Cant believe Duxbury is so stupid that she would put the club up for sale without preparing a decent set of accounts, and anybody doing due dilligence would soon be able to get a handle on known future liabilities. For Chris Musgrave to not be able to put a value on future costs indicates there is something coming down the tracks toward Pools which hasnt yet been quantified, fines from HMRC or another countrys tax authorities for example.

A lot of he money collected was from people that hate the Trust so how ill they feel if all that money is now diverted that way? PoolieMike and chris were particularly vocally anti trust.

I don’t expect everyone to join the trust or even agree with everything it’s trying to do, it’s not a perfect world. But if that was the only option, which is looking likely, I’m sure they would see that it’s better all round if money is diverted that way


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you would hope so.

Maybe he just goes for the prawn sandwiches?

That's the fucking worry with some of the plebs trying to 'advise' her as to where the money should go. With only a couple of exceptions, the top table at the Steelies meeting was more like a fucking Crimewatch line-up.

I was not happy with Pam inviting the lass and her family for free hospitality.
Trying to ensure the money is given to her and her cronies.

The money that has been raised so far MUST now be given to the trust and ringfenced.

Administration is now best for HUFC, maybe not best for SAGE, but to hell with them.
Take the points deduction, throw this lot out of the town and start again with a trust owned club.

Sage are hanging on by their fingernails, time for them to be shown the door.

All we want is OUR football club back and we don't care what league we start in!

Struggling to think who the exceptions were.

Absolutely yloop ! Sage found themselves as owners by default. They lent more and more to Coxhall and co on increasingly preposterous terms, firstly through greed and then in fear. When Coxhall and Goldberg legged it they left Sage [in the form of Pam Duxbury] with giant contractual debts which have taken an age to get to grips with. Except they are too big to get to grips with and Sage just can't fold 'em and walk away. They're not a multi-million outfit. I would guess that a sticking point with Musgrave is that there are other 'legacy issues' which have n't yet been faced up to and Pam is too ashamed to admit what went on during her watch.

Les and Kev.

Les and Kev.

aunty pam....enough of the all debts have been "consolidated" into one owed to sage ...time to come clean on who owes what to who why and how and when....just a thought .....maybe ring gary if you are struggling with this ???

To be honest, Musgrave comes out of this reasonably well IMO and the current ownership look at best incompetent. He's been up front in his statement - doesn't claim to be a Pools fan, recognises he'd be unlikely to make money out of the club, but was prepared to put his hand in his pocket until Pools proved unable to even indicate what the situation is with the finances. I don't think anyone blames him (or nobody should) on that basis - he was prepared to put in a seven figure sum by his own account, but if Pools can't even say what the costs are properly then he won't be the only one applying the long bargepole.

Meanwhile, regardless of how much mess Coxhall left, Sage/Pam are after eight months unable to even confirm the running costs and debts satisfactorily. This probably feeds into the Transfer Embargo as well, as it suggests that we've been unable to provide documentation to the National League on the various aspects of finances that they demand to see (such as HMRC have to be up to date to give one example from memory). We really are at the point of Administration is looking like the only option to even get a clear picture of our ongoing costs....

Been to the match tonight (will post a reflection on that elsewhere) and in a lot of ways it felt like the end is nigh. Even Jeff Stelling (who could have raised a four figure sum just by charging a fiver per selfie) looked and sounded like he has no hope for anyone coming in - it sounds like he had been in contact with Musgrave but doesn't know him well - you really can't see where anyone is going to appear from with a big bag of cash to burn and more passion than sense, and without that.....

I was a little surprised that Musgrave went into such length about why he was pulling out. Just an 'I'm no longer pursuing an interest' would have sufficed. What is he signalling by his statement? Possible messages could include

- there are major liabilities in addition to the Sage debt? Pam/Sage are not being honest? Do they owe money to the Council for example?
- there has been financial impropriety? He's flagging it up for others to pursue. Have legal requirements under Company Law been met?
- the cost of getting rid of people and clearing out the dross is too high? Much comes down to mismanagement and length of contracts
- Sage are not being realistic in the terms for sale? Admin will force their hand.
- the only option is administration? His statement makes early administration/liquidation much more likely? Might he come back after administration in a deal with the Council?

Pam is undoubtedly clearing her throat for one last aria.

https://beta.companieshouse.gov.uk/comp ... G9F62R1ljY

https://beta.companieshouse.gov.uk/comp ... ATU_eq1aUQ

Quick browse on companies house and the club has two outstanding loans against it, from Blackledge/Sage, both from when Coxall was here. Doesn't say how much these are but I imagine they're not small.

I wouldn't hold your breath, I did think that was one possibility but I've learned with Pools ib recent years not to dream.

He might be frightening off any other potential investors or he wants a better land deal with the Council. The Council are becoming increasingly important in all of this.

Pay the wages?

It seems so...

Why don't the council buy the club?

hbc have [had ?]52 million of reserves.... mail 15/1/18...think that should cover it....maybe not ???..

Based on the way these guys spend money thats probably a months worth of wages.

Does Pam do the council's books like?

I would see it as either

- he thinks that we are doomed, and he’s covering his own back in case some of the not-so-lovely people who associate themselves with the club try to cause trouble by blame him for not stepping in.

- he doesn’t believe a word in the accounts and wants an independent assessment of the financial situation that he can trust. Something that would cause all creditors to register a claim for what is owed, so that all skeleton are out of the closet before he commits.

Hope it’s the latter..

" he's desperate to do something for the club but he just felt things weren't transparent enough."

Read more at: https://www.hartlepoolmail.co.uk/news/h ... -1-8977409

The Pools management have a way out and a way to save the club and they still can't show any integrity. I despair.

There's still hope but all fingers are pointed at Pam. I will emphasise again her status as a chartered accountant. How can she not be able to provide financial clarity for a club she's trying to sell? Just what is she hiding???

http://www.bbc.co.uk/programmes/p05s6207

2 Hours 24 minutes in , Stelling, Lewis, and Fireball all sounding depressed but not as depressed as the BBC Reporter doing the last interview. He sounds like he is about to top himself.

The numbers don't add up, even with admin we are going to end up going down. Time to start again lads.

Genuine question, has the Just Giving money been given to the club yet? Is clear now handing that over will not save the club so can it be handed to the Trust instead as a means of saving the club in the long term?

As far as I know it can either be given to the club or refunded. Otherwise it's a risk of fraud.

Refund it, at least that way it goes to someone deserving

And ask them to donate to the Trust

Hopefully Mr Musgrave will come back and help when the crooks have finally been run out of town