Derbados Posted December 20, 2021 Share Posted December 20, 2021 Looking at settlements for Boro and Wycombe as the legal process will take to long. That makes me feel physically sick RoyMac5, Crewton, Abu Derby and 13 others 12 4 Link to comment Share on other sites More sharing options...
Tyler Durden Posted December 20, 2021 Share Posted December 20, 2021 I'm not venting my spleen at the administrators as they are only at the football club at all because of one person but so far they've been really poor at managing expectations. Cynically too the longer it drags on the greater their whack. Comrade 86, Abu Derby, eccles the ram and 3 others 2 4 Link to comment Share on other sites More sharing options...
atherstoneram Posted December 20, 2021 Share Posted December 20, 2021 1 minute ago, Tyler Durden said: I'm not venting my spleen at the administrators as they are only at the football club at all because of one person but so far they've been really poor at managing expectations. Cynically too the longer it drags on the greater their whack. The web that MM weaved has probably been bigger than originally identified. Tyler Durden and RAM1966 2 Link to comment Share on other sites More sharing options...
Tyler Durden Posted December 20, 2021 Share Posted December 20, 2021 3 minutes ago, Derbados said: Looking at settlements for Boro and Wycombe as the legal process will take to long. That makes me feel physically sick They both have opportunist owners who would have factored that in. It does come across as very distasteful if that's the correct word. Crewton 1 Link to comment Share on other sites More sharing options...
Boycie Posted December 20, 2021 Share Posted December 20, 2021 28 minutes ago, i-Ram said: Another secretary not good with dictation? Dictaphone? i-Ram 1 Link to comment Share on other sites More sharing options...
I know nuffin Posted December 20, 2021 Share Posted December 20, 2021 Does anybody know the difference between a CVA and restructuring please Link to comment Share on other sites More sharing options...
Van der MoodHoover Posted December 20, 2021 Share Posted December 20, 2021 1 minute ago, Boycie said: Dictaphone? Nah, gets stuck in the dial.... ? Boycie 1 Link to comment Share on other sites More sharing options...
Kernow Posted December 20, 2021 Author Share Posted December 20, 2021 Consensual agreement with Boro and Wycombe? Why don't we tell the chancer bar stewards to do one? Paying them a single penny for their absurd claims would be a travesty and an embarrassment. Steve How Hard?, RoyMac5, ram59 and 21 others 10 14 Link to comment Share on other sites More sharing options...
kevinhectoring Posted December 20, 2021 Share Posted December 20, 2021 1 hour ago, Ambitious said: I believe that's why the HMRC pushed so much for the change so that they are entitled to their money Sure HMRC will get more under the new rules in most situations. That doesn’t mean they get everything back I know nuffin 1 Link to comment Share on other sites More sharing options...
kevinhectoring Posted December 20, 2021 Share Posted December 20, 2021 (edited) 8 minutes ago, I know nuffin said: Does anybody know the difference between a CVA and restructuring please Yes restructuring is a broad term describing a process whereby a company that’s bust gets back on its feet. CVA is a specific legal process that allows creditor claims to be compromised by 75% agreement. A CVA is often a feature of a restructuring. Quicker for you to look at Wikipedia thb ? Edited December 20, 2021 by kevinhectoring I know nuffin 1 Link to comment Share on other sites More sharing options...
Carnero Posted December 20, 2021 Share Posted December 20, 2021 9 minutes ago, Tyler Durden said: they've been really poor at managing expectations. This. RadioactiveWaste and Tyler Durden 2 Link to comment Share on other sites More sharing options...
Gaspode Posted December 20, 2021 Share Posted December 20, 2021 10 minutes ago, harwich ram said: So looking at mid Feb so transfer window is a no go for players we need in then Makes no difference at all - we’re under an embargo which limits the players we can sign until the end of the season as part of the agreement on the points deduction… Tyler Durden and FlyBritishMidland 1 1 Link to comment Share on other sites More sharing options...
Derbados Posted December 20, 2021 Share Posted December 20, 2021 1 minute ago, Tyler Durden said: They both have opportunist owners who would have factored that in. It does come across as very distasteful if that's the correct word. Vultures is the word I would use. People have lost their livelihoods, some probably their homes over what’s happened to the club. If we go into liquidation, I’m sure many more will also follow suit. These two prats, who also happen to be multi millionaires just couldn’t help themselves could they, like vultures picking the meat off a dead carcass there are now 2 clubs that I despise more than Forest and Leeds Derby4Me, Tyler Durden, angieram and 13 others 3 13 Link to comment Share on other sites More sharing options...
SBW Posted December 20, 2021 Share Posted December 20, 2021 4 minutes ago, I know nuffin said: Does anybody know the difference between a CVA and restructuring please Seconded. It read as though CVA is preferable, as would mean no deductions next season, however a restructuring seems to indicate no CVA and as such = -15 starting next season? If so, it looks like they're readying everyone for that possibility, which isn't overly surprising, but also disappointing. Link to comment Share on other sites More sharing options...
SBW Posted December 20, 2021 Share Posted December 20, 2021 10.1 If the deal is not done by mid-Jan, canwe assume we start selling players? Haveyou identified any particular players to selland their valuations? What estimate haveyou made of how long the club can surviveon money raised by sales? Player sales have not been considered in detail. We are focusing on the sale of the club. Once a preferred bidder is established we will be able to better assess whether player sales will be necessary. No such considerations would take place without consultation with Wayne Rooney. This reads to me as though sales will be happening. Link to comment Share on other sites More sharing options...
Tyler Durden Posted December 20, 2021 Share Posted December 20, 2021 (edited) 10 minutes ago, I know nuffin said: Does anybody know the difference between a CVA and restructuring please A CVA is an agreement between a company and its creditors, by which the company compromises its debts or agrees an arrangement for their discharge. If the necessary majority of creditors approve the CVA, then the CVA will bind all creditors (except those with security over the company's assets). In some circumstances, a scheme of arrangement or a Part 26A restructuring plan may be contemplated, rather than a CVA. Scheme of arrangement and Part 26A restructuring plans (named after the part of the Companies Act 2006 where the procedure is set out), in the context of an insolvent company constitute, if successfully implemented, a court-sanctioned agreement between the company and its creditors. Significantly more court involvement is required than a for a CVA. Edited December 20, 2021 by Tyler Durden Link to comment Share on other sites More sharing options...
SSD Posted December 20, 2021 Share Posted December 20, 2021 Boro and Wycombe. The kind of people who would list their dying relative's assets before they passed away. Derbados, Comrade 86 and RoyMac5 1 1 1 Link to comment Share on other sites More sharing options...
Philmycock Posted December 20, 2021 Share Posted December 20, 2021 2 minutes ago, SouthStandDan said: Boro and Wycombe. The kind of people who would list their dying relative's assets before they passed away. Scum Link to comment Share on other sites More sharing options...
Tyler Durden Posted December 20, 2021 Share Posted December 20, 2021 I know whom Shylock was modelled on now Link to comment Share on other sites More sharing options...
Tyler Durden Posted December 20, 2021 Share Posted December 20, 2021 Does concern me the way the administrators have placed the responsibility for players being sold onto Rooney which I find quite unfair....like Wayne do you want to sell Jozwiak - not really - ok but just to let you know if we don't then we can't pay next month's bills. But it's your choice ? Link to comment Share on other sites More sharing options...
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