The Poolie Bunker

Having a listen now.

Some bloke called Mcguire not sure if i have spelt it right.

Says 10% deposit of the funds is the Norm, At the same time the Buyer would show proof of enough funds to buy and run the club, For DD to proceed.
He also hinted from what he has heard that (you know who) is being a bit of a tit(awkward) .

Only a bit of a tit?

Which bit..?

At Darlo we called him "Rajed Strings".

There were always strings attached.

Well worth a listen and reading between the lines, seems like it’s our esteemed chairman behaving unusually to put it generously

That Jamie1952 bloke especially should listen, given he thinks all the info is readily available

Know what you mean, This guy knows his stuff, And sounded like he knew Raj

From HUST

Really interesting interview with @KieranMaguire
of the Price of Football.
Illuminates the process and complexity of buying a club but also acknowledgement that this sale is particularly messy.

having listened seem like 1 or 2 things have been found, This happens during DD and both parties usually find a compromise.

But both have to be willing, The bloke on Tees also said Raj knows his way around loop holes.
And stated that he thought the fans had been treated in a poor way, Stating the stress this causes to genuine. fans.

Of words to that effect.

Had a listen to that link. Thought the bloke was pretty fair, certainly not hammering the seller but he thought Raj was making it harder than it needs to be and putting fans through the wringer. Also said the 10% non-refundable deposit is normal, but making another payment before the end of DD is not usual, which makes Raj’s version of events a bit questionable.
Very good listen.

He also mentioned HMRC, Think he may have been dropping a few hints.

Yes, got the impression it’s not all in order and he said Raj has used loopholes to avoid publishing up to date accounts. What a surprise.

Yes the mouthier Raj gets the more suspicious it is
Was interesting him mentioning latest accounts not published and HMRC as a theoretical example….when this whole sorry saga unwinds the board of directors will have a lot to answer for in terms of why they are unquestioningly parroting his talking points

Stand by for more blame deflection tactics.

Yep, deffo a club statement incoming after that interview, Raj cannot help himself

Yes ‘the board’ will be disappointed to hear speculation in the local media from people not privy to the actual facts and would like to state again that so far NO party has stumped up 200% of the asking price and proof they are billionaires despite the deadline set of 2 days past the chairman’s last tantrum!

Oh SHIT the bed- DUCK AND STAY DOWN!

Dummy could go anywhere as for the Toys- I predict carnage in the play enclosure.

Only saving grace is we've got until the Champions League Final to nail everything down.
Just as well I'm on half term Parole this week - I'll fetch me hammer and make a start!

Link just over 9 minutes in,
https://www.bbc.co.uk/sounds/play/m002cqg9

Exactly why do we have these rearguard actions every time a prospective buyer appears…this apparent willingness to sell that leads nowhere but stalemate and nothing changes as we end up stuck with him.
An apparently eager seller, who never sells…now why would that be?

Wrexham and Stockport racked up millions of debt albeit they had millionaires as backers, no way Singh has the cash to do the same, do our potential buyers have that many millions ? The Sport England debt is not due to be repaid until 2041 with an interest rates of 2%, I would hope that Pools are at least paying the equivalent of the 2% every year so the amount of debt doesn’t increase year on year.

I'd say the takeover is truly dead n buried.
The vote
The brakes slammed on after the 10% mugging (2 years in a row now)
The fans disillusioned already.
Etc.

Interesting quote from MB at the end of that episode.
I'd take still being in div 5 this time next year.


Its shit

I’m resigned to no takeover, if it happens, great.
But there’s a lethargy about this deal (yet again) that drives you to despair as the close season passes…..if we don’t break free, next season is gonna be a dour, tiring tedious affair.

Oh dear is raj being found out? This is what happens when you mouth off and blame everyone else. Eventually someone looks into it.

If Southend go up then they ain't buying promotion with £millions.

As for Wrexham I'd imagine that short term debt is almost gone due to were they are now.

It's 99% a debt business which attracts a fair few charlatans.

I reckon you could win 200 million on the lottery and still struggle to get past proof of funds with raj strings.

That 10% is £20 million.
I can't see this shit happening 3 times next summer.

Anutha reminder.
The STs go up to £380 on Sunday.

My gut feeling is the takeover is more likely to happen than not based purely on Raj having no options. There’s clearly some decent wedge on the table on completion - he’d have to walk away from that with little chance of anyone else stepping in.
That said, I’m nowhere near as confident as a few weeks ago, due to the vote hysterics.
Fingers crossed though.

still feel its a case of raj overvaluing the club and new owners only prepared to pay a realistic price for a debt ridden non league football club.

Some fans reckon Sing is a saviour and he's funding the club out of his own money.

This 10 % must be worth about 150k plus incoming ST money.

Hes crafty n clever but in a horrible way I think it's just to say legal.

Is the deposit to see the books refundable or does Singh keep it, didn’t the consortium including The Trust lose 1000s in costs when the deal fell through the last time ?

Can only go on what Kieran says on Tees, which is that the deposits are usually non-refundable, so someone was prepared to commit a big sum of money to move onto DD. That gives me some confidence at least.
From their members' updates, I don't think HUST got to DD, so issues of deposits won't have arisen. The consortium lost some money on legal fees when Raj was stringing them along though and that bloke in America said he lost 20k (or something like that) in transaction fees depositing money with solicitors. Just adds to the impression that Raj moves goalposts.

i,d guess it would be just part of the actual sale price if the takeovers went through. surely selling and buying a football club cannot be that different from doing it in other businesses.

we are talking about business people here. they have made there pile over the tears by doing various deals to make them richer or more powerful. surely they will not throw money away they,ll never get back if they decide to walk away if something is found unexpected.

NO- he's just found a way to (allegedly) extort money out of would be buyers who he has ZERO intention of selling the club to.

Dark days indeed - he's going nowhere. Not a bad screw that- 150k to look at the books before throwing your toys and pissing off would be buyers sufficiently, to bank the deposit.

He needs POOLS more than we need him-
As Kieran Maguire said on Tees when speaking to Rob Law-

'Who is Raj Singh, without Hartlepool United - just some random business man!'

Never a truer word spoken- by those who know/ understand football finances

Would Raj's borer hero Pally - go anywhere near him on a regular basis, without the fortnightly freebie of football hospitality? I would suggest that would be highly unlikely!

Latest news from my sauce, is that during board meetings Raj now has entrance music- something that he saw on the telly when the snooker was on a couple of weeks back.

Raj's walk in music is a mash up of TWO classics by the Stone Roses (as he's a big indie(n) fan)

I Wanna Be Adored / I am the Resurrection!

Apparently he's that pleased with it that he's in talks to release it in time for Christmas as a single, with the B side being a cover of Status Quo's - DOWN, DOWN, Deeper and DOWN

HMRC >100s of 1000s

Raj does not care:

He has put Fans through utter turmoil, With his disgraceful behaviour.
Does not care and never will, If anyone pays money to the club then you are Complicit with his actions

I think the Sunderland ones are only £110 more for premier League.

do not think he has a single friend or supporter now amongst fans. those who have paid the money will have done so under duress or fear of the outcome if they didn,t. usually someone has been in an owners company or know them personally but have yet to hear anybody who actually has even spoken to him.

even if they knocked the three off the front i would not buy one on principle and i rarely have any of those if i can see a good deal for me out of it.

Sadly I think you are wrong. There seems to be a hard core of Raj's pets busily spreading misinformation on social media. You've seen it yourselves on here before he was shut up (thanks for that whoever sorted it). They must be getting some serious perks to wanting more of the same crap year after year.

How on earth are they going to show up on match days, Should be fun.

It will be in escrow, will only be non refundable if it can be shown buyers acted in bad faith, they will get it back but be short a wedge on legal fees again

worse is that you,ll be unable to spot em. they,ll find out your stance before opening there mouths. wonder if they,ll develop there own funny handshakes , wear items of clothing they only recognise themselves or have there own speech like gays once had.

Remember Sam the Man befriending Cardiffs Soul Crew a while back.

The novelty soon wore off.

When Singh put us into administration we had a potential buyer who came in, saw the books and backed out. Ended up buying Port Vale instead. Mind you I think that was another bullet we dodged too!
Did the last lot who owned you ever get all their money back off Singh or is it still part of the debt the potential new owners have to take on?
Plus potential debts to HMRC? Plus what Singh wants too? Looks like they'll need deep pockets!

Non refundable, Don,t know who gets it.
If its Raj then he has played everyone.

I bet you're loving this aren't you?

He’s a strange one gleefully telling us stuff we already know as though he’s imparting new info

It’s only no. Refundable if they can prove bad intent/werent serious, they will get it back but spunk a bunch on legal fees… again