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1967RAMS

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  1. Clap
    1967RAMS reacted to i-Ram in The Administration Thread   
    Steve Morgan is our Chairman, he wears a philanthropic hat
    He was a Housebuilder and then a Wolverhampton t**t
    He bought us for a fortune; he thought us worth a punt
    After Morris left us potless, the stupid f**cking c**t
  2. Haha
    1967RAMS reacted to Foreveram in Keep postive everyone things will get better   
    By 5pm if possible.
  3. Haha
    1967RAMS reacted to B4ev6is in The Administration Thread   
    What so funny about with laughing face on it.
  4. Haha
    1967RAMS reacted to B4ev6is in The Administration Thread   
    Well I think personal that to confirm maybe a new deal struck already and maybe who ever it is paid whole lot in one go.
  5. Haha
    1967RAMS reacted to B4ev6is in The Administration Thread   
    Or Is it to force mel to cough the funds to get rid of these debts built up and to pay Q as well.
  6. Clap
    1967RAMS reacted to alram in The Administration Thread   
    from this point forward can we as a fan base promise to stop ignoring red flags when they are staring us in the face
  7. Haha
    1967RAMS reacted to StaffsRam in The Administration Thread   
  8. Haha
    1967RAMS reacted to StaffsRam in The Administration Thread   
  9. Haha
    1967RAMS reacted to CornwallRam in The Administration Thread   
    About 1776, although it wouldn't be internationally recognised until 1782.
  10. Haha
    1967RAMS reacted to Gaspode in The Administration Thread   
    Yep - nobody answering the phone at the bank - all out having pizza for Sue's retirement lunch....
  11. Haha
    1967RAMS reacted to i-Ram in The Administration Thread   
    I don't doubt his integrity, but I am under the impression that Alf is now in his 70's. That's the kind of age that when the crotch of your trousers is wet you are looking out through the window to see if it is raining.
  12. Clap
    1967RAMS reacted to PistoldPete in The Administration Thread   
    It is the EFL who has threatened to withdraw the golden share despite the fact that even now player wages are paid up to date. So the clock should not even have started to tick unless and until we start to have Cashflow problems. 

    it is the EFL which has slowed the process with points deductions , embargo’s and indulging the Boro and Wycombe claims. 
     
    and obviously the key point as you say is they are not independent, they represent the interests of the other71 and themselves. 
     
     
  13. Haha
    1967RAMS reacted to Norman in The Administration Thread   
    Creditor bill is the bill for the creditors. 
    35% is 65% less than 100%. 
    Hope this helps. 
  14. Haha
    1967RAMS reacted to Gaspode in The Administration Thread   
    Mate - we've got the message that you don't like Ashley - how about you give your crusade a bit of a rest now?.....
  15. Clap
  16. Haha
    1967RAMS reacted to CBX1985 in The Administration Thread   
    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. ? 
  17. Haha
    1967RAMS reacted to Mucker1884 in The Administration Thread   
    Wow!
    I take a 16 day holiday, with my club facing oblivion, and return to find we are now almost saved, and this whole sorry mess is all but over!
    I have to say what a pleasant surprise.  This hasn't taken anywhere near as long as I feared.  Well done Q!
    ???
  18. Clap
    1967RAMS reacted to mwram1973 in The Administration Thread   
    What, Spending most of the time in the prem and for 2 seasons being champions of the championship, then selling us for £300 mill??
    As apposed to someone who loved the club, left us relegated, millions in debt and with 5 contracted players.
    Yeah tough one innit 
  19. Clap
    1967RAMS reacted to mwram1973 in The Administration Thread   
    No, you don't want him, personally i'd welcome him with open arms
    Utter tosh,
  20. Clap
    1967RAMS reacted to CBX1985 in The Administration Thread   
    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.      
     
     
     
     
      
     
     
     
  21. Haha
    1967RAMS reacted to RadioactiveWaste in IS IT TIME FOR ANOTHER MARCH?   
    It's June now, march is ages away.
  22. Haha
    1967RAMS reacted to strawhillram in The Administration Thread   
    pooper
  23. Haha
    1967RAMS reacted to Mick Brolly in The Administration Thread   
    Ftfy
  24. Haha
    1967RAMS reacted to Ramos in The Administration Thread   
    Isnt he in the UK? That’s where the golf is wasn’t it ?
  25. Haha
    1967RAMS reacted to cosmic in The Administration Thread   
    Bit harsh ?
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