As we know Coxall is at best a complete chancer it is probably best to treat his opening gambit on his shares as utter bollocks. He's probably just after something for a club he got for nothing and if he'll go low enough that might be price worth paying. I'm more worried about Sage and Pam because it sounds like the conditions they applied to Gary's loan mean that they effectively control the club - they even have to give approval for other people's shares to be sold!

Like many others I thought Gary would hang on to get the season ticket money and parachute money before legging it. Now I think he/they realised he'd been rumbled and the season ticket money wouldn't arrive so Pam is having a go at raking some cash in before she legs it.

Administration isn't a great prospect but I agree with what other people are saying - Coxall and everybody connected to him, including Pam, need to be gone before we can trust anybody. Not a lot of point in paying Gary for his shares if Pam, Sage and the remaining JPNG minions can still control things.

Has Pam passed the FA's much respected fit and proper person test? She should have done since she's running the club.

We need the security it provides clubs from dodgy gadgies, imagine where Blackpool, Leyton Orient and even Pools would be if there wasn't such a stringent test in place. Thank fook for the FA.

People want us to go into administration well if we do and are relegated we can forget the National league as we have to pay a bond to join that. They could relegate us future down the pyramid not an option in my opinion

Depends on if you'd rather end up like Darlo did, with the advantage of a ground to play in, or would prefer to have the worst team in the league below, watch shite footy and delay the inevitable ending up like Darlo did.

She wouldn't need to do a fit and proper test as she has only assumed the role of CEO, Coxall and Goldberg are still owners.

What's really sad is that while the Premier League money ball rolls around no one gives a toss about what's happening down the pyramid at clubs like Pools. It's all painfully sad but I'm definitely in the camp of not giving these people any more money for nothing

Did Coxall or the company that took over Pools from IOR actually pay any money to buy the club?
Can we see the finances for HUFC since Coxall took over?
What is , who is JPNG? What do they actually do? Sounds like some scam of a company that people can hide behind.
I agree with Chip, Coxall should hand over his share of the club to the trust for free. But what is his share? Can he give it away, what about his share in JPNG.
We have Coxall on record stating that he is 100% responsible for the loans and that it would not fall on HUFC if he walked away.
But we know that is not true. The current loan is secured on the fixtures and fittings of HUFC.
What is this loan amount for? Does anyone know? Surely getting rid of that link to HUFC should be priority?
Also why can't Pam admit they lent money to a dodgy individual so why should we expect to bail them out?
Would it not have been easier for Pam's company NOT to have lent the money. Why did they?
Sounds like a hell of a hassle lending money to a football club to someone with a dodgy past, why did they get involved for?
How much of this loan has been paid back, what are the interest terms, the monthly payments?

I still think the trust has the upper hand and the club know this!
We are certainly not going to give any money to Coxall and if the trust was happy for the club to be put into admin, we could pick up the pieces.
I don't think Pam would want the club to go into admin, but they made the stupid decision to lend to Coxall, so they should be the ones that have to make the compromise.
Plus with little money coming in for season ticket sales, what is Pam going to do? I don't think she has much option!
And I agree that the club has been heading into non league football for a while and those in control have not give one care about the club, they just wanted to make sure they were okay.
Well Coxall, you have been rumbled and I am sure there is lots more to find out........

I'm more neutral about the statement itself, though the fact that Coxall has effectively said he wants a Golden Handshake of that magnitude is a significant problem - and that causes Sage problems as well....

As I see it (and I have no special knowledge), the main problem isn't so much Pam Duxbury as the debt she represents, and the fact that we have nothing concrete about how Sage propose to recover their money. Understandably she has an uphill struggle to win trust, for the old heads that can go back to the Smart/Gibson days this is something like 12 times bitten, 13 times shy.... This does not mean her intentions for the club are bad, but it does mean that people are going to take an awful lot of convincing that they are not.....

Leaving aside the issue of Chancer Coxall, what Sage probably want is the best way to recover their money. At this point I'd suggest there are not that many options on that front - get the Trust on board to pay it off (unlikely given the amount of money needed), hope for big offers for Thomas and Carson (somewhat unlikely I'd suggest, given recent injury and form) and then pay the debt with that, take the money from FL and Season Tickets (but as we need to give a bond to National League should we go down that's not enough), or maybe go for Admin. If they do, they still control what happens to a large degree as the largest creditor, but they take a big risk as they might get a pittance. One option is to do what Stewart Davies (Sterling Consortium) did at Darlo - effectively buying the club themselves out of admin, putting it on an even keel, and then selling out down the line.... or if they really want to play the long game, keep things running, get it on a tight ship, and look to run the club at a profit.

We don't know what options they have, although it's a matter of record that Sage are a proper business compared to JPNG. I'm not blinkered about Pam - there is an awful lot to prove - at the same time I'm wary about letting the justifiable anger at Coxall spill over onto Sage. Yes, Sage will want their money back - they're a business after all - the question is how do they want it back, and is it a price worth paying. Done the right way, over a long term and with reasonable (non-Wonga) interest rates, why not? For now, we need Coxall to get real, and Sage to show their hand properly.

I assumed this part of Pam's statement was a reference to those National League payments?

"Clubs that suffer relegation will lose a large proportion of the Premier League solidarity payments (approximately £350,000pa after National League payments)."

SandyBanks

Wonder if Steve Gibson is willing to bail us out like we did for them in 84!

One can only hope

Cracking post.

I think no matter who you are or what group/message board your from, the one thing we can agree on is that the club is fucked and there is no easy fix at present.

People want to support the club but not Coxall and by the sounds of it Pools/Sage/Pam will suffer the longer Coxall is here.

Where does the ground stand now with regards to the debt? If the debt goes unpaid over whatever ridiculous terms this 'lovely lovely person' has agreed with Sage, will the lease be handed over to Sage as per the charges listed on Companies House?

Like I said earlier I fail to see how it won't be ever paid unless we get to a point when the pot is empty, Sage are financially in control of the club and the day to day running of it I'd imagine the first bill they will pay is that one!

Well that didn't last long did it? despite the initial feel good impact of the statement, it seems we are not much further forward, apart from Pam Duxbury showing her hand in relation to who owns what, where we are at and the consequences and pitfalls should fans not buy season tickets.

Initially Coxhall resigning came across as good riddance to bad rubbish, but he is hanging around like a bad smell and when all is said and done, he could of pulled off a master stroke for himself.

Well Pam
Over to you, If you really want to be open and transparent to the people you want to invest in the club.

Its Simple, Publish the club accounts since the club was taken over(run down) by GC.

Then everyone with the clubs best interest at HART will believe you.

See Simple.

PS: The mone gc is asking for will be a starting figure.

Coxhall on twitter in reply to a fan regarding the financial situation, " Better than it has been in previous years"!!

Is he for fucking real

He means the years when a bloke used to walk around the ground at half time with blanket for people to toss loose change into.

He didn't specify which years so technically (for once) he's not lying.

In reality there is no white knight with a million quid looking to invest in a club like ours.

Coxall has well and truly screwed us over in a phenomenally short space of time for megabucks.

Admin it is......I cannot see any other realistic or viable option......not unless Pam/Sage buyout Coxall and look to hold onto the club until they can sell off shares to interested parties down the line.

The council own the land the ground is on, correct?
Who owns the ground?
What would happen if the loan was defaulted on, Sage finance would sell the fixtures and fittings?
Is that something they would do? Why not let them do that?
Start all over again with a new team and agree with the council to pay the rent each year.

It looks very likely that come the summer, we won't have much of a playing squad left, if you were a player, would you want to remain?
Players will look after themselves, they have no loyalty to the club, certainly not this current lot.

So you either have a club massive in debt, hardly any players and owners wanting a sizeable amount of money before they will leave.
Can't the council kick the present owners out? What is stopping them?
Form a new club from scratch with all new money going on something worthwhile.
It is not as if the current owners are going to hand over the club to the trust debt free !
Is that a viable option for the trust?

We're not in hopeless situation yet, it's fairly grim but not hopeless. A phoenix club and starting again is a very last resort, one I haven't got much stomach for right now, firstly we've got to fight and do everything we possibly can in best interests of Hartlepool United none us want our club to die. For our status we are club with a fairly high profile hopefully someone out there who isn't a complete and utter charlatan doesn't want to see us die either, that is our slight hope. I agree with the sentiment about Coxall getting nothing at the same time, certainly not £600,000.

I wonder how much Goldberg "sold" his 50% share for

As Sage are the de facto owners should the Trust be meeting them not Pam Or GC

Did GC give any personal guarantees on the loans

Something that's puzzling me.

How and why does Pam Duxbury own 12.5%. Isn't she just an employee at Sage?
Was she given it for nowt?
Did she buy it off Coxall?

Coxall seems to think that his 50% share is worth 600K.
Does Pam think that her wedge is worth 125K?

Pam bought shares from Goldberg
Left Sage in 2010

... and why did Pamela Jane Duxbury incorporate a company called FullNinety Sports Management on April 15th 2016.

Was it in this guise she was employed by GC?

Summer 2015 nothing to see there.

.. when she already had a company called PD Consulting incorporated March 2015?

What's your point? I'd imagine she did have other business interests after Sage and before Pools.

Did anyone else wake up at 3 in the morning with thoughts of Sage/Pam/Coxall whizzing through their brain? I know I did.

There's so many questions and so much that doesn't make sense about any of this.

1) What exactly do the FA do when they're supposedly vetting potential club owners?
2) Why did Sage lend money to a lying conman like Coxall if they're a proper business unless they were taken in by his lies. Which then gives me serious concerns about their judgement in anything, let alone being trusted in the running of a football team.
3) How do these people sleep at night?

And the list goes on and on.

What's becoming clear to me the more I read is that (as has already been said) Sage want their investment back, preferably with a profit. It's not in their interests for the club to go into admin. They need season ticket sales/punters through the door so they can get their investment back quicker. Resulting in Pam's statement. Being relegated is the worst thing which could happen for Sage due to the money lost (although parachute payments cover a part of this) so money in from other sources like season tickets become even more important as going out the league no doubt means it takes longer for them to get their money back. I totally understand they want their money back although a lot of me thinks it's their own stupid fault for lending to Coxall in the first place if they don't.

So the most likely scenario, as has been said before, is that most money coming in will go back to them against their loan, the club will be run on as little as possible and so we most likely slip down the leagues anyway. So as terrible as administration would be, I can only see us having to work our way back from nothing anyway so that's why it feels to me like the lesser of two very bad evils.

Sorry if I'm only repeating what's been said before, I'm just trying to get my head around it all as how the hell it came to this.

I wasn't born in the town but my dad was and he took me to my first match when I was a little 8 year old girl (Chester away in around 1984) and since that day the club has been in my blood. I've often wished I'd chosen to support my local team like my brother did or that my dad had been born somewhere else but I made my choice on that day and here we are. I feel sick to the stomach by it all so can't imagine how those who are able to go week in week out, home and away are feeling.

It just sickens me that another club which means so much to so many people has been allowed to get into the wrong hands.

I'm trusting in the Trust and have no doubt that they will do everything in their power to make sure this has a happy ending. But it all seems so hopeless at the minute.


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Goldberg is a 50% shareholder in JPNG.

JPNG owns HUFC, according to companies house, 99%, 6939174 out of 7002270.

JPNG is the only entity that can sell shares in HUFC and there's nothing registered at Companies House.

Companies house obviously hasn't been updated.

I'm not sure. They're both shoestring operations.

It seems strange to incorporate a second company that's essentially the same as her previous and active company, just before taking up employment with a third company, JPNG.

I spoke to somebody who knows Pam Duxbury this morning. He tells me that her and her husband own several long term businesses and that she is an honest and genuine person but he has no idea how she has got involved with HUFC or why.

Make of that what you will, I'm just putting it out there for you.

I'll not post the name and address of her husbands shop. Not yet, until we get more of an idea if her intentions are honest and genuine.

My heads done in with all this crap to be honest.

Im off to walk the dog.

Upon reading Pam's statement I was surprised at the detail and although initially pleased this turned to disappointment upon realizing it is nothing more than a plea for the fans money.

I see the fans as having two choices after Saturday, put your money into the club or put your money into the trust.

If we could trust the current owners then the answer would be simple.

If a legal agreement between the club and trust could be put in place then it would be worthwhile fans putting money into the club (season tickets, tickets etc), as short term that is what is required for the club to avoid admin and the consequences of that points deduction / relegation.

However such a legal agreement would be quite difficult to negotiate, especially in a short space of time. It would have to many clauses, including what money could be spent on, how many shares could be transferred to HUST and when and would be extremely laborious for both parties to be protected.

Me personally, I have joined the trust and will hang fire. In reality I haven't had a season ticket for a number of years but would have no issue giving £250 to the trust should we begin to claim a stake in our club - but there is a long way to go before that I feel.

Duxbury Park DIY in Leyland was posted a month ago Kev.

Would there be any irony in nicking paint from there to decorate Clarence Road?