CBX1985

No, today is a Sunday.  It is one of the two weekend days, alongside Saturday, which intersperses the five days of Bank Holiday we enjoy between Monday and Friday. ? 

Hello everyone.  Nice to meet you all.  Found this forum a week or so ago, and in the circumstances have been reading frequently.
I do believe there is, perhaps understandably, a mismatch between business reality and fans wanting to "save our club".  Some of the business people involved also care deeply about football, and some this club; but business comes first and their backers are not going to want to "donate" monies beyond the relative value of the proposition.  
I work in financial services and investment.  I have previously worked at a global accountancy firm, where I for a while sat next to a company administrator - no, not Q - so have some familiarity with how these processes work in general terms. 
My analysis: is DCFC has VERY large debts.  DCFC has virtually no tangible assets.  Those we do have are players (if very few!).  On liquidation, unlike with other firms in most normal industries, those assets can leave for free on liquidation - so valueless to a liquidator.  We have considerable brand value (30k matchday attendees), all those here etc etc.  That brand value dies on liquidation, if EFL does not allow re-entry at L2.  Unlike with most businesses, the name cannot simply be sold as a way to pay creditors.
There is an old maxim: if I owe the bank £10,000, I have a problem; If I owe the bank a £1billion, the bank has a problem. That applies here.  On liquidation, the creditors get nothing.  Think about it, the players have no value and we don't own the ground.  We are left with paying £100m or whatever it is from old replica kits from the Superstore.
Ashley knows this, too.  As do all the buyers.  The reality is someone needs to be screwed here.  Liquidation screws everyone, but the admins need to extract as much as they can.  And so along strides a wonderful American who will generously pay a nice amount to said creditors for a L1 club.  No points deduction.  Keep Rooney.  40 new players.  He might as well throw Bale in to the mix as well, and consider putting a bit in for Messi.  It feels - not saying it is - a little too good to be true.  He is offering to be the one financially screwed for the greater good of everyone else.  And on cue the money doesn't turn up... makes you wonder.
What, in my opinion, this club has needed since January is to have the real crunch liquidation point - the club will liquidate on x date without x monies.  At the moment, creditors are thinking "I can get a 'good' deal from some naive mug" and are not considering the real haircut they are going to need to take to get some monies back, maybe 5 or 10p in the pound.  Once a potential vulture owner decides to accept the points deduction, why offer the creditors any less than a completely derisory offer (you get them to their lowest point before they refuse on principle)?  The points deduction will be the same.
This is Ashley's strategy (and probably everyone else bar CK).  He is planning to screw the creditors.  But this only works if you are prepared to hold out to the very very very last minute; and you can act fast to prevent the reapers axe actually coming down. 
The idea he will take CK's terms like-for-like is for the birds.      
 
 
 
 
  
 
 
 

No, today is a Sunday.  It is one of the two weekend days, alongside Saturday, which intersperses the five days of Bank Holiday we enjoy between Monday and Friday. ? 

No, today is a Sunday.  It is one of the two weekend days, alongside Saturday, which intersperses the five days of Bank Holiday we enjoy between Monday and Friday. ? 

No, today is a Sunday.  It is one of the two weekend days, alongside Saturday, which intersperses the five days of Bank Holiday we enjoy between Monday and Friday. ? 

My point regards liquidation and the threat thereof. DCFC brand has considerable value as a football club; it has no value if it is not a football club (and has been liquidated).  Going to division 14, no one is going to pay for that brand in that league.
Players have no value if they can leave on liquidation. 
 

I was unaware of the registration point so thank you for that ?  I will look up the details later, as might be employment rights issues there - i.e. who is paying their wages on transfer of transfer of registration and they have a legal right to earn a living.  Bury players gave two weeks notice.
The decide to liquidate point sounds impractical.  The fact they are liquidating would mean the likelihood would be they could be obtained for free later.  Might get something from someone in a hurry, but other teams will be as brutal negotiating as Mike Ashley. 

Hello everyone.  Nice to meet you all.  Found this forum a week or so ago, and in the circumstances have been reading frequently.
I do believe there is, perhaps understandably, a mismatch between business reality and fans wanting to "save our club".  Some of the business people involved also care deeply about football, and some this club; but business comes first and their backers are not going to want to "donate" monies beyond the relative value of the proposition.  
I work in financial services and investment.  I have previously worked at a global accountancy firm, where I for a while sat next to a company administrator - no, not Q - so have some familiarity with how these processes work in general terms. 
My analysis: is DCFC has VERY large debts.  DCFC has virtually no tangible assets.  Those we do have are players (if very few!).  On liquidation, unlike with other firms in most normal industries, those assets can leave for free on liquidation - so valueless to a liquidator.  We have considerable brand value (30k matchday attendees), all those here etc etc.  That brand value dies on liquidation, if EFL does not allow re-entry at L2.  Unlike with most businesses, the name cannot simply be sold as a way to pay creditors.
There is an old maxim: if I owe the bank £10,000, I have a problem; If I owe the bank a £1billion, the bank has a problem. That applies here.  On liquidation, the creditors get nothing.  Think about it, the players have no value and we don't own the ground.  We are left with paying £100m or whatever it is from old replica kits from the Superstore.
Ashley knows this, too.  As do all the buyers.  The reality is someone needs to be screwed here.  Liquidation screws everyone, but the admins need to extract as much as they can.  And so along strides a wonderful American who will generously pay a nice amount to said creditors for a L1 club.  No points deduction.  Keep Rooney.  40 new players.  He might as well throw Bale in to the mix as well, and consider putting a bit in for Messi.  It feels - not saying it is - a little too good to be true.  He is offering to be the one financially screwed for the greater good of everyone else.  And on cue the money doesn't turn up... makes you wonder.
What, in my opinion, this club has needed since January is to have the real crunch liquidation point - the club will liquidate on x date without x monies.  At the moment, creditors are thinking "I can get a 'good' deal from some naive mug" and are not considering the real haircut they are going to need to take to get some monies back, maybe 5 or 10p in the pound.  Once a potential vulture owner decides to accept the points deduction, why offer the creditors any less than a completely derisory offer (you get them to their lowest point before they refuse on principle)?  The points deduction will be the same.
This is Ashley's strategy (and probably everyone else bar CK).  He is planning to screw the creditors.  But this only works if you are prepared to hold out to the very very very last minute; and you can act fast to prevent the reapers axe actually coming down. 
The idea he will take CK's terms like-for-like is for the birds.      
 
 
 
 
  
 
 
 

Hello everyone.  Nice to meet you all.  Found this forum a week or so ago, and in the circumstances have been reading frequently.
I do believe there is, perhaps understandably, a mismatch between business reality and fans wanting to "save our club".  Some of the business people involved also care deeply about football, and some this club; but business comes first and their backers are not going to want to "donate" monies beyond the relative value of the proposition.  
I work in financial services and investment.  I have previously worked at a global accountancy firm, where I for a while sat next to a company administrator - no, not Q - so have some familiarity with how these processes work in general terms. 
My analysis: is DCFC has VERY large debts.  DCFC has virtually no tangible assets.  Those we do have are players (if very few!).  On liquidation, unlike with other firms in most normal industries, those assets can leave for free on liquidation - so valueless to a liquidator.  We have considerable brand value (30k matchday attendees), all those here etc etc.  That brand value dies on liquidation, if EFL does not allow re-entry at L2.  Unlike with most businesses, the name cannot simply be sold as a way to pay creditors.
There is an old maxim: if I owe the bank £10,000, I have a problem; If I owe the bank a £1billion, the bank has a problem. That applies here.  On liquidation, the creditors get nothing.  Think about it, the players have no value and we don't own the ground.  We are left with paying £100m or whatever it is from old replica kits from the Superstore.
Ashley knows this, too.  As do all the buyers.  The reality is someone needs to be screwed here.  Liquidation screws everyone, but the admins need to extract as much as they can.  And so along strides a wonderful American who will generously pay a nice amount to said creditors for a L1 club.  No points deduction.  Keep Rooney.  40 new players.  He might as well throw Bale in to the mix as well, and consider putting a bit in for Messi.  It feels - not saying it is - a little too good to be true.  He is offering to be the one financially screwed for the greater good of everyone else.  And on cue the money doesn't turn up... makes you wonder.
What, in my opinion, this club has needed since January is to have the real crunch liquidation point - the club will liquidate on x date without x monies.  At the moment, creditors are thinking "I can get a 'good' deal from some naive mug" and are not considering the real haircut they are going to need to take to get some monies back, maybe 5 or 10p in the pound.  Once a potential vulture owner decides to accept the points deduction, why offer the creditors any less than a completely derisory offer (you get them to their lowest point before they refuse on principle)?  The points deduction will be the same.
This is Ashley's strategy (and probably everyone else bar CK).  He is planning to screw the creditors.  But this only works if you are prepared to hold out to the very very very last minute; and you can act fast to prevent the reapers axe actually coming down. 
The idea he will take CK's terms like-for-like is for the birds.      
 
 
 
 
  
 
 
 

Hello everyone.  Nice to meet you all.  Found this forum a week or so ago, and in the circumstances have been reading frequently.
I do believe there is, perhaps understandably, a mismatch between business reality and fans wanting to "save our club".  Some of the business people involved also care deeply about football, and some this club; but business comes first and their backers are not going to want to "donate" monies beyond the relative value of the proposition.  
I work in financial services and investment.  I have previously worked at a global accountancy firm, where I for a while sat next to a company administrator - no, not Q - so have some familiarity with how these processes work in general terms. 
My analysis: is DCFC has VERY large debts.  DCFC has virtually no tangible assets.  Those we do have are players (if very few!).  On liquidation, unlike with other firms in most normal industries, those assets can leave for free on liquidation - so valueless to a liquidator.  We have considerable brand value (30k matchday attendees), all those here etc etc.  That brand value dies on liquidation, if EFL does not allow re-entry at L2.  Unlike with most businesses, the name cannot simply be sold as a way to pay creditors.
There is an old maxim: if I owe the bank £10,000, I have a problem; If I owe the bank a £1billion, the bank has a problem. That applies here.  On liquidation, the creditors get nothing.  Think about it, the players have no value and we don't own the ground.  We are left with paying £100m or whatever it is from old replica kits from the Superstore.
Ashley knows this, too.  As do all the buyers.  The reality is someone needs to be screwed here.  Liquidation screws everyone, but the admins need to extract as much as they can.  And so along strides a wonderful American who will generously pay a nice amount to said creditors for a L1 club.  No points deduction.  Keep Rooney.  40 new players.  He might as well throw Bale in to the mix as well, and consider putting a bit in for Messi.  It feels - not saying it is - a little too good to be true.  He is offering to be the one financially screwed for the greater good of everyone else.  And on cue the money doesn't turn up... makes you wonder.
What, in my opinion, this club has needed since January is to have the real crunch liquidation point - the club will liquidate on x date without x monies.  At the moment, creditors are thinking "I can get a 'good' deal from some naive mug" and are not considering the real haircut they are going to need to take to get some monies back, maybe 5 or 10p in the pound.  Once a potential vulture owner decides to accept the points deduction, why offer the creditors any less than a completely derisory offer (you get them to their lowest point before they refuse on principle)?  The points deduction will be the same.
This is Ashley's strategy (and probably everyone else bar CK).  He is planning to screw the creditors.  But this only works if you are prepared to hold out to the very very very last minute; and you can act fast to prevent the reapers axe actually coming down. 
The idea he will take CK's terms like-for-like is for the birds.      
 
 
 
 
  
 
 
 

Hello everyone.  Nice to meet you all.  Found this forum a week or so ago, and in the circumstances have been reading frequently.
I do believe there is, perhaps understandably, a mismatch between business reality and fans wanting to "save our club".  Some of the business people involved also care deeply about football, and some this club; but business comes first and their backers are not going to want to "donate" monies beyond the relative value of the proposition.  
I work in financial services and investment.  I have previously worked at a global accountancy firm, where I for a while sat next to a company administrator - no, not Q - so have some familiarity with how these processes work in general terms. 
My analysis: is DCFC has VERY large debts.  DCFC has virtually no tangible assets.  Those we do have are players (if very few!).  On liquidation, unlike with other firms in most normal industries, those assets can leave for free on liquidation - so valueless to a liquidator.  We have considerable brand value (30k matchday attendees), all those here etc etc.  That brand value dies on liquidation, if EFL does not allow re-entry at L2.  Unlike with most businesses, the name cannot simply be sold as a way to pay creditors.
There is an old maxim: if I owe the bank £10,000, I have a problem; If I owe the bank a £1billion, the bank has a problem. That applies here.  On liquidation, the creditors get nothing.  Think about it, the players have no value and we don't own the ground.  We are left with paying £100m or whatever it is from old replica kits from the Superstore.
Ashley knows this, too.  As do all the buyers.  The reality is someone needs to be screwed here.  Liquidation screws everyone, but the admins need to extract as much as they can.  And so along strides a wonderful American who will generously pay a nice amount to said creditors for a L1 club.  No points deduction.  Keep Rooney.  40 new players.  He might as well throw Bale in to the mix as well, and consider putting a bit in for Messi.  It feels - not saying it is - a little too good to be true.  He is offering to be the one financially screwed for the greater good of everyone else.  And on cue the money doesn't turn up... makes you wonder.
What, in my opinion, this club has needed since January is to have the real crunch liquidation point - the club will liquidate on x date without x monies.  At the moment, creditors are thinking "I can get a 'good' deal from some naive mug" and are not considering the real haircut they are going to need to take to get some monies back, maybe 5 or 10p in the pound.  Once a potential vulture owner decides to accept the points deduction, why offer the creditors any less than a completely derisory offer (you get them to their lowest point before they refuse on principle)?  The points deduction will be the same.
This is Ashley's strategy (and probably everyone else bar CK).  He is planning to screw the creditors.  But this only works if you are prepared to hold out to the very very very last minute; and you can act fast to prevent the reapers axe actually coming down. 
The idea he will take CK's terms like-for-like is for the birds.      
 
 
 
 
  
 
 
 

Hello everyone.  Nice to meet you all.  Found this forum a week or so ago, and in the circumstances have been reading frequently.
I do believe there is, perhaps understandably, a mismatch between business reality and fans wanting to "save our club".  Some of the business people involved also care deeply about football, and some this club; but business comes first and their backers are not going to want to "donate" monies beyond the relative value of the proposition.  
I work in financial services and investment.  I have previously worked at a global accountancy firm, where I for a while sat next to a company administrator - no, not Q - so have some familiarity with how these processes work in general terms. 
My analysis: is DCFC has VERY large debts.  DCFC has virtually no tangible assets.  Those we do have are players (if very few!).  On liquidation, unlike with other firms in most normal industries, those assets can leave for free on liquidation - so valueless to a liquidator.  We have considerable brand value (30k matchday attendees), all those here etc etc.  That brand value dies on liquidation, if EFL does not allow re-entry at L2.  Unlike with most businesses, the name cannot simply be sold as a way to pay creditors.
There is an old maxim: if I owe the bank £10,000, I have a problem; If I owe the bank a £1billion, the bank has a problem. That applies here.  On liquidation, the creditors get nothing.  Think about it, the players have no value and we don't own the ground.  We are left with paying £100m or whatever it is from old replica kits from the Superstore.
Ashley knows this, too.  As do all the buyers.  The reality is someone needs to be screwed here.  Liquidation screws everyone, but the admins need to extract as much as they can.  And so along strides a wonderful American who will generously pay a nice amount to said creditors for a L1 club.  No points deduction.  Keep Rooney.  40 new players.  He might as well throw Bale in to the mix as well, and consider putting a bit in for Messi.  It feels - not saying it is - a little too good to be true.  He is offering to be the one financially screwed for the greater good of everyone else.  And on cue the money doesn't turn up... makes you wonder.
What, in my opinion, this club has needed since January is to have the real crunch liquidation point - the club will liquidate on x date without x monies.  At the moment, creditors are thinking "I can get a 'good' deal from some naive mug" and are not considering the real haircut they are going to need to take to get some monies back, maybe 5 or 10p in the pound.  Once a potential vulture owner decides to accept the points deduction, why offer the creditors any less than a completely derisory offer (you get them to their lowest point before they refuse on principle)?  The points deduction will be the same.
This is Ashley's strategy (and probably everyone else bar CK).  He is planning to screw the creditors.  But this only works if you are prepared to hold out to the very very very last minute; and you can act fast to prevent the reapers axe actually coming down. 
The idea he will take CK's terms like-for-like is for the birds.      
 
 
 
 
  
 
 
 

Thank you for the welcome.  I don't take it as critical at all ?
I try not to deal in things I don't know.     I have no idea of who paid what to who etc.  Nor do you.  Reports in The Sun are not reliable - "my source has told me" does not make it true. Other reports contradict.  
My Bale/Messi comment is a rhetorical way of pointing out that CK feels a little too good to be true.  Not saying he is.  Would jump for joy if he isn't.   

Hello everyone.  Nice to meet you all.  Found this forum a week or so ago, and in the circumstances have been reading frequently.
I do believe there is, perhaps understandably, a mismatch between business reality and fans wanting to "save our club".  Some of the business people involved also care deeply about football, and some this club; but business comes first and their backers are not going to want to "donate" monies beyond the relative value of the proposition.  
I work in financial services and investment.  I have previously worked at a global accountancy firm, where I for a while sat next to a company administrator - no, not Q - so have some familiarity with how these processes work in general terms. 
My analysis: is DCFC has VERY large debts.  DCFC has virtually no tangible assets.  Those we do have are players (if very few!).  On liquidation, unlike with other firms in most normal industries, those assets can leave for free on liquidation - so valueless to a liquidator.  We have considerable brand value (30k matchday attendees), all those here etc etc.  That brand value dies on liquidation, if EFL does not allow re-entry at L2.  Unlike with most businesses, the name cannot simply be sold as a way to pay creditors.
There is an old maxim: if I owe the bank £10,000, I have a problem; If I owe the bank a £1billion, the bank has a problem. That applies here.  On liquidation, the creditors get nothing.  Think about it, the players have no value and we don't own the ground.  We are left with paying £100m or whatever it is from old replica kits from the Superstore.
Ashley knows this, too.  As do all the buyers.  The reality is someone needs to be screwed here.  Liquidation screws everyone, but the admins need to extract as much as they can.  And so along strides a wonderful American who will generously pay a nice amount to said creditors for a L1 club.  No points deduction.  Keep Rooney.  40 new players.  He might as well throw Bale in to the mix as well, and consider putting a bit in for Messi.  It feels - not saying it is - a little too good to be true.  He is offering to be the one financially screwed for the greater good of everyone else.  And on cue the money doesn't turn up... makes you wonder.
What, in my opinion, this club has needed since January is to have the real crunch liquidation point - the club will liquidate on x date without x monies.  At the moment, creditors are thinking "I can get a 'good' deal from some naive mug" and are not considering the real haircut they are going to need to take to get some monies back, maybe 5 or 10p in the pound.  Once a potential vulture owner decides to accept the points deduction, why offer the creditors any less than a completely derisory offer (you get them to their lowest point before they refuse on principle)?  The points deduction will be the same.
This is Ashley's strategy (and probably everyone else bar CK).  He is planning to screw the creditors.  But this only works if you are prepared to hold out to the very very very last minute; and you can act fast to prevent the reapers axe actually coming down. 
The idea he will take CK's terms like-for-like is for the birds.      
 
 
 
 
  
 
 
 

My point regards liquidation and the threat thereof. DCFC brand has considerable value as a football club; it has no value if it is not a football club (and has been liquidated).  Going to division 14, no one is going to pay for that brand in that league.
Players have no value if they can leave on liquidation. 
 

Hello everyone.  Nice to meet you all.  Found this forum a week or so ago, and in the circumstances have been reading frequently.
I do believe there is, perhaps understandably, a mismatch between business reality and fans wanting to "save our club".  Some of the business people involved also care deeply about football, and some this club; but business comes first and their backers are not going to want to "donate" monies beyond the relative value of the proposition.  
I work in financial services and investment.  I have previously worked at a global accountancy firm, where I for a while sat next to a company administrator - no, not Q - so have some familiarity with how these processes work in general terms. 
My analysis: is DCFC has VERY large debts.  DCFC has virtually no tangible assets.  Those we do have are players (if very few!).  On liquidation, unlike with other firms in most normal industries, those assets can leave for free on liquidation - so valueless to a liquidator.  We have considerable brand value (30k matchday attendees), all those here etc etc.  That brand value dies on liquidation, if EFL does not allow re-entry at L2.  Unlike with most businesses, the name cannot simply be sold as a way to pay creditors.
There is an old maxim: if I owe the bank £10,000, I have a problem; If I owe the bank a £1billion, the bank has a problem. That applies here.  On liquidation, the creditors get nothing.  Think about it, the players have no value and we don't own the ground.  We are left with paying £100m or whatever it is from old replica kits from the Superstore.
Ashley knows this, too.  As do all the buyers.  The reality is someone needs to be screwed here.  Liquidation screws everyone, but the admins need to extract as much as they can.  And so along strides a wonderful American who will generously pay a nice amount to said creditors for a L1 club.  No points deduction.  Keep Rooney.  40 new players.  He might as well throw Bale in to the mix as well, and consider putting a bit in for Messi.  It feels - not saying it is - a little too good to be true.  He is offering to be the one financially screwed for the greater good of everyone else.  And on cue the money doesn't turn up... makes you wonder.
What, in my opinion, this club has needed since January is to have the real crunch liquidation point - the club will liquidate on x date without x monies.  At the moment, creditors are thinking "I can get a 'good' deal from some naive mug" and are not considering the real haircut they are going to need to take to get some monies back, maybe 5 or 10p in the pound.  Once a potential vulture owner decides to accept the points deduction, why offer the creditors any less than a completely derisory offer (you get them to their lowest point before they refuse on principle)?  The points deduction will be the same.
This is Ashley's strategy (and probably everyone else bar CK).  He is planning to screw the creditors.  But this only works if you are prepared to hold out to the very very very last minute; and you can act fast to prevent the reapers axe actually coming down. 
The idea he will take CK's terms like-for-like is for the birds.      
 
 
 
 
  
 
 
 

Hello everyone.  Nice to meet you all.  Found this forum a week or so ago, and in the circumstances have been reading frequently.
I do believe there is, perhaps understandably, a mismatch between business reality and fans wanting to "save our club".  Some of the business people involved also care deeply about football, and some this club; but business comes first and their backers are not going to want to "donate" monies beyond the relative value of the proposition.  
I work in financial services and investment.  I have previously worked at a global accountancy firm, where I for a while sat next to a company administrator - no, not Q - so have some familiarity with how these processes work in general terms. 
My analysis: is DCFC has VERY large debts.  DCFC has virtually no tangible assets.  Those we do have are players (if very few!).  On liquidation, unlike with other firms in most normal industries, those assets can leave for free on liquidation - so valueless to a liquidator.  We have considerable brand value (30k matchday attendees), all those here etc etc.  That brand value dies on liquidation, if EFL does not allow re-entry at L2.  Unlike with most businesses, the name cannot simply be sold as a way to pay creditors.
There is an old maxim: if I owe the bank £10,000, I have a problem; If I owe the bank a £1billion, the bank has a problem. That applies here.  On liquidation, the creditors get nothing.  Think about it, the players have no value and we don't own the ground.  We are left with paying £100m or whatever it is from old replica kits from the Superstore.
Ashley knows this, too.  As do all the buyers.  The reality is someone needs to be screwed here.  Liquidation screws everyone, but the admins need to extract as much as they can.  And so along strides a wonderful American who will generously pay a nice amount to said creditors for a L1 club.  No points deduction.  Keep Rooney.  40 new players.  He might as well throw Bale in to the mix as well, and consider putting a bit in for Messi.  It feels - not saying it is - a little too good to be true.  He is offering to be the one financially screwed for the greater good of everyone else.  And on cue the money doesn't turn up... makes you wonder.
What, in my opinion, this club has needed since January is to have the real crunch liquidation point - the club will liquidate on x date without x monies.  At the moment, creditors are thinking "I can get a 'good' deal from some naive mug" and are not considering the real haircut they are going to need to take to get some monies back, maybe 5 or 10p in the pound.  Once a potential vulture owner decides to accept the points deduction, why offer the creditors any less than a completely derisory offer (you get them to their lowest point before they refuse on principle)?  The points deduction will be the same.
This is Ashley's strategy (and probably everyone else bar CK).  He is planning to screw the creditors.  But this only works if you are prepared to hold out to the very very very last minute; and you can act fast to prevent the reapers axe actually coming down. 
The idea he will take CK's terms like-for-like is for the birds.      
 
 
 
 
  
 
 
 

Hello everyone.  Nice to meet you all.  Found this forum a week or so ago, and in the circumstances have been reading frequently.
I do believe there is, perhaps understandably, a mismatch between business reality and fans wanting to "save our club".  Some of the business people involved also care deeply about football, and some this club; but business comes first and their backers are not going to want to "donate" monies beyond the relative value of the proposition.  
I work in financial services and investment.  I have previously worked at a global accountancy firm, where I for a while sat next to a company administrator - no, not Q - so have some familiarity with how these processes work in general terms. 
My analysis: is DCFC has VERY large debts.  DCFC has virtually no tangible assets.  Those we do have are players (if very few!).  On liquidation, unlike with other firms in most normal industries, those assets can leave for free on liquidation - so valueless to a liquidator.  We have considerable brand value (30k matchday attendees), all those here etc etc.  That brand value dies on liquidation, if EFL does not allow re-entry at L2.  Unlike with most businesses, the name cannot simply be sold as a way to pay creditors.
There is an old maxim: if I owe the bank £10,000, I have a problem; If I owe the bank a £1billion, the bank has a problem. That applies here.  On liquidation, the creditors get nothing.  Think about it, the players have no value and we don't own the ground.  We are left with paying £100m or whatever it is from old replica kits from the Superstore.
Ashley knows this, too.  As do all the buyers.  The reality is someone needs to be screwed here.  Liquidation screws everyone, but the admins need to extract as much as they can.  And so along strides a wonderful American who will generously pay a nice amount to said creditors for a L1 club.  No points deduction.  Keep Rooney.  40 new players.  He might as well throw Bale in to the mix as well, and consider putting a bit in for Messi.  It feels - not saying it is - a little too good to be true.  He is offering to be the one financially screwed for the greater good of everyone else.  And on cue the money doesn't turn up... makes you wonder.
What, in my opinion, this club has needed since January is to have the real crunch liquidation point - the club will liquidate on x date without x monies.  At the moment, creditors are thinking "I can get a 'good' deal from some naive mug" and are not considering the real haircut they are going to need to take to get some monies back, maybe 5 or 10p in the pound.  Once a potential vulture owner decides to accept the points deduction, why offer the creditors any less than a completely derisory offer (you get them to their lowest point before they refuse on principle)?  The points deduction will be the same.
This is Ashley's strategy (and probably everyone else bar CK).  He is planning to screw the creditors.  But this only works if you are prepared to hold out to the very very very last minute; and you can act fast to prevent the reapers axe actually coming down. 
The idea he will take CK's terms like-for-like is for the birds.      
 
 
 
 
  
 
 
 

Hello everyone.  Nice to meet you all.  Found this forum a week or so ago, and in the circumstances have been reading frequently.
I do believe there is, perhaps understandably, a mismatch between business reality and fans wanting to "save our club".  Some of the business people involved also care deeply about football, and some this club; but business comes first and their backers are not going to want to "donate" monies beyond the relative value of the proposition.  
I work in financial services and investment.  I have previously worked at a global accountancy firm, where I for a while sat next to a company administrator - no, not Q - so have some familiarity with how these processes work in general terms. 
My analysis: is DCFC has VERY large debts.  DCFC has virtually no tangible assets.  Those we do have are players (if very few!).  On liquidation, unlike with other firms in most normal industries, those assets can leave for free on liquidation - so valueless to a liquidator.  We have considerable brand value (30k matchday attendees), all those here etc etc.  That brand value dies on liquidation, if EFL does not allow re-entry at L2.  Unlike with most businesses, the name cannot simply be sold as a way to pay creditors.
There is an old maxim: if I owe the bank £10,000, I have a problem; If I owe the bank a £1billion, the bank has a problem. That applies here.  On liquidation, the creditors get nothing.  Think about it, the players have no value and we don't own the ground.  We are left with paying £100m or whatever it is from old replica kits from the Superstore.
Ashley knows this, too.  As do all the buyers.  The reality is someone needs to be screwed here.  Liquidation screws everyone, but the admins need to extract as much as they can.  And so along strides a wonderful American who will generously pay a nice amount to said creditors for a L1 club.  No points deduction.  Keep Rooney.  40 new players.  He might as well throw Bale in to the mix as well, and consider putting a bit in for Messi.  It feels - not saying it is - a little too good to be true.  He is offering to be the one financially screwed for the greater good of everyone else.  And on cue the money doesn't turn up... makes you wonder.
What, in my opinion, this club has needed since January is to have the real crunch liquidation point - the club will liquidate on x date without x monies.  At the moment, creditors are thinking "I can get a 'good' deal from some naive mug" and are not considering the real haircut they are going to need to take to get some monies back, maybe 5 or 10p in the pound.  Once a potential vulture owner decides to accept the points deduction, why offer the creditors any less than a completely derisory offer (you get them to their lowest point before they refuse on principle)?  The points deduction will be the same.
This is Ashley's strategy (and probably everyone else bar CK).  He is planning to screw the creditors.  But this only works if you are prepared to hold out to the very very very last minute; and you can act fast to prevent the reapers axe actually coming down. 
The idea he will take CK's terms like-for-like is for the birds.      
 
 
 
 
  
 
 
 

Hello everyone.  Nice to meet you all.  Found this forum a week or so ago, and in the circumstances have been reading frequently.
I do believe there is, perhaps understandably, a mismatch between business reality and fans wanting to "save our club".  Some of the business people involved also care deeply about football, and some this club; but business comes first and their backers are not going to want to "donate" monies beyond the relative value of the proposition.  
I work in financial services and investment.  I have previously worked at a global accountancy firm, where I for a while sat next to a company administrator - no, not Q - so have some familiarity with how these processes work in general terms. 
My analysis: is DCFC has VERY large debts.  DCFC has virtually no tangible assets.  Those we do have are players (if very few!).  On liquidation, unlike with other firms in most normal industries, those assets can leave for free on liquidation - so valueless to a liquidator.  We have considerable brand value (30k matchday attendees), all those here etc etc.  That brand value dies on liquidation, if EFL does not allow re-entry at L2.  Unlike with most businesses, the name cannot simply be sold as a way to pay creditors.
There is an old maxim: if I owe the bank £10,000, I have a problem; If I owe the bank a £1billion, the bank has a problem. That applies here.  On liquidation, the creditors get nothing.  Think about it, the players have no value and we don't own the ground.  We are left with paying £100m or whatever it is from old replica kits from the Superstore.
Ashley knows this, too.  As do all the buyers.  The reality is someone needs to be screwed here.  Liquidation screws everyone, but the admins need to extract as much as they can.  And so along strides a wonderful American who will generously pay a nice amount to said creditors for a L1 club.  No points deduction.  Keep Rooney.  40 new players.  He might as well throw Bale in to the mix as well, and consider putting a bit in for Messi.  It feels - not saying it is - a little too good to be true.  He is offering to be the one financially screwed for the greater good of everyone else.  And on cue the money doesn't turn up... makes you wonder.
What, in my opinion, this club has needed since January is to have the real crunch liquidation point - the club will liquidate on x date without x monies.  At the moment, creditors are thinking "I can get a 'good' deal from some naive mug" and are not considering the real haircut they are going to need to take to get some monies back, maybe 5 or 10p in the pound.  Once a potential vulture owner decides to accept the points deduction, why offer the creditors any less than a completely derisory offer (you get them to their lowest point before they refuse on principle)?  The points deduction will be the same.
This is Ashley's strategy (and probably everyone else bar CK).  He is planning to screw the creditors.  But this only works if you are prepared to hold out to the very very very last minute; and you can act fast to prevent the reapers axe actually coming down. 
The idea he will take CK's terms like-for-like is for the birds.      
 
 
 
 
  
 
 
 

Hello everyone.  Nice to meet you all.  Found this forum a week or so ago, and in the circumstances have been reading frequently.
I do believe there is, perhaps understandably, a mismatch between business reality and fans wanting to "save our club".  Some of the business people involved also care deeply about football, and some this club; but business comes first and their backers are not going to want to "donate" monies beyond the relative value of the proposition.  
I work in financial services and investment.  I have previously worked at a global accountancy firm, where I for a while sat next to a company administrator - no, not Q - so have some familiarity with how these processes work in general terms. 
My analysis: is DCFC has VERY large debts.  DCFC has virtually no tangible assets.  Those we do have are players (if very few!).  On liquidation, unlike with other firms in most normal industries, those assets can leave for free on liquidation - so valueless to a liquidator.  We have considerable brand value (30k matchday attendees), all those here etc etc.  That brand value dies on liquidation, if EFL does not allow re-entry at L2.  Unlike with most businesses, the name cannot simply be sold as a way to pay creditors.
There is an old maxim: if I owe the bank £10,000, I have a problem; If I owe the bank a £1billion, the bank has a problem. That applies here.  On liquidation, the creditors get nothing.  Think about it, the players have no value and we don't own the ground.  We are left with paying £100m or whatever it is from old replica kits from the Superstore.
Ashley knows this, too.  As do all the buyers.  The reality is someone needs to be screwed here.  Liquidation screws everyone, but the admins need to extract as much as they can.  And so along strides a wonderful American who will generously pay a nice amount to said creditors for a L1 club.  No points deduction.  Keep Rooney.  40 new players.  He might as well throw Bale in to the mix as well, and consider putting a bit in for Messi.  It feels - not saying it is - a little too good to be true.  He is offering to be the one financially screwed for the greater good of everyone else.  And on cue the money doesn't turn up... makes you wonder.
What, in my opinion, this club has needed since January is to have the real crunch liquidation point - the club will liquidate on x date without x monies.  At the moment, creditors are thinking "I can get a 'good' deal from some naive mug" and are not considering the real haircut they are going to need to take to get some monies back, maybe 5 or 10p in the pound.  Once a potential vulture owner decides to accept the points deduction, why offer the creditors any less than a completely derisory offer (you get them to their lowest point before they refuse on principle)?  The points deduction will be the same.
This is Ashley's strategy (and probably everyone else bar CK).  He is planning to screw the creditors.  But this only works if you are prepared to hold out to the very very very last minute; and you can act fast to prevent the reapers axe actually coming down. 
The idea he will take CK's terms like-for-like is for the birds.