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Mark Lawn

Discussion in 'City Talk' started by Pineapple Salesman, Oct 27, 2018.

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  1. Bronco

    Bronco
    Supporter ⚽ P.L.25/26 Entrant World Cup 26

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    Let it go fella, it was required at the time, no financial institution would touch us with a barge pole.
    Or do you know differently ?.
     
    #61 Bronco, Oct 28, 2018
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  2. Futchers tache

    Futchers tache Breakthrough Prospect

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    All I remember mr Lawn saying is won't sell the club to anyone, only sell to whoever we think can take us to the next level. Mind you I can't remember which level he meant.
     
    #62 Futchers tache, Oct 28, 2018
  3. SimonW

    SimonW
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    I will respond one last time to you and if you keep being a troll I will be reporting you for a ban. And I’m not doing it in PM so you can then later throw it in my face as a way of saying 'hey I’m right because he didn’t reply’ like you did here becauee I choose to remove myself from reposnding to you trolling.

    The discussion was about needing an investor who was willing to put in money and keep pumping in money WITH NO RETURN until the club was in a position where it was self sustaining, like Man City’s owners for example. This isn’t what lawn did. Lawn was opertunitic, the club needed some money and he was able to not only basically guarantee he would get his money back (as it was a secured loan) but was getting 9% above the base rate meaning he was making nearly £100k a year even when the club was losing money (and that’s when the interest rate was really low at 0.5%, imagine it had gone up to say 5%). All you did was bang on about how Lawn was being someone who was the exact kind of owner the discussion was about. And when you brought in 'evidende' it was evidence that actually proved what I was saying was right not what you were saying but you kept insisting it showed what you were saying.

    Lawns money may have given the club a boost but he did it because he is a businessman first and it guaranteed him a good return. If you had this weird obsession with Rhodes instead I would understand you point (even though he isn't that kind of owner either) as he took a real risk by doing things like remortgaging his home and didn’t have a guaranteed yearly return on his investment beyond his 'Salary' (which Lawn would have also been getting as a director on top of his interest payments)
     
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    #63 SimonW, Oct 28, 2018
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  4. Nottsy

    Nottsy Squad Player

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    Let’s not forget Mark Lawn didn’t draw a wage when he first invested. A return on his investment relied solely on the club being successful.
     
    #64 Nottsy, Oct 28, 2018
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  5. EdwinB

    EdwinB Fringe Player

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    It would be worse

    That’s exactly what he said !
     
    #65 EdwinB, Oct 28, 2018
  6. Bronco

    Bronco
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    They could only get out if a buyer was available we fans knew for a while they were happy to sell the club.
     
    #66 Bronco, Oct 28, 2018
  7. HUDDERSSBANTAM

    HUDDERSSBANTAM Squad Player

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    I don't believe Lawn & Rhodes took a salary.

    Others will know more than me.
     
    #67 HUDDERSSBANTAM, Oct 28, 2018
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  8. SimonW

    SimonW
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    I would be surprised if they weren’t taking atleast a directors fee which is why I put salary inside ‘’. It’s not uncommon for them not to take an official salary for any work they did for the club but still get payment for being a director
     
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    #68 SimonW, Oct 28, 2018
  9. BoingBoing

    BoingBoing Emergency Backup

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    They didn’t.
     
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    #69 BoingBoing, Oct 28, 2018
  10. Bronco

    Bronco
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    He obviously got conded like the rest of us, Rupp has more than enough money to do as we and Mark hoped, surely he cant be held responcable for the goings on since these two clowns brought the circus to town ?.
     
    #70 Bronco, Oct 28, 2018
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  11. SimonW

    SimonW
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    No it didn’t. His loan was secured and he got his 9% above base rate even when the club made a loss.
     
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    #71 SimonW, Oct 28, 2018
  12. BoingBoing

    BoingBoing Emergency Backup

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    They didn’t though
     
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    #72 BoingBoing, Oct 28, 2018
  13. SimonW

    SimonW
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    Got any evidence of that? Rhodes espeicially that seems strange as he risked a significant amount on what the filings to hmrc suggest was an unsecured investment and which involved putting up a significant amount of his wealth as collateral
     
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    #73 SimonW, Oct 28, 2018
  14. BoingBoing

    BoingBoing Emergency Backup

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    Not meaning to be rude mate, but can you just stick to what you’re good at in future. Things like managing the hosting of this site and setting up the weekly prediction league.

    Everything else is pure conjecture on your part and is adding NOTHING to the debate other than unnecessary arguments....!
     
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    #74 BoingBoing, Oct 28, 2018
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  15. Lard Arse

    Lard Arse
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    Let's not forget that the Rhodes family took jointly with Ricmond over £8 million in dividends, which riddled the club with debt for years to come. Rhodes was there when the club went into a second administration after taking these dividends,
    The Rhodes family were there , when the club sold its only viable asset (The ground) to a fellow board member,which benefited said Board member's interests
    The Rhodes family we there when Lawn injected the money and took 9% above base rate.
    Never understand why he Rhodes family get a seemingly free ride .
    Lawn was a gob shite (Still is) but never took as much out of Bradford city as other have in our recent history
     
    #75 Lard Arse, Oct 28, 2018
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  16. Dennis

    Dennis
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    It was as low a risk as is possible. When he loaned the club the £1mill, not only did he receive the 9.5% intrerest on the loan, he also put a charge on the assets and all of revenue streams of the club for the duration of the loan. He had first dibs if anything ever went wrong was therefore guaranteed to be repaid his loan irrespective of how the club fared.
     
    #76 Dennis, Oct 28, 2018
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  17. Nottsy

    Nottsy Squad Player

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    And if the club had gone tits up he would have lost the lot. It was a massive gamble, one that nobody else was willing to take.
     
    #77 Nottsy, Oct 28, 2018
  18. BoingBoing

    BoingBoing Emergency Backup

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    You got any evidence to suggest they did take a Director’s fee?

    Both openly stated they did it for the love of the club and weren’t getting anything financial in return. I also believe the accounts were open and could be viewed from Companies House. This confirmed the loan repayments but nothing about any ‘Director’ fees being paid.

    I have still not seen anything to back up your claim that his loan was secured against the club. The link you posted wouldn’t work for me. But we had zero assets so what exactly was it secured against?
     
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    #78 BoingBoing, Oct 28, 2018
  19. Rogered Tart

    Rogered Tart
    World Cup 26 ⚽ P.L.25/26 Entrant

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    He's just putting his opinion across, nothing wrong with that. Some of what he says makes sense. To say his opinion adds nothing is wrong.
     
    #79 Rogered Tart, Oct 28, 2018
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  20. Nottsy

    Nottsy Squad Player

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    Didn’t know that, would he have been first in line if the club had gone into administration then?
     
    #80 Nottsy, Oct 28, 2018
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