Has coward conway had the balls to speak yet?

Or is he still throwing every barnsley FC employee to the wolves? Whitey, Beth and all the rest who will take the crap while he hides?

 

Last seen lapping up the promotion season...

 

And Connor Hourihane's signing

 

His view will be that he's no need to say anything. The man appears to be a law unto
himself.

 

Moved his office from Oakwell to grove street.... or something

 

Speak about what?

 

you knows it mate

Better recruitment, better sales!

 

Why comment on something that appeared in a newspaper though. Could be complete tosh.

Chap who wrote it is probably a Wigan fan who wants to stir crap up..

 

without a doubt mate, Get me a prawn sandwich! I’m willing to bet a sizable chunk that Brentford would have sold Jacob Brown for more than we did*

*Obviously with the caveat we don’t know exactly how much we sold for.

 

Must be tbh..

They would lose their entire investment with zero fan base if they moved the club out of the town.

It would simply end up arise AFC Barnsley, playing st Oakwell..

I for one would certainly not even for a moment contemplate going along with a move out of the town..

Fair enough if it was just about buying a new ground in Barnsley, that maybe has traction, but what has been written is cloud cuckoo land stuff.

 

Why do you have such blind faith in our new owners? Why are you so sure they wouldn't pull a stunt like this?

 

To be fair I see absolutely no mileage in any owners moving the club out of town. There's nowhere in the north of England with a potential fan base that could match ours that hasn't already got a club.
It's purely sabre rattling.
As has been said they've done, or tried to do, pretty much what they said when they took over. They've done it with some incredibly cack handed PR though, especially since the departure of Ganaye and they can have no complaints about the mistrust they're being greeted with.

 

He probably can't seen as its now in court.

 

He can comment on the allegations he is in discussions to leave Oakwell though.

 

Why are you so sure they would?

 

You would come out and clear it up if it was complete tosh and tell people it's a load of ******

 

For those who didn't see it the last time I posted it.....

Maybe this is why the council and the Crynes are reluctant to sell....due to Conway and co's history ....

Taking out massive loans against the clubs assets puts us on rocky ground and a very slippery slope





OGC Nice, Chien Lee & the mysterious €22m December 2018 loan

Reporting from Challenges and Nice-Matin reveal that current owner of OGC Nice Chien Lee made the club take out a €22m loan in December with an alarmingly high interest rate fixed to it, to the tune of 9% with repayment required over 4 years, as the Chinese-American ownership comes under increasing scrutiny.

The current ownership continues to refuse offers for the club from English billionaire Sir Jim Ratcliffe, a tact that has brought fans to increasingly demand Lee’s exit, with the main ultra group la Populaire Sud claiming in a recent statement that the current owners “lack footballing ambition”.

Nice curiously in December 2018 took out a €22m loan from Luxembourg fund Thalos Investment Platform with a 9% interest rate on it. That sum corresponds exactly with the amount of money that the Chinese-American owners have put into the club since their arrival in 2016 – the three men (Chien Lee, Alex Zheng & Paul Conway) took 80% equity, with club president from 2011 to early 2019 Jean-Pierre Rivère retaining 20%. The agreement upon signing insisted that the trio of investors could not recoup their money until two years after signing, so June 2018 – but they appear to have been desperate to do so.

The problem? There was no money in the coffers – Paul Conway put forward the name Thalos Investment Platform at the end of June in 2018. Based in Luxembourg, this company is a subsidiary of Swiss group Vicenda and offers loan financing to companies in debt or markets-based trading financial institutions. Several weeks earlier, in May 2018, two Swiss media groups (Ringier & NZZ) filed a legal complaint against Thalos in a bankruptcy case relating to Swiss advertising giant Publicitas, as reported by Swiss outlet Le Temps. The claims relate to a “transfer contract” which allowed the lender to become the owner of the liabilities and the assets of the indebted company.

Despite the mystery surrounding the Luxembourg fund, OGC Nice enter into discussions with Thalos, who include a series of bizarre clauses in the loan. One source indicated that one of the clauses was that “if the club was in 14th place or lower by the 22nd match of this season, the Nice would have to repay the loan within the week. That put the club in incredible peril.”

Despite also seeking a loan with a big American bank, OGC Nice’s owners went with Thalos after several months of negotiations. A former employee at OGC Nice said: “The worst is over. With the TV rights and the sale of players, the club has largely got the capabilities to repay the loan. However, this series of events shows what the current owners’ priorities are. They would prefer to pocket money in the club than make it available for transfers for example.”

Chien Lee and co. have sought to defend themselves, with a source close to the trio of American-Chinese owners indicating to Nice-Matin: “A part of the €22m went directly into Jean-Pierre Rivère’s pocket.”

JPR – praised for his exceptional handling of the club whilst president – felt that he had to walk at the beginning of 2019 owing to disagreements with the Chinese-American owners – he wants the sale of the club to Sir Jim Ratcliffe to occur. Rivère responded: “It was an advance on the 20% of shares that I agreed to sell them in the owners pact. The price was fixed since their arrival and that sale is due to occur, dependent on certain conditions, in the two years to come.”