The Poolie Bunker

Was at the HUST AGM this week and the revelations abut the Take over was discussed. Raj asked the Trust to seek possible buyers as no one had come forward when he announced the club was up for sale. The trust found a consortium and they deposited £600K in an escrow holding account to show as requested they had the money to show good faith and that the money to run the club. Raj then rejected the offer and then 2 increased offers. This led to the Trust being £17,000 out of pocket for legal fees. On hearing this there was a lot of very astounded people at the meeting.
We live in hope that Raj will sell when such realistic offers are made.

Thought the Trust were only involved as a facilitator so if they ended up out of pocket was this because they were a stakeholder in the Consortium?
Realistic offers are only realistic when both sides agree.

Sounds like the club was never up for sale.
Just Sing playing with his toy HUFC.

Eh? HUST were always a partner in it. That was the point.

Think most of that was said at the time. There was an interview on Tees where one of the trust talked about it, including money stuff. Fact legal fees were spent shows it was serious though, which is new (to me at least.)
What always came across to me was that Raj wasn’t serious. Got the impression he was playing games and the trust called him out by actually getting a consortium together. Fair play to them.

Think most of that was said at the time. There was an interview on Tees where one of the trust talked about it, including money stuff. Fact legal fees were spent shows it was serious though, which is new (to me at least.)
What always came across to me was that Raj wasn’t serious. Got the impression he was playing games and the trust called him out by actually getting a consortium together. Fair play to them.

You thought wrong then. They were part of the Consortium...Raj...it wasn't an hidden FACT!!!

Nail on head 100%

It was all about going through the motions …… nothing was ever going to come of anything because I never expected anything to happen till the club was a more viable product to sell and profit from.
We’re in limbo and I anticipate no change till our sell-ability value goes up.

You of course could be right but logically I think it’s more likely Raj will go this season. We’ve in a sh!t ton of debt, season ticket sales are down, match day take is presumably down in the back of smaller crowds, so come Jan/Feb the upfront money from fans will have run out, so will need to be topped up by Raj. Raj could put more money in at that point but I just don’t see why he would? He obviously doesn’t enjoy it much, his ‘board’ have been dealing with stuff we’re led to believe, so why would be bother? He might gamble on getting promotion but let’s be honest, that’s a stretch. It’s a sliding doors moment for us and him.

The huge caveat is (and why Snowy could be right), Raj is totally unpredictable and doesn’t necessarily act logically. After all, he screwed Darlo over because the fans upset him, to his own financial detriment. Surely if he deemed an offer to be unsatisfactory this time and pulled the plug it would be trickier. You’ve got to think local authorities wouldn’t deal with someone who has damaged two communities and legally, his business practices who be put under a microscope.

All that considered I think we’re nearing the end of his very mixed regime. Pass us on and history will be kind to him.

problem is there are always two sides to every story and people will only accept the side that suits them. doubt the whole truth and nothing but the truth will ever come out but something will be passed into folklore though.

As a long standing member of HUST I'm more disappointed with the fact that the emergency investment pot (should it ever be needed) is now 17k down.

Yep, I thought wrong, but it would appear that a fair number of Trust members (those at the meeting who were astounded) mustn't have been aware of the true picture either.

Think hes new best buddy (on the board) the one who loves the Trust ( )
Got to geather with him and really just decided to take the Piss.

You cant logically deal with THAT mentality, I think He will probably dump the club on its arse
And we, Like Darlo will have to start again.

Silver lining is the club will rise again WITHOUT the new board member ( And his DOSSER mates) you know the cowardly type, And they will
NEVER cross the threshold again.

NSD!!!

Yep, thanks Raj. Why he’s ever got involved in two football clubs is beyond me other than he sees an opportunity to make money. I suppose he got a load of land for his care home out of it while we are on tenterhooks about the future of OUR club. It’s why I just can’t go anymore while he’s there.

Does feel like Raj gets duff advice but that’s what happens when you surround yourself with yes men. That said, Raj is quite probably able to make weird decisions on his own!

I get the distinct impression that will be of little interest to him.
What I’m saying is this is the last season to keep the ship afloat.
However, it could be a case of going for broke this season, because after this season the club is gonna be more of a financial burden.
Or is he the sort of person determined to prove everyone wrong, would this team start next season bedded in and capable of going for broke next year…l?
I just don’t see him going anywhere, even maybe out of stubbornness.
We live in interesting but frustrating times.

Some people who operate a successful business, genuinely believe they can transfer their talents from one business to another seamlessly, …it doesn’t work like that.
Especially in football.

I know of several poolies who have been loyal supporters of the club who no longer go to games while Raj is the owner.

Quite possibly he might do that, we’ll have to wait and see. He could do a Hail Mary and go all out for promotion because he loses EFL parachute payments after this season. Huge gamble like.

Lovely to be able to wholeheartedly agree with you!

I return the compliment

I wonder if Raj also had legal costs, apart from that his little game of pretend cost the trust £17k. That was money donated by ordinary supporters of the club. Shame on you Raj.

Would imagine both sides had legal costs but as the potential seller Raj's would've been a lot less. The potential buyer would have to fork out for due diligence and preparing the formal offers. Costs nowt to look at the offers and turn them down.

That's a high ammount of Dosh.
Which will further divide the apathy between fans and owner.

Only promotion will bridge that.

Who makes money out of football? As far as the ground goes isn’t it the councils?

It's only shame on Raj if the asking price and terms he was asking weren't met. We'll never know. Bringing in Lua Lua, and the other new lad would suggest that some serious effort is being aimed at making the play offs. Then it's a whole new boardgame wrt if he'll sell.

The first offer was agreeable to Raj who then changed his mind. Two increased offers were then refused Raj trying to do separate deals with members of the consortium who refused on a matter of principle .

If that's true I can't see anyone ever offering to do a deal with him in the future.

Sounds like this is the main problem. People won’t deal with him, hence approaching HUST, the only people who care enough to try and do a deal.

Serious effort to scrape into the play-offs.
Wow.

We HUFC in division 5.
That should be the bare minimum necessity.

Anyone thinking finishings 8th bodes well for next season is delusional as the money won't be there.
Already 400 of the 2000 St holders can't be arsed and no Parachute dosh n no fa Cup moneys.

Add in the fans n sponsors ain't getting a decent return since DC left the club.

A little bit of common sense strategy of why the majority realise we in the last chance saloon this season.

What will be because hope from us lot counts for zero.

UTP.

Wrexham n Stockport are detriment to why he's undealable.
Obviously that will hurt his mini Messiah crew.

Wonder who sponsors the ground next season?

The Samaritans maybe.

Plenty of clubs have made the play offs without parachute payments, we've done it. Strangely very few relegated clubs have actually bounced back to the efl in the first 2 seasons in the NL.

true but many are basket cases when they drop out of the league or surrender their spot by bad managerial appointments like us.

I’d like to know why it coats £17k to make an offer….
Had it got to the legal takeover stage…excuse my lack of knowledge on the matter.

Although there was a £1.3million covid loan.

17k was just the Trust share of legal costs so the full cost must have been sizeable.

Sounds like raj spat his dummy and said you buy it then…had his bluff called so shifted the goalposts all costing the trust a big chunk of cash.

Then you have him appointing the likes of Pearson who based on what I have read here is very anti trust to his fake board
When he does finally leave I hope the history of who tried to help the club Vs who hitched themselves to Singh is remembered as the usual weasels try to rewrite history

I wrote a thread before of how fucked we are next year, I can’t see us making playoffs this year or going up but it really is our last chance

I like you and most Poolies are rightfully worried about the future Loyal. But I honestly believe we will at least make the playoffs and even if we lose them it will still be a massive step forward for the club in my opinion. It will also keep the supporters on side for another season at least. Any potential buyer would then remain interested if Raj wants out. It's difficult at times but keep the faith its all we have at the moment.

Appreciate the reply

If we don’t get promo this year then whether or not we do or don’t make the playoffs the likes of mani D, Dodds Mancini and grey will be offski

Parkes, waterfall and feather another year older and deep into their mid 30s (this is the spine of our team) with less money for replacements.

We will be left with a bunch of ‘triers’ like Sheron,hunter and charman under contract and no money to bring in skilled players to complement them
I get anything can happen/maybe this new coach will be a genius etc but the strong probability is we will have a much weaker team next year

Shall we all just top ourselves now then and avoid going through the agony of failure?

we re doomed!

It’s a reasonable suggestion…..

It was a question, not a suggestion - like the majority of contributors to this board I am reasonably satisfied with the way things are going - for the time being anyway.

I’ve had harder times…..

Eh????? How on Earth can anybody be satisfied with where we are at the moment?

Yer I’m struggling to see how us ‘making the play offs’ can be seen as a massive step forward for the club in the grand scheme. We had this massive step forward and play offs 4 years ago, and ended up back to square one. If we were to go up I see nothing to suggest the same wouldn’t just happen again.

Don't bite.
He or She is just night fishing.