Pork talk

Discussion in 'Bulletin Board' started by john coucom, Oct 11, 2023.

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  1. joh

    john coucom Well-Known Member

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    Chansiri borrowed another £6.75 mill against the pig sty
     
    john coucom, Oct 11, 2023
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  2. Tarntyke

    Tarntyke Well-Known Member

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    I suspect it’s to fund a January transfer-fest to try and keep them up. No where near enough, hopefully.
     
    Tarntyke, Oct 11, 2023
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  3. kektyke

    kektyke Well-Known Member

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    Or to pay Xcisco and his staff off
     
    kektyke, Oct 11, 2023
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  4. matoakwell

    matoakwell Well-Known Member

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    Looks like its the old debt being protected by the lender. Screenshot_2023-10-11-13-48-40-39_40deb401b9ffe8e1df2f1cc5ba480b12.jpg
     
    matoakwell, Oct 11, 2023
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  5. Stephen Dawson

    Stephen Dawson Well-Known Member

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    Is he rich enough to buy the ground and rent it to himself and own the club and lend money to himself? Thus circumventing the rules along the same lines we did with Thiam, Sibbick and Mcgeehan.
     
    Stephen Dawson, Oct 11, 2023
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  6. Gordon Owen

    Gordon Owen Well-Known Member

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    He's not, it's his dad's money, even funnier.
     
    Gordon Owen, Oct 11, 2023
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  7. wak

    wakeyred Well-Known Member

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    So he's charging himself £6 million in case he doesn't repay himself later? Or is it like an insurance scam, he's insured himself so when he defaults his own repayments to himself he gets a payout?
     
    wakeyred, Oct 11, 2023
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  8. matoakwell

    matoakwell Well-Known Member

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    No idea
     
    matoakwell, Oct 11, 2023
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  9. bri

    briscatyke Well-Known Member

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    Hasn’t he stopped funding them/himself?
     
    briscatyke, Oct 11, 2023
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  10. Men

    Menai Tyke Well-Known Member

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    House of cards.
     
    Menai Tyke, Oct 11, 2023
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  11. Old Goat

    Old Goat Well-Known Member

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    If I ever start to understand how Wednesday's finances work, I'll be seriously concerned about my sanity.
     
    Old Goat, Oct 11, 2023
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  12. Stephen Dawson

    Stephen Dawson Well-Known Member

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    Is it money laundering when it's your own money?
     
    Stephen Dawson, Oct 11, 2023
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  13. Redhelen

    Redhelen Well-Known Member

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    Circumventing the rules probably, look out for more points deductions!
     
    Redhelen, Oct 11, 2023
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  14. man

    mansfield_red Well-Known Member

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    No, the lender (New Avenue Projects Limited) has secured its right to a payment of £6.75m next September against Hillsborough.
     
    mansfield_red, Oct 11, 2023
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  15. Arc

    Archerfield Well-Known Member

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    Just had a look at New Avenue Finance accounts and it’s a tiny business.

    The football club sold the stadium to Sheffield 3. Sheffield 3 charges the football club rent.

    The granting of security by Sheffield 3 to New Avenue finance suggests (and I may be wrong) Sheffield 3 has taken a loan from New Avenue Finance in advance of the receipt of the rent from The football club. This loan has been secured against the ground.

    As mentioned earlier this is an annual occurrence since the sale of the ground occurred.
     
    Last edited: Oct 11, 2023
    Archerfield, Oct 11, 2023
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  16. Dar

    Darfield138 Well-Known Member

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    Yes you can launder your own money. The definition of criminal property is provided in section 340 of the Proceeds of Crime Act 2002:

    (3)Property is criminal property if—

    (a)it constitutes a person’s benefit from criminal conduct or it represents such a benefit (in whole or part and whether directly or indirectly), and

    (b)the alleged offender knows or suspects that it constitutes or represents such a benefit.

    (4)It is immaterial—

    (a)who carried out the conduct;

    (b)who benefited from it;

    (c)whether the conduct occurred before or after the passing of this Act.
     
    Darfield138, Oct 11, 2023
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  17. Stephen Dawson

    Stephen Dawson Well-Known Member

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    Is it bent though?
     
    Stephen Dawson, Oct 11, 2023
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  18. North Yorks Red

    North Yorks Red Well-Known Member

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    how? the whole shebang is only worth thruppence and a blacky’s egg :D
     
    North Yorks Red, Oct 11, 2023
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  19. Gimson&theBarnsleys

    Gimson&theBarnsleys Well-Known Member

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    Bannon Crescent, Palmer Way, Hirst Avenue, Di Canio Drive etc, all coming soon to S6.
     
    Gimson&theBarnsleys, Oct 11, 2023
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  20. Andy Mac

    Andy Mac Well-Known Member

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    Darren Moore Walk.
    Cul De Sac
     
    Andy Mac, Oct 11, 2023
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