EtoileSportiveDeDerby
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EtoileSportiveDeDerby reacted to ariotofmyown in The coronabrexit thread. I mean, coronavirus thread
Give it a rest, if you can't trust Johnson, who can you trust!
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EtoileSportiveDeDerby reacted to ariotofmyown in The coronabrexit thread. I mean, coronavirus thread
"Boris Johnson has urged people to get their booster vaccine as he said up to 90% of those in intensive care had not had their third Covid jabs."
No need to fact check this one, Johnson always tells the truth, that's why he's the PM.
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EtoileSportiveDeDerby reacted to one_chop in Alan Nixon Breaks Silence on American Billionaire Bid
Naturally pessimistic and riddled with bad luck. If I won the lottery on the Saturday there would be a nuclear war on the Monday.
I'm old enough to have enjoyed the Arthur Cox year's and the Jim Smith revival but disappointed since hence the gloom.
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EtoileSportiveDeDerby reacted to Mihangel in Alan Nixon Breaks Silence on American Billionaire Bid
Best grammatical error I've seen in some time, chapeau!
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EtoileSportiveDeDerby reacted to hintonsboots in The Administration Thread
Latest update for @Anag Ram, the Mitchell brothers are still waiting to be released.
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EtoileSportiveDeDerby reacted to Grumpy Git in Cashin’s tackle on Clarke
As somone who first went to the BBG in the late 1960's, I'd rank that as a 'minor coming together'.
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EtoileSportiveDeDerby reacted to ramit in The coronabrexit thread. I mean, coronavirus thread
Lets say you are correct and i believe that you are, the question becomes why would they lie, why would they want further restrictions, if there is no need for them?
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EtoileSportiveDeDerby reacted to ariotofmyown in The coronabrexit thread. I mean, coronavirus thread
My 96 year old Nan started having symptoms on Xmas Eve and tested positive on Xmas day. Didn't sound good when I spoke to her on Xmas Day, but she sounds almost fully recovered now. Hopefully milder variant, plus 2 jabs and a booster, means we might be on our way home.
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EtoileSportiveDeDerby reacted to Bob The Badger in The coronabrexit thread. I mean, coronavirus thread
Yeah, I think I'd have kept schtum on that one and insisted I was feeling better.
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EtoileSportiveDeDerby reacted to Anag Ram in Alan Nixon Breaks Silence on American Billionaire Bid
Is she keeping the Mitchell brothers hostage?
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EtoileSportiveDeDerby reacted to eccles the ram in Alan Nixon Breaks Silence on American Billionaire Bid
Who nicked her typewriter?
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EtoileSportiveDeDerby reacted to i-Ram in Alan Nixon Breaks Silence on American Billionaire Bid
How you see it is incorrect on a great many levels. I will work through it in order for you, so you stop posting misleading information as fact.
The stadium is owned by a company Gellaw Newco 202 Ltd. Gellaw Newco 202 Ltd has one director (guess who?) but that company is actually owned by Gellaw Newco 204 Ltd. Gellaw Newco 204 Ltd has one director (guess who?) and the shares of the company are in control of one shareholder (l won’t ask you to guess, because I think you will know by now where it is going).
Both Gellaw Newco 202 Ltd and Gellaw Newco 204 Ltd have entered in to security arrangements with MSD on a third party basis. But it is the Football Club in Administration who owes MSD the debt that needs to be repaid (or refinanced or renegotiated at some stage). The Football Club is who has the loan and has also given a charge over its assets to MSD, independent of the security given to MSD by the two Gellaw Companies.
Neither of the Gellaw companies has transferred its ownership in the stadium to MSD under a fixed and floating charge. Yes MSD has an enforceable charge, but they haven’t enforced it. Indeed my understanding is that MSD have been prepared to advance a further sum to the Football Club in Administration in recent months, so I doubt very much that the advance is in current default. The stadium remains in the ownership of Gellaw Newco 202 Ltd, which in turn is ultimately in control of Mel Morris. I have checked these facts against Companies House and District Land Registry records today.
You say: so MSD has total and utter control over the stadium. If it is sold, where does the money go? No, not to MM. It goes to MSD and after that (I think this is right) it has to be used by the company to satisfy creditors, namely the club. None of this statement is correct. Until MSD enforces it’s security Morris has some control albeit limited. He could however do a few things of importance. Gellaw Newco 202 Ltd could sell the stadium to another unconnected individual or company or to Morris or another company vehicle of Morris’s and MSD would surely agree if the outstanding loan was cleared as part of the sale. Why wouldn’t they? Such a transaction might see Gellaw Newco 202 Ltd sell the stadium at a premium (sale price less costs less MSD repayment). But none of that premium is available to the Football Club creditors. They are a completely different entity. They are not entitled to any of Gellaw’s assets - that is why those companies are not subject to the Administration process. Morris was clever to keep the Gellaw companies stadium owning operations disconnected from the Football Club’s trading operations.
Just one other thing which might be important to know. In Law the MSD debt should in the first place be repaid from any asset realisations of the Football Club. Only if there is a shortfall after that can they exercise a claim against the Gellaw Companies for any shortfall. Morris could waive those third party security rights if he wanted.
So in summary, Morris still ultimately owns the stadium, he still has an element of control and influence over the current administrative proceedings, and he could still own the stadium post administration (or dare I say liquidation). The bloke is a messer, indeed some say a proper duck job, but as matters stand whilst he has lost a load of cash with his gambles to date, he currently has some decent cards in his hands he could play if he wanted to recover at least some of his monies. How he plays his hand in the future we will see.
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EtoileSportiveDeDerby reacted to Eddie in Alan Nixon Breaks Silence on American Billionaire Bid
Calling somebody a clownfish?
That's hake-speech.
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EtoileSportiveDeDerby reacted to Eddie in Alan Nixon Breaks Silence on American Billionaire Bid
I've tried, cod I've tried, barracudan't leave them alone.
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EtoileSportiveDeDerby reacted to sage in Player Ratings #23: vs WBA (H)
I'd have give him a 10 if he had used the towel a second time
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EtoileSportiveDeDerby reacted to Comrade 86 in Player Ratings #23: vs WBA (H)
Allsop 12
Byrne 10
Forsyth 11
Stearman 11.5
Davies 10
Thompson 10
Bird 10
Ebosele 10
Knight 10
Baldock 10
Plange 10
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EtoileSportiveDeDerby got a reaction from Comrade 86 in Proud
Yep. Nowt special and we also turned over Bournemouth. It just shows what can be done in a poor league, if only we could play without all those restrictions and the sh!te off the pitch
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EtoileSportiveDeDerby reacted to Eaststander7 in The Administration Thread
Exactly - he’s had to scrape the barrel! All of this is nothing to do with Rooney! It’s Mel who left us in this financial mess!
Re curtis - Rooney still resigned him whatever…and the signing of jags was top drawer given our limitations
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EtoileSportiveDeDerby reacted to May Contain Nuts in West Bromwich Albion (H) Matchday Thread
Well done Rooney on making the right subs and them having a positive effect on the game. Progress, good to see.