LeedsRam1999 Posted January 9, 2022 Share Posted January 9, 2022 Unfortunately this just seems another chapter in the EFL’s incompetence. You can see why we wanted to break away from the football league all together a few years ago. They claim to be protecting the football league structure but they have driven many clubs to the brink of oblivion. I fear we may be the next. duck the EFL - chant it loud and proud Crewton and Kathcairns 2 Link to comment Share on other sites More sharing options...
Andicis Posted January 9, 2022 Share Posted January 9, 2022 10 minutes ago, Elwood P Dowd said: Your missing the point which is to impose rules, regulations or conditions you have to have ether an agreement in place between the two parties or authority to impose the regulations unilaterally. I certainly am, because we only know the small amounts of the admins are telling us or whatever snippets that might be semi reliable from journos. I'm summarizing from Nixon's implication, that is all. Maharan 1 Link to comment Share on other sites More sharing options...
kevinhectoring Posted January 9, 2022 Share Posted January 9, 2022 40 minutes ago, PistoldPete said: Under a restructuring arrangement a Court can define the classes of creditors. So a court could maybe decide to create a class of creditor as you say " contingent creditor". And if they don't agree to a settlement the Court has the power to force them to agree to one. You might still have an issue with EFL. As EFL want "football creditors " settled at 100%. But again it isn't clear if they would class as football creditors, ranking above HMRC and trade creditors. If so just how scummy are Gibson and Couhig to try and muscle in ahead of them? . Doesn’t matter if they are football creditors. If the claim succeeds they need at least 25%. But the amount is at the moment unquantified so you don’t know how much that is, so you can’t structure a sale Link to comment Share on other sites More sharing options...
Wignall12 Posted January 9, 2022 Share Posted January 9, 2022 10 minutes ago, LeedsRam1999 said: Unfortunately this just seems another chapter in the EFL’s incompetence. You can see why we wanted to break away from the football league all together a few years ago. They claim to be protecting the football league structure but they have driven many clubs to the brink of oblivion. I fear we may be the next. duck the EFL - chant it loud and proud Protecting their own interests you mean ! Link to comment Share on other sites More sharing options...
LeedsRam1999 Posted January 9, 2022 Share Posted January 9, 2022 Just now, Wignall12 said: Protecting their own interests you mean ! And those of their friends Wignall12 1 Link to comment Share on other sites More sharing options...
PistoldPete Posted January 9, 2022 Share Posted January 9, 2022 5 minutes ago, kevinhectoring said: Doesn’t matter if they are football creditors. If the claim succeeds they need at least 25%. But the amount is at the moment unquantified so you don’t know how much that is, so you can’t structure a sale Ok it's messy. The 25% is EFL requirement again. If they don't get that then it's a 15 point deduction or something. But I don't see any reason why a buyer cannot take on a contingent liability. jimtastic56 and r_wilcockson 1 1 Link to comment Share on other sites More sharing options...
Crewton Posted January 9, 2022 Share Posted January 9, 2022 The current owner could indemnify the new owners against any costs arising from these claims, but don't hold your breath. The only way that these claims can become legitimate debts owed by the company in Administration is through admission by the Administrators or through a Court Order. If the EFL are telling either or both sides that they consider these claims to be legitimate debts owed to Football Creditors, they are exceeding any legal authority that they possess IMHO. Oldben, Ramarena, LeedsCityRam and 2 others 2 3 Link to comment Share on other sites More sharing options...
kevinhectoring Posted January 9, 2022 Share Posted January 9, 2022 12 minutes ago, PistoldPete said: But I don't see any reason why a buyer cannot take on a contingent liability. Completely agree. If say Ashley agreed to take on the claim, that solves the problem. r_wilcockson and Crewton 2 Link to comment Share on other sites More sharing options...
Shipley Ram Posted January 9, 2022 Share Posted January 9, 2022 1 hour ago, Sparkle said: I would like to see some examples of this? I've had a look there are comments like this "I hope I’m wrong but this therefore seems like a very deliberate tactic designed to leverage. The case has little legal merit and the chances of getting any real money even if we’re successful seems slim leading as it would to an administration. Maximum leverage at the most vulnerable time. Not the way I would really like our football club to behave." Which if faily supportive but the response was "Adi - I suggest you ask Steve Gibson about the (recent) Derby tactics towards the football club and himself. It might shine a very different light on it for you. (I don't think I am able to post it on here)." It seems he has a recent gripe ( against the admins?), but isn't making it public. Sounds like spiteful ******** to keep his own fans onside. Sparkle and RoyMac5 1 1 Link to comment Share on other sites More sharing options...
richinspain Posted January 9, 2022 Share Posted January 9, 2022 5 minutes ago, kevinhectoring said: Completely agree. If say Ashley agreed to take on the claim, that solves the problem. No idea how all of this works legally, but surely anyone agreeing to take on the claim would have to be happy with taking on the risk of paying something like £46m more on top of their original price in the near future. Link to comment Share on other sites More sharing options...
kevinhectoring Posted January 9, 2022 Share Posted January 9, 2022 11 minutes ago, richinspain said: No idea how all of this works legally, but surely anyone agreeing to take on the claim would have to be happy with taking on the risk of paying something like £46m more on top of their original price in the near future. Yes of course. Most buyers would not do it. But Ashley is a bruiser and may well feel he can get Gibson to call off the dogs r_wilcockson 1 Link to comment Share on other sites More sharing options...
Curtains Posted January 9, 2022 Share Posted January 9, 2022 (edited) 7 minutes ago, kevinhectoring said: Yes of course. Most buyers would not do it. But Ashley is a bruiser and may well feel he can get Gibson to call off the dogs https://www.dailymail.co.uk/sport/football/article-10382697/amp/Former-Newcastle-owner-Mike-Ashley-opens-legal-action-against-Amanda-Staveley.html But it depends how much he wants to take on Edited January 9, 2022 by Curtains Added kevinhectoring 1 Link to comment Share on other sites More sharing options...
ilkleyram Posted January 9, 2022 Share Posted January 9, 2022 Isn’t it great to see the football family alive, well and self supportive? Alty_Ram and Crewton 1 1 Link to comment Share on other sites More sharing options...
Crewton Posted January 9, 2022 Share Posted January 9, 2022 28 minutes ago, ilkleyram said: Isn’t it great to see the football family alive, well and self supportive? TBF, when most of the owners are rapacious greed-mongers, it's hardly surprising. ilkleyram 1 Link to comment Share on other sites More sharing options...
Eatonram Posted January 9, 2022 Share Posted January 9, 2022 (edited) 2 hours ago, Wignall12 said: Protecting their own interests you mean ! There is the irony. When the EFL received millions of pounds in fines from QPR after their 2014 breach of FFP how much went to the main injured party? Ie DCFC. yep zero. The EFL kept the lot. Edited January 9, 2022 by angieram Remove libel Andrew3000, Kathcairns, Crewton and 4 others 1 6 Link to comment Share on other sites More sharing options...
Van der MoodHoover Posted January 9, 2022 Share Posted January 9, 2022 7 hours ago, 86 Hair Islands said: The Pint-sized pemaprick and that other irrelevant gobshite Now that is a pair of superheros Id love to see......the old paintshop skills aint what they were, but as a bit of concept art.....? hintonsboots, Ted McMinn Football Genius and Kathcairns 2 1 Link to comment Share on other sites More sharing options...
Crewton Posted January 9, 2022 Share Posted January 9, 2022 1 minute ago, Van der MoodHoover said: Now that is a pair of superheros Id love to see......the old paintshop skills aint what they were, but as a bit of concept art.....? Claatman and Robin B**tard Link to comment Share on other sites More sharing options...
Ram-Alf Posted January 9, 2022 Share Posted January 9, 2022 18 minutes ago, Crewton said: TBF, when most of the owners are rapacious greed-mongers, it's hardly surprising. A. Stavely can be as hard as M. Ashley, She brokered the Barclays bank deal of £10 billion when the banks went Pop, I do believe she took Barclays to the high court for monies owed...pretty sure she lost. Aint it awfull being minted ?♂️ Link to comment Share on other sites More sharing options...
Premier ram Posted January 9, 2022 Share Posted January 9, 2022 Got a feeling the upcoming Boro game is going to be a bit lively Link to comment Share on other sites More sharing options...
Rev Posted January 9, 2022 Share Posted January 9, 2022 45 minutes ago, Unlucky Alf said: A. Stavely can be as hard as M. Ashley, She brokered the Barclays bank deal of £10 billion when the banks went Pop, I do believe she took Barclays to the high court for monies owed...pretty sure she lost. Aint it awfull being minted ?♂️ Didn't she borrow the money to buy her stake in Newcastle from Mike Ashley's company? Link to comment Share on other sites More sharing options...
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