Paying the bills

https://www.hartlepool.gov.uk/news/arti ... ool_united


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It's great that the council are doing this and that it's low risk to the c/taxpayer but this is further proof that the club is in dire straits and that Singh is no saviour

I presume Singh rightly won’t pay the bill till he owns the club.

He is a business man - he aint daft.

Well done to the Council for saving the club for a 2nd time!

Seconded tree.

Fair play to the Council for saving us again


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‪Reading between the lines this is likely to have been the stumbling block. Singh not willing and Sage able to pay this months wages right now. Compromise is that the money is loaned and then paid back through transfer fees which were owing to Sage as part of the deal‬ at some point in the future. Question is, who is liable if the transfer fees aren’t realised in September?!

I’d image that would be Gary Coxall, he insisted that any debt when he was in charge and after would always be in his name.

These are the remaining instalments owed to the club for players we have already sold, so if they aren’t paid, then the buying clubs are liable.

Ahhh! I see.

2nd time? What about all those times they didn't sell the ground? Thank fook we didn't get our wishes then.

Call me a cynic, but whose up for election in May.....?
Trouble with this is any company or body in difficulties could also ask for a bit of help with the wages.

They must be certain they will get the money back or they wouldn’t have done it.

first bit is spot on

Whatever the motivation since the start of this mess the council have done everything they possibly could to help the club survive. As a Pools fan I can’t really knock them seen as I’m not paying Council Tax anymore!

I am one of the most cynical people out there, but on this occasion I don’t think the council are doing this for votes or anything, they have a history of ensuring this town has a professional football club, from the reduced rent of the ground, the continued refusal to sell the ground, trying to bring investors in to the club, financially supporting the club in its hour of need twice. They are doing this because of the importance the club is to the community, the jobs it brings to the community and the pride it brings to the community

Surely there'd be more in the town against the council bailing out the club? There's a lot of short sighted folk that don't see the benefit of having a club in the town.

this has not just been agreed in the past 24 hours surely, it's all part of the wider complicated fook up.

I'm not a council tax payer in the town but I thank you.

Most roads in the North East are a disgrace, when my shocks go I will send the councils a bill.

You go down that road and you don't have art, you don't have leisure facilities, you don't have celebrations, in fact you don't have any reason for people to stay in 5-star Dullsville.

No good banging the drum about cuts and cutting services when you can afford to bail the club out though is there....?
Self defeating.

To be fair £77k is bugger all compared to the council’s overall budget and they’ll get it back, who knows possibly with a bit of interest.
As others have said, having a club is vital for jobs and maintaining some kind of national profile. The loan shouldn’t be needed but we are where we are, and I think they’ve done the right thing.

Speak for yourself, no matter how big the budget, it is a lot of money.
Well it is in my world.

Councils are legally obliged to have reserves and contingency funds - if they don't they can get into trouble for financial mismanagement. They have such big turnovers that these funds run into millions and look massive. As they're getting the money back soon and there is virtually no risk involved they can help Pools out using a fraction of the money that is just be invested for a rainy day.

I've always thought that they run reserves that are far too big and spent a lot of time arguing that if you're closing special schools and support services for the elderly it's obviously a rainy day. answer was always the same - we've got no choice.

Our council have £52 million in reserve.

A couple of quotes from other boards,

It’s funny that HBC can find the money to loan to pools, a private organisation, but cannot fund adequately children and adult services and road repairs (particularly needed after the cold spell).
Is there an election in the offering?

I see the Cranny Pot Noodle scheme is being run over Easter too.
Rossmere Park gets a half a million pound make over as Seaton Park is neglected.
Manor bulk waste removals.
Might as well post rivers through letterboxes with vote Labour wrote on them.

The decision didn’t even go before the Full Council, yes I want to see Pools survive but this definetly all about the Local Elections, all sorts of money being collected from the Councils Magic Money Tree for schemes in Labour Wards.

I said that in the context of the £52m that the council have in reserve. There are presumably loaning the money from that and will get it back.

But, every other company can appeal to the council for funding now. They've set a precedent that will backfire on them.

However, the people who should have been paying the wages should be coughing up.
It's like having kids and not feeding or clothing them and asking the neighbours to fund the kids because they don't. Ridiculous.

It’s a loan at Nil risk. They’d be criticised if they said no. I deal with politicians regularly. They are in a no win situation usually. And people must expect they will please their voting public. I wouldn’t do the job myself. Giving the loan was the sensible thing for them to do all things considered. Saying that I’d sack the lot of them me.

Edited for inaccuracy so the rest of us can see what it appears to say to people who think it's a disgraceful waste of public money.

I totally understand people's issues with this as it certainly does set a precedent should other businesses struggle in the future, though in this scenario it does feel like a risk free loan given the transfer income is guaranteed by the FL and will now be paid direct to the council.

Surely most of the amount loaned will be for salaries of people that live in the area and the money will therefore fund the local economy through other businesses? Some of it will essentially go straight back to HBC in council tax

If another local business brings in 10million quid a year to the local economy, then I'd have no issue with the council loaning them 77k either

Don't kid yourself that the loan money could be used for funding social workers, road repairs etc. It would simply sit in a deposit account for reasons described by toulouse so full marks to the council for recognising the need for a professional football club in the town.

I'm not sure that Social Care workers would work for a year in return for a loan of £20k that must be paid back in full within 6 months.

Egg-fucken-zactly.

If they had been hoying money at Pools without any expectation of getting it back that would be different.

And all the time in the 60s, 70s and 80s, when Pools used to beg the council to buy the ground off them ( AGAIN ) in order to raise funds to survive.