New article at The Athletic

Iron Bru Forums Blast Furnace New article at The Athletic

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  • #285046
    SideriteSiderite
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    Registered On: December 12, 2014
    Topics: 79

    Yes, he didn’t like him wanting the loan repaid.

    #285047
    Apollo11Apollo11
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    Registered On: September 21, 2023
    Topics: 44

    Yes, he didn’t like him wanting the loan repaid.

    That was a complex issue, lots of nuance which got lost in the noise.

    #285048
    sufc.not.on.toursufc_not_on_tour
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    Registered On: December 23, 2013
    Topics: 28

    It was a loan, it was always a loan, it’s in the company accounts as a loan.

    #285049
    AwaywegoAwaywego
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    Registered On: June 20, 2017
    Topics: 164

    To right Apollo11, at that moment in time Hilton had walked away from the club, the club itself in dire straights and a supposedly fan wanting to be included as a creditor is beyond me! And no reason to think he wont still will want it back if he walks away from the board.
    The not so Sharp bit comes from him handing over £150.000 to Swanny in the first place when not many posters on here trusted him, far from it some weren’t going to to any more games so Swanny wouldn’t get another penny from them.

    #285050
    Apollo11Apollo11
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    Registered On: September 21, 2023
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    To right Apollo11, at that moment in time Hilton had walked away from the club, the club itself in dire straights and a supposedly fan wanting to be included as a creditor is beyond me! And no reason to think he wont still will want it back if he walks away from the board.
    The not so Sharp bit comes from him handing over £150.000 to Swanny in the first place when not many posters on here trusted him, far from it some weren’t going to to any more games so Swanny wouldn’t get another penny from them.

    Don’t you think that asking for it back was perhaps just a way to put even more pressure on Hilton to clear off?

    Edited to add: I’m not saying this is correct, I’m saying it’s possible.

    #285052
    AwaywegoAwaywego
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    Registered On: June 20, 2017
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    By we are high and mighty there Snot, the accounts haven’t been published yet and yet you know, seriously what’s up with ya you really are a Walter Mitty character.

    #285053
    AwaywegoAwaywego
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    And him giving Swanny £150.000 in the first place would put pressure on Swanny to sell Sharp the club and ground Apollo.
    I’m happy what I’ve seen and read to form my opinion.

    #285054
    Apollo11Apollo11
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    Registered On: September 21, 2023
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    By we are high and mighty there Snot, the accounts haven’t been published yet and yet you know, seriously what’s up with ya you really are a Walter Mitty character.

    This seems a bit unnecessary to me.

    In any case, the abridged version of the accounts up to June 2023 has been published (on 28th March 2024). Doesn’t that cover the period which includes the loan from Sharp?

    #285055
    Apollo11Apollo11
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    Registered On: September 21, 2023
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    And him giving Swanny £150.000 in the first place would put pressure on Swanny to sell Sharp the club and ground Apollo.
    I’m happy what I’ve seen and read to form my opinion.

    We don’t actually know what the agreement between Sharp and the club (Swann) was regarding the money. Let’s take it at face value that it was a loan essentially put in as goodwill to secure the sale – which did not then happen.

    But in a round about way it now has and Sharp is on the board and, we can presume, he is not asking for his money back urgently (if at all).

    #285056
    Apollo11Apollo11
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    Registered On: September 21, 2023
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    Edit for accidentally repeated post

    #285077
    AwaywegoAwaywego
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    Indeed it does cover that period Apollo11, and can you see where the loan is in the accounts as Snot says.
    Fair to say we can presume he isn’t asking for his money back at the moment but when he leaves, said before far better that a multiple board so if one leaves and takes their money with them it doesn’t necessarily mean it would cripple the club. Bit disturbed that Michelle has 90% of the shares though, on the other side happy that others who helped out with big donations won’t be asking for their money back. Good on them.

    #285078
    SideriteSiderite
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    Registered On: December 12, 2014
    Topics: 79

    Aye, that’s because a donation isn’t a loan.

    #285080
    AwaywegoAwaywego
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    Registered On: June 20, 2017
    Topics: 164

    We’ll see.

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