Zappa 0 Posted February 27, 2014 Share Posted February 27, 2014 What I can't understand about this whole episode is that our highly paid PR expert didn't anticipate that this loan arrangement would cause a shitstorm and advise the board to find other alternatives. What I can't understand is that our board didn't anticipate that this Laxey loan arrangement would cause serious problems and advise themselves to find better alternatives. 0 Quote Link to post Share on other sites More sharing options...
TheWee BlueDevil 0 Posted February 27, 2014 Share Posted February 27, 2014 What I can't understand is that our board didn't anticipate that this Laxey loan arrangement would cause serious problems and advise themselves to find better alternatives. Naive in the extreme. Just shows how distant and disconnected they are from real fans. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted February 27, 2014 Share Posted February 27, 2014 That part is just baffling. If it was "part of the business plan" why were the terms only agreed last week? If it was only in the forecast that we would need another £1.5m, why did he say we didn't need any more finance in the "short to medium term". He can't have it both ways; and his attempts to explain it away like that do his credibility no good at all. They needed money because they expected Imran to win his case. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted February 27, 2014 Share Posted February 27, 2014 They needed money because they expected Imran to win his case. Or at least thought that he might win it, which raises serious questions about the actual state of the Club's finances. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted February 27, 2014 Share Posted February 27, 2014 What I can't understand is that our board didn't anticipate that this Laxey loan arrangement would cause serious problems and advise themselves to find better alternatives. Laxey initially stated they would vote for what the fans wanted at the AGM everybody wondered why now it's crystal clear. The board were knocked back by every conventional and even non-conventional lender (Bibby etc.) they approached. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted February 27, 2014 Share Posted February 27, 2014 Or at least thought that he might win it, which raises serious questions about the actual state of the Club's finances. Expect him to get his pockets filled. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted February 28, 2014 Share Posted February 28, 2014 They needed money because they expected Imran to win his case. If that's true, and I don't doubt your information, then it actually makes some sense. By putting the facility in place they prevented £500,000 being taken out of circulation, even if it was there to be taken out of circulation; and at the same time they don't need to draw it down unless and until we lose. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,240 Posted February 28, 2014 Share Posted February 28, 2014 It is somewhat embarrassing how debate has deteriorated in quality in recent weeks. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted February 28, 2014 Share Posted February 28, 2014 It is somewhat embarrassing how debate has deteriorated in quality in recent weeks. Physician heal thyself! 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,148 Posted February 28, 2014 Share Posted February 28, 2014 640 words which don't really say anything of note other than trust us. Well, that's very difficult when you refuse to answer the most basic of questions. 0 Quote Link to post Share on other sites More sharing options...
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