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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.
Bought and paid for. We hope.Hoover Attack wrote: ↑Wed Apr 24, 2024 9:11 am I hope he enjoyed the warm round of applause he received from the fans on Saturday during his lap of honour.
Probably. Most people at Orient* are oblivious.
Per info above, they're all minority shareholders.OyinbO wrote: ↑Wed Apr 24, 2024 12:57 pmProbably. 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.
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 wrote: ↑Wed Apr 24, 2024 1:10 pmPer 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.
What happens when he has to find 20% of next years operating loss???Lifelongfan wrote: ↑Wed Apr 24, 2024 1:12 pm 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.Lifelongfan wrote: ↑Wed Apr 24, 2024 1:12 pm No risk to Orient. Stop stirring. He put his cash in & got shares. Club has his dosh
The next round of funding deals with that. If he does not put in any money to that his holding in Orient shrinks.Hoover Attack wrote: ↑Wed Apr 24, 2024 1:28 pmWhat happens when he has to find 20% of next years operating loss???Lifelongfan wrote: ↑Wed Apr 24, 2024 1:12 pm No risk to Orient. Stop stirring. He put his cash in & got shares. Club has his dosh
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 guaranteeBiggsyMalone wrote: ↑Wed Apr 24, 2024 1:41 pmNo risk at all until he uses his Orient shares as collateral to buy other clubs.Lifelongfan wrote: ↑Wed Apr 24, 2024 1:12 pm No risk to Orient. Stop stirring. He put his cash in & got shares. Club has his dosh
What happens if further funding isn't found and the existing shareholders have to fund the losses?LittleMate wrote: ↑Wed Apr 24, 2024 1:54 pmThe next round of funding deals with that. If he does not put in any money to that his holding in Orient shrinks.Hoover Attack wrote: ↑Wed Apr 24, 2024 1:28 pmWhat happens when he has to find 20% of next years operating loss???Lifelongfan wrote: ↑Wed Apr 24, 2024 1:12 pm No risk to Orient. Stop stirring. He put his cash in & got shares. Club has his dosh
They fund the losses againHoover Attack wrote: ↑Wed Apr 24, 2024 2:13 pmWhat happens if further funding isn't found and the existing shareholders have to fund the losses?LittleMate wrote: ↑Wed Apr 24, 2024 1:54 pmThe next round of funding deals with that. If he does not put in any money to that his holding in Orient shrinks.Hoover Attack wrote: ↑Wed Apr 24, 2024 1:28 pm
What happens when he has to find 20% of next years operating loss???
At what point can the losses no longer be funded? Are we close yet?Rubex Kube wrote: ↑Wed Apr 24, 2024 2:49 pmThey fund the losses againHoover Attack wrote: ↑Wed Apr 24, 2024 2:13 pmWhat happens if further funding isn't found and the existing shareholders have to fund the losses?LittleMate wrote: ↑Wed Apr 24, 2024 1:54 pm
The next round of funding deals with that. If he does not put in any money to that his holding in Orient shrinks.
It is astounding isn't it? One look at where Vitesse are right now should really focus people's minds.Rich Tea Wellin wrote: ↑Wed Apr 24, 2024 5:02 pm Still amazes me that we literally almost went bust 7 years ago and people are still not wary of dodgy investors.
Rubex Kube wrote: ↑Wed Apr 24, 2024 2:49 pmHoover Attack wrote: ↑Wed Apr 24, 2024 2:13 pmWhat happens if further funding isn't found and the existing shareholders have to fund the losses?LittleMate wrote: ↑Wed Apr 24, 2024 1:54 pm
The next round of funding deals with that. If he does not put in any money to that his holding in Orient shrinks.
But what if they haven’t got the funds, as seems to be the case???
They fund the losses again
But what if they haven’t got the funds, as seems to be the case???Rubex Kube wrote: ↑Wed Apr 24, 2024 2:49 pmHoover Attack wrote: ↑Wed Apr 24, 2024 2:13 pmWhat happens if further funding isn't found and the existing shareholders have to fund the losses?LittleMate wrote: ↑Wed Apr 24, 2024 1:54 pm
The next round of funding deals with that. If he does not put in any money to that his holding in Orient shrinks.
They fund the losses again
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?Lifelongfan wrote: ↑Wed Apr 24, 2024 2:02 pmWell 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 guaranteeBiggsyMalone wrote: ↑Wed Apr 24, 2024 1:41 pmNo risk at all until he uses his Orient shares as collateral to buy other clubs.Lifelongfan wrote: ↑Wed Apr 24, 2024 1:12 pm No risk to Orient. Stop stirring. He put his cash in & got shares. Club has his dosh
I'm not a shareholder, I don't know what money they haveMax B Gold wrote: ↑Wed Apr 24, 2024 4:28 pmAt what point can the losses no longer be funded? Are we close yet?Rubex Kube wrote: ↑Wed Apr 24, 2024 2:49 pmThey fund the losses againHoover Attack wrote: ↑Wed Apr 24, 2024 2:13 pm
What happens if further funding isn't found and the existing shareholders have to fund the losses?
What if they have? Unless you are bank manager of those Individuals how would you knowHoover Attack wrote: ↑Wed Apr 24, 2024 5:55 pmBut what if they haven’t got the funds, as seems to be the case???Rubex Kube wrote: ↑Wed Apr 24, 2024 2:49 pmHoover Attack wrote: ↑Wed Apr 24, 2024 2:13 pm
What happens if further funding isn't found and the existing shareholders have to fund the losses?
They fund the losses again
You have been reading this thread, right?Rubex Kube wrote: ↑Wed Apr 24, 2024 9:36 pmWhat if they have? Unless you are bank manager of those Individuals how would you knowHoover Attack wrote: ↑Wed Apr 24, 2024 5:55 pmBut what if they haven’t got the funds, as seems to be the case???