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Re: Argyle takeover depends on separate property deal!

Posted: 15:28 01 Aug 2011
by Argyle Nutter
Heard a rumour last week that may offer some credit to this story.

Apparently Barry Hayles is looking to buy Truro off of Heaney. Not sure that he'd get his 5 million to fund Argyle but would solve the dual ownership issue.

Re: Argyle takeover depends on separate property deal!

Posted: 15:49 01 Aug 2011
by X Isle
Argyle Nutter wrote: Heard a rumour last week that may offer some credit to this story.

Apparently Barry Hayles is looking to buy Truro off of Heaney. Not sure that he'd get his 5 million to fund Argyle but would solve the dual ownership issue.


The angle they're going for though is that he isn't directly owning Argyle just buying some land and property, not sure it'll wash but there you go. If he did it'd show how desperate he was for cash, it'd take at least £1.4m to buy out his loans to Truro but he's a desperate man right now, Bazza could get a bargain price.

Re: Argyle takeover depends on separate property deal!

Posted: 15:50 01 Aug 2011
by oggyale
Argyle Nutter wrote: Heard a rumour last week that may offer some credit to this story.

Apparently Barry Hayles is looking to buy Truro off of Heaney. Not sure that he'd get his 5 million to fund Argyle but would solve the dual ownership issue.



:shock: He must have some savings tucked away then ??........

Re: Argyle takeover depends on separate property deal!

Posted: 17:10 01 Aug 2011
by sharkbait
greengenes wrote: Has Stapleton or any of the previous Board got property for sale ? :stir:


Who was selling their house a month or so ago wasn't that one of the sad 7.

Re: Argyle takeover depends on separate property deal!

Posted: 17:22 01 Aug 2011
by oggyale
Andy_Symons wrote:
oggyale wrote:
Argyle Nutter wrote: Heard a rumour last week that may offer some credit to this story.

Apparently Barry Hayles is looking to buy Truro off of Heaney. Not sure that he'd get his 5 million to fund Argyle but would solve the dual ownership issue.



:shock: He must have some savings tucked away then ??........


With the career he's had I'd be amazed if he wasn't a fairly wealthy man.



Well if he does buy Truro City,i him all the best of luck......

Re: Argyle takeover depends on separate property deal!

Posted: 19:33 01 Aug 2011
by tk63157
Peter_dout wrote: This administration period has been unique in that the administrator is unfunded. So despite
The last lot gambling millions of the clubs money to make themselves richer, they aren't prepared to cough up to pay someone to help get their money back. It absolute enrages me that many local businesses have been for forced to write off over 99% of money owed to them, whilst the only suffering Paul Stapleton has gone through was having to delay his so called family holiday, which half of his family weren't joining him for, whilst his son missed school for a day.

I was reading about Southampton the other night and noticed that the football league rejected a takeover from a consortium fronted by Matt Le Tissier.

This was orchestrated by all of the last lot the minute Blatter pulled Russia out of the hat.


Apologies if this has already been made known, but Ridsdale was telling the corporate sponsors he invited to Home Park (Wednesday 13th July) that the initial proposal was rejected. He put a spin on it though, through our very poor local media, that "talks were positive". He had to go and re-think his three-year plan

Re: Argyle takeover depends on separate property deal!

Posted: 20:34 01 Aug 2011
by TimHarris
LSGreen wrote: Ok so Ridsdale appointed Guilfoyle, I accept that but that doesn't take away from the point that it's not Ridsdales responsibility to provide the money (apart from his pound) or enforce the deadlines for the payments.

As for this all being orchestrated again I don't know if it has been or not but didn't Ridsdale say at the London meeting his personal preferred bidder was Brent, which would (if he was telling the truth) blow that theory out the water?

It's become increasingly difficult on this site to accurately distinguish concrete facts from opinion disguised as facts.


I've generally found that what Ridsdale says, means and does are, more often than not, mutually exclusive.

I predict when all this is over and he suddenly ups and leaves the club in 5 years time he'll come out with a comment along the lines of "I told you I would leave if the Japanese money never showed up".

Re: Argyle takeover depends on separate property deal!

Posted: 22:39 01 Aug 2011
by PL2 3DQ
A scenario?

We now know that the delay in the Sale and Purchase agreement is because Kevin Heaney is waiting on another land deal to be completed.

It’s also been reported that Truro City’s Treyew Road stadium is not up to the standard for the Conference if Truro get promoted again.

Heaney has already tried to build a new stadium at Treyew Road but local residents opposed it and a proposed new stadium at Threemilestone would cost £14 million and above.

So…. Is Heaney selling the Treyew Road ground to a supermarket chain or Cineworld and would then move Truro City FC to Home Park to groundshare with Argyle? Perhaps in time for the 2012-2013 season?
Would the local authority or Restrictive Covenants on the land at Treyew Road allow this to happen?
Heaney is linked to Gibraltar-registered companies Wittering Services Limited and newly-formed Cornish Land (Holdings) Limited so is he using either of these off-shore companies as a vehicle to sell Treyew Road in much the same way as Bishop International Limited is being used to buy PAFC?

Our new pitch is designed and built to be played-on each week; Keith Todd wanted to stage rugby matches on it.

Heaney would settle several issues in one swoop.
He would get to keep Truro City FC, he would get money from the sale of Treyew Road with some or all of the cash used to purchase PAFC. He's not interested in Argyle as a football club but is interested in the development opportunities around Home Park.
He would get a ready-made football stadium that is up to League and Conference standard should Truro City get promoted again.
Ridsdale would run PAFC, Heaney would run TCFC and own the land around Home Park.

The next question is would the eventual profits from the redevelopment be used to prop up TCFC?

This is all speculation on my part.

Re: Argyle takeover depends on separate property deal!

Posted: 23:53 01 Aug 2011
by Lord Tisdale
PL2 3DQ wrote: A scenario?

We now know that the delay in the Sale and Purchase agreement is because Kevin Heaney is waiting on another land deal to be completed.

It’s also been reported that Truro City’s Treyew Road stadium is not up to the standard for the Conference if Truro get promoted again.

Heaney has already tried to build a new stadium at Treyew Road but local residents opposed it and a proposed new stadium at Threemilestone would cost £14 million and above.

So…. Is Heaney selling the Treyew Road ground to a supermarket chain or Cineworld and would then move Truro City FC to Home Park to groundshare with Argyle? Perhaps in time for the 2012-2013 season?
Would the local authority or Restrictive Covenants on the land at Treyew Road allow this to happen?
Heaney is linked to Gibraltar-registered companies Wittering Services Limited and newly-formed Cornish Land (Holdings) Limited so is he using either of these off-shore companies as a vehicle to sell Treyew Road in much the same way as Bishop International Limited is being used to buy PAFC?

Our new pitch is designed and built to be played-on each week; Keith Todd wanted to stage rugby matches on it.

Heaney would settle several issues in one swoop.
He would get to keep Truro City FC, he would get money from the sale of Treyew Road with some or all of the cash used to purchase PAFC. He's not interested in Argyle as a football club but is interested in the development opportunities around Home Park.
He would get a ready-made football stadium that is up to League and Conference standard should Truro City get promoted again.
Ridsdale would run PAFC, Heaney would run TCFC and own the land around Home Park.

The next question is would the eventual profits from the redevelopment be used to prop up TCFC?

This is all speculation on my part.


Pretty crazy stuff when you consider that building a ground from scratch to Conference standards could be done quite comfortably for 4 million, why also would they think that the Cornish would travel up every week rather than every fortnight like they do now?

Either way Heany hasn't got the money for either deal.

Re: Argyle takeover depends on separate property deal!

Posted: 09:43 02 Aug 2011
by PL2 3DQ
http://www.thisisdevon.co.uk/story-1305 ... story.html

Heaney's two off-shore companies have the same three Yorkshire-based Nominee companies as Bishop International.

Re: Argyle takeover depends on separate property deal!

Posted: 09:59 02 Aug 2011
by cheshiregreen
PL2 3DQ wrote: http://www.thisisdevon.co.uk/story-13054903-detail/story.html

Heaney's two off-shore companies have the same three Yorkshire-based Nominee companies as Bishop International.



[The governing body spoke with Argyle's lawyer David Hinchliffe yesterday morning.

"He doesn't envisage any legal problems," Ridsdale said. "As far as I'm aware, it is all on track."



But other types of problems?

Ridsdale added: "As I've said before, to a certain extent, as long as the check clears I don't care.

"All I know about the funding is that Brendan [Guilfoyle, lead administrator] is the one who gave him preferred bidder status."

Mr Guilfoyle was unavailable for comment yesterday but it is understood he accepted Bishop International's proof of funding in April, when the deal involved investment banker Koichiro Abe, who has since pulled out.



Him? Thought Bishop International was a consortium. :eh:

Re: Argyle takeover depends on separate property deal!

Posted: 10:04 02 Aug 2011
by PL2 3DQ
cheshiregreen wrote:
Ridsdale added: "As I've said before, to a certain extent, as long as the check clears I don't care.

"All I know about the funding is that Brendan [Guilfoyle, lead administrator] is the one who gave him preferred bidder status."






More evidence that Ridsdale is distancing himself from Guilfoyle.

Re: Argyle takeover depends on separate property deal!

Posted: 10:08 02 Aug 2011
by Green_Matt
PL2 3DQ wrote: A scenario?

...

This is all speculation on my part.

Let's hope so!