RammingStone66 Posted January 19, 2022 Share Posted January 19, 2022 Just now, Leeds Ram said: If he's calling their bluff in a meeting with a local MP rather than being candid about the situation that'd make me concerned for different reasons. This doesn't feel like a 'calling their bluff' kind of statement given they've not moved an inch but rather an admission there is nothing more they can realistically do. Just thinking this latest news doesnt exactly line up with what Simon Jordan said earlier. So could it be Bluff calling? Link to comment Share on other sites More sharing options...
Andicis Posted January 19, 2022 Share Posted January 19, 2022 1 minute ago, Black ('n' White) Sheep said: Bugger ? that makes it sound like we need either/or: A bloody good sports lawyer, and quick... to prove they're not football debts The EFL to change their stance MFC/WWFC to change their stance External forces (government) to override decisions None of which seem very likely at this stage, sadly. I think the EFL will crumble to external pressure, personally. All the light of scrutiny will likely dredge up things that they would have preferred left hidden. ariotofmyown, Foxy Ram, Black ('n' White) Sheep and 4 others 7 Link to comment Share on other sites More sharing options...
ariotofmyown Posted January 19, 2022 Share Posted January 19, 2022 This is a farce. Surely we can't go under because of these spurious and ridiculous claims. cosmic, Carnero, Ramarena and 3 others 6 Link to comment Share on other sites More sharing options...
Ram-Alf Posted January 19, 2022 Share Posted January 19, 2022 1 minute ago, RammingStone66 said: Just thinking this latest news doesnt exactly line up with what Simon Jordan said earlier. So could it be Bluff calling? He's not acctually the font of all knowledge now is he? Ramarena 1 Link to comment Share on other sites More sharing options...
BondJovi Posted January 19, 2022 Share Posted January 19, 2022 5 minutes ago, Unlucky Alf said: The Beauty of this now is there's people out there that now know what we know, The EFL have been colluding with Boro to blackmail a fellow member to pay money that isn't owed Just to save face (and their own money). It is cowardly. Ram-Alf, Caerphilly Ram, strawhillram and 1 other 4 Link to comment Share on other sites More sharing options...
Caerphilly Ram Posted January 19, 2022 Share Posted January 19, 2022 1 minute ago, Black ('n' White) Sheep said: Bugger ? that makes it sound like we need either/or: A bloody good sports lawyer, and quick... to prove they're not football debts The EFL to change their stance MFC/WWFC to change their stance External forces (government) to override decisions None of which seem very likely at this stage, sadly. Option 5. One of the alleged interested parties to think “stuff it, this club is clearly worth rescuing”, ride to the rescue and take the chance of seeing MFC/WWFC in court…. However unlikely that may be Black ('n' White) Sheep 1 Link to comment Share on other sites More sharing options...
Black ('n' White) Sheep Posted January 19, 2022 Share Posted January 19, 2022 1 minute ago, Andicis said: I think the EFL will crumble to external pressure, personally. All the light of scrutiny will likely dredge up things that they would have preferred left hidden. I hope you're right @Andicis Andicis 1 Link to comment Share on other sites More sharing options...
Leeds Ram Posted January 19, 2022 Share Posted January 19, 2022 2 minutes ago, RammingStone66 said: Just thinking this latest news doesnt exactly line up with what Simon Jordan said earlier. So could it be Bluff calling? Or Simon Jordan as per doesn't know what he's talking about. The bloke ran crystal palace for about 5 minutes and pretends he knows everyone in football. Ramarena 1 Link to comment Share on other sites More sharing options...
Black ('n' White) Sheep Posted January 19, 2022 Share Posted January 19, 2022 Just now, Caerphilly Ram said: Option 5. One of the alleged interested parties to think “stuff it, this club is clearly worth rescuing”, ride to the rescue and take the chance of seeing MFC/WWFC in court…. However unlikely that may be Fingers crossed @Caerphilly Ram Link to comment Share on other sites More sharing options...
Ewetube Posted January 19, 2022 Share Posted January 19, 2022 12 minutes ago, DarkFruitsRam7 said: I get what you’re saying. However, I feel our hand is stronger in this stalemate now than it was a week ago. I wish I shared your optimism, I really do. Link to comment Share on other sites More sharing options...
CapeTownRam Posted January 19, 2022 Share Posted January 19, 2022 1 minute ago, Unlucky Alf said: The Beauty of this now is there's people out there that now know what we know, The EFL have been colluding with Boro to blackmail a fellow member to pay money that isn't owed Bru, it stinks! Ram-Alf 1 Link to comment Share on other sites More sharing options...
ariotofmyown Posted January 19, 2022 Share Posted January 19, 2022 1 minute ago, Caerphilly Ram said: Option 5. One of the alleged interested parties to think “stuff it, this club is clearly worth rescuing”, ride to the rescue and take the chance of seeing MFC/WWFC in court…. However unlikely that may be I guess investors might be worried that the EFL can seemimgly do anything they want. Like Gibson's mate at EFL decides we owe them 44.5m in April and we are chucked out the league unless we pay up. Andicis 1 Link to comment Share on other sites More sharing options...
StarterForTen Posted January 19, 2022 Share Posted January 19, 2022 Another interpretation of that thread suggests the Admins are preparing the ground to take the claims out of the equation with a Cross Class Cram Down action. To get one, a court has to believe that no party to the action is worse off than any other possible outcome - and it looks like the Admins are clearly illustrating that the alternative is liquidation and virtually nothing for all creditors. A CCCD that offers to pay 100% to all current football debts and secured creditors; 25% to to other recognised creditors and strikes out the claims as non creditors would allow the Club to have a clear path forward and would fit into current EFL insolvency exit rules. If the EFL attempted to block the transfer over the golden share to the new owners over the treatment of the MFC and WWFC claims they would be in breach of their own Articles and be in the firing line for a legal challenge. RedSox, RammingStone66, Adslegend and 10 others 7 6 Link to comment Share on other sites More sharing options...
Andicis Posted January 19, 2022 Share Posted January 19, 2022 1 minute ago, Black ('n' White) Sheep said: I hope you're right @Andicis If the EFL aren't careful the government could easily opt to introduce an independent regulator as has previously been proposed. Black ('n' White) Sheep, RammingStone66, strawhillram and 1 other 1 3 Link to comment Share on other sites More sharing options...
RammingStone66 Posted January 19, 2022 Share Posted January 19, 2022 3 minutes ago, Unlucky Alf said: He's not acctually the font of all knowledge now is he? Never said he was did I? Just pointing out that they don't exactly line up so does that add more weight to the argument that the admins might be Bluff calling. Link to comment Share on other sites More sharing options...
Gone Posted January 19, 2022 Share Posted January 19, 2022 So it’s down to the EFL, essentially if the EFL decide that Boro & Wycombe with their absolutely baseless claims are classed as football creditors then it's goodbye to our club Link to comment Share on other sites More sharing options...
Caerphilly Ram Posted January 19, 2022 Share Posted January 19, 2022 1 minute ago, Andicis said: If the EFL aren't careful the government could easily opt to introduce an independent regulator as has previously been proposed. This is long overdue and is surely the only way to avoid this happening over and over again. Andicis 1 Link to comment Share on other sites More sharing options...
DarkFruitsRam7 Posted January 19, 2022 Share Posted January 19, 2022 (edited) 6 minutes ago, Ewetube said: I wish I shared your optimism, I really do. On the face of it, we're in pretty much the exact same position we were a week ago, or a month ago for that matter. Stalemate. The only difference now is that there's 1000x more public scrutiny on this issue, with plenty of external people questioning the EFL and pushing for us to be saved. The way I see it, that makes the EFL more likely to accept that those two clubs aren't football creditors. It certainly doesn't make it less likely anyway. Edited January 19, 2022 by DarkFruitsRam7 Andicis, Ramrob, Caerphilly Ram and 1 other 4 Link to comment Share on other sites More sharing options...
RoyMac5 Posted January 19, 2022 Share Posted January 19, 2022 2 minutes ago, StarterForTen said: Another interpretation of that thread suggests the Admins are preparing the ground to take the claims out of the equation with a Cross Class Cram Down action. To get one, a court has to believe that no party to the action is worse off than any other possible outcome - and it looks like the Admins are clearly illustrating that the alternative is liquidation and virtually nothing for all creditors. A CCCD that offers to pay 100% to all current football debts and secured creditors; 25% to to other recognised creditors and strikes out the claims as non creditors would allow the Club to have a clear path forward and would fit into current EFL insolvency exit rules. If the EFL attempted to block the transfer over the golden share to the new owners over the treatment of the MFC and WWFC claims they would be in breach of their own Articles and be in the firing line for a legal challenge. Isn't this what the EFL has already blocked as it's own Insolvency guidelines aren't up to date with current law? HorsforthRam 1 Link to comment Share on other sites More sharing options...
Animal is a Ram Posted January 19, 2022 Share Posted January 19, 2022 Just now, StarterForTen said: Another interpretation of that thread suggests the Admins are preparing the ground to take the claims out of the equation with a Cross Class Cram Down action. To get one, a court has to believe that no party to the action is worse off than any other possible outcome - and it looks like the Admins are clearly illustrating that the alternative is liquidation and virtually nothing for all creditors. A CCCD that offers to pay 100% to all current football debts and secured creditors; 25% to to other recognised creditors and strikes out the claims as non creditors would allow the Club to have a clear path forward and would fit into current EFL insolvency exit rules. If the EFL attempted to block the transfer over the golden share to the new owners over the treatment of the MFC and WWFC claims they would be in breach of their own Articles and be in the firing line for a legal challenge. As I understand it - this hasn't just been prepared for, it was actively proposed, but shut down due to the EFL not ruling on whether the claims by MFC and WWFC are football debts or not. If they rule 'in favour' of those two, we're finished. Nobody will taken on that risk. If they rule 'in favour' of DCFC, we're saved, but at the anger of MFC and WWFC who would, given their seemingly nuclear stance, probably attack the EFL and then the new owners again for good measure. Link to comment Share on other sites More sharing options...
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