Todays Sunday Mirror is on about Patrick Cryne and Isoft being not all it seems

My mother rang me and read the article to me. Does anyone have any ideas what this may mean to Barnsley Football Club.

 

What did thi mother say ???

 

she said "good Morning"

 

What Does The Article Say ?

 

uuuummmm, So the conversation went something like this.......

Yer mam........... "Good Morning, todays Sunday Mirror is on about Patrick Cryne and Isoft being not all it seems" !!!!

Bang !!! - phone go's down

And I thought i'd got problems with my parents (chinny)

 

It says this!!!!!!!!!!!!

SICKENING, EH?
EXCLUSIVE
By Stephen Martin
A TYCOON who made millions from a botched NHS computer system has bought FOUR homes, ONE golf course and A FOOTBALL CLUB.

And Patrick Cryne has still found enough cash lying around to help prop up the Tory Party - paying the wages of an aide to shadow defence minister Liam Fox.

Fat-cat Cryne, 55, has amassed a £50million fortune thanks in part to a deal for his firm iSoft to revolutionise chaotic NHS computer systems.

Yet taxpayers are being left high and dry.

The project is £14billion over budget, way behind schedule and so botched it may never work at all. But Cryne is now retired and lives with his wife Jean in a sprawling converted farmhouse in Derbyshire.

Cryne's massive earnings have seen him:


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Buy a £1.5million stake in a luxury golf course in Cheshire.


Pay cash for a £500,000 house in Ireland, near the mega-posh Beaufort golf course, where he is a regular.


Fork out £225,000 in cash for a penthouse flat near the Turnberry Golf Course in Ayrshire, where he has a coveted membership.


Purchase a luxury holiday villa on the Algarve.


Splash out £5million to buy a stake in his hometown football club, Barnsley, who play in the Championship.


Shell out millions on art - reportedly having Britain's largest private collection of Lowry masterpieces.


Cryne's firm iSoft, a specialist in healthcare systems, was awarded a £300million contract to work on the NHS computer project in January 2004.


The aim was to computerise millions of pages of patient records and allow GPs to book appointments for hospital operations at the click of a mouse.


Now there are mounting doubts that the scheme will ever work.


The contract sent iSoft's share price soaring. In July 2004, Cryne sold £12.75million worth of shares in the firm.


And in June last year, he sold another £14.9million worth.


Both windfalls came when the share price was £4.25p. In October Cryne quit the firm. Now iSoft shares are worth just 56p each after the firm lost nearly 90 per cent of its value in a year and then ran up a loss of £380million.


Cryne's retirement came before problems emerged with the NHS project and before alleged "irregularities" occurred in the firm's accounting.


The Financial Services Authority is probing revelations that the company claimed money it hadn't yet received as actual profits. The firm's operations director Steve Graham, 42, who co-owns the Vale Royal Abbey course with Cryne, was suspended by iSoft earlier this month.


He lives in a farmhouse in Mere, Cheshire, bought for £720,000 in 2001.


He paid cash for the property.


And Tim Whiston, 38, quit as the firm's chief executive in June.


He lives in a mansion in Lymm, Cheshire, worth around £700,000.


Both men bought their luxury homes after iSoft first floated on the Stock Exchange.


The revelation that Cryne is a Conservative donor will be hugely embarrassing to leader David Cameron, whose MPs have voiced fury about NHS computer chaos.


And it will cause outrage in former mining town Barnsley.


Many neighbourhoods there are still struggling to overcome the Tory annihilation of the area's coal industry in the 1980s.


Barnsley's Labour-run council works closely with Cryne and co-owns with him the land Barnsley's soccer stadium is sited on.


Cryne gave £70,000 to the Tories in 2001 and pays the wages of Paul Maynard, an assistant to rising Tory star Fox.


The payment is recorded in the House of Commons's register of interests.


iSOFT Fat cat tycoon who picked up £27M from botched NHS computer project that's £14BN over budget splashes out £750K cash for 2 hol homes & pays £1.5M for golf course & buys himself footie club for £5M & (SURPRISE SURPRISE) HE GIVES CASH TO THE TORIES!

 

hihihihihihi...Worksop has put the article for thi...as I couldn't

My copy of the Mirror is the Cardiff one...so it sez nowt. But I do now wonder if any repercussions may come our way.

 

Nothing new really

It states that Cryne left before any financial irregularites started so that puts him in the clear. As for donations to the Conservatives, I've known that for years and I assume eveyone does.

 

I just wondered, as it seems to be labeling PC as the villain.

Do you think his assets may be seized/frozen and if so how would that or could that affect BFC??? seeing as Barnsley Council has put in £3million too it could be a bit awkward.

 

Its worrying...............but I seem to be worried all the time about TARN these days !!!

 

good luck to him !

 

Excellent reporting!

Now I know why I don't buy tabloids!

 

Tabloid twots........ pull down the successful...

just so the losers have got something new to moan about..

A lot of success is in the timing.

If anything illegal has happened, then get the police in.

Otherwise... Come On You Reds... well done Patrick..

 

The reporters are making Mr Cryne

sound bad and have said lots of negative stuff.

I like how they have buried this important bit:

"Cryne's retirement came before problems emerged with the NHS project and before alleged "irregularities" occurred in the firm's accounting."

This suggests to me that he has done nothing wrong.

 

well thats my take too....but...

I think the press can be very instrumental at times in peoples downfalls...and if this becomes the case here, then I wonder how it could affect Barnsley ??

 

RE: The reporters are making Mr Cryne

Either that or he knew what was coming so got out.

 

Yes .............but isn't the article implying this..........

that PC knew what was on the horizon so baled out before it hit the fan

 

Well I for one

hope that everything is ok and that he has done nothing wrong and it's just bad reporting.

 

Private Eye have been pushing this story for a few months now.

 

RE: Well I for one

I also hope the same, just pointing out that him resigning before the accounting came to light would not necessarily mean that he hadn't done anything wrong.