cullum.... loan or donation

[pak mei 0]

If Peter Cullum does put money into this football club will it be a loan or a donation.Delia and michael have had a lot of stick about there loans but,, and please correct me if i,m wrong I thought most investment into football clubs came by way of interest free loans to avoid the tax levels a donation would incur, indeed was not dear old geoffreys money a loan until his death.Those of you who are against the loan policy of our current owners, would you agree to pc loaning us 20 million to be repaid only in the event of sale or promotion

[Charlie Farlie 0]

Hi Foggo , Are you Kenny Foggo on the Wing from the 606 days

[canary cherub 1]

[quote user="Tony Powells Redundant Tackle...."]Hi Foggo , Are you Kenny Foggo on the Wing from the 606 days[/quote]

Slightly OT but Tony Powell used to play for San Jose Earthquakes . . .

 

[Crazylegs 0]

The money offered originally was by way of a loan - very strict repayment terms if relegated and too many terms otherwise attached - clearly not of any benefit or interest to the club whatsoever - strangely Mr Cullum has never mentioned that and neither have the press.

Curious

[canary cherub 1]

[quote user="Crazylegs"]

The money offered originally was by way of a loan - very strict repayment terms if relegated and too many terms otherwise attached - clearly not of any benefit or interest to the club whatsoever - strangely Mr Cullum has never mentioned that and neither have the press.

Curious

[/quote]

So how do you know about it, if I may ask?

 

[canary cherub 1]

[quote user="Strawberry"][quote user="Crazylegs"]

The money offered originally was by way of a loan - very strict repayment terms if relegated and too many terms otherwise attached - clearly not of any benefit or interest to the club whatsoever - strangely Mr Cullum has never mentioned that and neither have the press.

Curious

[/quote]

So how do you know about it, if I may ask?

[/quote]

Come on Mr One-Post let''s be ''avin you . . .

 

[lappinitup 629]

[quote user="Strawberry"][quote user="Crazylegs"]

The money offered originally was by way of a loan - very strict repayment terms if relegated and too many terms otherwise attached - clearly not of any benefit or interest to the club whatsoever - strangely Mr Cullum has never mentioned that and neither have the press.

Curious

[/quote]So how do you know about it, if I may ask?[/quote]We would be grateful for the details of the loan too!

[pak mei 0]

[quote user="Tony Powells Redundant Tackle...."]Hi Foggo , Are you Kenny Foggo on the Wing from the 606 days[/quote]no

[nutty nigel 7,902]

[quote user="lappinitup"][quote user="Strawberry"][quote user="Crazylegs"]

The money offered originally was by way of a loan - very strict repay

ment terms if relegated and too many terms otherwise attached - clearly not of any benefit or interest to the club whatsoever - strangely Mr Cullum has never mentioned that and neither have the press.

Curious

[/quote]So how do you know about it, if I may ask?[/quote]We would be grateful for the details of the loan too!

[/quote]

I''m in the queue too...

Wouldn''t want to miss the details of this one [:O]

 

[lucky green trainers 0]

[quote user="foggo7"]If Peter Cullum does put money into this football club will it be a loan or a donation.Delia and michael have had a lot of stick about there loans but,, and please correct me if i,m wrong I thought most investment into football clubs came by way of interest free loans to avoid the tax levels a donation would incur, indeed was not dear old geoffreys money a loan until his death.Those of you who are against the loan policy of our current owners, would you agree to pc loaning us 20 million to be repaid only in the event of sale or promotion[/quote]as long as the NCFC board can generate enough finance to fund a credible prem promotion chasing team and that if we get there, we have a good go at staying there, i''m happy...and in these cirumstances, the make up of the board is irrelevant imo...at the mo, imo - the above aim can only be fully expressed genuinely by the use of speculative investment (just as in the season we got up) and whether this is by loan, direct investment or donation it should be of little concern to fans...obviously, if it was by way of unsustainable debt generation, then this should be a matter for concern, but because of the credit crunch, its very unlikely that footy clubs can borrow on unsecured terms anyway///

[norfolkbroadslim 225]

[quote user="Crazylegs"]

The money offered originally was by way of a loan - very strict repayment terms if relegated and too many terms otherwise attached - clearly not of any benefit or interest to the club whatsoever - strangely Mr Cullum has never mentioned that and neither have the press.

Curious

[/quote]

You wouldn''t happen to be the infamous Carlos Crazylegs would you?  The window cleaner with the wobbly legs? Cullum is one of your clients isn''t he?

[WeAreYellows49 0]

[quote user="Crazylegs"]

The money offered originally was by way of a loan - very strict repayment terms if relegated and too many terms otherwise attached - clearly not of any benefit or interest to the club whatsoever - strangely Mr Cullum has never mentioned that and neither have the press.

Curious

[/quote]

 

So are you going to tell us all then?  Or was you merely trying to stir the boards up again?  Yes thought so................... [:)]

[dylanisabaddog 6,143]

As reported in the EDP, Cullum''s original offer after the Plymouth game in Autumn of last year was an interest free loan of £5m, repayable immediately if we were relegated.

[WeAreYellows49 0]

[quote user="dylanisabaddog"]As reported in the EDP, Cullum''s original offer after the Plymouth game in Autumn of last year was an interest free loan of £5m, repayable immediately if we were relegated.[/quote]

Ahhhhh right, well if the EDP are reporting it as fact then it must be true lol [:S]

[Faded Jaded Semi Plastic SOB 1,223]

Foggo - Do Delia and MWJ really get stick for their loans or do some posters just despair of the numbnuts who seem to think that they have given the club money and will walk away without being paid back should somebody else take over. In the highly unlikely event that PC invests in the club I would be very surprised if he donated the money.

[WeAreYellows49 0]

Good question.

I''m one of the ones who despair at the fact some fans think that Delia and MWJ donated money, and of course they will and should get their money returned in full if and when they choose to leave.

[canary cherub 1]

[quote user="dylanisabaddog"]As reported in the EDP, Cullum''s original offer after the Plymouth game in Autumn of last year was an interest free loan of £5m, repayable immediately if we were relegated.[/quote]

Have a word with crazylegs will you?  (If you can find him)  He reckons the press never mentioned it . . . [:S]

 

[pak mei 0]

[quote user="Sons of Boadicea"]

Foggo - Do Delia and MWJ really get stick for their loans or do some posters just despair of the numbnuts who seem to think that they have given the club money and will walk away without being paid back should somebody else take over. In the highly unlikely event that PC invests in the club I would be very surprised if he donated the money.

[/quote]I think you and I are reffering to the same numnuts, I just think it''s got to the stage where some critics are in danger of some hypocricies if they continue to criticize each and every thing the pair do, you do, I think have to keep some sense of perspective and not make it personal.Whats good for the goose is good for the duck, as they say in costessey.So if you come on here and slate the current owners for a matter of policy you should maybe ask yourself wether the candidate you back for ownership would or would not addopt the same policy

[Downloads 35]

[quote user="Crazylegs"]

The money offered originally was by way of a loan - very strict repayment terms if relegated and too many terms otherwise attached - clearly not of any benefit or interest to the club whatsoever - strangely Mr Cullum has never mentioned that and neither have the press.

Curious

[/quote]

I can actually confirm that is utter rubbish without knowing the facts.

You can''t get the shares for next to nothing and then loan the club 20mil, the thought it just madness. Cullum would never have offered such an insulting deal, no bisuness person, no matter how rich would make such an insulting offer.

On the basis of that deal Cullum would make an instant profit by gaining the shares. Quite laughable.

[pak mei 0]

[quote user="Downloads"][quote user="Crazylegs"]

The money offered originally was by way of a loan - very strict repayment terms if relegated and too many terms otherwise attached - clearly not of any benefit or interest to the club whatsoever - strangely Mr Cullum has never mentioned that and neither have the press.

Curious

[/quote]

I can actually confirm that is utter rubbish without knowing the facts.

You can''t get the shares for next to nothing and then loan the club 20mil, the thought it just madness. Cullum would never have offered such an insulting deal, no bisuness person, no matter how rich would make such an insulting offer.

On the basis of that deal Cullum would make an instant profit by gaining the shares. Quite laughable.

[/quote]I agree it would seem absurd to make such an offer, yet it appears by wanting to put twenty mil into the transfer fund and in return to have total control of the club it would appear, if the media is to be believed, that that is exactly what he has done

[Downloads 35]

I read it that he would give 20mil for players in return for shares... Thus he would be out of pocket to the tune of 20mil but Norwich would have a better team and he would have the controlling share in the club..? That seems to be popular opinion of the deal?

Obviusly without any facts its all speculation, i just cant see him being serious by making a totally insulting offer where he makes an instant profit on the club.

[Show Me What You Gooot! 0]

[quote user="foggo7"][quote user="Downloads"][quote user="Crazylegs"]

The money offered originally was by way of a loan - very strict repayment terms if relegated and too many terms otherwise attached - clearly not of any benefit or interest to the club whatsoever - strangely Mr Cullum has never mentioned that and neither have the press.

Curious

[/quote]

I can actually confirm that is utter rubbish without knowing the facts.

You can''t get the shares for next to nothing and then loan the club 20mil, the thought it just madness. Cullum would never have offered such an insulting deal, no bisuness person, no matter how rich would make such an insulting offer.

On the basis of that deal Cullum would make an instant profit by gaining the shares. Quite laughable.

[/quote]I agree it would seem absurd to make such an offer, yet it appears by wanting to put twenty mil into the transfer fund and in return to have total control of the club it would appear, if the media is to be believed, that that is exactly what he has done
[/quote]

And there lies your problem.

Think carefully about it, would anyone be stupid enough to think they''d get shares for nothing?

[Show Me What You Gooot! 0]

[quote user="Downloads"]

I read it that he would give 20mil for players in return for shares... Thus he would be out of pocket to the tune of 20mil but Norwich would have a better team and he would have the controlling share in the club..? That seems to be popular opinion of the deal?

Obviusly without any facts its all speculation, i just cant see him being serious by making a totally insulting offer where he makes an instant profit on the club.

[/quote]

This is a far more sensible view than anything else I''ve heard. Can''t believe some still think the offer was "£20mill for players and the shares for nothing". Some people need the dots joined up for them I think.

[canary cherub 1]

[quote user="foggo7"][quote user="Sons of Boadicea"]

Foggo - Do Delia and MWJ really get stick for their loans or do some posters just despair of the numbnuts who seem to think that they have given the club money and will walk away without being paid back should somebody else take over. In the highly unlikely event that PC invests in the club I would be very surprised if he donated the money.

[/quote]I think you and I are reffering to the same numnuts, I just think it''s got to the stage where some critics are in danger of some hypocricies if they continue to criticize each and every thing the pair do, you do, I think have to keep some sense of perspective and not make it personal.Whats good for the goose is good for the duck, as they say in costessey.So if you come on here and slate the current owners for a matter of policy you should maybe ask yourself wether the candidate you back for ownership would or would not addopt the same policy

[/quote]

The criticism is based on their track record, what they actually have or haven''t done.  We''ve cut D&M plenty of slack over the years, a bit too much in hindsight.  Whilst I am not an advocate of "ask  no questions and grab his money" it is unreasonable to turn Peter Cullum into the bogeyman on the basis of a few unsubstantiated rumours. 

PS.  It adds nothing to your argument to refer to people you disagree with as "numnuts" or whatever.  It just makes you sound like an angry person with an axe to grind.

 

 

[pak mei 0]

[quote user="Strawberry"][quote user="foggo7"][quote user="Sons of Boadicea"]

Foggo - Do Delia and MWJ really get stick for their loans or do some posters just despair of the numbnuts who seem to think that they have given the club money and will walk away without being paid back should somebody else take over. In the highly unlikely event that PC invests in the club I would be very surprised if he donated the money.

[/quote]I think you and I are reffering to the same numnuts, I just think it''s got to the stage where some critics are in danger of some hypocricies if they continue to criticize each and every thing the pair do, you do, I think have to keep some sense of perspective and not make it personal.Whats good for the goose is good for the duck, as they say in costessey.So if you come on here and slate the current owners for a matter of policy you should maybe ask yourself wether the candidate you back for ownership would or would not addopt the same policy[/quote]

The criticism is based on their track record, what they actually have or haven''t done.  We''ve cut D&M plenty of slack over the years, a bit too much in hindsight.  Whilst I am not an advocate of "ask  no questions and grab his money" it is unreasonable to turn Peter Cullum into the bogeyman on the basis of a few unsubstantiated rumours. 

PS.  It adds nothing to your argument to refer to people you disagree with as "numnuts" or whatever.  It just makes you sound like an angry person with an axe to grind.

 

 

[/quote]I didn''t refer to them as numnuts I was Qouteing S O B I''ll make sure I add a couple of '''''''''' in future, sorry

[Lazza 0]

[quote user="Paint Me Yellow"][quote user="Downloads"]

I read it that he would give 20mil for players in return for shares... Thus he would be out of pocket to the tune of 20mil but Norwich would have a better team and he would have the controlling share in the club..? That seems to be popular opinion of the deal?

Obviusly without any facts its all speculation, i just cant see him being serious by making a totally insulting offer where he makes an instant profit on the club.

[/quote]

This is a far more sensible view than anything else I''ve heard. Can''t believe some still think the offer was "£20mill for players and the shares for nothing". Some people need the dots joined up for them I think.

[/quote]So where would these shares come from? It couldn''t be new shares as £20M of new shares would just devalue the current share allocation.If it was through purchasing current shares off of shareholders and the money would be going straight into the squad, not to the sellers of those shares, it would in fact be the people selling the shares that are donating the £20M, not PC. He''d be getting £20M of shares for £20M so wouldn''t in fact be giving anything to the club.Not sure you can actually buy £20M of NCFC shares though - not sure the club is worth that much...

[Tangible Fixed Assets anyone? 0]

[quote user="foggo7"]I thought most investment into football clubs came by way of interest free loans to avoid the tax levels a donation would incur, [/quote]

As far as i am aware there are no taxes on donations. You may be confused with the ability of charities (subject to certain conditions) being able to reclaim a tax element from H M Treasury on donations. So if a person makes a donation from say post income tax pay then the charity can reclaim the equivalent of the income tax paid on the donation. So in effect the donation is made from pre income tax income.

[Smudger 0]

[quote user="Crazylegs"]

The money offered originally was by way of a loan - very strict repayment terms if relegated and too many terms otherwise attached - clearly not of any benefit or interest to the club whatsoever - strangely Mr Cullum has never mentioned that and neither have the press.

Curious

[/quote]

oh?

and as if we would of been relegated if your wonderful Mr Roeder had £20million plus to spend...

hahaha some of you daft lot expect him to get us in the play-offs when he has had less than £1 million to spend... [:$]

You can''t have it both ways you fools!!!

[Smudger 0]

[quote user="foggo7"][quote user="Sons of Boadicea"]

Foggo - Do Delia and MWJ really get stick for their loans or do some posters just despair of the numbnuts who seem to think that they have given the club money and will walk away without being paid back should somebody else take over. In the highly unlikely event that PC invests in the club I would be very surprised if he donated the money.

[/quote]I think you and I are reffering to the same numnuts, I just think it''s got to the stage where some critics are in danger of some hypocricies if they continue to criticize each and every thing the pair do, you do, I think have to keep some sense of perspective and not make it personal.Whats good for the goose is good for the duck, as they say in costessey.So if you come on here and slate the current owners for a matter of policy you should maybe ask yourself wether the candidate you back for ownership would or would not addopt the same policy

[/quote]

oh?

Us critics are the hypocritical numbnuts are we?

See the above post for hypocrisy of the highest order... [:$]

[KeelansGlove 0]

Just to clarify my understanding of the original offer.

Cullum wanted to put 20 million into the club in return for that value in new shares.

that does not mean he would get 20M of shares for nothing

it also does not mean it would be a loan.

in all likelyhood it would only double the paid up share value of the club therefore reducing the value of each share by approximately 50% although having 20M in cash.

it would be unlikely that without success that he would be able to sell his shares for anywhere near what he would have paid for them (if that was his aim)

it would also mean Delia and MWJ would be in the same situation without a controlling stake.

Although personally I think this would have been the ideal situation for the club as a whole.

Keeping the passion of the current board, with the financial clout of Mr Cullum

Sadly i didnt happen

I would have hoped this could have ben tweaked to make it acceptable to all but without detailed discussion and many meetings this could never happen.

As we know as yet this has not happened.