mkowlthesexynewversion

Wow 

I mean his statements always cause a stir and he will hit top spot with this one.

So to conclude we are fucked.

Yes and it were a shite idea

28 minutes ago, Andyben said:

If New Ave are simply acting as nominee then it's not their asset so wouldn't do, but they would have the legal right to take security.

Good way of protecting debt owners identity 

Yep that all makes sense. As you say it's probably been discussed a few times previously 

7 minutes ago, Andyben said:

From the ex-West Ham director wasn't it. Its been done to death over past 4/5 years

True - it was a strange one because the old accounts never showed it as a loan, stuck it in other creditors.

The issue it creates is that as a rolling loan facility the historic charges are not being satisfied. I sort of get why they are not, seen that elsewhere.

The other is the reference to New Avenue Projects Limited, as you look at their accounts there is no outstanding loan in debtors. So not quite sure how it all pieces together.

4 minutes ago, Andyben said:

Typical thick South Barnsley lad then...

From Stocksbridge - he used to frequent the Dressing Room section on Stalk 

6 minutes ago, Andyben said:

Its£66m isn't it?

You know 10 times £6.6m....

 IIRC wasn't this a debt that Mandaric had accumulated and was perhaps not 100% transparent about its origins.

As we know if you acquire the shares then you get all the assets and liabilities.

I suspect there is a lot more background to this, but simply conjecture on my part 

5 hours ago, Andyben said:

so.... every year the club renews a £6.6m loan and the lender requires a charge over the stadium as security from DC being the owner of the club.

As DC isn't UK resident, a personal guarantee isn't worth a penny - also capital exchange controls in Thailand MAY  prevent him from provided foreign debt security and if so this would be unenforceable in Thai courts. So any UK asset he owns is provided as security.

The loan is over 10yrs old and is more likely than not used to support cashflow during the season. 

DC has previously referred to this loan in Q&A's and IIRC the advice he had was not to repay from his own funds for whatever reason

 

https://find-and-update.company-information.service.gov.uk/company/12064489/filing-history

Fuck me I dare not go on Stalk

The finance expert S36 OWL- drives a removal van - will be telling everyone the debt is now £26m

I will take the word of the professionally regulated audit firm that signed off the disclosure in the 2022 accounts that stated the above.

More shite speak then 

I am getting some love on Stalk after calling them out on the Maguire twitter feed.

Disappointed they haven't ganged up on twitter yet 

6 hours ago, EBRA said:

I think you have a valid point in your definition  and to be fair it’s one I could get my head around.

I just can’t help but think it more sinister for some who use it!

Maybe that’s more reflection of my feelings towards the current state of things outside football than those who are using at s6 

Slight tangent but in life I am a strong advocate of human rights but that is intertwined with human responsibilities. 

Taking that down several large degrees, I accept that the fans should have the right to protest, but with a responsibility not to disrupt the players or indeed others enjoyment.

To move that on, if you are seeking to get Chansiri out, get our Wednesday back, then for me you cannot pass the responsibility on in finding a new investor.

You will not embarass or force DC out of owning the Club. What could work is persuading him that for the Club and indeed his own wellbeing, a change is appropriate.

To repeat a point, what actually does he get from owning the Club, what is the motivation, what are the intentions. That is unknown, may never be volunteered by him, but to me is the crucial part of the jigsaw

What I object to in those type of lists is it fails to put the yin with the yang.

For example it fails to list any of the decent players acquired.

Or in May 2016 - Wednesday got the nearest since 1999 of returning to the Premier League

Rather than saying losses of £Xm you could flip and state funds introduced to run the Club by DC.

Clearly there are some of the things on the list that are well deserving of criticism. The whole stadium debacle for one where a spend of a couple of grand on a property lawyer would have saved a lot of grief. 

I refer to it because that time absolutely changed my relationship with SWFC. I grew tired of dragging my arse up the M1 to see performances on the pitch clearly impacted by the piss poor decisions off it. 

The truism stated on here is that if the team are doing well then the issues DC has created are temporarily parked. If we are not, and where over the summer more are added, I understand where the frustration comes from.

Are the protests the right way, probably not, but I guess I understand where they are coming from in seeking change. But you cannot de-stabilise the Club and then leave AN Others to sort the mess.

7 minutes ago, Chelters said:

Didn’t acknowledge my point the mardy f****r. I got 4 likes though so am flying on dopamine now. 

I was one of them 😁

Just now, Ozzie said:

Gi Staton a kickin whilst he's at it 

I think it was Alex Miller I had a twitter conversation with at the time the main accounts were released, asking why they didn't get a local accountant to put their view across. He had quoted Richard Murphy an academic at Sheff Uni and I suggested why get views from a lecturer that never do real life stuff 

11 minutes ago, Tylluan said:

Can't Chansiri's legal team get Maguire to retract and issue an apology for spreading false information?

Get him under harming Sheffield 2's business reputation?

Thing is I responded similarly to what Chelts did and he acknowledged my point that it was basically the same accounts 

11 minutes ago, EBRA said:

Please explain to me what

“we want our Wednesday back” actually means?

When did we have it please?

What does it look like if we get it back?

 

 

Good question 

I suppose at present its not a Club that is dominated by an owner, his personality and his mood swings and the question as to whom lurks in the background

But the Man U fans ask similar

Everton fans certainly have questioned it 

I don't think this mystical rose tinted world really existed but yep you are caught between a rock and a hard place, you want the Club to be competitive on the pitch but would prefer your owners to be decent and understand the fan base

1 hour ago, KrolMong said:

It’s getting incendiary. The average football fan looks at those Sheffield 2 accounts and sees the word ‘loss’ and adds fuel to the Chansiri fire. Maguire pops up and incorrectly pours more petrol on it, and then Facebook, X and OwlsTalk, where the majority of people don’t understand any of this jump and down screaming.

There’s an adage, if you look for bad news it’s always easy to find. That’s happening here.

Good to see that Chelts sane post above has been noted on Stalk, not that it stops the "experts" on there 

Like I have said before, probably on this thread, the fact is the unchallenged shite that gets spouted on Stalk (with a few honourable exceptions that fight a lone battle on there) is like you say this gets spread around other social media channels as "fact" 

When these "facts" are then used to "pour petrol" to de-stabilise the Club for what ever purpose, then it needs to be challenged somehow  

24 minutes ago, Ozzie said:

Black balloons at night.

These anonymous bitches need outing. Could be S2 lot stirring the shit, maybe Dingles/ Toytown The ideas they've had are tinpot just like them.

 

Whatever you think about DC, backing a group you have no idea who is behind it and who's only intent is for DC to just up sticks and feck off. The gimps then think we'll be bought by someone who will steer us reyt. So where is this buyer now?

My Spidey senses are tingling with this mob

I never hid with the original WTID - but then it was not really a protest group more wanting to ensure the club survived or not fall into unscrupulous hands

But some of the group were, and are, well known in the village that is Sheffield's business community so there was a rational for them to be unseen 

But yep in this case then at least some of the organisers should have the balls to step out 

Is that literal - bring a tin of Dulux with you and a brush 

Just thought I had best clarify my context of using "gimp" was "in lacking spirit" 

I appreciate there is another context - which would be totally wrong to use at any time - so accept my apologies if that context was taken

Moral of that is not to post early in the morning and check the other definitions of words before ruddy using em

#fucktard

5 minutes ago, Chelters said:

Kieran Maguire embarrassing himself on Twitter by implying that Sheffield 2 has lost £7m in its own right as he doesn’t seem to understand the difference between group and company accounts. I don’t normally bite but I’ve pointed it out for him on this occasion. 

I recall he never knew group relief existed either 

Anyway some horrible person 🙈 as referred to "our gimp fans on Owlstalk can stop mithering"

No idea who that could be 

1 minute ago, HoylandOwl said:

So nothing for the layman or club to worry about….? Is that what you’re saying 

No these are basically the same accounts we have already seen for SWFC - this is just the holding company which as nothing going on itself,beyond it also owns a Hong Kong company called Sheffield Wednesday (or that ilk)

Page 18 is just an occupational hazard - don't trust the computer !

58 minutes ago, HoylandOwl said:

Go on.....

One for us accountant geeks - the software used flags "warnings" about inconsistencies etc. Page 18 is basically one of these warnings and clearly no one actually ran thru each page and spotted it 

Not that I would ever do something stoopid like that - well not every week anyway  

What a top tribute to the fella. A Hull Uni alumni as well and accountant so a path some of us have followed hits home somewhat.

5 minutes ago, Chelters said:

Not sure about page 18 though. The moral of the story is always have a quick check before you file. 

😆 oops