[Official Site] CLUB STATEMENT

That’s my point. It’s taken from the dilapidation report at the time of transaction.

Nothing on there will cover the yearly works required by the landlord for the West Stand. It’s make sense if the West Stand had already been re-done.

 

It would be a guess but maybe because we got relegated?

 

Pretty stupid question don't you think?

 

Not really, I think there will be people on here who don't like foreigners.

 

I think that when someone says they dislike our owners and have in this very thread given a reason for that that it's out of order to even suggest the reason for that dislike is racism.

 

Thanks

 

Has your account been hacked by Selby red?

 

Gibberish

 

If there is a 3rd option, that’s not BMBC. I can only imagine it’s the company who sold it to Cryne & BMBC in the first place then.

That would be Peter Doyle? Cracking bit of business if that is the case tbf.

No idea if true, just thinking it through logically, as someone else said there’s a 3rd party involved.

 

A valuable contribution as always

 

Well said.

 

Doesn’t that back the clubs point of view because they can’t have had an option to buy Crynes 50% within 6 months because the Council already had an option if it came up for sale

 

No it means they own 20% of BFC Ltd and Investments own 80%, but HK own 100% of Investments.
In other words if BFC is worth £100, Crynes get £20 and the rest (Investments)have a split of £80.

 

Fair point.

I don't have the answers or the transcript of the quote.

Anyone any ideas?

 

It doesn’t explain why they didn’t take up sooner but I would guess that argument could work in their favour.

 

I guess we will find out something close to the truth if it gets a full hearing and doesn’t settle as the Judgment will be a matter of public record. But that will be months if not years away and this isn’t healthy for the football club.

I hope so personally because something hasn't stacked up from day one with these lot, in my opinion.

I am concerned at their litigious nature and outlook, as I think supertyke alluded to, we are a community asset, not a corporate entity.

I am more inclined to put my trust in the Cryne Family insofar as they are more likely to have Barnsley Football Club at heart. Patrick always spoke so passionately about the club.

I don’t like the statement at all, definitely reads like it’s been drafted by an American lawyer. For a start - prosecute?!

 

Sorry I meant 20% not 2%.

"investors purchased 80% of Barnsley Football Club from the Cryne Family for £ 8 million. A new holding company called BFC Investment Company Ltd was created to hold 100% of Barnsley Football Club"

If bfc investment company ltd (the Hong Kong company) holds 100% of barnsley football club then surely as 20% owners in the club 'the Cryne family' must own 20% of the Hong Kong based company?

 

Now that would be something. Can’t see it from the Council’s side though. But yes, smart.

IIRC - the option to buy though was always from the Cryne family share, not the council’s share. So was always initially 50% at first. Could be wrong though.

 

the lessons of a Hillsborough and pride park probably give us a clue why parties with a long term commitment want to keep the ground away from the hands of investors.