[Official Site] CLUB STATEMENT

Discussion in 'Bulletin Board' started by Newsbot, Aug 18, 2020.

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  1. pompey_red

    pompey_red Well-Known Member

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    Not quite.

    Conway and Lee bought club plus option to buy 50% of ground from Cryne. They tried to exercise that option but crynes had already promised it to someone else. So it seems Conway and Lee have stopped paying Cryne who’s now suing them.

    Council owns other 50% of ground.
     
    pompey_red, Aug 18, 2020
    #81
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  2. Spi

    SpionPlop Active Member

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    Read the statement and too me it seems the club have tried to renegotiate the terms of the purchase for the ground .

    Which I think someone mentioned online some time ago, might have been Alexander Jarvis. To me the statement is poorly worded and very inflammatory.
     
    SpionPlop, Aug 18, 2020
    #82
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  3. nezbfc

    nezbfc Well-Known Member

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    It's ok now. Penny has dropped.

    I think lol
     
    nezbfc, Aug 18, 2020
    #83
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  4. Nardiello

    Nardiello Well-Known Member

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    Hey Gally, any chance you could elaborate on this a little?

    Who do you mean by the other party? The council had first rights to buy the consortium's share?
     
    Nardiello, Aug 18, 2020
    #84
  5. pompey_red

    pompey_red Well-Known Member

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    why would you ever develop something you don’t own?

    maybe Lee and Conway want to build new stands with facilities? Maybe they don’t want to build houses as the usual idiotic conspiracy theorists spout.
     
    pompey_red, Aug 18, 2020
    #85
  6. Skinner

    Skinner Well-Known Member

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    Is this the " Major announcement " we were lead to believe was coming from the club........
     
    Skinner, Aug 18, 2020
    #86
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  7. Nardiello

    Nardiello Well-Known Member

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    What I want to know is who had first dibs, if not the club's owners?

    Surely the council haven't bought it, with their budget struggles? So who...
     
    Nardiello, Aug 18, 2020
    #87
  8. Dys

    Dyson Well-Known Member

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    I can't imagine that happens considering the families long standing support of the club & its reputation.
     
    Dyson, Aug 18, 2020
    #88
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  9. pompey_red

    pompey_red Well-Known Member

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    Id agree. But it’s not implausible if the guys who owe you money are sat in your house refusing to pay.
     
    pompey_red, Aug 18, 2020
    #89
  10. Dragon Tyke

    Dragon Tyke Well-Known Member

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    totally agreed DWLC.
     
    Dragon Tyke, Aug 18, 2020
    #90
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  11. joh

    john coucom Well-Known Member

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    All depending on the council giving planning permission
     
    john coucom, Aug 18, 2020
    #91
  12. pompey_red

    pompey_red Well-Known Member

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    id pretty much assume it’s the council. They haven’t bought it, it’s just been pointed out to Lee and Conway they aren’t allowed to it appears.
     
    pompey_red, Aug 18, 2020
    #92
  13. Mid

    Mido Well-Known Member

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    I understood it as they will defend against the claim from the Cryne’s but prosecute in terms of buying the ground.
     
    Mido, Aug 18, 2020
    #93
  14. Dys

    Dyson Well-Known Member

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    What if you're just a custodian of the house?
     
    Dyson, Aug 18, 2020
    #94
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  15. TitusMagee

    TitusMagee Well-Known Member

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    That's the equivalent of renting a house and doing it up on behalf of the landlord whilst you live in it. Why on earth would they want to do that at present when they don't own any of it?
     
    TitusMagee, Aug 18, 2020
    #95
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  16. nezbfc

    nezbfc Well-Known Member

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    It could be the other way around.

    Either council want 100 or crynes want 100 percent.

    Being those are the current owners 50% each.
     
    nezbfc, Aug 18, 2020
    #96
  17. JamDrop

    JamDrop Well-Known Member

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    Leases tend to be 99 years so that wouldn't put anyone off doing it up. As they begin to run down they often come with an option of extending it back up again for a (normally hefty) price.
     
    JamDrop, Aug 18, 2020
    #97
  18. pompey_red

    pompey_red Well-Known Member

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    it’s not. it’s in the statement
     
    pompey_red, Aug 18, 2020
    #98
  19. Nardiello

    Nardiello Well-Known Member

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    Interesting, so maybe Chien and co have tried to buy the ground but have been told that they can't because the Council (or someone else) has first dibs.

    Then the Crynes haven't played ball - maybe to protect the club, given that the ownership looked pretty shambolic earlier in the year?
     
    Nardiello, Aug 18, 2020
    #99
  20. Jor

    Jordym93 Well-Known Member

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    Easy solution let them buy the west stand. Majority of the share belongs to the crynes and the invisible man. Conway will ask the houses beside the west to be given up and hell offer Woodrow as part of the deal. Everyone's a winner.

    Sorry my heads hurt
     
    Jordym93, Aug 18, 2020
    #100
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