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Post by Al on Dec 22, 2017 10:40:16 GMT
Are up for sale and in the shit according to reports.
Estimated to be over £1.5m in debt, hearing that players not being paid also.
Could be a lifeline for us...
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Post by Hannibal on Dec 22, 2017 11:18:30 GMT
They can always sell Luke George, lol.
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Post by sqzl on Dec 22, 2017 11:20:10 GMT
They look in real trouble. I'd not want another clubs demise to be the reason we remain at this level again. We should be able to earn it of our own merit. That said it's a stark reminder for those desperate to splash the cash in attempt to stay up.
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Post by Lobster on Dec 22, 2017 11:49:58 GMT
For a long time, it used to be quite common for the team that finished third or fourth bottom of this division not to be relegated because of another team going bust or being kicked out. I think it happened to Altrincham three years in a row, and Forest Green once or twice before Dale Vince bought them. It seems to have settled down a bit in recent years, in fact I don't think it's happened since us and Dartford in 2014.
Not the best way to stay up and you'd feel for Hartlepool, but at the same time there are far too many clubs being financially irresponsible and if Hartlepool need to run up a seven-figure debt just to sit in mid-table, something is not right.
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Post by Al on Dec 22, 2017 11:56:43 GMT
^ Not the most informed of comments there Lobster.
The bulk of that debt was ran up by a very dodgy previous owner. The current owner/SAGE Investment Group seemingly do not have the money to service the debt and keep the club afloat, hence they have put the club up for sale.
The debt situation might be worse, their current owner Pam Duxberry has yet to release their accounts.
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Post by sqzl on Dec 22, 2017 12:10:32 GMT
^ Not the most informed of comments there Lobster. The bulk of that debt was ran up by a very dodgy previous owner. The current owner/SAGE Investment Group seemingly do not have the money to service the debt and keep the club afloat, hence they have put the club up for sale.The debt situation might be worse, their current owner Pam Duxberry has yet to release their accounts. In which case a terrible business acquisition from them. Knowing of a debt it one thing, but not being physically able to front the costs of it is another. Perhaps they have lost interest given their fall into the National League, as opposed to can't front the cost.
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Post by Hannibal on Dec 22, 2017 12:40:00 GMT
Not their first error of judgement. Harrison is widely derided by pools fans and Luke George wasn't the brightest idea either. The debt is £1.8m according to one of their fans on OneFootballForum.
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Post by Lobster on Dec 22, 2017 12:55:05 GMT
Harrison was a bit of a strange appointment for them. Doesn't really know the division or the area. Signing Luke George certainly suggested he was a little out of touch with things.
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Post by ubb1689 on Dec 22, 2017 13:39:08 GMT
They can always sell Luke George, lol. . 🙂🙂
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Post by billyw on Dec 22, 2017 16:19:08 GMT
They can always sell Luke George, lol. As he has started only 3 games and is currently injured, I can't see him being their saviour.
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Post by Lobster on Dec 22, 2017 17:17:59 GMT
They can always sell Luke George, lol. As he has started only 3 games and is currently injured, I can't see him being their saviour. I hear the Pope is Catholic as well.
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