Reesh Posted September 24 Share Posted September 24 Has paid off the charges relating to loans on the stadium. The Star contacted an expert who told us nothing new but waffled for a few lines for Joe to get his word count in. https://www.thestar.co.uk/sport/football/sheffield-wednesday/sheffield-wednesdays-dejphon-chansiri-has-satisfied-almost-ps20m-of-hillsborough-debt-4794896 Quote Link to comment Share on other sites More sharing options...
mkowl Posted September 24 Share Posted September 24 They still have not fathomed the satisfaction of a charge is not the same as paying it off. As far as I can tell this was a rolling credit facility of 6.4m in the main club accounts, secured against the stadium - owned by Sheffield 3 Limited - hence why the charge is registered there. All I know if Dr Plum was my finance lecturer at Uni I would be demanding a refund of the tuition fees. As he has not pondered the detail and that this is probably no more than an admin tidying up of the register of charges. Something that I have suggested be done in the past. Quote Link to comment Share on other sites More sharing options...
Tylluan Posted September 24 Share Posted September 24 14 minutes ago, mkowl said: All I know if Dr Plum was my finance lecturer at Uni I would be demanding a refund of the tuition fees. Those that can't, teach. Those that can't teach, lecture. Those that can't lecture, write a book and get their own podcast 1 Quote Link to comment Share on other sites More sharing options...
mkowl Posted September 24 Share Posted September 24 The accounts of Sheffield 3 Limited are not required to be audited and to me lack quite a bit of disclosure - well useful stuff. Like what the other creditor of 55m is - presuming that is Chansiri ? But there is no reference to secured debt in those accounts, which would be pretty mandatory. So based on the evidence you can see then it would suggest the only secured loan is the 6m - subject to one charge over Sheffield 3 Limited. The fact is any of us in day to day world of accounting understand that the register of charges is often a bit out of date. Often only picked up if new finance is sought and some arse in the loan company gets all pedantic about this historic stuff. Quote Link to comment Share on other sites More sharing options...
Andyben Posted September 24 Share Posted September 24 22 minutes ago, mkowl said: They still have not fathomed the satisfaction of a charge is not the same as paying it off. As far as I can tell this was a rolling credit facility of 6.4m in the main club accounts, secured against the stadium - owned by Sheffield 3 Limited - hence why the charge is registered there. All I know if Dr Plum was my finance lecturer at Uni I would be demanding a refund of the tuition fees. As he has not pondered the detail and that this is probably no more than an admin tidying up of the register of charges. Something that I have suggested be done in the past. Is it 2018 again? Quote Link to comment Share on other sites More sharing options...
Andyben Posted September 24 Share Posted September 24 1 hour ago, Reesh said: Has paid off the charges relating to loans on the stadium. The Star contacted an expert who told us nothing new but waffled for a few lines for Joe to get his word count in. https://www.thestar.co.uk/sport/football/sheffield-wednesday/sheffield-wednesdays-dejphon-chansiri-has-satisfied-almost-ps20m-of-hillsborough-debt-4794896 Professor Plum, in the Star, with a dildo Best cludoe ever 1 Quote Link to comment Share on other sites More sharing options...
mkowl Posted September 24 Share Posted September 24 7 minutes ago, Andyben said: Is it 2018 again? The problem is so much uneducated bullshit is spoken by far too many You can make your own joke here But this nonsense permeates unchallenged, is taken as fact and on many occasions then used as a stick to beat Chansiri. Eg the stadium sale, rent etc I never say my views are 100% accurate because frankly I am not seeing the detailed data, but my interpretation using the available info is way more close to the reality 1 Quote Link to comment Share on other sites More sharing options...
Owling_Wolf Posted September 24 Share Posted September 24 1 hour ago, Andyben said: Professor Plum, in the Star, with a dildo Best cludoe ever 'Cluedope'? Quote Link to comment Share on other sites More sharing options...
Tylluan Posted September 24 Share Posted September 24 I'm waiting for Maguire's expert opinion on this. We're a click bait goldmine for him and the morons take it as gospel. Plusnet's finest business brain will probably have an angle as well but I'm not venturing on. Quote Link to comment Share on other sites More sharing options...
HoylandOwl Posted September 24 Share Posted September 24 So. Are we saying this is a good thing DC has done or not? Or can’t we tell? Quote Link to comment Share on other sites More sharing options...
mkowl Posted September 24 Share Posted September 24 14 minutes ago, HoylandOwl said: So. Are we saying this is a good thing DC has done or not? Or can’t we tell? If you call doing a bit of admin a good thing Quote Link to comment Share on other sites More sharing options...
Andyben Posted September 24 Share Posted September 24 44 minutes ago, HoylandOwl said: So. Are we saying this is a good thing DC has done or not? Or can’t we tell? Adam Shaw paid it off with all his gazillions ahead of a takeover...n dat 2 Quote Link to comment Share on other sites More sharing options...
Andyben Posted September 24 Share Posted September 24 29 minutes ago, mkowl said: If you call doing a bit of admin a good thing Can't imagine DC logging into Companies House and uploading the form tbh... Quote Link to comment Share on other sites More sharing options...
HappyOwl Posted September 24 Share Posted September 24 5 hours ago, Tylluan said: Those that can't, teach. Those that can't teach, lecture. Those that can't lecture, write a book and get their own podcast Those that can’t do teach Those that can’t teach, teach teachers Those that can’t teach teachers are ofsted inspectors 😡😡😡😡 Quote Link to comment Share on other sites More sharing options...
HappyOwl Posted September 24 Share Posted September 24 Chansiri in by the way 💙💙💙🦉🦉 1 Quote Link to comment Share on other sites More sharing options...
HoylandOwl Posted September 25 Share Posted September 25 14 hours ago, mkowl said: If you call doing a bit of admin a good thing So, it's nothing to get our knickers in a knot over, or celebrate etc etc? Quote Link to comment Share on other sites More sharing options...
HoylandOwl Posted September 25 Share Posted September 25 13 hours ago, Andyben said: Adam Shaw paid it off with all his gazillions ahead of a takeover...n dat Ironically... I've just seen one of those clickbaity sites suggesting that the moves we've made doing this 'admin' as MK puts it, means that we're being taken over......🤣 1 Quote Link to comment Share on other sites More sharing options...
Otto_Man Posted September 25 Share Posted September 25 14 hours ago, Andyben said: Adam Shaw paid it off with all his gazillions ahead of a takeover...n dat Apparently back in Sheffield and keeping a low(ish) profile so I hear. Looked homeless (allegedly) Quote Link to comment Share on other sites More sharing options...
Reesh Posted September 25 Author Share Posted September 25 14 hours ago, Andyben said: Adam Shaw paid it off with all his gazillions ahead of a takeover...n dat RobStaton likes this. Quote Link to comment Share on other sites More sharing options...
Andyben Posted September 25 Share Posted September 25 (edited) Principal Charge owed to the lender still hasn't been satisfied though... All they've done is filed the satisfaction docs for the 3 preceeding loans made in 2020/21/22 There's still £6.75m owed Edited September 25 by Andyben Quote Link to comment Share on other sites More sharing options...
Andyben Posted September 25 Share Posted September 25 21 hours ago, Reesh said: Has paid off the charges relating to loans on the stadium. The Star contacted an expert who told us nothing new but waffled for a few lines for Joe to get his word count in. https://www.thestar.co.uk/sport/football/sheffield-wednesday/sheffield-wednesdays-dejphon-chansiri-has-satisfied-almost-ps20m-of-hillsborough-debt-4794896 fucking clueless **** - just commented on the stir comments section 1 Quote Link to comment Share on other sites More sharing options...
Tylluan Posted September 25 Share Posted September 25 1 hour ago, HoylandOwl said: Ironically... I've just seen one of those clickbaity sites suggesting that the moves we've made doing this 'admin' as MK puts it, means that we're being taken over......🤣 Nah. Now that the Hillsborough law will be called the Hillsborough law DC has cleared the way to sell the ground and move the club. Quote Link to comment Share on other sites More sharing options...
mkowl Posted September 25 Share Posted September 25 56 minutes ago, Andyben said: Principal Charge owed to the lender still hasn't been satisfied though... All they've done is filed the satisfaction docs for the 3 preceeding loans made in 2020/21/22 There's still £6.75m owed Be rolled over presumably in a week or so. Awaits Dr Plums - ie he speaks bollocks - to say we now owe 13m again 1 Quote Link to comment Share on other sites More sharing options...
mkowl Posted September 25 Share Posted September 25 1 hour ago, HoylandOwl said: Ironically... I've just seen one of those clickbaity sites suggesting that the moves we've made doing this 'admin' as MK puts it, means that we're being taken over......🤣 Yep or more like someone logged in to Companies House and spotted it, thought best remove these as no longer active. Tbf often as part of a re-financing, indeed due diligence during a takeover, these charges are closed off. But frankly rest of the time you forget they are in existence Quote Link to comment Share on other sites More sharing options...
Andyben Posted September 25 Share Posted September 25 On 24/09/2024 at 15:27, Reesh said: Has paid off the charges relating to loans on the stadium. The Star contacted an expert who told us nothing new but waffled for a few lines for Joe to get his word count in. https://www.thestar.co.uk/sport/football/sheffield-wednesday/sheffield-wednesdays-dejphon-chansiri-has-satisfied-almost-ps20m-of-hillsborough-debt-4794896 They've pulled the whole article now... 2 Quote Link to comment Share on other sites More sharing options...
Reesh Posted September 25 Author Share Posted September 25 20 minutes ago, Andyben said: They've pulled the whole article now... Surely this should go in the Star is shit thread. Quote Link to comment Share on other sites More sharing options...
Owling_Wolf Posted September 25 Share Posted September 25 36 minutes ago, Reesh said: Surely this should go in the Star is shit thread. It should go in the Star! 😎 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.