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Re: Akkeron Statement - embargo lifted

Posted: 12:21 05 Apr 2011
by Iggy
esmer wrote:
Andy_Symons wrote: I've posted this quote from the Herald article on another thread, but I think it's worth posting here, before the love-in gets out of hand:

The former Citibank banker has set aside a strictly-capped seven-figure sum for the deal. He says he will not fund the administration process or pay for exclusivity with lead administrator Brendan Guilfoyle


I'd say that was a fairly major sticking point to any deal.

Before stumping up any money I would think he is waiting for the CVA to be agreed so he knows how much he is in for. That also gives him and Brendan a stronger negotiating position. The creditors know he can always walk away.
With the players and staff not being paid and Brendan, no doubt, not taking any fees yet the money from Stephen's transfer could see us through.


I am sure that the Stephens transfer money will go in with the match day income to fund the club until the end of the season, as for Brenda I will bet a pound against a pinch of pig poo that no-one gets their hands on Argyle until his wages are paid.

Re: Akkeron Statement -press embargo lifted

Posted: 12:23 05 Apr 2011
by Quintrell_Green
I hope the future likely reductions announced on CEEFAX today in the Football League grants trickling down to League Two as a result of the fall in the £Ms to be paid out by SKY for TV rights will not have a negative impact on budgets and cash flows. It will certainly not make an existence in the lower leagues any easier.

Re: Akkeron Statement -press embargo lifted

Posted: 12:26 05 Apr 2011
by esmer
Brendan's fees will be part of the CVA payable by the new owner.

Re: Akkeron Statement -press embargo lifted

Posted: 12:28 05 Apr 2011
by P.L.I.H
I am still very cautious, but this is good news, that Brent wants to be involved and what he has outlined for how the club should be run.

I hope BG isnt the reason any potential deal would be scuppered

Re: Akkeron Statement -press embargo lifted

Posted: 12:32 05 Apr 2011
by Gareth Nicholson
Graham Clark wrote: Just for the record I am not aware of any part of James Brent's proposals for the restructuring of the Football Club and the Board that includes a representative of the Argyle Fans' Trust as a Board member.


Graham- subject to the will of the Trust's members of course, but have the ISC taken a view, or do they intend to take a view, about the possibility of the Trust serving as an umbrella body for individual shareholders, so as to speak with one voice as a bloc?

Re: Akkeron Statement -press embargo lifted

Posted: 12:36 05 Apr 2011
by LondonGreen
Quintrell_Green wrote: I hope the future likely reductions announced on CEEFAX today in the Football League grants trickling down to League Two as a result of the fall in the £Ms to be paid out by SKY for TV rights will not have a negative impact on budgets and cash flows. It will certainly not make an existence in the lower leagues any easier.

Ceefax? How retro! :)

Re: Akkeron Statement - embargo lifted

Posted: 12:41 05 Apr 2011
by The Doctor
Pontypoolgreen wrote:
The Doctor wrote:
floydian_janner wrote: Optimism tinged with caution here, after reading the herald I don't like the sound of the Paul Buttivant option, "Major retail and other development on the land around HP", not something that the council will be very keen on I would think, and sounds a bit too much like what we have had before. However some sensible redevelopment is surely not merely desirable, but essential for the future of the new owning company and the football club. Mr Brent has had dealings with the council, knows Plymouth, and seems not to be given to wild flights of fantasy. A new Grandstand, incorporating a suitable hotel to meet the needs of the teams and supporters using the adjacent Life centre facilities, as well as visiting football fans may fit, some leisure facilities to replace those that the council are keen to demolish at the pavillions may fit, whatever it may be it seems that Mr Brent is a pretty good bet to carry it forward, add a known football man to the board, and maybe a popular former director with communication and marketing skills, and maybe representation from a "trusted" fan body and we could have something - if nothing else at least a club to support next season!


I suggested that bit last week in a thread somewhere here. Brent may be a "relunctant bidder" but he's clearly not stupid and he'll realise that there will be two keys to giving his plans the maximum chance of success. The first is to communicate the vision of the brand very effectively to the fans - for this he will need a brand marketing expert - and the second will be to demonstrate to fans that he is someone who can be trusted. He could do both of these things by hooking up with a well trusted former Director with expertise in brand marketing. If such a person exists ( :wink: ) I'd really be quite surprised if they weren't involved somehow.

With Ridsdale potentially also on board (??) that then leaves two places in his team of five but we've already read about Brent's links with Jason Collard (urban regeneration specialist so that's the property development part covered) and it seems likely that he'll be involved somehow. So who might the final spot go to? Personally I doubt it will be a fans representative - the part that is lacking is the alternative revenue generation aspect (food, events, etc).


Tony Campbell.

I doubt he'd come back though.


Not the type of person I was thinking about at all. I'm thinking of someone more dynamic and more widely experienced in that type of work. TC may be a thoroughly nice chap who did everything he could, when he could, for Argyle fans but I don't get the impression that he's the kind of person who can develop and lead an off-field revenue generation strategy of the kind and scale that is needed here.

Re: Akkeron Statement -press embargo lifted

Posted: 12:46 05 Apr 2011
by oggyale
It is only an intent statement from Brent & Co with their plans,as there is another bidder too.

Time is running out,and the shareholders must vote in favour of the best bid,and what that offers to them.

http://www.thisisplymouth.co.uk/news/RE ... ticle.html

The word 'hopefully' is used in the Herald report in regard to new owners by the end of April/May.

So,i am not jumping for joy just yet,but hopefully,i will be soon. :P :mrgreen:

Re: Akkeron Statement -press embargo lifted

Posted: 13:10 05 Apr 2011
by Graham Clark
Gareth Nicholson wrote:
Graham Clark wrote: Just for the record I am not aware of any part of James Brent's proposals for the restructuring of the Football Club and the Board that includes a representative of the Argyle Fans' Trust as a Board member.


Graham- subject to the will of the Trust's members of course, but have the ISC taken a view, or do they intend to take a view, about the possibility of the Trust serving as an umbrella body for individual shareholders, so as to speak with one voice as a bloc?


In answer to your general point, Gareth, the short answer is no we haven't taken a view. The ISC is holding meetings this week to discuss the implications of what has been proposed by James Brent. As Mr. Brent has not paid the administrator a fee to secure a period of exclusivity there remains a chance that another bidder could come to the fore. We'll see. In the meantime, in the absence of any other formal proposals on the table, we are proceeding on the basis that the Akkeron Group will be the eventual new owners. As others have indicated, depending on the CVA being agreed, the new owners could be in place soon after the season has ended.

Re: Akkeron Statement -press embargo lifted

Posted: 14:09 05 Apr 2011
by Rupert
Gareth Nicholson wrote:
Graham Clark wrote: Just for the record I am not aware of any part of James Brent's proposals for the restructuring of the Football Club and the Board that includes a representative of the Argyle Fans' Trust as a Board member.


Graham- subject to the will of the Trust's members of course, but have the ISC taken a view, or do they intend to take a view, about the possibility of the Trust serving as an umbrella body for individual shareholders, so as to speak with one voice as a bloc?



There is an existing Shareholders' Association which should or could take up that role.

Re: Akkeron Statement -press embargo lifted

Posted: 14:15 05 Apr 2011
by oddball
As a shareholder myself we have our own association which speaks on behalf of the shareholders.

Re: Akkeron Statement -press embargo lifted

Posted: 14:30 05 Apr 2011
by green eyed monster
LondonGreen wrote:
Quintrell_Green wrote: I hope the future likely reductions announced on CEEFAX today in the Football League grants trickling down to League Two as a result of the fall in the £Ms to be paid out by SKY for TV rights will not have a negative impact on budgets and cash flows. It will certainly not make an existence in the lower leagues any easier.

Ceefax? How retro! :)


The internet for old people :)

Re: Akkeron Statement -press embargo lifted

Posted: 14:31 05 Apr 2011
by oddball
Shareholders are not liable for any of the company's(club's) debt.All shareholders lose is the value of their shareholding,as the shares are now worthless.Whether new owners will issue new shares in the new Plymouth Argyle,we will have to wait and see.