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| 101. Author: Scotty Par Date: Fri 11th Oct 2013. 14:01 Fife council own pitreavie and currently lease it to DAFC ltd (or some company) who in turn lease it to DAFC to use for training. The only thing I can see, is that by him getting hold of the lease, he reckons he's going to get a fair bit of cash renting it to the pars. Maybe theres nothing in the contract about rent increases so he can charge us 10x what we are paying now? Wonder if he'll accept a table at hospitality as a years payment....... Reply |
| 102. Author: Digs Date: Fri 11th Oct 2013. 14:02 Pup - not unless we pay £25k to the farmer who owns it. This was the issue last season and I'm guessing is the reason Steelend no longer use it. They had it on a long term lease with a former landowner who took a token rent of £1 per year. She sold up and the new guy demanded £25k or get orf his laaaand. Stair Maistreas na Beatha Reply |
| 103. Author: honk Date: Fri 11th Oct 2013. 14:03 This lease has nothing to do with Masterton now. His only tenuous link is the fact he secured part of his pension loan against the value of the lease. The fact that he has not paid one single loan payment back is an HMRC issue. Perhaps that is behind his thinking too. Remember that the other security he used in obtaining that loan from his pension were the value of shares in Dunfermline Athletic (valued at 1 million) and we know what happened to that security. Whether or not he can build houses on it or not does not mean a jot in Gav World. Reply |
| 104. Author: Bath Par Date: Fri 11th Oct 2013. 14:03 Scotty, I don't get that. PU can tell him to ram it and go and train anywhere they can make arrangements. I can't see how PU can be committed to Pitreavie in a legal sense. Reply |
| 105. Author: allforone Date: Fri 11th Oct 2013. 14:04 On a side note Steelend Vics have folded :( Reply |
| 106. Author: DrumRoad Date: Fri 11th Oct 2013. 14:05 Topic Originator: pars_andy Date: Fri 11 Oct 13:54 < I think I will go with the above as we appear to have a willing "seller" in BDO & a willing "buyer" in FRC with regards Pitreavie lease.... So why not deal done! I read stuff to do with GM pension funds tied in some way to Pitreavie & intertwined with The Pars Trust....... That's no the PST BTW. I can't make sense of it but the scenario would explain why GM has put his head above the parapet once more. 2022/23 League one Winners Reply |
| 107. Author: cammypar 1995 Date: Fri 11th Oct 2013. 14:10 so if it stays the same nothing changes how will this effect us ? c'mon the pars Reply |
| 108. Author: Ross Jack Stole My Hat Date: Fri 11th Oct 2013. 14:19 Way too confusing for a dullard like me. Give me the news we aren't getting liquidated and that P.U can take over and I'm a happy/very relieved man. Reply |
| 109. Author: buffy Date: Fri 11th Oct 2013. 14:24 So, a loss making business - run by a known failed business family member - is to be transformed by a magical thin air loan from a newly formed operation based in a house in Kirkcaldy to ensure a former failed football club owner doesn't lose his pension and to build pretend castles on an area of land which can only be used for commercial use? I'm seeing Danny deVito in the lead role with munchkins for the rest! ”Buffy’s Buns are the finest in Fife”, J. Spence 2019” Reply |
| 110. Author: honk Date: Fri 11th Oct 2013. 14:57 Remember it's also Yorkston's pension. Reply |
| 111. Author: the calimero kid Date: Fri 11th Oct 2013. 14:59 Who in their right mind would gamble their pension on something like a training ground? Reply |
| 112. Author: Frank Grimes Date: Fri 11th Oct 2013. 14:59 A mindless twit.  Reply |
| 113. Author: JohnnyW Date: Fri 11th Oct 2013. 15:05 Really shows how the Bank Of Scotland got in such a mess when guys like him were laying the foundations........ It's all risk risk risk with little thought towards the consequences. ------------------------------------------------------------ Best tweet ever:  Reply |
| 114. Author: Skysurf Date: Fri 11th Oct 2013. 15:06 An idiot. Reply |
| 115. Author: Cisco Date: Fri 11th Oct 2013. 15:08 Why does he even want the training ground? Reply |
| 116. Author: honk Date: Fri 11th Oct 2013. 15:09 They didn't gamble their pensions on a training ground. They simple used the lease as security. They bought the premises in Dalgety Bay with their pensions. However because they have not paid any of the loanbacks they are in breach of HMRC rules and will therefore be heavily fined and have the arse taxed out their pensions! Reply |
| 117. Author: Skysurf Date: Fri 11th Oct 2013. 15:17 So, an incompetent idiot. Why is this clown even bothering with all this, other than vengeance? What a thoroughly abhorrent individual we are dealing with. Reply |
| 118. Author: the calimero kid Date: Fri 11th Oct 2013. 15:18 Seriously Honk? Thats absolutely bonkers. Obviously trying to be smarter than they really are. Reply |
| 119. Author: we won the cup in 68 Date: Fri 11th Oct 2013. 15:18 Topic Originator: JohnnyW Date: Fri 11 Oct 15:05 "Really shows how the Bank Of Scotland got in such a mess when guys like him were laying the foundations........ It's all risk risk risk with little thought towards the consequences." For the record, Bank of Scotland at the time was solvent, they had attempted to buy Nat West but lost out to RBS and as such became a target for a predatory take over. With a view to avoiding this, they merged with the Halifax B.S. The merger took place in 2001 and Masterton retired in June 2001. Reply |
| 120. Author: londonparsfan Date: Fri 11th Oct 2013. 15:22 Andy Hornby is your main man if you're looking blame there... Reply |
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