Just now

Seems fair and honest. I am still convinced that Raj will remain in charge and who knows maybe turn the club around.

Sounds like Raj is blaming the trust for his problems? It’s been a month since they provided the update on proof of funds so the 3 months since their initial meeting feels irrelevant. Did he expect them to have a consortium ready to go from then?
Either way this sounds like a ‘give me the money I want or you’ll have no club’.
Really didn’t need this after a positive day

To be fair, the tree months is relevant, ii’s longer than I’d expect in the circumstances, I just wish they’d get a move on.
The ball is in the consortiums court, get on with it.

Doesn’t sound good tbh, Raj seems to be saying shit or get off the pot….but not clear how much it will cost the consortium to take a dump

Just tell us HUST.
Is there anyone in a position to make an offer for the club?
If the answer is no we all need to know.
Cut the crap.

Er, that’s how it works. If you’re selling a house the buyer likes to know at which point you’re going to make an offer.
They make an offer, then they get an idea of what the asking price.

It's a bit strange this isn't on the official site if it's a genuine update for fans?

It is a long time but if you take into account that there was 6 months without a suitable bid before then is it that relevant? You can’t magic up a group of people who A) have money, B) want to invest in Pools and C) are all happy to work together. That will take time to bring together and it’s only been a month since that’s happened.

Its incredible. People are defending Raj for being super cautious about potential buyers. Raj himself said about all the unexpected expenses that there were coming out of the woodwork after he took ownership. And now a consortium are being cautious and taking their time to make sure everything is right. What bloody hypocrisy. What utter cockery to blame people who have NOTHING to do with the club for managerial appointments and signing players. Raj, either you are going to do the right thing by HUFC or you aren't. Stop blaming others.

The way I read this no price has been agreed, while I understand the need for some secrecy, I would think
It’s helpful to understand what the 2 parties have in mind for a price and how close that is

It’s time to get down to brass tacks by giving the consortium an all inclusive figure, not producing a moving target, or gazumoing as we used to call it.
Clarity is needed.

Proper bandits are involved in this consortium Coxall mk2 absolutely garbage.

He's not blaming anyone, he's simply telling us what we already knew - since he put the club up for sale the entire club has been affected. He obviously doesn't have the will, or the available cash, to spend more than he feels is necessary before he leaves.
He says the ball is in the potential buyers court and that they're going to come back to him next week. To expect us to be told the asking price, or even be told the eventual sale price is daft. Why would he do that, we are not involved in the deal?
Good on him for bringing in a new manager and new players though, would any of us spend money on replacing the working boiler in our houses when we've put it on the market? Suggests he's hardly ready to leave us in similar circumstances as he did our much missed neighbours at Darlo.

Any one can ask for the books if interested in buying the club. If the Consortium solicitors have found something they don't like the look of, they can ask for more details and information.

23/12/23 HUST "While nobody has made a commitment yet, the initial proof of funds will allow the consortium to talk with HUFC in the coming weeks and to review some initial high-level information. After that, the consortium members may set up a formal structure and approach HUFC with a proposal. Even then a careful checking process known as due diligence would be needed."

So proof of funds provided and fair to assume "high level information" now seen.
Now make a proposal ...or if you can't just say so.

Yes they can. That takes time and that means its not reasonable for anyone to moan about it taking time.

Trolls and bandits. Cant stand either of them.

You missed the due dilligence bit. You've no idea how long it takes.

"To set the record straight I would like to make some comments. I am part of the consortium along with several others who are all either Hartlepool natives or connected directly to the club. Each have a huge passion for the club, community and its future and have agreed to commit substantial capital for its development and future success. Personally, access to initial information happened only a couple of weeks ago and shortly after the consortium made a substantial six figure offer to purchase the club and agreed to significant debt obligations. Actual details can not be disclosed as we all agreed to a non disclosure agreement. We were told around a week ago that the offer was not sufficient and a further meeting held Friday confirmed that this was infact the current position. The offer remains on the table and we are awaiting a final decision from the clubs owner by Tuesday."

So why does Raj apparently want so much for the club?

Surely at this point it's worth very little

Neither do you.
Contracts normally subject to due diligence.
Need to make an offer first.
Ever bought a house?

If he's not blaming anyone then he's taking it on the chin for managerial appointment delays and player signing problems. Good. He is the owner and chairman and is responsible.

He isn't revealing the asking price and none of us are asking for it anyway so all good.

It looks like he isn't going to do a Darlo with us and is going to do the right thing.. Good. Credit to him for that. For me that will be my lasting impression of the bloke.

I appreciate your thoughtful expression of concern and respect for the trust and its representatives regarding the ongoing ownership transfer saga involving the club and Raj Singh. It's evident from your statement that there's a palpable frustration with the prolonged waiting period.

Delving into the core queries, transparency is crucial, and understanding the composition of the consortium the Trust is working with is a valid concern. Additionally, the financial stability of this consortium is pivotal for ensuring a smooth transition of ownership and subsequent management of the club. Your emphasis on these questions, given the passage of nine months since the saga began, highlights the urgency for clarity and decisive action.

The prolonged timeline indeed raises eyebrows, prompting the question of whether the Trust is aware of potentially negative answers to the inquiries regarding consortium details and financial viability. This raises concerns about the effectiveness and transparency of the ongoing process.

Addressing these concerns directly to the Trust seems reasonable, urging them to provide comprehensive answers to the questions raised. If the Trust cannot offer satisfactory responses, it raises the valid suggestion of stepping aside to avoid perpetuating false hope among fans.

In essence, your call for transparency, timely actions, and accountability in the ownership transfer process resonates with the collective sentiment of fans who are eagerly awaiting clarity and a positive trajectory for the club.

Correct... but plenty on here who will either say they know, or would demand it be disclosed as they are entitled to know.
Exactly the same with the Scouse gits contract.

Yeah it was a drawn out ballache. Your point?

Someone who's supposed to be part of the consortium has posted on another thread that their offer was knocked back and they're waiting for Raj to come back to them by Tuesday. That totally contradicts the statement released which says the Trust and partners will come back with further proposals early next week?

So is Raj asking for to much then or is it all hear say??

There isn’t enough detail to make a judgement from outside only that there are serious discussions.

‘A substantial six figure sum”. Well all six figure sums are substantial but there’s a long way between 100k and a million.

Debt obligations? To Sage or Prestige Group? I suspect the latter.

Offer not sufficient sounds like a big gap between the two.

It’s an interesting conundrum for Singh. He’s negotiating with a single buyer and no other option around. He’s stated many times that he’s away and soon so his position is quite weak. The alternative is to lose everything including the debt held by his group of companies.

Tell me you're massively reserving judgement on the credibility of that post. I really hope so. You don't seen the gullible type.

'Plenty on here' aka no bugger.

Totally inconsistent with the clubs statement ..so someone is not telling the truth now are they ?
So who could that be ?
HUST have rightly said it's all confidential... so would a consortium member post details of a transaction such as this on social media.
"I am part of the consortium"

It"s indeed interesting. Nobody knows anything that isn't balls deep in the process and all this impatience is generated by sheer bloody nosiness. I feel it too mind. HUFC is precious to me and I want to know what's going on. But I'm not going i know and that's OK as I can't change the outcome whether I know or not. None of us can.

Is this the same Stephen Paylor
https://www.hartlepoolmail.co.uk/news/p ... na-2943145

https://www.youtube.com/watch?v=UN-z_5KPshE

Seems like a real person and a football person. We should know who else is in the group. Surely that doesnt need to be a secret.

He’s real and his football academy is real but obviously we can’t verify whether his place in the consortium is real. I can’t find any filed accounts on the Government SEC for it though but that make be down to my inexperience on the US system.

As I said, totally contradicts the club statement, and probably in breach of confidentiality agreements and could therefore potentially scupper any deal entirely if genuine.

It’s 1.8 still owed to Pammy and Goldberg Farcical

God I would be much happier if you weren't right... but you are. This is getting incredibly murky and has an the signs of going tits.

The only party’s who should know the financial particulars are the buyer and seller.

Timing suggests that the consortium saw the statement from the club and didn't like that it made it sound like they were dragging their feet so said something themselves.

Like buying or selling a house. No one elses business really, until contract is exchanged

Without casting aspersions I keep getting an image of Ted Forster and Darlo Pete in my head…….


For those who weren’t around for the Ted saga.

https://www.thenorthernecho.co.uk/news/ ... viour-ted/

Its all of our business as fans of 'our' football club

Once upon a time there were three bears.

I think we all knew it wouldnt be plain sailing with raj, its no surprise raj's mouthpiece has returned to this board recently. So i guess trouble lies ahead for us.

What about the shareholders or our 3500 fans just mugs who are promised the world when the STs are up for renewals.
Debt free club last week weren't we.
More questions than answers lately.

You don’t have a financial liability that’s why…we’re all ‘customers’….like it or lump it.
If your neighbour was moving, you have no right to know the business of the seller and buyer, even though it could affect you, same thing.

So an offer was made to the seller and, assuming it was the first serious offer, you seem surprised that it was turned down.
If you actually became involved in owning the club you will be in for a good deal of seeing initial offers turned down when you try and negotiate with hard nosed agents in player negotiations. Saying by gum this isn't plain sailing will get you exactly nowhere.
So you are right there is trouble ahead for you.
Did you deliberately try to hound Raj out of the club in order to get the club for nowt. It wouldn't surprise me if the man refuses to sit at the same table as you my friend, especially now you've shown your true colours, always assuming that your claims are genuine.

Kev, if you read the post where Mr Billy and his consortium on here said they offered "substantial debt obligations" to the club as part of their takeover negotiations it might make you consider whether the club is debt free or not.