More Aspects of the Lapping Deal not Adding Up

[Piglet_Phoenix]

Griff, I don't frequent the other board and I have no desire to.

I'm not interested in conversation via proxy either.

If Lapping has a desire to communicate, he can come on this forum - where I've always posted - and express his views here. We know he visits and reads due to "Prickgate".

I think he's scared to come on here and engage to be honest.

[griff]

No problem Piglet; I just thought you should know.

[THE_NORTHERNSOUL]

I think youre wasting your breath over there Griff

Lapping only answers the questions that he wants to answer and ignores the ones that he doesnt or that might be a little difficult for him.

Like where will the near million pounds come from next season to replace the 300k loss and the 600k that Jenkins has put in for the last 3 years

But clearly most of the suckers on there have fallen for his crap just like they did with Story and his stooges.

I.m told he clearly has the wherewithal and contacts to buy the whole lot many times over so why is he pissing about with 25k investments.

So Come on Andrew show us the colour of your money get it bought and then sell it on to the fans and make your profit that way instead of creating a little clique that.ll be impossible to shift but who have no clout to sort it out when it all goes wrong as it will if your plan doesnt start by investing in the one way to make it work and thats by bunging half a million into the team.

Do you not unders

[Piglet_Phoenix]

I don't think Lapping's intent is to "run off to the Bahamas with the gold", don't be so absurd.

I also don't think his intentions are illegal or improper from a business perspective - none of his previous business record suggests this. Making a return for your investment is just business, nothing more nothing less.

The only way he, or any of the other new investors, can realistically expect to make a return on their coin - without spending anything on the football - is to cash in on the Brunton Park site. Anything else is pie in the sky stuff frankly.

He doesn't have the capital to buy the club outright, so as a very astute businessman (with a track record in developing property) he's getting involved to do exactly what he does. I think it's fairly obvious it's all about realising the club's major asset, the identity of the major investment partner more or less confirms it. He's hardly likely to admit this at this stage, of course he's going to be all smiles and PR - it's all very

[Piglet_Phoenix]

Moorlad, I know I said I wasn't interested in conversing via proxy but one or two points.

"The equity in the club was worth nothing in my opinion with the FS and AJ loans intact"

It was NEVER necessary for Jenkins to loan the club money - it was down to his own mis-management. How does it follow that because you run up a huge unjustified debt to yourself you get rewarded with a protected majority shareholding? The equity was worth nothing due to Jenkins, yet Jenkins ends up profiting out of it.

The trust has never been a barrier to a takeover - an actual takeover. It was a barrier to a scheme to develop the Brunton Park site - but no longer.

"We are investing our money without duress"

What does investing your money under duress involve?

"Saving my club"

My club? Jumping the gun there a bit isn't he? It's not "my club", it's "our club".

[moorlad]

Quite agree Piglet, strangely I just mentioned a similar thing about the Jenkins "loan" on the other board without having read that. I'll wait and see what sort of response that gets.

I do think there are changes starting to happen, I like the idea of him engaging with the fans, and I think I'm prepared to see how it all goes for a bit. I do have concerns, but I think what will be in place come 1 July will be far better than what we have now. If I feel it isn't then of course I'll shout.

[Piglet_Phoenix]

I wish I could say the same. For me the changes are entirely superficial and do as much damage as good.

My main bones of contention in the very short term.

- Lack of commitment to protecting / increasing the playing budget.

- Both the Managing Director & Marketing Manager roles are unnecessary in the short term. I think one general manager role would do - two roles take valuable resource away from the football side.

- Investment priority should be immediate improvement to the football side of the club. It's pointless having a healthy bank balance and handsomely paid MD & Marketing Manager if your playing budget is slashed and you have a bag of cr@p on the pitch. The focus in the short term should be on the product. Lapping's scheme is back to front.

- Nothing is changing on an ideological level. Jenkins and Nixon are still calling the shots, the new MD will basically be doing their bidding. Pattison has been sacrificed to give the illusion of change, Lapping is the new mouthpiece

[THE_NORTHERNSOUL]

""I also don't think his intentions are illegal or improper from a business perspective - none of his previous business record suggests this. Making a return for your investment is just business, nothing more nothing less.""

I think you need new glasses Timothy as i never said anything of that sort.

You seem to think AL is in it to make some sort of fortune from a property deal on BP and thats what i was talking about.

I dont believe anything of the sort all i want to know and he wont answer is why a man who is involved in deals running into hundreds of Millions every year and i.m told could of raised 3milion in a matter of hours is pissing around with these 25k investment deals.

And where the money is coming from to cover the following

New MD and CD wages, expenses and package £250k
Estimated Loss on this season £300k
The 600k that AJ would have had to put in £600k

So thats well over a million pounds that Lapping isnt willing to talk about where its c

[moorlad]

[quote="Piglet_Phoenix"]I wish I could say the same. For me the changes are entirely superficial and do as much damage as good.

My main bones of contention in the very short term.

- Lack of commitment to protecting / increasing the playing budget.

- Both the Managing Director & Marketing Manager roles are unnecessary in the short term. I think one general manager role would do - two roles take valuable resource away from the football side.

- Investment priority should be immediate improvement to the football side of the club. It's pointless having a healthy bank balance and handsomely paid MD & Marketing Manager if your playing budget is slashed and you have a bag of cr@p on the pitch. The focus in the short term should be on the product. Lapping's scheme is back to front.

- Nothing is changing on an ideological level. Jenkins and Nixon are still calling the shots, the new MD will basically be doing their bidding. Pattison has been sacrificed to give th

[Piglet_Phoenix]

The problem with the Marketing Manager being cost free is that you won't know how successful they will be until after a year.

If you've got a team struggling on the pitch it makes the job all the more difficult. The best marketing you can have is for the team to be playing half decent football, be winning football matches and to give people perceived value for money.

Jenkins statement today proves who is still wearing the trousers at the club. It's a "keep in line bitch, remember who's boss" reprimand to Lapping. With his combined shareholding in Knighton Holdings (along with Nixon) he'll still be calling the shots in the boardroom. Lapping is the monkey dancing to the Organ Grinder's tune.

To have this sort of dissent so early in the relationship shows immediate flaws in the proposed governance structure.