Icecream Snow 761 Posted January 27, 2009 Do we get any money from this?http://www.canaries.co.uk/page/NewsDetails/0,,10355~1534267,00.html Share this post Link to post Share on other sites
WeAreYellows49 0 Posted January 27, 2009 Blimey, you''d like to think so, but most likely some of the money gone towards the debt. Share this post Link to post Share on other sites
As my login causes problems [ :o) ] 0 Posted January 27, 2009 Yes but I agree with Weareyellows49 in that it is needed to pay the bills and service the loan payments, not to buy a star striker. Share this post Link to post Share on other sites
North Sea Canary 0 Posted January 27, 2009 Does any body know the figures involved? I believe, before this sale, Eventguard Limited was a wholly owned subsidary of NCFC plc. So therefore the sale should generate funds for the football club. Maybe this money will be used to repay the instalment due on the ''land investment'' loan or in our dreams given to Gunny to bring in Ched Evans! Share this post Link to post Share on other sites
WeAreYellows49 0 Posted January 27, 2009 [quote user="North Sea Canary"]Does any body know the figures involved? I believe, before this sale, Eventguard Limited was a wholly owned subsidary of NCFC plc. So therefore the sale should generate funds for the football club. Maybe this money will be used to repay the instalment due on the ''land investment'' loan or in our dreams given to Gunny to bring in Ched Evans![/quote]Ahhhhhhhhh what a dream [H] Share this post Link to post Share on other sites
Tipster101 0 Posted January 27, 2009 whats interesting is that the official site says that the club have retained a share 20 odd percentage stake, but on Companies House it says that Neil Doncaster owns 170 £1 shares and leon blackburn 80 £1 shares - NOT THE CLUB Share this post Link to post Share on other sites
shefcanary 2,377 Posted January 27, 2009 It''d be a shame if this was the investment Foulger and some of the rumour mongers were hinting at. I don''t know what sums are involved but I doubt they could pay for the loan of Ched for a week, let alone until the end of the season. Let''s hope summat else is indeed on the cards. Share this post Link to post Share on other sites
NCFC since 1986 0 Posted January 27, 2009 if the club own it, why sell an asset? is trouble ahead or are the club selling off assets to cash in before selling up?? Share this post Link to post Share on other sites
The Fish Seller 0 Posted January 27, 2009 Could this be the ''sale of the club'' that has been mentioned in a rumour recently? More importantly shifting and or sale of assets is often the sign of changes in company structure/ownership. [img]http://www.emofaces.com/en/emoticons/f/fingers-crossed-emoticon.gif[/img] Share this post Link to post Share on other sites
Rethinking the future 0 Posted January 27, 2009 According to the EDP the club have sold a 75% stake for about £300,000.Maybe an easy way to get a number of ''non playing staff'' off the payroll and accounts!http://new.edp24.co.uk/content/Sport/story.aspx?brand=EDPOnline&category=Sport&tBrand=EDPOnline&tCategory=Sport&itemid=NOED27%20Jan%202009%2014%3A59%3A56%3A420 Share this post Link to post Share on other sites
Pete Raven 276 Posted January 27, 2009 More here......http://new.edp24.co.uk/content/sport/story.aspx?brand=EDPOnline&category=Sport&tBrand=EDPOnline&tCategory=Sport&itemid=NOED27%20Jan%202009%2014%3A59%3A56%3A420 Share this post Link to post Share on other sites
Wandsworth Canary 0 Posted January 27, 2009 About £300K according to EDP website Share this post Link to post Share on other sites
Dr. Ink 0 Posted January 27, 2009 Despite the ramblings about player budget, he also implies it will pay for part of Ground''s wages and Roedent''s payoff.NCFC could follow what many others have done and do a sell/lease back on Carrow Road if it gets really desperate! Share this post Link to post Share on other sites
The Fish Seller 0 Posted January 27, 2009 [quote user="Big Dave"]NCFC could follow what many others have done and do a sell/lease back on Carrow Road if it gets really desperate![/quote]This might be a problem if a substantial part of FCR has been used as security on the existing borrowing. Share this post Link to post Share on other sites
The Butler 0 Posted January 27, 2009 [quote user="Tommy Gunn"][quote user="Big Dave"] NCFC could follow what many others have done and do a sell/lease back on Carrow Road if it gets really desperate![/quote]This might be a problem if a substantial part of FCR has been used as security on the existing borrowing.[/quote]Most of the assets are used to guarantee DS''s loans I think. Share this post Link to post Share on other sites
The 4th Official 0 Posted January 27, 2009 The EDP states that the club has sold a 75% stake in EventGuard but the official site doesn''t actually say that. It says that Norfolk County Services has acquired a 75% stake, with the club retaining the other 25%. The last Annual Report (May 2008, page 25) showed that the club only owned 75% of EventGuard, so it couldn''t have sold 75% - all of its holding - and still retained 25%. Unless it bought the remaining 25% of EventGuard shares between last May and now. Anybody know? Share this post Link to post Share on other sites
Tangible Fixed Assets anyone? 0 Posted January 28, 2009 [quote user="Tipster101"]whats interesting is that the official site says that the club have retained a share 20 odd percentage stake, but on Companies House it says that Neil Doncaster owns 170 £1 shares and leon blackburn 80 £1 shares - NOT THE CLUB[/quote]Interesting..... Share this post Link to post Share on other sites
Tangible Fixed Assets anyone? 0 Posted January 28, 2009 [quote user="Tommy Gunn"]Could this be the ''sale of the club'' that has been mentioned in a rumour recently? More importantly shifting and or sale of assets is often the sign of changes in company structure/ownership. [img]http://www.emofaces.com/en/emoticons/f/fingers-crossed-emoticon.gif[/img][/quote]Thats what I was thinking when I heard about the sale. Share this post Link to post Share on other sites
As my login causes problems [ :o) ] 0 Posted January 28, 2009 [quote user="Canary Nut"][quote user="Tipster101"]whats interesting is that the official site says that the club have retained a share 20 odd percentage stake, but on Companies House it says that Neil Doncaster owns 170 £1 shares and leon blackburn 80 £1 shares - NOT THE CLUB[/quote]Interesting.....[/quote]The Club did own 750 shares, hence the 75% quoted in the Annual Accounts.As we all know Leon Blackburn has left the club and presumably had a financial settlement that would have included taking back his shares for an amount of compensation.It is entirely possible that this deal is a long time in coming (as now is a stupid time to sell) and actually was part of the reason for his leaving. If so Neil would presumably have been paid an amount of money to take the shares back so that the Club could offer the stake itself.Maybe we should ask if Neil Doncaster will be making any of his proceeds available for the transfer budget? A donation to the Canary Kitty would do it !! Share this post Link to post Share on other sites
