Riverstown wrote:

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We are very pleased to help you keep the attendance up. We know what its like to be short of money and have to operate with a massive debt

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 Indeed. We're most grateful. But of course our debt is almost exclusively of the friendly variety....

JgFc wrote:

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Peter its not as black and white as that. We dont know if 2 seasons losses of 150k plus were entirely off set by agreed loans. The fact you incurred massive losses shows you couldnt afford the players. Add in the other million in the red and it could be called irresponsible. I am sure all fair minded wings fans hope you like any close rivals pay your debts and stay at least at this level. Welling have paid over 100k off debts. If you break even you still have 150k of recent debt umpaid.

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Losses which are funded by individuals who have stated that they will not be pushing for repayment are not a problem, Tom. If one is insolvent one cannot pay one's debts as they fall due for payment. These loans from current and former directors, not to mention the loan from the council are not "due for payment...." The fact that we have not been persued for debt repayment indicates that we can afford the players, shirley.... Debt per se isn't a big problem. Debt which is overdue for payment is a problem as Welling will testify....

stafford wrote:

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Will be interesting to see how long any council debt remains unpursued in the current climate.....

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Not that interesting, stafford, because the terms of the £200k interest-free loan from the Council include a 20-year repayment schedule....

oldcoach wrote:

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Same goes for your posts, PF..... not that interesting .... ZZZZZZZ

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In which case one wonders why (a) you read it and (b) you responded to it.....

JgFc wrote:

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I still retain that its hard for Chelmo to say its all kushty when theyve lost 150k in previous 2 seasons and debts remain unpaid. If you are losing money and have debts over 1 million then there are obviously problems no matter what way Pierre Davide Fosteur spins it.

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I agree that anyone not cognisent of the detail and reality and circumstances relating to the debts and losses may well express some disquiet, Tom....

"Because I know all these creditors personally........."

Is it April Fools day already.

joe free wrote:

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Dear Mr Foster

You started a thread and then behaved like a pedant when people responded.
Admittedly I have not met you - and after reading your posts have little desire to make your acquaintance - but if you are going to make sarcastic comments on the forum might I make a suggestion?
Buy a dictionary and learn to spell words such as ''pursue'' and ''cognisant?''
Please don't attempt to use such words in some faux intellectual fashion - and then prove your ignorance for all to see by not being able to even spell them?
However, your posts do at least remind me of one old but favourite adage?
Q: '' What's the best thing to come out of Essex?''
A: '' The A13.''

kind regards

Joseph

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Ah! The old favourite! I see that having run out of anything useful to post by way of argument you have resorted to pointing out spelling mistakes! And you maintain that I "behaved like pedant...."

Please point out this alleged pedantry, Joseph, or are you simply confusing pedantry with accuracy....

And if you care to check you will note that it was Riverstown and JGFC who took this thread off topic and into the realms of club finance. All I've done is to state the differences between some of the financial aspects of our two clubs....

And one man's "sarcastic comments" is another man's "harmless banter," Joseph. It's what these messageboards are for, shirley....

And because you object to my phraseology I would be happy, going forward, to dumb down my postings just for you, Joseph.... 

My philosophy in this regard is simple, Joseph. Spelling is unimportant. One just needs to ensure that one gets one's point across.... Clearly, "spelling" is more important to you....

Thanks for the joke, Joseph. I hadn't heard that one before. And at the risk of being considered a pedant one should not forget that the A13 is not a one-way street....

Kevin wrote:

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You know every creditor personally Peter ?? Wow. Most of our "42" loanees to save the club wanted to remain anonymous, but yours seem to want to happily tell you, and only you ?? You must be special.

-- Edited by Kevin on Tuesday 22nd of March 2011 02:29:37 PM

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I didn't say that I know every creditor personally, Kevin.... But I do know every creditor who has loaned money to the club. I recruited a lot of them in 2005/06. And there's no such thing as an anonymous loan, is there, Kevin....think about it....

Romford! I suppose we all have our crosses to bear.....

joe free wrote:

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Dear Mr Foster

You started a thread and then behaved like a pedant when people responded.
Admittedly I have not met you - and after reading your posts have little desire to make your acquaintance - but if you are going to make sarcastic comments on the forum might I make a suggestion?
Buy a dictionary and learn to spell words such as ''pursue'' and ''cognisant?''
Please don't attempt to use such words in some faux intellectual fashion - and then prove your ignorance for all to see by not being able to even spell them?
However, your posts do at least remind me of one old but favourite adage?
Q: '' What's the best thing to come out of Essex?''
A: '' The A13.''

kind regards

Joseph

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JgFc wrote:

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Pierre you state that they dont want their money back. But Peter Stroud is in the press saying he wants his.

So being that you lost 150k in the last two seasons and MAY break even this season, if you have to pay Stroudy back (and we arent talking a fiver) surely this piles on more debt?

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I didn't say that ALL those who made loans to Chelmsford City did not require repayment, Tom. Because of a change in his personal circumstances, Peter Stroud is being repaid over a period of 15 years, I believe.... But this represents a very small part of the overall total of loan debts....