Sale soon

[Billy bodger]

I think the Club and those in a position of command need to realise that we are in a hell of a place and though they have to carry on getting ready for next season, they also have to realise how hard it’s going to be if we are not sold after the end of this season and before the start of next season.

Now we know we have fell not just short but by a chasm, (12 point with one game to go), it doesn’t really matter that we have had injuries, stupid suspensions or things just not going our way, with 15 games 1-0, we have paid the price for the way our owner has not been bothered about the Club on the pitch.

It’s that stark! We need the sale to help us survive, we cannot carry on this downward spiral. The lift the Club will get by getting our current owner out of the door will be enormous.

I hope the hell Whittingham gets some karma somewhere for what he has done to our Club.

[redrobo]

I think the Club and those in a position of command need to realise that we are in a hell of a place and though they have to carry on getting ready for next season, they also have to realise how hard it’s going to be if we are not sold after the end of this season and before the start of next season.

Now we know we have fell not just short but by a chasm, (12 point with one game to go), it doesn’t really matter that we have had injuries, stupid suspensions or things just not going our way, with 15 games 1-0, we have paid the price for the way our owner has not been bothered about the Club on the pitch.

It’s that stark! We need the sale to help us survive, we cannot carry on this downward spiral. The lift the Club will get by getting our current owner out of the door will be enormous.

I hope the hell Whittingham gets some karma somewhere for what he has done to our Club.

Do you really think he gives a toss about what we think.....

He'll make a small fortune when the club is finally sold but until then his friends in the financial sector will continue to support him with dubious loans....

[Keith]

He'll make a small fortune when the club is finally sold but until then his friends in the financial sector will continue to support him with dubious loans....

I really don't believe Whittingham is simply adding the interest to existing loans, unless there is something else going on that we've never considered.

We're assuming, Whittingham has loans at one interest rate, that he then lends to the club at a higher interest rate. He's made comments about the structuring of loans.

If he didn't actually take the £280k interest that the club's accounts say was paid, and instead added it to the value of the club, then how does he pay the financiers?

For example, he borrows at [say] 10% then lends to the club at 18%, making 8% profit.
He'd have us believe, he's borrowed at [say] 10% then lent the money to the club, but takes nothing out.
In that case, he must be paying the 10% [or whatever] to the financiers, out of his own pocket. Is he wealthy enough to pay in the region of £140k each year to his financiers? If he's that wealthy, why didn't he bung us a few quid when we were a League One club, in order to maximise the value of his asset?

I can't believe he was able to go to legitimate financiers and say "my business is losing lots of money, do you mind if I don't pay you anything back until I sell it?"

We all know he's dodgy, just quietly (ie, so not to libel anyone!!!) wonder just how dodgy?

[black morse]

He'll make a small fortune when the club is finally sold but until then his friends in the financial sector will continue to support him with dubious loans....

I really don't believe Whittingham is simply adding the interest to existing loans, unless there is something else going on that we've never considered.

We're assuming, Whittingham has loans at one interest rate, that he then lends to the club at a higher interest rate. He's made comments about the structuring of loans.

If he didn't actually take the £280k interest that the club's accounts say was paid, and instead added it to the value of the club, then how does he pay the financiers?

For example, he borrows at [say] 10% then lends to the club at 18%, making 8% profit.
He'd have us believe, he's borrowed at [say] 10% then lent the money to the club, but takes nothing out.
In that case, he must be paying the 10% [or whatever] to the financiers, out of his own pocket. Is he wealthy enough to pay in the region of £140k each year to his financiers? If he's that wealthy, why didn't he bung us a few quid when we were a League One club, in order to maximise the value of his asset?

I can't believe he was able to go to legitimate financiers and say "my business is losing lots of money, do you mind if I don't pay you anything back until I sell it?"

We all know he's dodgy, just quietly (ie, so not to libel anyone!!!) wonder just how dodgy?

100% agreement.

[Hodgie1978]

In true Morecambe fashion. Hopes of a sale because the board have come out despite being invisible for 2 years.

Derek brings us back down earth. NAPM!

[Billy bodger]

Honesty at last!!

The Sticking plaster of the last few years the BOD’s have applied have totally failed to keep things on an even keel. Some fans have woke up, maybe, just maybe the manager sees it. That sticking plaster plays straight into the hands of Whittingham.

We will see if Panjab have been stalling now won’t we??, the EFL are terrible they do not help Clubs and let bad owners off Scott free, they are a joke.

If Derek cannot do his job it’s the fault of all those above him, what a bloody mess and now we know, who is going to continue to fork out good money till we are rid of Whittingham?

[Billy bodger]

I think the Club and those in a position of command need to realise that we are in a hell of a place and though they have to carry on getting ready for next season, they also have to realise how hard it’s going to be if we are not sold after the end of this season and before the start of next season.

Now we know we have fell not just short but by a chasm, (12 point with one game to go), it doesn’t really matter that we have had injuries, stupid suspensions or things just not going our way, with 15 games 1-0, we have paid the price for the way our owner has not been bothered about the Club on the pitch.

It’s that stark! We need the sale to help us survive, we cannot carry on this downward spiral. The lift the Club will get by getting our current owner out of the door will be enormous.

I hope the hell Whittingham gets some karma somewhere for what he has done to our Club.

Do you really think he gives a toss about what we think.....

He'll make a small fortune when the club is finally sold but until then his friends in the financial sector will continue to support him with dubious loans....

Remind me redrobo, are you for NAPM or have you bought a season ticket for next season and continue to let Whittingham treat our club like this? I think he will be happy if you bought a season ticket…. ??

[Valkyrie_Wings]

I'm not buying anything from the club till he's fucked off honestly

[Billy bodger]

Here is one method on how to value a football Club.

Valuing a football Club =(Revenue + Net Assets) X (Net Profits x Revenue) x ( Stadium Capacity %) + (Wage Percentage) Revenue.

Simply the bigger the Revenues and the Bigger Capacity % the bigger the value.

Surely from that you will see that Whittingham is going to get a lot less than when we were a EFL League One side and it will probably drop again in the National League

[redrobo]

To answer Billy bodger regarding the purchase of a Season Ticket.....YES and am proud to have done so.

My views of the campaign have been expressed numerous times already so i don't need to defend my action.

However I will continue to ask this question until i get an answer 'Who finances the wages and bills at the end of the month if there is no money left in the Bank ....'

Do we want to go through the humiliation again of being reprimanded by the EFL....

[Billy bodger]

Match day income, broadcasting revenue, commercial revenue, investments and transfer’s make up the finances of the Club, some are collected on match days some will be paid monthly or in a one off payment. Who pays if the money runs out!!

A budget will be set that try’s to calculate how much the Club will raise in total.

The Club May or may not calculate the budget by the number of season tickets are sold, hopefully not by guessing how many will be sold. Then the budget will be more solid than trying to fathom how many away fans turn up, or guess how many naturally stop coming because we have fallen out of the EFL. Or factor in fans who may support the NAPM campaign.

You would think the budget will be naturally smaller than this year’s budget because we are in a lower league and that may be true, simply I don’t know!

It will be hard to gauge how many stay away because of the NAPM campaign, so it will be hard to calculate how that affects the Club, if it happens.

I’m hoping it doesn’t and for you, you have done the right thing for you, unless we are sold I won’t be joining you, which has been a hard decision to make.

Who pays if the money runs out??

Come on! you know it will be either default on payments or find a loan to cover it and that can happen even if the NAPM campaign does not happen, as we have found out in the recent past. Who will get the blame, well it should only be the owner, surely! Please agree on that.

To give the Club the best chance those who want to buy please, please get the sale of the Club over the line ASAP and no I don’t want the Club be humiliated by being reprimanded by the EFL or anyone else.

[Redalert1970]

Another day and still no SALE

I was remaining positive about us been bought but starting to have more doubts like others

Hopefully I'm proved wrong but losing faith as every day goes past

[black morse]

Another day and still no SALE

I was remaining positive about us been bought but starting to have more doubts like others

Hopefully I'm proved wrong but losing faith as every day goes past

You remain positive Redolent....it's pretty miserable losing all hope

[Redalert1970]

Its really sad to see such a great club in this sorry state

[Andy D]

tick tock, tick tock, how many days as the club been up for sale now..

[Hodgie1978]

Only 971.... give em chance to get the deal over the line

[Billy bodger]

We really need a sale while we are still in the EFL to make it easier to join the National league

[Valkyrie_Wings]

Hope is what kills you

[Keith]

We really need a sale while we are still in the EFL to make it easier to join the National league

Unless things have changed, the National League ['Conference'] must accept any relegated EFL side, no matter what. It was part of the agreement for introducing promotion & relegation from EFL to non-League.

[Redalert1970]

Another day ticks by and still no SALE... Not even any news

[Billy bodger]

We really need a sale while we are still in the EFL to make it easier to join the National league

Unless things have changed, the National League ['Conference'] must accept any relegated EFL side, no matter what. It was part of the agreement for introducing promotion & relegation from EFL to non-League.

Thanks Kieth for that, but then when we officially leave the EFL and join the National League and the sale still hasn’t happened. Will any bid then have to pass the National League Test? Is it different in any way? will any new prospective owner have to re-submit their bid all over again?

[Keith]

Thanks Keith for that, but then when we officially leave the EFL and join the National League and the sale still hasn’t happened. Will any bid then have to pass the National League Test? Is it different in any way? will any new prospective owner have to re-submit their bid all over again?

I'm assuming that any sale process will need to begin again, to satisfy the National League.

HOWEVER...

That, in itself, assumes that the process has even begun with the EFL in the first place. Personally, I don't believe the process has started. I've said previously, people are blaming the EFL, but I don't think there is anything that they could do differently. They have no powers to force Whittingham out, and if the sale paperwork & evidence of legal funding aren't provided, there is nothing they can do there, either. And, for confidentiality reasons, they can't comment.

[marky No.1]

Thanks Keith for that, but then when we officially leave the EFL and join the National League and the sale still hasn’t happened. Will any bid then have to pass the National League Test? Is it different in any way? will any new prospective owner have to re-submit their bid all over again?

I'm assuming that any sale process will need to begin again, to satisfy the National League.

HOWEVER...

That, in itself, assumes that the process has even begun with the EFL in the first place. Personally, I don't believe the process has started. I've said previously, people are blaming the EFL, but I don't think there is anything that they could do differently. They have no powers to force Whittingham out, and if the sale paperwork & evidence of legal funding aren't provided, there is nothing they can do there, either. And, for confidentiality reasons, they can't comment.

The Trust have stated that they have had talks with the EFL and they say the talks are in progress , so you have to presume that bit is correct

[Redalert1970]

With 1000 days fast approaching does anyone think the sale will ever take place

I have tried to stay positive but I'm starting to get really worried now