Any comments on the Guardian article today?

Why weren't Trust members made aware of this before we voted to gift the shares to Munto Finance?

Why was this not raised in the last AGM?

"Notts County's parent company will be wound up next week unless a six-figure tax debt is paid. The League Two club are the subject of a winding-up order scheduled to be heard at the bankruptcy division of the high court on 18 November. Despite the notice being served on 25 September on the club's UK parent company, Blenheim 1862, the debt has still not been settled.

There remain only four days in which to make a settlement to prevent the case going before the courts. Notts County have today refused to comment.

The development is said to have come as a shock to those involved in the transaction to hand over the club in June to the British Virgin Islands-registered nominee company Qadbak. In that deal the supporters' trust wrote off almost £400,000 in shares and loans it held in Blenheim 1862. As a result Qadbak owns County via another British Virgin Islands vehicle, Munto Finance, which in turn holds the shares in Blenheim 1862.

It is understood that at the time of the transaction there was an assurance that the tax debts, believed to be approaching £400,000 and which threatened the existence of the club, would quickly be paid. It was this assurance, along with claims of enormous funds available to the club under Qadbak, that led to the trust handing over the shares to the BVI companies for free.

A source close to the club claims sufficient funds are being held in an escrow account ready for release to HM Revenue and Customs once the matter has been heard by the courts. The source added that the debts relate to PAYE and VAT submissions dating back over two years.

Blenheim 1862's sole directors are Glenn Rolley, who still serves as the supporters' Trust's chairman, and the club's executive chairman, Peter Trembling."

http://www.guardian.co.uk/foot...otts-county-tax-debt

As a Trust Member since its conception I too would also like to pose the question why was this winding order up kept from the Trust Membership at the AGM. The notice was served on September 25th, the first Notts County Supporters & Trust Members hear of it is November 9th in a National Newspaper.
Why have Trust Members not been informed of this impending action.

Every Thing Forward & Trust in The Lord.

This message has been edited. Last edited by: Bridg4d_Pie_,

Perhaps the Trust Chair could have spared us 40 minutes of his ridiculous rhetoric and told us about an unpaid tax bill accumulated at a time when he was Company Secretary for Blenheim 1862!

Sounds like a big cover up to me, the accounts were supposed to be up to date and ok and there was nothing to hide,trust members vote thinking they have all the facts about finances and they haven't, this must be a criminal offence surely witholding information. Imagine if we had voted against the takeover we would have gone bust, thank god for Peter trembling.

Hi there,

quote:

Originally posted by bigapplepie:
Any comments on the Guardian article today?

...snip...

Blenheim 1862's sole directors are Glenn Rolley, who still serves as the supporters' Trust's chairman, and the club's executive chairman, Peter Trembling."

I'd also like clarification on the Guardian's assertion that Glenn Rolley is a director of Blenheim 1862, alongside Peter Trembling. This appears directly to contradict the answer given by Mr. Rolley to a question from the floor at the recent Trust AGM.

If the Grauniad's assertion is incorrect, will the Trust be seeking the publication of a correction?

Thanks.

Martin.

Having been convinced that a Trust was the way forward for Notts, I took out a 5 year membership a couple of years back. With the takeover complete, I was expecting some sort of conciliatory tone in Trust missives - and I get this :-

quote:

The chair, Glenn Rolley, gave a full and frank account of the last year, which was on occasions brutal in the detail delivered. Special focus was given to the way the Trust and Club were almost destroyed by actions of a few. Tributes were given to John Collin and Nigel King for their true professionalism in the face of such iniquity. The Chair went on to outline the gratitude ALL Notts fans owe to John Armstrong Homes in delivering the Munto investment for our football club.

This of course continues the propaganda style that the Trust has made a speciality in recent times. So given that it appears that the club was teetering on the brink of administration and that many members of the Trust board resigned due to a lack of openness about the financial state of the club, who exactly were the few who were going to destroy the club by their actions? And why exactly do we owe any gratitude to JAH for getting lucky with a knight in shining armour turning up just before we realised the pile of excrement the club was in?

If you ever want the future support of the Trust members, we want a full and frank disclosure of the state of the club at the time of the takeover and details of the people responsible, either by their actions or their inaction. That way, we can make sure that they are never allowed anywhere near the Trust again.

Please could someone from the trust answer this question. Why have the trust membership never been told about this tax debt? Is it because those in power on the trust board did not know about it, or did they choose to keep it from the members?

Makes you wonder wether Munto Finance were even told about it before they took over the club, doesn't it ?

And why are we supposed to owe any gratitude to JAH ? Peter Trembling doesn't seem to have any respect for him.

Hello, is there anybody ever on duty on this alegedly Sharing, Caring Site to reply to the questions asked, or are you all down in the Bomb Proof Beer Cellar beneath "The Navigation Public House", taking the Plaudits to a job well done, alegedly.
All I can say is thank The Lord that Munto had in their possession a Sat Nav, to enable them to locate The Worlds Oldest Football League Club.

Every Thing Forward & Trust in The Lord.

quote:

Special focus was given to the way the Trust and Club were almost destroyed by actions of a few.

Well Glenn Rolley was right in one respect, but rather wrong in the identity of the 'few' he referred to.

If there is a shred of dignity left, anyone involved in this shambles who remains on the trust board should resign forthwith.

I am most concerned that the issue of unpaid tax and a winding up petition was not made known at The Trust AGM.
Can somebody explain why?

Could the Trust Board please confirm that the following Trust Officials did not know of the unpaid tax debt outlined above.

John Armstrong-Holmes - Supporter Director and Director Blenheim 1862
Councillor Eric Kerry Supporter Director and Director Blenheim 1862
Glenn Rolley Trust Chair and Company Secretary Blenheim 1862
Councillor John Collin Trust Secretary

If any of the above did know of this debt please supply an explanation as to why this information was deliberately witheld from Trust members and former Trust Board members.

Those involved in any cover up should be banned from Meadow Lane for life.

quote:

Originally posted by bigapplepie:
Those involved in any cover up should be banned from Meadow Lane for life.

I would be surprised "bigapplepie" if any of those involved would want to step back inside Meadow Lane, for fear of being recognised, end of.

Every Thing Forward & Trust in The Lord.

Am i right in my belief that The board of the NCST are available before every home game in the Navigation Pub? Because if you are, I think we will be raising these questions in person before the next home match against Aldershot.

I agree with some of the statements above. If the 4 of you knew about the state of the clubs finances and deliberately withheld this information from the members of the Trust, you should all be banned from Meadow Lane for Life.

So, plenty of questions but no answers, even though a simple yes / no would suffice in most cases. One more question to our chairman - do you think that hiding and ignoring the membership of the trust you chair is an acceptable way to behave?

I suspect that if any of the Trust Board named in a post on this Thread needed votes to retain their Status as members of the Trust Board, they would indeed not be hiding & ignoring the membership.
They would be in Wheelers, Lawtons, The 1862 & The Navigation canvasing votes, sadly when it comes to answering questions posted on this Board they appear to go Awol, alegedly.

Every Thing Forward & Trust in The Lord.

Hi there,

As I understand the recent news reports - and correct me if I'm wrong - the debt outstanding to HMRC was accrued under the previous ownership, when the Trust had majority control of the Club. With this in mind, I'd like to know:

1. At what point did Munto Finance become aware of the outstanding debt to the Inland Revenue?

2. Why was the debt not settled prior to the winding-up order being issued?

I'd be most grateful if the Trust Board, on behalf of its members, would submit a request for comment to the Club, posing these questions, and any others raised by other members.

Additionally, I'd like to ask some questions of those who were Supporter-Directors of the Club prior to the Munto takeover.

1. At what point did the Supporter-Directors (any of you) become aware of the debt outstanding to HMRC, and what provisions were made for servicing the debt?

2. Why were no details of this debt released at the time to the Club's biggest shareholder (the Trust's membership, collectively)? If details were released to the membership and for some reason I just missed them, perhaps you would be good enough to provide me with copies of the relevant documentation?

Thank you for your time.

Martin.

I would like to know, now it appears that the debt relates to the time when the trust had the majority shareholding in the club, why Glenn Rolley in his role as Trust Chair, allowed financial information which had previously always been forthcoming to the trust board, to suddenly be withheld as it was 'confidential'. No other Chair in the history of the trust would have tolerated this situation, let alone given it their approval.

Ever get the feeling that you are being deliberately ignored?