a very rich man [ it looks like he could still be worth over 300 million it just that it's hidden better now than it was.] and the second is that he has a very tricky problem regarding the club, the debt, AJ and the personal guarantees. Yes he could call the debt in and the club couldn't pay it But would a businessman with his company head office in the city, his castle located on the outskirts of the city and a connection to the club going back 30 years really liquidate the club knowing that it probably still wouldn't get him his money back or does he go after his old friend of 30 years the 85 yearold Andrew Jenkins and call in his personal guarantee ? Its said that there's an arrangement in place between the two men as to what will happen when AJ passes which probably involves him taking AJ.s shares and becoming the defacto owner [ which also then takes us back to the share conversion and devaluation of the Trusts shares below the 25 % threshold increasing the value of the shareholding overnight] to a point where if he wrote off the debt and put the club up for sale debt free it would fetch not far short of what he's owed.

And that's before we take into account the sell ons that we currently have which effectively means that if Henderson was sold in the summer as now looks pretty likely our cut would be not far off what we.d need to pay off the debt so its not all bad news.

And don't believe all the crap that you read about the ground and flood plains it just means that the pitch will always be at risk and that any new stands need to be built with flooding negation built-in which actually isn't that hard to do in that the ground floors are designed with that in mind [ In Holand there are 6 clubs bigger than us with worse flooding issues than we have and they all get insured and survive so it really needn't be a problem at all.] It just needs a commitment from a new owner that we aren't moving and will be developing the ground with the flood prevention/alleviation in place.

You’ve been looking for a new owner for a while now? Regarding your stadium, seems investment and improvements won’t come easy, from this interview at the end of last year, fairly recent interview and no mention of this Holland solution

Nigel Clibbens said: “Before the flood in 2015, the club was looking to relocate. The normal model is to sell the existing land, but the value of our land is very uncertain.

“Anybody who knows Carlisle knows that our stadium would come under the banner of ‘very traditional’. It is a 1950s-style stadium in desperate need of investment to bring the facilities up to modern standards and to meet the expectations of fans.

“The flood risk around us and the impact on the value of the site, be it to help us secure investment or acquire value for relocation, has been all but destroyed by flood risk.

“That undermines our ability to develop the club and be resilient, coupled with an insurance risk hanging over us and the threat of the situation getting worse in generations to come.

[Moonie]

Respectfully, you’re one of the following:

1) a windup merchant

OR

2) absolutely off your rocker

OR

3) both of the above

The club’s accounts are a matter of public record. The supporters trust (of which I am a member) has a blocking share (25.4%, I think) in the club, together with a place on the board. There is absolutely no way in the great blue hell that a lid could be kept on such a debt. No way whatsoever. Your drunk mate from the beehive is spinning you a yarn.

Just read you’re now calling it a ‘personal debt’? Personal to who? The club is a limited company. I think you’re getting mixed up with the aforementioned debt to Phillip Day, which is secured by legally binding ‘personal guarantees’ from Jenkins and his cronies.

I can assure you,-'that' debt exists to 'this' day to that family, which is a seperate entity to do with Day.

And where is this debt hidden? We’re a LTD company, not a criminal cartel. For the final time, our accounts are a matter of public record. I’m not sure what part of that isn’t making sense to you!

[mall]

I can assure you,-'that' debt exists to 'this' day to that family, which is a seperate entity to do with Day.

And where is this debt hidden? We’re a LTD company, not a criminal cartel. For the final time, our accounts are a matter of public record. I’m not sure what part of that isn’t making sense to you!

Your self denial knows no bounds. The Atkinson family know all to well what went on with the money that was passed to the club, not from Fred, from the family on behalf of Fred. Its six million at least!.

[Main Stand SeasonTct]

And where is this debt hidden? We’re a LTD company, not a criminal cartel. For the final time, our accounts are a matter of public record. I’m not sure what part of that isn’t making sense to you!

Your self denial knows no bounds. The Atkinson family know all to well what went on with the money that was passed to the club, not from Fred, from the family on behalf of Fred. Its six million at least!.

From one Barrow fan to another give it a rest please, As you have been told everything is declared on companies house. If you have evidence put it in the public domain. I won’t hold my breath as I know no debt that you are implying exists. If it did such financial irregularities would cost them massive efl sanctions. Given Director John Nixon was head of the EFL board it’s highly unlikely such irregularities your implying exist

[Middleton Nick]

And move it to general football.

[mall]

Yes you're right it is all there in Black and White in the yearly accounts filed at companies' house each year [ or are you suggesting they've been hiding a 3.5 million pound debt to somebody who supposedly invested it without it going thru either parties books for the last 15 years ? ] And its even more unlikely to be the Story family as you claim because he.s just gone thru a rather messy divorce and if it were true i.m pretty sure in would have come out in the wash then.

CUFC Holdings basically only owe money to 3 people/organisations

1] Pioneer Foods owned by the current chairman who are owed approx 400k and which reduces by 80k each year in a stand naming rights deal [ which its said will be paid off by a bequest in AJ.s will should he die before the outstanding balance is paid]

2] A sum which is owed to AJ personally[ which was about 600k but is now just a small fraction of that which reduces every year as he converts the debt to B Shares which currently hold no votes and are worthless but which with the Trusts agreement [ needed as it would devalue their 25.4 holding] could with a vote become equivalent to the issued A shares I belive the deal will be they.ll be able to swap a hundred B shares into an A share. Meaning very soon the debt to AJ will be nil.

3] The elephant in the room the 2.5 million debt that was owed to EWM and which has subsequently been transferred to its new entity Purepay Retail both of which were/are controlled by Phillip Day who will ultimately decide what happens to it. Yes, it seems like the original plan for him to take control of the club is no longer going to happen for whatever reason Brexit/Covid/or a simple change of mind it doesn't matter really. But 2 things haven't changed one is that PD is still a very rich man [ it looks like he could still be worth over 300 million it just that it's hidden better now than it was.] and the second is that he has a very tricky problem regarding the club, the debt, AJ and the personal guarantees. Yes he could call the debt in and the club couldn't pay it But would a businessman with his company head office in the city, his castle located on the outskirts of the city and a connection to the club going back 30 years really liquidate the club knowing that it probably still wouldn't get him his money back or does he go after his old friend of 30 years the 85 yearold Andrew Jenkins and call in his personal guarantee ? Its said that there's an arrangement in place between the two men as to what will happen when AJ passes which probably involves him taking AJ.s shares and becoming the defacto owner [ which also then takes us back to the share conversion and devaluation of the Trusts shares below the 25 % threshold increasing the value of the shareholding overnight] to a point where if he wrote off the debt and put the club up for sale debt free it would fetch not far short of what he's owed.

And that's before we take into account the sell ons that we currently have which effectively means that if Henderson was sold in the summer as now looks pretty likely our cut would be not far off what we.d need to pay off the debt so its not all bad news.

And don't believe all the crap that you read about the ground and flood plains it just means that the pitch will always be at risk and that any new stands need to be built with flooding negation built-in which actually isn't that hard to do in that the ground floors are designed with that in mind [ In Holand there are 6 clubs bigger than us with worse flooding issues than we have and they all get insured and survive so it really needn't be a problem at all.] It just needs a commitment from a new owner that we aren't moving and will be developing the ground with the flood prevention/alleviation in place.

You’ve been looking for a new owner for a while now? Regarding your stadium, seems investment and improvements won’t come easy, from this interview at the end of last year, fairly recent interview and no mention of this Holland solution

Nigel Clibbens said: “Before the flood in 2015, the club was looking to relocate. The normal model is to sell the existing land, but the value of our land is very uncertain.

“Anybody who knows Carlisle knows that our stadium would come under the banner of ‘very traditional’. It is a 1950s-style stadium in desperate need of investment to bring the facilities up to modern standards and to meet the expectations of fans.

“The flood risk around us and the impact on the value of the site, be it to help us secure investment or acquire value for relocation, has been all but destroyed by flood risk.

“That undermines our ability to develop the club and be resilient, coupled with an insurance risk hanging over us and the threat of the situation getting worse in generations to come.

Brunton Park is ok while its still there.'IF' they ever want to move,or are forced to move then that's when your major creditors will most likely make a move on the assets for the incredible amounts of monies owed. And, all this talk about flood prevention and alleviating the risk is absolute nonsense designed to cover the clubs perilous financial situation. The club is at greater risk than ever from flooding due to the worsening climate situation which is now making any financial solution out of the question.

[M6 BLUE]

Yes you're right it is all there in Black and White in the yearly accounts filed at companies' house each year [ or are you suggesting they've been hiding a 3.5 million pound debt to somebody who supposedly invested it without it going thru either parties books for the last 15 years ? ] And its even more unlikely to be the Story family as you claim because he.s just gone thru a rather messy divorce and if it were true i.m pretty sure in would have come out in the wash then.

CUFC Holdings basically only owe money to 3 people/organisations

1] Pioneer Foods owned by the current chairman who are owed approx 400k and which reduces by 80k each year in a stand naming rights deal [ which its said will be paid off by a bequest in AJ.s will should he die before the outstanding balance is paid]

2] A sum which is owed to AJ personally[ which was about 600k but is now just a small fraction of that which reduces every year as he converts the debt to B Shares which currently hold no votes and are worthless but which with the Trusts agreement [ needed as it would devalue their 25.4 holding] could with a vote become equivalent to the issued A shares I belive the deal will be they.ll be able to swap a hundred B shares into an A share. Meaning very soon the debt to AJ will be nil.

3] The elephant in the room the 2.5 million debt that was owed to EWM and which has subsequently been transferred to its new entity Purepay Retail both of which were/are controlled by Phillip Day who will ultimately decide what happens to it. Yes, it seems like the original plan for him to take control of the club is no longer going to happen for whatever reason Brexit/Covid/or a simple change of mind it doesn't matter really. But 2 things haven't changed one is that PD is still a very rich man [ it looks like he could still be worth over 300 million it just that it's hidden better now than it was.] and the second is that he has a very tricky problem regarding the club, the debt, AJ and the personal guarantees. Yes he could call the debt in and the club couldn't pay it But would a businessman with his company head office in the city, his castle located on the outskirts of the city and a connection to the club going back 30 years really liquidate the club knowing that it probably still wouldn't get him his money back or does he go after his old friend of 30 years the 85 yearold Andrew Jenkins and call in his personal guarantee ? Its said that there's an arrangement in place between the two men as to what will happen when AJ passes which probably involves him taking AJ.s shares and becoming the defacto owner [ which also then takes us back to the share conversion and devaluation of the Trusts shares below the 25 % threshold increasing the value of the shareholding overnight] to a point where if he wrote off the debt and put the club up for sale debt free it would fetch not far short of what he's owed.

And that's before we take into account the sell ons that we currently have which effectively means that if Henderson was sold in the summer as now looks pretty likely our cut would be not far off what we.d need to pay off the debt so its not all bad news.

And don't believe all the crap that you read about the ground and flood plains it just means that the pitch will always be at risk and that any new stands need to be built with flooding negation built-in which actually isn't that hard to do in that the ground floors are designed with that in mind [ In Holand there are 6 clubs bigger than us with worse flooding issues than we have and they all get insured and survive so it really needn't be a problem at all.] It just needs a commitment from a new owner that we aren't moving and will be developing the ground with the flood prevention/alleviation in place.

You’ve been looking for a new owner for a while now? Regarding your stadium, seems investment and improvements won’t come easy, from this interview at the end of last year, fairly recent interview and no mention of this Holland solution

Nigel Clibbens said: “Before the flood in 2015, the club was looking to relocate. The normal model is to sell the existing land, but the value of our land is very uncertain.

“Anybody who knows Carlisle knows that our stadium would come under the banner of ‘very traditional’. It is a 1950s-style stadium in desperate need of investment to bring the facilities up to modern standards and to meet the expectations of fans.

“The flood risk around us and the impact on the value of the site, be it to help us secure investment or acquire value for relocation, has been all but destroyed by flood risk.

“That undermines our ability to develop the club and be resilient, coupled with an insurance risk hanging over us and the threat of the situation getting worse in generations to come.

Just how much do you actually know about "Bernard" Clibbins and why he holds the position he does at CUFC ? From your quotes, I suspect very little

His one and only job is to lie and issue bullshit on behalf of the board and every time we actually get a director in front of a forum they without exception contradict everything Clibbins has said for the last 6 months.

And I take it you.ve never read one of his 32 page rants. And thats before we start with his woke fixation. We used to have an owner who spent his Wednesday evenings playing pool and buying drinks with the BCF lads in the Pedestrian arms and who stood trial for tw***ng a steward at Lincoln RIP JC and I see Clibbins as someone up there getting their retribution.

His one and only function is to protect the now senile Jenkins from the fans and to keep Nixon from saying or doing anything that could put his positions at the FA and FL in jeopardy along with making sure Pattison never embarrasses and the club himself by speaking publically.

Clibbins knows he was very lucky to get another job in football after the circumstances he left Huddersfield in.

Now to your quotes no the club have not looked for new owners since the present incumbents took over 14 years ago well at least that's what they tell you.

Nigel Clibbens said: “Before the flood in 2015, the club was looking to relocate. The normal model is to sell the existing land, but the value of our land is very uncertain. Just before Clibbins arrived the club were invited to be involved in a totally unsuitable new stadium scheme by a local property developer that fell at the first hurdle and that's what he's referring to there And gues what part of the deal was that the developer got the BP land now does that sound like something with no value to you ?

“Anybody who knows Carlisle knows that our stadium would come under the banner of ‘very traditional’. It is a 1950s-style stadium in desperate need of investment to bring the facilities up to modern standards and to meet the expectations of fans. Of course it needs investment they haven't spent a bloody penny on it in 14 years

“The flood risk around us and the impact on the value of the site, be it to help us secure investment or acquire value for relocation, has been all but destroyed by flood risk. Well of course its value is depressed by the flood risk but if a development on it could show that the risk had been negated the value of what was built there would only be marginally effected but hey if you were the potential purchaser flood scare stories would be a good way to drive down what you would pay for the site wouldn't it ? But I would say the sporting covenant on the land would be much more of an issue.

“That undermines our ability to develop the club and be resilient, coupled with an insurance risk hanging over us and the threat of the situation getting worse in generations to come. Ah yes a very convenient excuse not to spend any money on it. I asked a question at a forum as to whether they had ever approached a certain Dutch insurance company in relation to getting cover to which they said they had never heard of them That company specialise in providing flood risk cover by a method that's not often used in Britain They have also been asked in the past about whether they'd considered self-insurance and again the answer was what's that ? So there I rest my case.

[Bigfathoss]

Move to Off-Topic? I mean...it's ON-Topic, but the topic isn't anything to do with Barrow AFC

[Back of the net]

It’s a very interesting argument facts from company house V hearsay and rumours !

[Hadrian]

So how is NORTHERN SOUL these days?

[Moonie]

So how is NORTHERN SOUL these days?

He’s gone very quiet. A very colourful character.

I heard somewhere he now attends more PNE games than Carlisle, if true this is best described as sacrilege.