Hoffman (2 Viewers)
- Thread starter Nick
- Start date
Speedie's Head
Well-Known Member
I wasn't a Northern Rock customer thankfully but he's not remembered fondly among those who were.
skybluetony176
Well-Known Member
Did I read somewhere that they’re being investigated for facilitating money laundering?
Jesus. He’s a part time non Exec chairman. It’s principally a corporate governance role, of which he has a tonne of experience. He’s not running the business.
Thus is excellent news imho.
skybluetony176
Well-Known Member
IIRC he was appointed after it crashed in the banking crisis and had been nationalised. Think he was brought in to put it back on an even keel. Not sure why he would be unpopular with customers, the crash, run on money etc all happened before his arrival.
Speedie's Head
Well-Known Member
Sure but he was responsible for sacking a whole load of staff and eventually waiving his fat bonus cheque under pressure, while the tax payer was gifted the toxic debt and the customers 'all' moved their mortgages.
This I think is part of the strategy towards a hostile takeover of the club, at some point that suits Ashley and co.
Broken Hearted Sky Blue
Well-Known Member
I do met him a number of times don’t be a twat
Broken Hearted Sky Blue
Well-Known Member
For gods sake why have you posted this it doesn’t fit the narrative
KenilworthSkyBlue
Well-Known Member
I don't doubt that he wants the club to do well. But don't be so naive to think that he doesn't hold his personal profile over what's best for the club.
skybluetony176
Well-Known Member
Staff I could perhaps understand, but not customers. No doubt putting it on an even keel meant some tough decisions. The toxic debt though also happened before his arrival. He would have been at Barclays when the subprime mortgage crisis caught up with the banking sector. Don’t remember Barclays ever having a major issue with it, certainly not one so big that it had to bailed out and nationalised by the government.
Could be right on the latter part though. Only time will tell. As others have pointed out he is a lifelong fan so might not be bad news, doesn’t mean it will automatically be a good thing either mind. Hence my original post is meh.
Brighton Sky Blue
Well-Known Member
Joe Elliott I think
And you base this opinion on what facts ?
Sky Blue Pete
Well-Known Member
He’s upset a few of the key players that’s all. I’ve not met him I can’t say sorry
Nick
Administrator
History
KenilworthSkyBlue
Well-Known Member
I mean his several bogus takeover attempts should give you some semblance of an indication.
Sky Blue Pete
Well-Known Member
Nothing but he’s got into bed with a number of people who’s agenda hasn’t been the betterment of the football club
We’ll see though of xourse
Speedie's Head
Well-Known Member
Nobody wants to deal with their mortgage issues at a bank with few staff. It's like trying to get hold of a real person at HSBC today, it's become the norm now but it wasn't then.
slowpoke
Well-Known Member
Where they bogus ? he was dealing or trying to with a very different sisu in those days. It all went over my head to be honest but once he and Elliott left we had Northampton, Birmingham, ground issues, players sold off, Wasps, no money, one of the lowest budgets in the championship relegation to the bottom division and staring non league.
People on here have selective memories.
johngulson64
Member
Who wouldn't want a genuine City fan in an influential position on the board of an asset that we want as ours in the medium to long term?
Sky Blue Pete
Well-Known Member
We’ll see jury out for me
NorthernWisdom
Well-Known Member
Well Haskell didn't have the means to take over the club according to ACL's own preferred administrator, so that wasn't a great start. The offers to pay the rent weren't as clear as they seemed either.
Then we move onto later takeover attempts. Overson jumped from one consortium (that included Wasps ? My amnesia doesn't want to say that as absolute, nor the Dale Evans association)... and of course he got into bed with SISU at the start.
Plus he went round as a double act with Joe Elliot. Hoffman at least appears to have business sense, and was also wise enough to resign as vice chairman, to his credit. An Elliot endorsement is the kiss of death to any sign of credibility!
Anyway, I do believe Hoffman does have the right intentions towards the club, so hopefully him involved with the arena is positive... but let's wait and see.
NorthernWisdom
Well-Known Member
Because subjective then overrides objective?
KenilworthSkyBlue
Well-Known Member
Surely it depends on what his motives are doesn't it and who's side he's really on? Given who his employers are that should really give you an indication.
slowpoke
Well-Known Member
What indication is that then ? You’re all mouth mate
johngulson64
Member
Objectivity relies on results, so let's see what results from his appointment.
KenilworthSkyBlue
Well-Known Member
And you're a complete imbecile.
steve cooper
Well-Known Member
It was Adam Applegarth who got Northern Rock into the mess they were in. Gary Hoffman took on the poison chalice of trying to salvage what he could on behalf of the government who had nationalised it.
He also refused to accept his £700,000 leaving entitlement when he left.
Why Northern Rock's Hoffman is worth his £1.1m extra cash
Gary Hoffman, the boss of Northern Rock, should be made to take his £700,000 bonus.
www.standard.co.uk
Creepy bloke, used to hang around the entrance to the corridor by the art room at Bablake. Always on his own...
Broken Hearted Sky Blue
Well-Known Member
In with Boddy though isn’t it?
Broken Hearted Sky Blue
Well-Known Member
Bit like Boddys employers before the supposed takeover
DazzleTommyDazzle
Well-Known Member
In my view, this "rumour" came from a complete misreading of a set of Board minutes from years ago.