Coley Parry, LO director, & Vitesse

[OyinbO]

And now Parry’s Belgian Club have been refused a licence

[Proposition Joe]

And now Parry’s Belgian Club have been refused a licence

I thought you meant they'd been denied a licence for next season, didn't realise they've actually gone through almost the whole of 23/24 without appearing to actually have one (as this article implies). Bonkers.

https://getfootballnewsbene.com/more-wo ... ng-issues/

[Hoover Attack]

I hope he enjoyed the warm round of applause he received from the fans on Saturday during his lap of honour.

[OyinbO]

I hope he enjoyed the warm round of applause he received from the fans on Saturday during his lap of honour.

Bought and paid for. We hope.

[Max B Gold]

And now Parry’s Belgian Club have been refused a licence

Am I the only one beginning to panic.

[OyinbO]

And now Parry’s Belgian Club have been refused a licence

Am I the only one beginning to panic.

Probably. Most people at Orient* are oblivious.

If it helps any, while he poses an existential risk to Vitesse and possibly to Patro, that's not the case at Orient where he remains a minority shareholder.

EDIT: *by this I mean the supporters - I would expect most of the board to be aware by now.

[Hoover Attack]

And now Parry’s Belgian Club have been refused a licence

Am I the only one beginning to panic.

Probably. Most people at Orient are oblivious.

If it helps any, while he poses an existential risk to Vitesse and possibly to Patro, that's not the case at Orient where he remains a minority shareholder.

Per info above, they're all minority shareholders.

He still has a significant holding.

I'm genuinely surprised the club paraded him around the pitch at the weekend as if nothing is happening elsewhere.

[Lifelongfan]

No risk to Orient. Stop stirring. He put his cash in & got shares. Club has his dosh

[OyinbO]

Am I the only one beginning to panic.

Probably. Most people at Orient are oblivious.

If it helps any, while he poses an existential risk to Vitesse and possibly to Patro, that's not the case at Orient where he remains a minority shareholder.

Per info above, they're all minority shareholders.

He still has a significant holding.

I'm genuinely surprised the club paraded him around the pitch at the weekend as if nothing is happening elsewhere.

Yeah, me too, although God knows what version of events he's giving them. And if the cheque he signed at the beginning of the season didn't bounce, they could hardly tell him to stay away. Has the potential to be embarrassing though, so you'd expect they're already prepping their lines.

[Hoover Attack]

No risk to Orient. Stop stirring. He put his cash in & got shares. Club has his dosh

What happens when he has to find 20% of next years operating loss???

[BiggsyMalone]

No risk to Orient. Stop stirring. He put his cash in & got shares. Club has his dosh

No risk at all until he uses his Orient shares as collateral to buy other clubs.

[LittleMate]

No risk to Orient. Stop stirring. He put his cash in & got shares. Club has his dosh

What happens when he has to find 20% of next years operating loss???

The next round of funding deals with that. If he does not put in any money to that his holding in Orient shrinks.

[Lifelongfan]

No risk to Orient. Stop stirring. He put his cash in & got shares. Club has his dosh

No risk at all until he uses his Orient shares as collateral to buy other clubs.

Well they are paid for so what is the issue. I doubt if anyone would accept Orient shares as collateral. Anyone sensible would ask for a bank guarantee

[Hoover Attack]

No risk to Orient. Stop stirring. He put his cash in & got shares. Club has his dosh

What happens when he has to find 20% of next years operating loss???

The next round of funding deals with that. If he does not put in any money to that his holding in Orient shrinks.

What happens if further funding isn't found and the existing shareholders have to fund the losses?

[Rubex Kube]

What happens when he has to find 20% of next years operating loss???

The next round of funding deals with that. If he does not put in any money to that his holding in Orient shrinks.

What happens if further funding isn't found and the existing shareholders have to fund the losses?

They fund the losses again

[Max B Gold]

The next round of funding deals with that. If he does not put in any money to that his holding in Orient shrinks.

What happens if further funding isn't found and the existing shareholders have to fund the losses?

They fund the losses again

At what point can the losses no longer be funded? Are we close yet?

[Rich Tea Wellin]

Still amazes me that we literally almost went bust 7 years ago and people are still not wary of dodgy investors.

[OyinbO]

Still amazes me that we literally almost went bust 7 years ago and people are still not wary of dodgy investors.

It is astounding isn't it? One look at where Vitesse are right now should really focus people's minds.

That said, I think some of "shut up and stop causing trouble" mentality is actually coming from that same fragility. Like, any discussion of these issues is just too frightening to even contemplate.

[Hoover Attack]

The next round of funding deals with that. If he does not put in any money to that his holding in Orient shrinks.

What happens if further funding isn't found and the existing shareholders have to fund the losses?

But what if they haven’t got the funds, as seems to be the case???

They fund the losses again

[Hoover Attack]

The next round of funding deals with that. If he does not put in any money to that his holding in Orient shrinks.

What happens if further funding isn't found and the existing shareholders have to fund the losses?

They fund the losses again

But what if they haven’t got the funds, as seems to be the case???

[BiggsyMalone]

No risk to Orient. Stop stirring. He put his cash in & got shares. Club has his dosh

No risk at all until he uses his Orient shares as collateral to buy other clubs.

Well they are paid for so what is the issue. I doubt if anyone would accept Orient shares as collateral. Anyone sensible would ask for a bank guarantee

Which he obviously doesn’t have, hence what’s going on at other clubs. Is he free to sell his stake at Orient to whoever he wants? A quick google shows shares can be used to secure a loan. Still no risk to you?

It is absolutely insane how many Orient fans are turning a blind eye to all this. Nigel needs to to release a statement explaining why Orient aren’t at risk.

[Rubex Kube]

What happens if further funding isn't found and the existing shareholders have to fund the losses?

They fund the losses again

At what point can the losses no longer be funded? Are we close yet?

I'm not a shareholder, I don't know what money they have

[Rubex Kube]

What happens if further funding isn't found and the existing shareholders have to fund the losses?

They fund the losses again

But what if they haven’t got the funds, as seems to be the case???

What if they have? Unless you are bank manager of those Individuals how would you know

[Proposition Joe]

If you were a regulatory body asking for proof of funds and...didn't receive any, you could probably make an educated guess.

[Hoover Attack]

They fund the losses again

But what if they haven’t got the funds, as seems to be the case???

What if they have? Unless you are bank manager of those Individuals how would you know

You have been reading this thread, right?