Financial info (1 Viewer)

I answered your question multiple times. You know my position.

dongonzalos said:

Its amazing what info starts to trickle out when you start asking questions. Well done Astute

Much better than IMO, than when just typing out a dissmisive or supportive one liner.
Then when people ask them to explain their opinion futher they either ignore them or you cant and get a bit funny with them.

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For everyone's reference, there appear to be two outstanding debentures. Here's the recent ARVO MASTER FUND one:

Mortgage Type: DEBENTURE
Date Charge Created: 19/03/12
Date Charge Registered: 22/03/12
Date Charge Satisfied: -
Status: OUTSTANDING
Person(s) Entitled: ARVO MASTER FUND LIMITED
Amount Secured: ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details: FIXED AND FLOATING CHARGE OVER ALL PROPERTY AND ASSETS INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, PLANT & MACHINERY, EQUIPMENT.

And a year previously (SBS&L):

Mortgage TypeEBENTURE
Date Charge Created: 29/03/11
Date Charge Registered: 01/04/11
Date Charge Satisfied: -
Status: OUTSTANDING
Person(s) Entitled: SKY BLUE SPORTS & LEISURE LIMITED
Amount Secured: ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details: FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

It's very hard to get any info on ARVO because they're based in the Cayman Islands.

Yes thats the info i have too RoyalScam ...... but it creates a problem..... you cant have two different entities having first charge over the same assets.

I assume that the earlier charge has been removed but if it hasn't how can ARVO have a charge at all?

Unless someone can tell us differently who is used to creating charges and mortgages

It appears any mortgage(s) on the training ground have been repaid:

Mortgage Type: LEGAL MORTGAGE
Date Charge Created: 20/12/10
Date Charge Registered: 07/01/11
Date Charge Satisfied: 05/08/11
Status: SATISFIED
Person(s) Entitled: SWYNSON LIMITED
Amount Secured:
Details: LAND AND BUILDINGS ON THE SOUTH EAST SIDE OF LEAMINGTON ROAD RUGBY T/NO WK234099 BY WAY OF FIXED CHARGE ALL ITS RIGHTS IN ANY POLICIES OF INSURANCE THE BENEFIT OF ALL CONTRACTS ALL AUTHORISATIONS

Mortgage Type: LEGAL MORTGAGE
Date Charge Created: 26/07/10
Date Charge Registered: 31/07/10
Date Charge Satisfied: 15/01/11
Status: SATISFIED
Person(s) Entitled: SWYNSON LIMITED
Amount Secured:
Details: LAND AND BUILDINGS ON THE SOUTH EAST SIDE OF LEAMINGTON ROAD RUBY T/N WK234099 AND ALL ITS RIGHTS IN ANY POLICIES OF INSURANCE AND THE BENEFIT OF ALL CONTRACTS GUARANTEES APPOINTMENTS WARRANTIES AND OTHER DOCUMENTS

oldskyblue58 said:

have sent this to the Football League

"Could you please clarify what items are taken to be football creditors as opposed to any other creditor. Also would an asset with a mortgage or charge on it be used to satisfy that debt first or a football creditor

thank you"

Sent one requesting details about the FFP rules 10 days ago and got no reply so not holding my breath

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Joy Seppala sent the same email to them strangely enough.

it is now included as a specific item on the ARVO charge document though

Well looking at the dates it appears the second mortgage settled the first,who or what settled the second ,or are we getting a third sometime now?

Could it be that ARVO provided the loan that cleared the second mortgage and took the debenture as security at a later date?

Any special significance to the wording in the SBS&l charge stipulating," on any account whatsoever" and the inclusion of" Buildings" as opposed to the Arvo charge?You're very likely correct there Sky Blues.