So you’re for the Kamikze Option over you derangement with Raj..
You are that obsessed with the bloke you are prepared to sacrifice the club on the altar of your obsession.
It’s obvious now that you’ve run out of logical arguments and you are prepared to go to lunatic lengths to satisfy your lust .
As for the name change din’t bother us even though we were kids, because even we weren’t that dumb and were prepared to hang onto what little we had.
This is the ultimate sanction in as much as several of you post only to criticise Raj, little else just a joy ride to ignominy to satisfy your single minded rush over the cliff. When he does go eventually, you’ll start all over again like malignant woodpeckers on a new Chairman or manager…. this kind of nit picking desire is never satisfied or goes away…the woodworm of every club.
For the good of the club my arse!

Well if they’ve been delayed three times where there any discrepancies…it would appear not, but any stick to ‘beat the dog’ will suffice when the dog is smarter the you…… desperation personified.

KPG - everybody who follows football knows you are not going to make money investing in a football club.

and they know that the day they invest. its the reasons why they invest in the first place that needs looking at unless they are lifelong fans of the club or the town itself.

I suspect it’s either to make a quick buck or the ego/challenge of someone who has a successful business and can apply the same strategy to another business just prove a point..depends how tenacious they are.
The hobby club owners just use a straightforward double barrel approach of cash, no challenge, just the application of raw financial power, the ultimate ego trip.

Aren't the accounts there, under Hartlepool Utd, not Clarence 18

Singh owns Pools, he runs Pools through Clarence 18, a registered Ltd company. that way he protects his Prestige Group from being liable to any debts Pools might incur.
https://find-and-update.company-informa ... y/11282080

Right, but there are July 2022 Accounts on website under Hartlepool United.

It's like Premier Inn, Beefeater, Table Table, Brewers Fayre etc etc. All ran under Whitbread, but will appear as individual companies.

Or like Costa parent company is Coke Cola

Parent company of Pools is Clarence 18,

Yes, this is the way businesses are ran these days.

Would you not do the same (i would), Only a fool would risk his own company on a football club.

Can,t believe that for 1 min, Kevin.
It would cost way more to start again than stay where we are.

Year ended 31 July 2022 Hartlepool United made a profit of £809,718 (after recharges from related companies) - FACT - as disclosed in the recently issued accounts of Prestige Group Investments Limited - page 2 - it says so - can't argue with that. And you can also see how much of the loan was repaid. So a good year? A profit on transfers of £195K. Mind, didn't we get relegated?

Hartlepool City or Hartlepool Athletic 2024.
Anyhow dont lie in anymore Snowy it put you in a right fowl mood.
And don't suppose Ratboy was to happy having his morning walkies delayed.
.

Maybe i am a bit slow but I can’t see the figures on the GV. UK website you quoted.
https://find-and-update.company-informa ... ng-history

We got relegated this year 2023.

He got there in the end and a rabbit to boot.

Excuse me if i'm thick, but if Clarence 18 was a company set up to run the Club, how can they be a creditor to the tune of £1.3m?

This lad may be a Darlo fan but seems to know how to read the accounts….

https://x.com/benpearson1997/status/171 ... n20mEeKYTA

It's all in the detail. If the owner(s) of Clarence 18 put in money as working capital for the club in order to keep it afloat then they are a creditor until that money is either written off as a gift or repaid.

Derwent - yes - 2023 - the season after we generated over £800K.

Jamie - Prestige Group Investments Limited - the ultimate holding company. Page 2.

Clarence 18 is an intermediate holding company - majority owned by Prestige Group Investments.

Basically as thought he had taken a lot of money out of the club at a point when we were in decent condition and failed to reinvest in good p!Ayers or retain those who were the better paid ones. Sadly that's his right but we have all been hoodwinked

If any fan believes they have been hoodwinked then they can choose not to go to games.

That's a pathetic segway

Well its almost down to ST Holders only and a few of them will be wishing they Dident bother.
Its the individuals choice tho.
Hoodwinkelization Surely Not
We just been unlucky with injuries and suspensions and poor referees and very unlucky getting drawn against the Mighty Chester in the FA Cup.
UTP.

Hes a good hunter.
Crabs n Lobsters last week. Now rabbits.
I heard a rumour theres Buffaloes grazing in them fields near Elwick n Dalton Piercy.

Back to this near 1 Million Profit.

It produced anutha relegation team 22/23 to the Abyss of Non League.
Can now see the divided views between the fans being a bit more Amicable now.
Well Maybe.

Er, crabs and lobsters was a joke, remember jokes, as crabbing on Longscar at high tide would indicate……your understanding of tide tables is as good as your grasp of economics.

Pity he never rumbled Uncle George eh, you might still be attending Feethams every other week.

How come you aren’t running a football club with your financial acumen, player insight and Mr Men approach to running a football club….a missed chance for Pools.
By the way how is it when we were winning your praise was rationed but at the first sign of trouble you explode into life like a rat with a Terrier up it’s arse, such a contrast in attitude.. Lose joy, win despair.

The accounts show that debt was reduced and that there was still a huge debt outstanding. They don't say when the longer term debt must be paid by either. They don't say that Raj took money out personally, not do they show the size of our playing budget. Considering the cash in the bank, it's probably reasonable to assume that the operating costs of the club are more than £1m per year otherwise why hold so much cash instead of paying off more debt?
Backs up what Raj says about being more financially stable.
The relegation team was put together by inept recruitment and management teams, and by many accounts our budget matched promoted Carlisle's and was bigger than comfortably placed Barrow.
I'm really struggling to understand this obsession with budget meaning success on the pitch, if that's the case how are we losing to minnows such as Chester?

From my knowledge the figures in brackets is money owed to creditors, if that’s the case Pools have a load of debt irrespective how much they have in the bank.

Arent we 5 million or so in debt but paid back quite a lot last year. Reading between the lines around 300k to the last lot of shisters and loik like raj has took back a fair whack too maybe up to 800k.

Nice tantrum.
Now thats out ya system have a nice day.

That dog of his be chewing his ear off now to be taken out for a walk.

Snowy why aren't you all over this wet thumb in the air type stuff? Oh.. I know why.

so true. think many fans are just blinded by one thing, the profit the club made. if every single penny had been used in player recruitment there would be no reason to say we would not be where we still are with the managers we had last season. still with a poor team but with a much bigger debt round our necks. fine to speculate if you really can trust the person who is speculating for you.

So many accountants on the Bunker all stabbing in the dark with figures not one has produced a spreadsheet to prove or disprove how Pools are financially. If Pools are making a profit I fail to see why Singh wants to sell and why offers are not flooding in for a club in the NL who make a profit.

You dont need to be an accountant to see they made a profit in that season it tells you. That doesnt mean to say we will of made a profit last season, relegation will of been a big hit. But it goes to show if you have good crowds a decent cup run a club is capable of making a profit even lower down.

When Raj took over it was reported he committed £1.2m to buy the club. Since then we've operated at losses but for the 2 seasons taking in promotion and the cup runs.
It's easy to focus on the profitable years, ignore the £4.5m debt we had, and the extra cash he must have put in during the bad years.
If he's wanting to take his money back and run, why is he reducing the overall debt rather than just paying himself back, and why leave £1.7m in cash when he could take that and do a runner?
Whatever the budget, we had a group of players that gave us one of our best ever starts to a season (ie they were playing consistently well as individuals and as a team) yet now look like they don't know each other or what to do with a football. Askey and his staff need to do that. If Askey wants players then Raj has said he hopes more players will be coming in as well as the return of Cooke and Mancini.

Mancini might come back but it will take some time for him to be back to his best. We need a bloody good central defender from somewhere, to steady the ship.

I think a good chunk of our debt is owed to sport england.

Plus you don't need to be an accountant to see that they paid off a chunk of the debt as well. Two things in business which must be under control are debt and cash flow. If they are not you are going nowhere except under.
That year was exceptional by comparison to other years so any profit over and above forecast needs to be spent wisely or even retained in reserve but if unforecasted revenue is documented to offset debt then you haven't much choice in the matter. It does explain where the money has gone and reducing debt can never be classed as wasting it.
How many of us bust a gut to reduce or pay off our mortgages. We're reaping rewards nowadays with interest rates as they are.

Well he probably would have been at nursery at the time so I can forgive him that.
The fact about George is he got so much money up front for his worktop business and then started building the white elephant. However the company that bought him out went bust and he never got the balance of what he was owed. That’s when the shit hit the fan.

The basic fact is if the debt were payable any time soon we would be dead and buried.