Chris Brereton

[Bulls2487]

https://find-and-update.company-information.service.gov.uk/company/03165021/filing-history

It appears that he has listed a charge against land at Featherstone so has lent the club money.

Anyone heard if this is part of a takeover?

Chris Brereton was co-owner of Wakefield and had links with the Bulls in 2019.

https://www.thetelegraphandargus.co.uk/news/17950216.chris-brereton-rumoured-head-consortium-taking-bulls/

Edited November 16, 2023 by Bulls2487

[Monkeymagic22]

47 minutes ago, Bulls2487 said:

https://find-and-update.company-information.service.gov.uk/company/03165021/filing-history

It appears that he has listed a charge against land at Featherstone so has lent the club money.

Anyone heard if this is part of a takeover?

Chris Brereton was co-owner of Wakefield and had links with the Bulls in 2019.

https://www.thetelegraphandargus.co.uk/news/17950216.chris-brereton-rumoured-head-consortium-taking-bulls/

Well spotted. I wonder what this is all about?.

[roversspud]

28 minutes ago, Monkeymagic22 said:

Well spotted. I wonder what this is all about?.

A few weeks ago, the club did say they were getting some outside money in at the time of the late salary payments so perhaps it's something to do with that.

[Michael Bates]

Can anyone explain this in layman's terms?

[gazza77]

33 minutes ago, Michael Bates said:

Can anyone explain this in layman's terms?

If it was personal finance, the equivalent is broadly the same as the charge a bank has over your house, IE a mortgage.

[Monkeymagic22]

2 minutes ago, gazza77 said:

If it was personal finance, the equivalent is broadly the same as the charge a bank has over your house, IE a mortgage.

Therefore is this guy lending us a sum of money against the value of the clubs assetts?.

[sentoffagain2]

5 minutes ago, Monkeymagic22 said:

Therefore is this guy lending us a sum of money against the value of the clubs assetts?.

If lending Fev money  some type of security would be wise.

[gazza77]

7 minutes ago, Monkeymagic22 said:

Therefore is this guy lending us a sum of money against the value of the clubs assetts?.

I can't say for sure, but unusual to agree to a charge against an asset without some benefit in return, usually financial.

[Les Tonks Sidestep]

21 minutes ago, sentoffagain2 said:

If lending Fev money  some type of security would be wise.

It's secured against...

Land and buildings on the north side of post office road and land to the north east of post office road, Featherstone

[Les Tonks Sidestep]

20 minutes ago, gazza77 said:

I can't say for sure, but unusual to agree to a charge against an asset without some benefit in return, usually financial.

I'd imagine it's a similar arrangement as with the loan from Colm Corran several years ago ie repaid with interest 

[Monkeymagic22]

Given this blokes previous interest in RL, being a joint owner of Wakefield, and showing an interest in taking over Bradford, I wonder if he’s taking on any kind of role, or it’s just a loan?. 

[Les Tonks Sidestep]

Just now, Monkeymagic22 said:

Given this blokes previous interest in RL, being a joint owner of Wakefield, and showing an interest in taking over Bradford, I wonder if he’s taking on any kind of role, or it’s just a loan?. 

The last bloke to lend the club money became, and is still listed as an active, director

[gazza77]

26 minutes ago, Les Tonks Sidestep said:

I'd imagine it's a similar arrangement as with the loan from Colm Corran several years ago ie repaid with interest 

I'd agree. The purpose of this loan is probably less clear however, as iirc the one you reference was intended to support progressing ground development, specifically the use of the land to become revenue generating.

Edited November 16, 2023 by gazza77

[Les Tonks Sidestep]

47 minutes ago, gazza77 said:

I'd agree. The purpose of this loan is probably less clear however, as iirc the one you reference was intended to support progressing ground development, specifically the use of the land to become revenue generating.

The one I referenced was to pay wages back in 2016. CC was charged with getting change of land designation into the local plan in 2018

Edited November 16, 2023 by Les Tonks Sidestep

[Kirmonds pouch]

He's seems a nasty piece of work to me, left Wakey under very acrimonious circumstances. He's one of those people involved in RL for reasons it's hard to fathom, as he doesn't appear to enjoy it, or do any good at any of the clubs he infiltrates. 

[sentoffagain2]

     That's fine we only want him for his money.

[jamescolin]

Be better as a shareholder, but looks like he will be as creditor. The main thing is what are the terms of his contract. 

[Kirmonds pouch]

On 16/11/2023 at 16:28, sentoffagain2 said:

     That's fine we only want him for his money.

Best of luck, as far as I'm aware he hasn't got any.

[marklaspalmas]

15 minutes ago, Kirmonds pouch said:

Best of luck, as far as I'm aware he hasn't got any.

You seem to know him well.

You've informed us of his character and personality, his plans and intentions, and the state of his bank accounts.

[The Phantom Horseman]

1 hour ago, marklaspalmas said:

You seem to know him well.

You've informed us of his character and personality, his plans and intentions, and the state of his bank accounts.

How much does he weigh though?

[J Phil Loxton]

3 minutes ago, The Phantom Horseman said:

How much does he weigh though?

Not much if he's no money in his pockets

[Monkeymagic22]

There’s a few more documents on the Featherstone Rovers company page, including a list of shareholders, for those interested.

[jamescolin]

Featherstone Rovers list of shareholders. What is the news on Brereton?

[Monkeymagic22]

31 minutes ago, jamescolin said:

Featherstone Rovers list of shareholders. What is the news on Brereton?

He wasn’t on the list, but it probably related to last year.

[Les Tonks Sidestep]

1 hour ago, Monkeymagic22 said:

He wasn’t on the list, but it probably related to last year.

He's not bought shares, he's loaned the Club money.