Jump to content

fears for the future...Notts

Featured Replies

https://www.bbc.co.uk/sport/amp/football/47359872?fbclid=IwAR10yWN-j5yJ9QVj-pBsE5CHeLcwxm4IkVuu-oR5C4H-5giFT3CwzG8Wy3c

The bbc posted this aswell.

On it Alan Hardy said Notts County won't be affected if his interior design company went into administration and assured fans.

It's just scare mongering, someone will come forward and I believe this is more to do with Alan Hardy's separationΒ from his wife. His company seemed to financially find before that, but even if it does start to spill towards Notts - it will just mean someone else will get their hands on the club for cheaper than expected.

Like when Hardy purchased off the Trews, that silly figure was branded around the media, but I was told it was nowhereΒ that level due to the debt.

Funny how more was found, at least the next owner won'tΒ have this issue.

A 300k loss for a company with a turnover of over 60 million pounds is not much at all. AH has confirmed that they're in difficulties though :(

If it's true that Alan Hardy has been loaning the club money through Paragon, in theory Paragon's administrator will come knocking for that money. The statement didn't reassure me much - I took it as meaning that it won't affect Notts as the club will be sold by then. But what if it isn't?

Older fans like me will be quite immune to this news and if needs be, I am sure football fans would help to secure the clubs future as it did last time. If only Notts could become supporter owned like Portsmouth but clear of the trust.

  • Author
On 25/02/2019 at 20:46, DangerousSausage said:

A 300k loss for a company with a turnover of over 60 million pounds is not much at all. AH has confirmed that they're in difficulties though :(

If it's true that Alan Hardy has been loaning the club money through Paragon, in theory Paragon's administrator will come knocking for that money. The statement didn't reassure me much - I took it as meaning that it won't affect Notts as the club will be sold by then. But what if it isn't?

@DangerousSausageΒ rightly identifies the real risk....If Paragon appoints an administrator, Notts will be in deep trouble...and administration could be the only answer,,, Unless a buyer can be found PDQ,Β  actual survival of our club is at stake

When Trew knew he was in financial trouble at that court case in December 2016, he binned off Notts to Hardy. Hardy needs to do the same to that overseas consortium or whoever is prepared to make aΒ bid for Notts. If we do go into admin, then relegation is a certaintyΒ 

When the trews were involved they stopped paying bills where as alan hasnt been taken to court over notts finances so hes at the least sticking to those. We usually manage to get a buyer in the end aslong as he doesnt advertise how much money notts has cost him.

1 hour ago, Fozzy said:

Reported by Sky that Paragon are now in admin. I think we all know what that means, even if AH says differently.

I was going to say that. He hasn't been able to pay his other companies wages this month so i hope Notts arn't next. We need to find a new owner very soon.

Flip of a coin now. Either it will trigger a bid from someone with the hope of keeping us in the league, or they will wait to buy us out ofΒ admin.

22 minutes ago, Piethagoram said:

Why risk buying at a perceived higher price.... relegation threat meaning they are likely to hang on and buy at the lowest point..though difficult to get out of Vanarama

The price would be more suitable if sold with the debt, assuming Alan Hardy sold for that alone and not to recoup the money he put in.

East Midlands News suggested that Paragon are happy to wait for the takeover to be concluded.

And now the HMRC have come a calling, but Notts are saying that it will be dealt with. It's all going rather pear shaped.

Archived

This topic is now archived and is closed to further replies.

Recently Browsing 0

  • No registered users viewing this page.

Important Information

Pride of Nottingham uses cookies to ensure you get the best experience on our website. To approve, simply continue using the site or click 'I accept' Terms of Use.