Administration rumours

Willis · **Joined:** Mon Nov 25, 2013 11:45 am **Posts:** 601

Heard it now from 3 different sources.

TMH have no money and Ken is funding the club till the end of the season hence no signings.

new owners have no money and will not pass fit owner test. IOR have spoken to Niramax etc but nothing going to happen.

roadrunner · **Joined:** Fri Mar 02, 2012 6:32 pm **Posts:** 266

Don't understand this Ken Hodcroft is supposedly a shred businessman. Thought he had vetted these (TMH) people prior to the deal go through?. Don't tell me Ken's had the wool pulled over his eyes.
He maybe knows how we feel like now, if this is true.

Seagull, Seagull, Seagull. · **Joined:** Tue Dec 02, 2014 11:44 pm **Posts:** 477

Why would Ken still be putting money in?

Mctee1908 · **Joined:** Tue May 15, 2012 7:51 pm **Posts:** 640

Any idea why they wouldn't pass the owners test? You can't fail it just because you have no money behind you, you either need to already be involved with another club, have a criminal record, or have already been involved twice in putting other clubs into administration.

Willis · **Joined:** Mon Nov 25, 2013 11:45 am **Posts:** 601

Why the length of time for the FA to grant the new owners

Aberdeen Pools · **Posted:** Sun Jan 25, 2015 5:15 pm

The FA would also have made an announcement if it had been failed as they have done, twice, with Leeds United.

Mctee1908 · **Joined:** Tue May 15, 2012 7:51 pm **Posts:** 640

From the FA site...

Quote:

3.3 If any person proposes to become a Relevant Person of a Club (including for the avoidance of doubt by virtue of being a shadow director or acquiring Control of the Club):
(a) the Club shall no later than 10 Normal Working Days prior to the date on which it is anticipated that such person shall become a Relevant Person submit to The League a duly completed Declaration in respect of that person;
(b) within 5 Normal Working Days of receipt thereof The League shall confirm to the Club whether or not he is liable to be disqualified as a Relevant Person under the provisions of Rule 2.1, and if he is so liable The League will take the steps set out in Rule 2.2; and
(c) he shall not become a Relevant Person until the Club has received confirmation from The League pursuant to Rule 3.3(b) above that he is not liable to be disqualified as a Relevant Person under the provisions of Rule 2.1.

So it only takes 1 week for the League to confirm whether they have passed the owners test. So why the delay?

PoolieTom · **Joined:** Tue Aug 31, 2010 2:30 am **Posts:** 779

If we were running self sufficiently when IOR were in charge, why would they now be putting money in? Or were they still bankrolling us to a million pound this year, despite the Baldwin and James money?

offshorepoolie · **Joined:** Wed Oct 14, 2009 7:32 pm **Posts:** 6011

Kens paying the police and the VAT bills

Willis · **Joined:** Mon Nov 25, 2013 11:45 am **Posts:** 601

What money has been put in? Where's the signings???

Willis · **Joined:** Mon Nov 25, 2013 11:45 am **Posts:** 601

I'd rather take the 10 point hit this season and start a fresh

pooliecrab · **Joined:** Tue Dec 16, 2014 9:31 pm **Posts:** 6028

The rumours persist...
Maybe the new owners are just a front since Ken has broken his own set of rules. If 'an IOR company' went into administration or got relegated out of the league that would be a huge embarrassment to IOR. Just maybe they've removed their name before the inevitable happens to avoid damage to their company's reputation.
If, or more probably when, oil prices increase and IOR have more disposable income, who here would welcome them back? If they spent like they did before it'd be hard to say no.

I honestly believe it's time to go fan owned. We'll find our level eventually but whatever level that is the fans will know what's happening to their club.

kevin pooles gloves · **Joined:** Tue Oct 07, 2014 2:28 pm **Posts:** 9873

Got to agree with pooliecrab that the dodgy takeover was something to do with saving hodcrofts arse .

Seagull, Seagull, Seagull. · **Joined:** Tue Dec 02, 2014 11:44 pm **Posts:** 477

Chip Fireball wrote:

Seagull, Seagull, Seagull. wrote:

Why would Ken still be putting money in?

To ensure staff still got paid during the handover period ? All the indications are that IOR are still paying the staff, certainly the non playing ones.

Not for a second questioning this but I'm clearly not upto speed. How come IOR are doing this and what do we actually know about the situation?

Willis · **Joined:** Mon Nov 25, 2013 11:45 am **Posts:** 601

It's more plausible now though

LoyalMonkey1908 · **Joined:** Wed Jul 31, 2013 7:41 pm **Posts:** 254

I don't doubt the rumours and never have. There was no chance Murrall and Co would pass the test, despite our defender of the faith Russ having vetted them thoroughly. The money is still in IOR's accounts and IOR are verging on a financial implosion anyway, so I don't get this "it's saving IOR the embarrassment" talk. I could go on, but I'm sick of repeating myself.

As for fan ownership I concur. But it's no use reigniting the debate when we have already reached the abyss. If we're going to do something it needs to be now.

Chesssington · **Joined:** Fri Oct 31, 2014 6:36 pm **Posts:** 900

The lack of communication from the 'new owners' is beyond a joke banghead

Ronnie is clearly getting the best out of the cards he has been dealt but we have no chance of surviving sadx

tupling's barber · **Joined:** Fri Sep 30, 2011 9:47 pm **Posts:** 250

As I understand it TMH have agreed a takeover of Pools with IOR whereby TMH become the controlling shareholder of the Club.

Peter Harris of TMH 2014 has taken over as Chairman with Ken leaving the board.

This is, as normal, subject to Football League approval and it is anticipated that such approval will be granted in due course.

Until that time , however , IOR still have a stake in the club & no takeover has yet been ratified ; so while TMH are "poised" to take over ownership as yet they haven't.

If anybody can be arsed to check the situation with Companies House that might shed some light on the situation as to who owns what at the current time.

PoolieTom · **Joined:** Tue Aug 31, 2010 2:30 am **Posts:** 779

Chip Fireball wrote:

Speaking hypothetically, if IOR handed over the club debt free to TMH, then the new owners would not have the benefit of season ticket sales money, money from the Football League, sponsorship money paid in advance, etc. Their primary source of income would be the money from the home games via admission and matchday sales. That on its own wouldn't come close to paying the bills month on month.

Surely there is a ruling that stops this situation from occurring? Also speaking hypothetically; I don't have any unspent convictions, I haven't been involved in clubs ran dodjey before etc.. If pools were up for sale come May, surely I couldn't 'buy' the club, sell season tickets, gobble up the August payments for James and Baldwin, bank sponsor money, then pack in?

I can't comprehend any reason why TMH would take over if they had zero cash, and were taking over a club with zero in the bank, and zero going into the bank for the next 6 month atleast. I imagine this would be a justifiable reason to fail the FA tests, but more importantly no one would be that stupid, would they?

pooliecrab · **Joined:** Tue Dec 16, 2014 9:31 pm **Posts:** 6028

tupling's barber wrote:

As I understand it TMH have agreed a takeover of Pools with IOR whereby TMH become the controlling shareholder of the Club.

Peter Harris of TMH 2014 has taken over as Chairman with Ken leaving the board.

This is, as normal, subject to Football League approval and it is anticipated that such approval will be granted in due course.

Until that time , however , IOR still have a stake in the club & no takeover has yet been ratified ; so while TMH are "poised" to take over ownership as yet they haven't.

If anybody can be arsed to check the situation with Companies House that might shed some light on the situation as to who owns what at the current time.

As has been repeated on this board several times, the FA endeavour to complete the process in 2 weeks. That would be when the new directors fully cooperate and provide whatever is asked of them. The reason for the delay has to lie with the new owners secrecy, we've seen for ourselves how little openness they offer.
If they were 'football people' as suggested by Jeff Stelling, why after 6 weeks do we still know nothing about them and have not a single permanent signing? They or at least Russ Green is fully aware of the Bunker and know how the fans are feeling/thinking, just a simple statement advising what the feck is going on would stop any silly rumours.
As for checking with companies house, I'm sure if anyone checked they'd find nothing but IOR/Ken Hodcroft written everywhere since the takeover is 'subject to league approval'...still.

kev_hufc · **Joined:** Mon Jun 25, 2007 12:23 am **Posts:** 514

Mctee1908 wrote:

Any idea why they wouldn't pass the owners test? You can't fail it just because you have no money behind you

Yes you can.
Part of the test is proving you can financially sustain a FL club.

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kev_hufc · **Joined:** Mon Jun 25, 2007 12:23 am **Posts:** 514

Another issue to consider is also that the FA insist that all FL club websites show details of all shareholders who hold 30% or more stake in the football club.
That part has been removed from Pools' website now, and I can't find anything to do with TMH2014 ltd on there.
It's not difficult to see what's going on.

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tREE_wiTH_hAMStER · **Joined:** Sat May 19, 2007 11:00 am **Posts:** 20758

kev_hufc wrote:

Another issue to consider is also that the FA insist that all FL club websites show details of all shareholders who hold 30% or more stake in the football club.
That part has been removed from Pools' website now, and I can't find anything to do with TMH2014 ltd on there.
It's not difficult to see what's going on.

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When you say its been removed, was it there in the first place?

Time for Russ to ring that Boxing guy me thinks.

thetownendfaithful · **Posted:** Mon Jan 26, 2015 1:06 pm

Time for Russ to fuckoff more like

tREE_wiTH_hAMStER · **Joined:** Sat May 19, 2007 11:00 am **Posts:** 20758

thetownendfaithful wrote:

Time for Russ to fuckoff more like

Well, yeah but hopefully he rings the Boxing Guy, they take over and bin him off.

pooliecrab · **Joined:** Tue Dec 16, 2014 9:31 pm **Posts:** 6028

One reason they might not pass the test is the FA would want to know who's behind the consortium. The only confirmed name I've seen is Peter Harris and maybe they are telling that to the FA too.
Fact is Harris has business links to people who have been part of other football clubs who have had financial difficulties. This might well be the stumbling block for the FA and maybe the delay is in them finding more out.

The question that needs an honest answer from the owners is 'why so quiet?'.

kev_hufc · **Joined:** Mon Jun 25, 2007 12:23 am **Posts:** 514

Tree_With_Hamster wrote:

kev_hufc wrote:

Another issue to consider is also that the FA insist that all FL club websites show details of all shareholders who hold 30% or more stake in the football club.
That part has been removed from Pools' website now, and I can't find anything to do with TMH2014 ltd on there.
It's not difficult to see what's going on.

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When you say its been removed, was it there in the first place?

Time for Russ to ring that Boxing guy me thinks.

Yeh it was there as I remember seeing it.
It had the names and percentages next to them.
I remember as there were 2 names on there who I had never heard mentioned before.

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tREE_wiTH_hAMStER · **Joined:** Sat May 19, 2007 11:00 am **Posts:** 20758

kev_hufc wrote:

Tree_With_Hamster wrote:

kev_hufc wrote:

Another issue to consider is also that the FA insist that all FL club websites show details of all shareholders who hold 30% or more stake in the football club.
That part has been removed from Pools' website now, and I can't find anything to do with TMH2014 ltd on there.
It's not difficult to see what's going on.

Sent from my iPhone using Tapatalk

When you say its been removed, was it there in the first place?

Time for Russ to ring that Boxing guy me thinks.

Yeh it was there as I remember seeing it.
It had the names and percentages next to them.
I remember as there were 2 names on there who I had never heard mentioned before.

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Murral one of them?

kev_hufc · **Joined:** Mon Jun 25, 2007 12:23 am **Posts:** 514

I can't remember now unfortunately.

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pooliecrab · **Joined:** Tue Dec 16, 2014 9:31 pm **Posts:** 6028

http://www.endole.co.uk/company/09349144/tmh-2014-limited

Follow the link and click Blue Husky on the right hand side under connected companies. The FA would surely show concern at that since you can't have interests in more than one club.
Nothing to say any one person does but it's a bit worrying that there's only 1 degree of separation between 2 football clubs.

Loid Haw-Haw of Sussex · **Posted:** Mon Jan 26, 2015 2:08 pm

Administration....ooffff it sends a shiver down my spine that word does.

offshorepoolie · **Joined:** Wed Oct 14, 2009 7:32 pm **Posts:** 6011

The Ghost of Sussex07 wrote:

Administration....ooffff it sends a shiver down my spine that word does.

Well you lot are experts

pooliecrab · **Joined:** Tue Dec 16, 2014 9:31 pm **Posts:** 6028

I'm sure it will do to us to if we ever enter it as many times as your old club did before they ceased to be.

kevin pooles gloves · **Joined:** Tue Oct 07, 2014 2:28 pm **Posts:** 9873

We were 6 divisions above darlo now its looking lime only 2 divisions will seperate us next season. Hope we not playing them the year after!

Loid Haw-Haw of Sussex · **Posted:** Mon Jan 26, 2015 3:22 pm

kevin pooles gloves wrote:

We were 6 divisions above darlo now its looking lime only 2 divisions will seperate us next season. Hope we not playing them the year after!

Well pointed out Kevin pooles gloves..

pooliecrab · **Joined:** Tue Dec 16, 2014 9:31 pm **Posts:** 6028

Just hope our club still exists next season as it must of been heartbreaking seeing the club you love die. Ah well at least you have that club with random numbers in its name up at Bishop Auckland.

Malcolm Dawes Knew My Father · **Joined:** Wed May 11, 2011 4:25 pm **Posts:** 4198

The silence from the new owners is deafening and there is clearly a rabbit away, but is there a shred of evidence that this particular rabbit can/will/must (tick according to level of paranoia) lead to imminent administration/extinction?

As far as I know the staff and the bills are still getting paid. Anyone know any different?

Brian Honour's Left Foot · **Posted:** Mon Jan 26, 2015 4:58 pm

Who has the Golden Share?

Loid Haw-Haw of Sussex · **Posted:** Mon Jan 26, 2015 5:18 pm

pooliecrab wrote:

Just hope our club still exists next season as it must of been heartbreaking seeing the club you love die. Ah well at least you have that club with random numbers in its name up at Bishop Auckland.

Would it bother you that much being called Hartlepool 1908 ?..We're a happy bunch nowadays and thats all that matters sonny..

thetownendfaithful · **Posted:** Mon Jan 26, 2015 5:25 pm

Brian Honour's Left Foot wrote:

Who has the Golden Share?

IOR

pooliecrab · **Joined:** Tue Dec 16, 2014 9:31 pm **Posts:** 6028

The Ghost of Sussex07 wrote:

pooliecrab wrote:

Just hope our club still exists next season as it must of been heartbreaking seeing the club you love die. Ah well at least you have that club with random numbers in its name up at Bishop Auckland.

Would it bother you that much being called Hartlepool 1908 ?..We're a happy bunch nowadays and thats all that matters sonny..

Just have to hope it never comes to that. If it did I'd consider switching allegiance to Hartlepool Town/Seaton before some newly formed club with a tenuous link to Hartlepool United.

Mr Irrelevant · **Joined:** Thu Aug 17, 2006 8:25 pm **Posts:** 22681

The Ghost of Sussex07 wrote:

Would it bother you that much being called Hartlepool 1908 ?

I believe that the club's bank account already is.

Administration rumours

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