Pilgrims' Patter
The Forum => The B-Ark => Topic started by: Shoddys Lane on July 11, 2012, 09:32:00 AM
-
DAVID NEWTON has promised to deliver Boston United a new stadium despite revealing the project has encountered a setback.
The Pilgrims chairman updated supporters on the club's search for a new home at a fans' forum last week.
United have just six years left on their current lease at the Jakemans Stadium, with construction of a new ground set to take around two years.
Newton has narrowed his search by pinpointing two preferred sites.
But for the project to succeed, an enabling development – like shops, bars and a hotel – is essential to fund it.
However, with the recession continuing to bite, Newton admitted negotiations with key potential partners have stalled.
"We've been trying to move that forward and it's proving rather difficult in the current climate," revealed Newton.
"As I've said before we were looking at three sites. We're down to two now.
"Because we haven't got any money, we need an enabling development.
"Obviously, the current climate is not the best for that.
"As with any development like this, sometimes you move forward, sometimes you move back.
"We did think a couple of months ago we were almost there.
"But the companies we were talking to are all reviewing what they are doing.
"For example, we were talking to a hotel operator and things looked quite good.
"It looked like it was going to be quite a lucrative part of the project.
"But they revised their rooms rates across the whole country and as result of that, the value of their product came down and therefore they reduced their offer.
"Once we weighed that up, it wasn't worth doing. They are the sort of things we're coming up against at the moment."
However, Newton has reassured fans that he and vice-chairman Neil Kempster will deliver a stadium that will help take the club forward on and off the pitch.
"We will deliver a new ground, it's just timing," added Newton, the boss of property firm Chestnut Homes.
"We've been here five years and for most of that time, the country has been in recession and it's not getting any better, in fact it's getting worse. Nobody can see an end to it at the moment.
"But it's a fact of life. All the big companies are looking at their trading conditions.
"It's disappointing because we'd just about thought that we'd got there and we were hoping to announce something.
"But those partners have not fallen by the wayside, they're reviewing their position, and without them we can't make it work.
"We've got to move because we've only got six years left on the lease.
"We are in discussions with Boston Borough Council, they are aware of our plans.
"The county council is also in favour of what we're doing and we've got some funding bids in with them.
"There is a whole raft of things we're working on behind the scenes.
"But what we don't want to do is announce that we're going build a new stadium when we're not ready to deliver it."
-
Hey Dave,
Are you quite sure that the eminent Rollinson Planning Consultancy are really up to this sort of thing. Why don't you have another word with Mr Sotnick and see what ideas he has?
1. Have you tried to negotiate a new lease on YS. If the so-called double dip recession is so bad, what makes you think someone will want to buy YS from Mr Malkinson? If you get the council to say that it will not support any development on YS other than something for sporting purposes you may get another leasehold agreement by which time you can start fundraising to buy YS (as you should have been from the outset if you did not have other ideas on your mind!).
2. You said plans would be unveiled in early 2012. Why make such a promise ? As a seasoned house developer you should be cognisant that market conditions can change so quickly and not make it an appropriate time for a new development? When does your option on Tattershall road lapse? (The one you got from Lavaflow).
3. YS has sufficent land around it to permit an enabling development. Maybe you should try and buy it old boy? ;)
-
Why are you asking him on here?
-
what I can't understand is when the Club went into administration the debts were 1.3 million if I remember right.All creditors paid off so we start afresh debt free.Where does 3 million quid come from.According to the Standard the latest figures available show a loss of£190.000 for the year.We are losing nearly 4k a week.Worried
-
Why are you asking him on here?
Silly person. :)
-
what I can't understand is when the Club went into administration the debts were 1.3 million if I remember right.All creditors paid off so we start afresh debt free.Where does 3 million quid come from.According to the Standard the latest figures available show a loss of£190.000 for the year.We are losing nearly 4k a week.Worried
Pay more attention then! You don't think Lavaflow would just walk away after selling the club for a quid do you? ;)
-
You are mixed up between administration and liquidation nh83.
Also small matters like £100k unpaid FA fine , £75k unpaid loan, plus £100k rent to pay after rent reassesment .
As SP says you don,t think Lavaflow would sell the club for a quid do you ?
-
"We've been here five years and for most of that time, the country has been in recession and it's not getting any better, in fact it's getting worse. Nobody can see an end to it at the moment.
Recessions don't turn into depressions overnight, and as for an end to it, if we are in the early throws of a kondratieff winter, like I predicted in 2008, they are 25 year seasons.
While I don't doubt anybody's good intentions, I can see the town of Boston having a team without a stadium to play in and a empty stadium that nobody can do anything with.
-
"We've been here five years and for most of that time, the country has been in recession and it's not getting any better, in fact it's getting worse. Nobody can see an end to it at the moment.
Recession don't turn into depressions overnight, and as for an end to it, if we are in the early throws of a kondratieff winter, like I predicted in 2008, they are 25 year seasons.
While I don't doubt anybody's good intentions, I can see the town of Boston having a team without a stadium to play in and a empty stadium that nobody can do anything with.
Er, quote by David Newton, not me.
-
No G HM .Liquidation is the end of the existing company.C V A is where you come to an arrangement with creditors ,eg x amount in the pound they are owed.This is why big points deductions now happen to stop this, as it is unfair on the well run clubs.Clubs in administration can wipe most of there debts off and start again.
-
You are right about liquidation nh83 with all debts being wrote off and a clean slate to start again under another name . e.g. Chester , Nuneaton, Telford , Halifax etc .
You have got your figures mixed, as Newton states we went in admin to the tune of
£3,006,342 . 68 thats where the £3million quid comes from .
Well run clubs don,t go into admin and a big points reduction does not deter rogue owners from going into admin . What it does do is punish the clubs and fans when these scumbags flee .
"Clubs in admin can wipe most of these debts off and start again " sounds easy enough !
I bet Newton did,nt find it that easy .
Looking at the creditors list shows we owed :
Glasgow rangers £38k
Chester £5.7k
Portsmouth £13k
plus sums to other various League clubs .
-
G H M.What was the actual total figure figure of debt on the creditors list.I am sure it wasn' t 3 million quid.It was reported to be over 1 million not 3 million.
-
The figure was exactly as stated above nh83 .
A few names on the creditors list:
Lavaflow £1.4 MILLION
PAYE £847,000 . 00
VAT £214,300 .00
PFA £14K
Child Support Agency Re: **** ******* £1,175.00
" " " " ******* ***** £1,100. 00
-
Thanks G H M .
-
Looking at the figures do you get the impression some of the players were more productive off the than on it.?
-
G H M.What was the actual total figure figure of debt on the creditors list.I am sure it wasn' t 3 million quid.It was reported to be over 1 million not 3 million.
It was £3m.
Lavaflow £1,400,000.00
H M Revenue & Customs (PAYE) £847,331.47
The Gliderdrome £267,173.27
H M Revenue & Customs (VAT) £214,328.83
Glasgow Rangers FC plc £38,805.55
Hemmingway Head Office £38,335.89
Ian Lee £16,000.00
J S Management Consultancy £15,956.00
Professional footballers Association £14,000.00
Swallow Hotels & Inns £13,578.31
Portsmouth FC £13,558.50
Gordon Smith Sports £12,584.25
Lincolnshire Police Authority £11,653.79
Bespoke People Solutions Ltd £11,216.37
Printability 2000 Ltd £9,376.28
Ipswich Town FC £7,005.68
Middlesbrough football Club £6,058.97
Strata Sports Marketing Ltd £5,875.00
Chester City football Club £5,712.85
SHO Limited £3,903.12
Birmingham City football Company plc £3,765.19
Couchman Harrington Associates £2,907.73
Mobilis Sports £2,886.54
British Red Cross £2,581.53
Health Partners Europe Ltd £2,496.09
Peterborough United FC £2,291.07
Brian James £2,225.00
Makespace Mezzanine Floors £1,949.80
Pro Star Management £1,845.00
Wotton of Tiverton Ltd £1,800.00
Chatteris Caterers £1,776.00
CSA - Brad Maylett £1,775.43
Metro Sport £1,753.40
Impact (Boston) Ltd £1,497.13
Peter Cole Consultants £1,407.36
Sage (UK) Limited £1,387.89
Chestnut Homes £1,297.50
Telecom Midlands Ltd £1,111.85
Boston Anorak Company Ltd £1,110.38
CSA - Francis Green £1,100.38
Frieston Playing Fields Association £1,068.00
County Gourmet £965.38
The Groin & Hernia Clinic £915.00
Billinghams £895.55
Mr A J Banks £895.00
Bradford City football Club £862.65
BBC Publishing £816.63
Heritage Leisure Designs Ltd £762.21
PHS Group plc £616.70
Vandanel Sports Ltd £559.12
Premier Sports Medical £545.39
Craven & Nicholas (Engineering) Ltd £520.51
Tate Security Technology Ltd £505.00
Physique Management Company Ltd £454.24
Turnstile Systems £452.21
Ace Events Ltd £433.00
Fineturf £331.51
Mrs Margaret McGarry £330.00
Boston Commercial Cleaners Ltd £314.31
Sports Kit Pro Soccer £313.13
Agrilinc £310.14
Forceshift (Contracting) Ltd £294.00
Stamp Storage £280.03
Floodlight Lux Services £275.00
Healthguard Ltd £227.72
Red Lion Enterprises £170.00
Anthony Swindells £125.00
PRS Music Licence £101.40
Bramley House £100.00
Graham Trigg Plumbing & Heating Eng £88.46
Time to Frame £75.00
Watering Well Water Coolers Ltd £63.62
Miko Coffe Ltd £61.50
I T Com Solutions (UK) Ltd £45.00
HSS Hire £41.60
Kings Office Equipment £41.47
O2 (UK) Limited £30.00
Programme Master Ltd £20.00
Woodco Office Equipment Co £17.80
Total £3,006,342.68
-
I bet I'm not the only one wondering why nearly £39,000 was owed to Rangers. My memory's not what it was. Did one of our superstars come from there?!
-
2 loan players.
-
Danny N'Gessain and Bob Davidson came on loan from Rangers.
-
Does anybody know how much in the pound these creditors received
-
Does that money now not have to be paid to them now they've gone bust?
-
As have Portsmouth and Chester.
-
£862.65 owed to Bradford City seems a bit strange.
I don't remember us ever signing any players - either permanently or on loan from Bradford City. A quick check of Ken's roll call (link below) seems to confirm this. We haven't signed any players directly from Bradford City since Fred Gibson, G Wilson and Ernie Wright in 1939.
http://www.bufc.drfox.org.uk/rollcall.html
I don't ever remember us playing a match against Bradford City. So why did we owe them money?
-
£862.65 owed to Bradford City seems a bit strange.
I don't remember us ever signing any players - either permanently or on loan from Bradford City. A quick check of Ken's roll call (link below) seems to confirm this. We haven't signed any players directly from Bradford City since Fred Gibson, G Wilson and Ernie Wright in 1939.
http://www.bufc.drfox.org.uk/rollcall.html
I don't ever remember us playing a match against Bradford City. So why did we owe them money?
Didn't we play them one year in a pre season match?
-
"We've been here five years and for most of that time, the country has been in recession and it's not getting any better, in fact it's getting worse. Nobody can see an end to it at the moment.
Cheer up David, some house builders have reported an increase in business, Barratts up 14%, Persimmons too...maybe there is light at the end of the tunnel ???
-
Looking at the figures do you get the impression some of the players were more productive off the than on it.?
Are you talking about the money owed to the groin and hernia clinic?
-
DN is correct we had Danny stay 3months and Davidson got p*ssed off and left after 3/4
weeks .
Not remembering his exact words but I recall Mcfraud boasting on BBC Lincs along the
lines ,
"Due to my great relationship with the people at Rangers I have managed to secure these boys on loan cheaply " does that sound about right ?
So between them these two players were on the payroll approx 20 weeks . Simple maths tell us that these players were considered by Evans " cheap" at £2k a week each
With Steves bargain signings and Jon Sotnics great vision for the future it would be no problem building up a £3million debt.
-
Did our debt to Rangers FC put them into the first steps of financial meltdown :-)
-
£862.65 owed to Bradford City seems a bit strange.
I don't remember us ever signing any players - either permanently or on loan from Bradford City. A quick check of Ken's roll call (link below) seems to confirm this. We haven't signed any players directly from Bradford City since Fred Gibson, G Wilson and Ernie Wright in 1939.
http://www.bufc.drfox.org.uk/rollcall.html
I don't ever remember us playing a match against Bradford City. So why did we owe them money?
We mullered them that last League pre-season. Lewis Brooks even scored in the last minute. Sounds like travel costs to me.
-
Lavaflow £1.4m?
Wonder what they did that was worth that
much :o
-
The £1.4 million was the money that Lavaflow "invested" (or as some might say paid to themselves).
Most of it was money they got from naive and unsuspecting investors (including G's mother-in-law) and not their own money - remember Mcfraud saying he remortaged his house when it was rented.
These investors were persuaded that the ground relocation was going to make them a lot of money or at least that it was what mr S charmed them into thinking. And they used a bent "accountant" with access to high net worth individuals to target potential investors.
My own view for what it is worth is that the ground relocation was a complete scam (they would still have gone ahead and made money from the Tattershall road site but they were not going to invest £6 million on a new stadium). It was never a serious undertaking but deflected everyone from the fact that you can make a lot of money in football if you do not pay your creditors. :)
-
Why not use the club's money to pay yourselves a nice whack?:
Hemmingway Head Office £38,335.89
J S Management Consultancy £15,956.00
Bespoke People Solutions Ltd £11,216.37 (actually liquidated by Gerald Krasner)
Any guesses as to who is behind these outfits?
-
Do you know SP that when you contribute interesting info like that it's worth reading but I don't understand it when you deliberately wind people up. Even more baffling is when people respond to your wind ups. There is an old saying "Todays news is tomorrows fish and chip paper". If they didn't take the bait your posts would become pointless (the wind up ones I mean). Anyway I, like you, get a little entertainment out of the responses you get.
Enjoy your fishing.
-
I am pleased that we can count on your fine self to arbitrate on such matters SB!
(It's my playful nature you see!)
Clear skies........ ;)
-
Why not use the club's money to pay yourselves a nice whack?:
Hemmingway Head Office £38,335.89
J S Management Consultancy £15,956.00
Bespoke People Solutions Ltd £11,216.37 (actually liquidated by Gerald Krasner)
Any guesses as to who is behind these outfits?
So Sot-thic shafted himself as, presumably, none of the above will ever get anything, or are they likely to be made up figures anyway ???
-
"We've been here five years and for most of that time, the country has been in recession and it's not getting any better, in fact it's getting worse. Nobody can see an end to it at the moment.
Recessions don't turn into depressions overnight, and as for an end to it, if we are in the early throws of a kondratieff winter, like I predicted in 2008, they are 25 year seasons.
While I don't doubt anybody's good intentions, I can see the town of Boston having a team without a stadium to play in and a empty stadium that nobody can do anything with.
ONS today report UK GDP down 0.7% with construction down 5.2% & forecast to fall 6% over the next 18 months. I'm no doom and gloomer just a realist, we should be looking at new ideas for new businesses in a new world.
Why not finance a new stadium by running a community bank. Borrow from the community at 5% (this enables savers to get 5% interest instead of 0.01% on savings) & lend to the local businesses needing finance at 15%. The bit in the middle is used to cover bad debts,running costs and the profit we would need to run/finance a community football club in a new stadium. A bit like this : http://www.burnleysavingsandloans.co.uk/
This is just one idea in a changing world. I'm not saying its the answer to our new stadium but it is the thinking we need to move forward
-
The bank of Qwerty ;) I like it ;D
-
G H M.What was the actual total figure figure of debt on the creditors list.I am sure it wasn' t 3 million quid.It was reported to be over 1 million not 3 million.
Chestnut Homes £1,297.50
When you owe your sponsors money you know something's gone wrong. Wonder how they voted at the creditors meeting? :)
I thought the CVA was originally something like 49 or 51p in the £. But wasn't that renegotiated by the Chesnuts?
They did not attend.