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BMM
Oct 3, 2017 14:23:32 GMT
Post by bonitared on Oct 3, 2017 14:23:32 GMT
According to the last accounts I saw,the Club was 100% owned by one of the Euromatech companies .
That company was dissolved earlier this year.
I assume he now owns the shares.
Yes,he can send the company down by simply withdrawing his support.
I assume he hasn’t done that and he will transfer all the shares into a Trust,at which point he’s given them away.
As you correctly said,the only issue then would be personal guarantees
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BMM
Oct 3, 2017 14:30:02 GMT
Post by JJR on Oct 3, 2017 14:30:02 GMT
Can a debt be transferred to a Trust? Thought assets only.
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Deleted
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BMM
Oct 3, 2017 14:35:34 GMT
Post by Deleted on Oct 3, 2017 14:35:34 GMT
Please bare in mind that Gary Garter also did say BMM would be the only other out going from Salford so be patient, we will hopefully know a lot more soon
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BMM
Oct 3, 2017 14:38:10 GMT
Post by bonitared on Oct 3, 2017 14:38:10 GMT
Can a debt be transferred to a Trust? Thought assets only. I assume he’d just transfer the shares |
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BMM
Oct 3, 2017 14:38:36 GMT
Post by boggles61 on Oct 3, 2017 14:38:36 GMT
Where in the last set of accounts does it say SALFORD 2013 is owned by anyone else ?
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BMM
Oct 3, 2017 14:59:31 GMT
Post by JJR on Oct 3, 2017 14:59:31 GMT
So what is the debt and who now owns it?
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BMM
Oct 3, 2017 15:00:04 GMT
Post by bonitared on Oct 3, 2017 15:00:04 GMT
Where in the last set of accounts does it say SALFORD 2013 is owned by anyone else ? It won’t let me copy and paste,but it’s in the companies house filing history |
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BMM
Oct 3, 2017 15:02:09 GMT
Post by bonitared on Oct 3, 2017 15:02:09 GMT
So what is the debt and who now owns it? I’m no expert,but I think the debt is with the 2013 club. You’d need to have confirmation from a creditor to be sure |
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BMM
Oct 3, 2017 15:33:56 GMT
Post by boggles61 on Oct 3, 2017 15:33:56 GMT
Downloaded last set of accounts , can't see any mention of another company , your right Bonita Euromatech was dissolved in August this year , he only has 1 other company registered at companies house for hotels . He also has a charge on the club , set up in October 2014 , no amount mentioned but its a debenture to potentially get him monies back if there were any and there isn't . As i see it he's the sole Director of a company that without either money in or extreme cost saving isn't solvent , therefore sale of players makes sense he might even get some of his loans back that way , but facts are as of last set of accounts the club is over £8m in debt and losing money hand over fist  ? |
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Deleted
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BMM
Oct 3, 2017 15:35:12 GMT
Post by Deleted on Oct 3, 2017 15:35:12 GMT
Back to BMM if the Doc is going and we seem to be in a state of limbo until the new board/trust is formed who would rubber stamp his sale?
For me can only be Koucash who has the ability to do so.
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BMM
Oct 3, 2017 15:56:09 GMT
Post by bonitared on Oct 3, 2017 15:56:09 GMT
Correct
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BMM
Oct 3, 2017 17:05:56 GMT
Post by scoot on Oct 3, 2017 17:05:56 GMT
Hang on, We have just announced the signing of Gavin Bennion and a good day selling season tickets, no mention regarding BMM
I think this Warrington thing is a wind up
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BMM
Oct 3, 2017 17:09:32 GMT
via mobile
Post by dentonred on Oct 3, 2017 17:09:32 GMT
Some reports that HKR may re-enter the frame for BMM now. If he's going to go then a bidding war only suits us.
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BMM
Oct 3, 2017 17:21:45 GMT
via mobile
Post by Astleyred on Oct 3, 2017 17:21:45 GMT
How does a bidding war suit the club, if as mentioned above is correct only Koukash will benefit from any money coming in to repay his loan?
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BMM
Oct 3, 2017 17:37:44 GMT
via mobile
Post by dixon13 on Oct 3, 2017 17:37:44 GMT
Hang on, We have just announced the signing of Gavin Bennion and a good day selling season tickets, no mention regarding BMM I think this Warrington thing is a wind up Why how many have sold. |
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