atherstoneram

5 minutes ago, rammieib said:

How does the value of the club actually change when the £28m is there to pay off debt? That £28m bill is there regardless of the division we are in.

Can anyone explain this in a way I've not understood it?

If a bidder comes to an agreement regarding a payment plan it gets even harder if we are relegated due to less TV money,less TV coverage leads to less sponsorship money as the adverts are not reaching the figures they do in the championship. Out of contract players less likely to renew contracts so the administrators say the club is not viable going forward due to the large amount of debt to be serviced.

55 minutes ago, B4ev6is said:

But for me the sooner they take over is done the better and they will get there money back through ticket sales. 

I think rooney will stay he turned them down already and plus Lampard has taken over there.

Could never see Rooney leaving mid season however once the season is over whether we are still in the championship or League One Rooney may think he has done his job.What he has achieved this season will not have gone unnoticed by other owners.

1 hour ago, Jimbo Ram said:

Ashley’s representative implied they were looking to sort the takeover quickly. 

The administrators won't sell the club for a pittance,if Ashley wants to buy the club on the cheap there won't be a club to buy as we know it.

5 hours ago, Ghost of Clough said:

That's 9 of the starting 11 from the weekend.

Only Bird, Bielik, Knight and Sibley contracted beyond the summer from the first team squad.

If we go down i wonder if Bielik has a relegation release clause in his contract.

6 hours ago, Sparkle said:

It is an assumption that they are paying their bills as it is an assumption that every other football club is paying their bills and the EFL wouldn’t know if they weren’t at this point 

And until we know otherwise it's understandable to think that they are paying their bills, that's why they can recruit players. If it comes to the time they are not then they will have the same embargoes placed upon them.

19 minutes ago, PistoldPete said:

Yeah not your fault. EFL use "transfer embargo" to mean anything that stops us (although apparently not Reading) keeping players as well as signing them, which is wrong.  

Reading are paying their bills and are not in administration.Our situation and theirs are totally different.

If we go down can we afford to keep him with the reported salary that he is on. Is there a relegation clause in his contract or will he volunteer to take a pay cut?

11 hours ago, winktheram said:

I 'heard' it's not Ashley screwing down a deal, his bid is in. The new spanner in the works was a last minute bid by Dell (msd) l. Would make sense as they are the major creditor with money already in he club and the stadium. 

Thought Dell was part of the American consortium interested in buying Chelsea.

2 hours ago, Ghost of Clough said:

L1 restrictions are irrelevant. An owner can inject as much into the club as he wants to stay the right side of the 70% limit. Yes, it's 70%, not 60%, for recently relegated sides. 

The limitation is sticking to the Championship's P&S rules. You can spend £100m in L1 without any punishment. But, once in the Championship you'd then fail P&S due to difference allowances.

Either way, we'd still have the biggest budget in L1 if we do end up in that division.

Not for next season they can't they are restricted to operating within the agreed business plan with the EFL.  

1 minute ago, Tamworthram said:

But my point was, if the offer is below what the creditors are “willing to accept” and we end up in liquidation, they’ll end up with next to zero. In liquidation, the assets available to unsecured creditors, add up to diddly squat don’t they? The creditors will not be happy but I’m sure they’ll realise that an offer of say 20p in the pound is better than they’ll get in liquidation.

As I say, I don’t know if staying in administration longer and trying to find another buyer is an option.

There is no way HMRC will accept 20%. The unsecured creditors are going to end up with next to nothing anyway.

8 minutes ago, Tamworthram said:

I guess it’s a case of who blinks first, how much the bidders want the deal and what’s the maximum they’re prepared to go to.

As far as the creditors are concerned, they either reach an agreement and get some of their money back or allow the club to go into liquidation. If that happened, surely the unsecured creditors would end up with nothing. Is remaining in administration longer and trying to find a new bidder an option?

I think that could be the stalling point now,the administrators will know how much the creditors are willing to accept. The unsecured creditors are only going to get a few pence in the pound anyway.

2 minutes ago, hintonsboots said:

Quantuma HR department will be offering you a job.

No thank you, i couldn't deal with entitled fans who believe they have a right to know

2 minutes ago, hintonsboots said:

It’s a dilemma as without the fans there is no point in rescuing the club, but many business deals are kept confidential until the last minute. I think Andrew Hosking could explain why his previous timescales have gone up in smoke though.

The time for asking that is when there is an outcome one way or another,he won't comment at this time while negotiations are still ongoing.

Just now, TexasRam said:

I completely disagree, but maybe you’re right and we should all sit quiet on our hands until our masters are willing to give us a crumb of communication.  

There is nothing that we can do apart from sit on our hands and wait for news.

4 minutes ago, Gritstone Tup said:

It frustrates me that the administrators could have thrown MM under the bus and started over again with a clean sheet. But as you say, we are still being tarnished with Mels cheating instead of moving forward after a dreadful situation.

I don't see how the administrators could have thrown MM under the bus,as soon as he put the club in administration he relinquished all responsibility.

Just now, TexasRam said:

I know they don’t, doesn’t change the fact I think we should know what is effecting the future of our football club (ours not theirs).

We can go round in circles even though you are a supporter of the club it still doesn't give you any rights as to what is affecting the delay.

Just now, TexasRam said:

What’s confidential? Well keeping quiet has worked wonders so far hasn’t it. 

No matter what you think,they do not have a legal or moral responsibility to tell us anything.

Just now, TexasRam said:

Why wouldn’t they, nothing to hide is there? 

How do we know,confidentiality for a start.

Just now, PistoldPete said:

Well yes. But you referred to the  consequence of being "thrown out of the League". Which is down to EFL.

If we weren't the owners/chairmen of the other 71 clubs would erupt, they haven't actually been showing any support of the situation we are in and to the majority it will be a case of "they deserve it"

Just now, PistoldPete said:

I don't see the administrators would liquidate the club if there are offers on the table.

They have to get the creditors to accept what is offered,if they don't accept then there is no deal.

4 minutes ago, PistoldPete said:

Up to 15 point deduction is if pay less than 25% to non football creditors.

It's not that simple.

2 minutes ago, Tyler Durden said:

Two things with that comment, firstly would be suitors are effectively buying debts which is never going to lead to a stampede of interested candidates and secondly there are suitors willing to buy us but if the price is right for them.

If they hope to get us on the cheap and the offer is too low i thought the administrators sill have the option to liquidate the club.

34 minutes ago, Kathcairns said:

Not sure how this works, if they withdraw our golden ticket are we thrown out of EFL altogether or just the championship. If someone then comes in with a lower offer that dosnt give 25% do we start in league 2 then.

Thought we were thrown out of the league altogether.

1 hour ago, TexasRam said:

Name these hurdles admins, no need to keep us in the dark any longer. 

Yes,they are really going to make those hurdles public,they can keep us in the dark as long as they want. 

1 hour ago, B4ev6is said:

Well I just heard on radio derby have enough money to last the season and we are able to trade again.

Don't think we are,all we have confirmed is we have funds to see the season out.