Clear copy attached.

Incidentally, my concern is not that a loan had been made, nothing wrong with that as long as its sustainable, in fact most businesses borrow to invest. No, my worry is the level of interest. As far as I can see this company specialise in secured sub prime finance at high interest rates compared to more conventional finance sources.

And how much is the charge?

Surely the ground isn't HUFC's to give away?

Jesus....I was having a decent day till I got tore into those clauses. Don't want to be hiding behind the door when the collector comes for his fiver on those terms...

I dont believe there is a human being out there stupid enough not to be concerned

Surely?.

We could lose the lease on the ground though. Meaning that company could kick us out.

So is the loan to pay the players and running costs up to Jan, by then we will have sold 1 or 2 players and then we pay back the loan and have some spare cash for the rest of the season?

If I remember correctly didn't IOR put in their own money every season to keep the club afloat?

As Gary John Coxall has been declared bankrupt before I'd like to think he'd not do anything daft to further tarnish his reputation but then he did agree to take over Pools.

What investment could possibly reap instant reward? Unless we've loaned the money to pay Messi's wages I can't think of anything that would justify taking such a risk when we're already struggling to make ends meet before any loan repayments begin.

We've got no-one fit worth selling!

Sorry to piss on your chips after an excellent result today but;



Thats true fortunately it's owned by the town through the council and I do know that currently there is no negotiations or agreements to sell it. Also we have the ACV.

But..........

All assets include stuff like:
Players although an administration order would nullify the contracts.
Future income such as prize money
Every nut and bolt inside the ground.
Floodlights
Stands - imagine how much in scrap metal the Mill house stand is worth.
Computers, printers, desks chairs etc
All football strips and kit.
All contractual income from sponsorship deals.
Anything you can think of thats not included in that lot.

I am told that there is something in the wind by way of an announcement in January and I suspect that this is a bridging loan not long term finance but I would like it clarified because at the moment a finance agreement of this sort concerns me.

true but we have someone unfit who is! And has he already been sold??!?!? Otherwise why would you borrow money from this type of company!

true, but I would like to know how much is the loan for and how he plans to pay it back? it does not bode well how the club is run now or indeed the future?

No argument there.

I hope ElvisC grills Gary good and proper for his anticipated podcast.

Does anyone know anything about Peter Goldberg? He doesn't give much away.

I would have thought that the lease from the Council would not be assignable to a third party/or transferable. They have been very suspicious of Pools owners over many years so surely they have protected their position. At the very least any assignment/transfer to a third party would surely need their consent.

Hopefully, repaying the loan is a formality and there's nowt to worry about. I dread to think otherwise.

An observation re Assets - I suspect that the FA would have something to say if said assets were regarded as including Player Contracts as surely that would risk being seen as third-party ownership; though that's not to say that pressure to service a debt couldn't mean Pools looking to sell Thomas and other saleable players (Carson?) at an early opportunity.

The whole thing about effectively being able to take on the lease for the Vic worries me, although the restrictions on usage hopefully mean that it's protected well enough that we won't end up being forced out. The big question for Coxhall is what's the money for - some big project, bridging loan, whatever - and how he anticipates paying it back.... If it's dependant on Thomas going for decent money in January, there's the problem of what happens if he takes longer to recover from injury or breaks down again before deadline day.... akin to when we thought we'd be getting north of a million for Boyd, then got a fraction of that after his knee injury and then almost a year later, if Thomas is seen as a risk because of injury the price drops....

As we found out a few years ago! If you carry an asset like the ground then if you do get into trouble its always a good way of enticing a new owner.
However you don't own the ground so should you get into trouble it would take someone who has cash to burn who doesn't mind losing lots of it to come along and bail you out. Or the trust to take it on.
First option is highly unlikely these days, second option would be a bumpy ride for sure but at least you would be in control.

Ok so most companies will use finance to keep the business going but what is a little concerning is we have no idea as to the terms of this loan which puts a charge against all assets, but the finance company are a Newco who have only been around for a year or so. This all feels very dodgy. Perhaps not but we will see I guess by which time it may be too late

Coxhall claims to be all about transparency I'd be interested to know what sort of wage him and other directors are taking out of the club.

We were told the takeover was debt free.
We did ok last season on the unbudgeted income.

If we have to sell in January to balance the books its going to put a lot of pressure on Higgy to produce enough results to avoid the drop.
I think we resigned to losing Thomas next month if he gets fit.

But for me i just hope we still got Carson in goal come February.

The quickest way to make a million in football at this level is to start with four million. If you really want to make a million quickly, start a religion, the God botherers are even more gullible than football supporters, but only just and both are looking for a Messiah who never appears, just promises to turn up one day.
High interest loans sets the alarm bells ringing, I need to know nothing else.
We live in interesting times...... Unfortunately.

Gary Gibsons jag'.
Lawn mower
Didn't someone try to take some brick built dugouts back once because we didn't pay for them.

Who's to say anyone will come in for Thomas????
Even if someone does we'll probably get paid in instalments anyway!!!!

I reckon if anyone comes in for any of our players it will be Carson....but again it will be in instalments!!!!

On the radio on Friday Hignett talked about "players" needing to be sold.

I think, unfortunately, that in the pickle Pools are in right now any decent offer for Carson would be accepted. His performance at Portsmouth yesterday won't have gone unnoticed either.

Adam Bartlett is a decent enough replacement if it comes to it - great shot stopper, less great at commanding his area.

I think without Carson and Thomas the rest of the squad would be more than competitive in the National League.

What happens if thomas isnt sold? Who in their right mind will pay top money for a player thats injured. Coxall likes to be transparrent, so im sure if someone asks him on twitter he will answer how much we borrowed straight away and that theirs nothing to worry about. Hignett has also mentioned of the field problems, doesnt sound too great does it.

Just for a sense of balance.

Just because coxall says something on twatter it doesnt make it the truth or proves that he means it.

There needs to be action by coxall. Nothing else.

Too much pally bollocks at the moment.

How much do you realistically think Thomas would get you if sold? Fair enough he has done well for you lot but didn't exactly pull up any trees anywhere else. He was very average when we had him for a month from Sunderland and it was surprise to me when he ended up at Plymouth. Is any club going to pay silly money for a player who's had one good year out of 6 but has been injured for a long period? How long would that money keep you ticking over for until you needed another loan?

Precisely loan star if he was playing for peterbrough he would probobly fetch 500000 to 1 million. For us be closer to 200000 if were lucky.

I did think, if he was running the club into the ground he's being very nice about doing so. But if a con-man wasn't able to act nice he'd be pretty shit at his job!

I'm trying to remain positive but there's only questions that lead to more questions with only nothing answers being given on Twitter. It'd be a dream to have a rich investor come in but realistically I think we should be dreaming about seeing the season out.

What we need is a local investigative journalist prepared to show sone balls and do their job.

Is there one out there,

Anyway I have read that everything is fine and the moon is made of cheese so you lot should stop scaremongering.

Stop msking Gary tge escape goat.

Bit of context:

This is the only guarantee registered at Companies House - the previous charges have been satisfied - so credit to IOR.

IOR wrote off >£13m - pretty much clearing debt.

The loan document is pretty much standard - albeit, like everyone else, I'd be interested in the interest rate and repayment agreements.

Let's be straight about the IOR fucking shysters!

They wrote off £14m which they transferred to another company, which subsequently was liquidated and they wrote it off against tax. The £14m was comprised of admin charges from IOR to HUFC.

Far from writing off the debt they made a vast profit.

Did I make accusations? I apologise if that's how it read, I was just talking hypothetically.

With all due respect you saw him a couple of times when he was 18 playing in the Northern League. He was a kid.

I am getting sick of your wishful thinking and patronising tone. You have been busting for a genuine crisis at Pools for about 15 years

You may be able to advise us impending doom from first hand experience but we know a good footballer and this lad is seriously talented I have never seen anyone beat a man as easily and as regularly. It wouldn't surprise me at all if at some point played Premier League football, he is quick enough and has the required ability to.

How many times have you seen him play in the last year?

Bit touchy aren't you PJ?? You are one of the most patronising people on this board, regularly winding your fellow fans up. You aren't related to that bell end Loughlin are you? You post like he writes his guff for the Echo.
As for the question, I haven't seen Thomas play since he last kicked a ball for us. I also saw Thomas Butler when he was 18 in League 3 and knew he would go on to play at much higher levels than that. Thomas wasn't anything impressive. His career record prior to joining you lot is hardly one to shout about. Like it or not, a potential buyer looks at his full career rather than the last few months before spending big money on that person.

Did you touch call PJ touchy? Best read that last post back.....


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Oh behave, this is a little more important than petty rivalries and Loan Star has been more than helpful behind the scenes.

Yes i called him touchy. You point out where I have been patronising to anyone on here over this particular issue? I haven't even bothered taking the piss over some of your recent results. As Mr Irrelevant has said, i have even pointed people in the direction of help that has been asked for.
PJ just needs to wind his neck in now and again.

I was only joking hence the smiley things but you can't really comment on Thomas off the back of loan spell four years ago when he was kid, he's still a kid now at 22 in terms of maturity but he has serious ability.

Thats why I justified my opinion by comparing him to Butler. I have no doubt he has done well for you.

Yeah, he'd certainly be good enough for a Wigan or Blackburn-type club. They pay half-a-million regularly for average Joes.

There seems to be a universal rule for football fans when one of their own team's players is up for sale to think of a number then double it.

Whatever Thomas or Carson goes for - if either of them do go - people will be straight on the message boards saying that the reported transfer fee (which may well be a load of made up bollocks anyway) is a disgrace.

I think Carson would go for more than Thomas. Carson is only 28 which is no age for a goalkeeper and seems to be consistent whereas Thomas dips in and out of games. I hope neither player goes but I'd imagine at least one of them will.

I doubt Thomas will go....his injury will see to that!!!!

According to Loughlin on Twitter the loan is for the 'Millhouse Master Plan'