Bobby Posted January 24, 2022 Share Posted January 24, 2022 24 minutes ago, i-Ram said: Ha ha ha. If you think that any of the bidders are going to commit paying the HMRC debt off in full, over a 4 year period, you should seek some medical assistance. I reckon the bidders will be at about £7.5m in one lump sum; take it or leave it HMRC. Which would then give the green light to every other football cub to potentially only pay 1/4 of what they owe, the whole point of HMRC changing their creditor status was to stop this happening. Red Ram and Gritstone Tup 2 Link to comment Share on other sites More sharing options...
Red Ram Posted January 24, 2022 Share Posted January 24, 2022 47 minutes ago, PistoldPete said: But the claims cannot progress through administration. By which time their claims will be reduced or extinguished. Only if it's a restructuring plan rather than a CVA, assuming the BAWT analysis by Ian Redfern (seemingly no longer available?) was broadly correct. That's apparently what's been at the core of the difference of perspective between the EFL and Quantuma. Whether the claims can be 'compromised' (which may well mean completely extinguished) by a restructuring plan. But hopefully the Binnie brothers bid, which is prepared to accept these 'contingent liabilities' has taken us beyond that particular impasse... Link to comment Share on other sites More sharing options...
RoyMac5 Posted January 24, 2022 Share Posted January 24, 2022 8 minutes ago, Bobby said: Which would then give the green light to every other football cub to potentially only pay 1/4 of what they owe, the whole point of HMRC changing their creditor status was to stop this happening. Rubbish. It's not stopping clubs over-spending. But being docked 12 points is reasonable punishment, I can see that being increased if we 'escape'. Gritstone Ram and GB SPORTS 2 Link to comment Share on other sites More sharing options...
Gringo Posted January 24, 2022 Share Posted January 24, 2022 33 minutes ago, i-Ram said: Ha ha ha. If you think that any of the bidders are going to commit paying the HMRC debt off in full, over a 4 year period, you should seek some medical assistance. I reckon the bidders will be at about £7.5m in one lump sum; take it or leave it HMRC. Ok my medical assistance professional confirmed I am sane and lucid, I believe that a repayment over a set number of months has been agreed, there is a point of principle here for the HMRC, I very much doubt a haircut is on their agenda. Link to comment Share on other sites More sharing options...
Ram-Alf Posted January 24, 2022 Share Posted January 24, 2022 2 minutes ago, RoyMac5 said: Rubbish. It's not stopping clubs over-spending. But being docked 12 points is reasonable punishment, I can see that being increased if we 'escape'. For you Tommy ze vor is over, Zer is no escape David Graham Brown and RoyMac5 2 Link to comment Share on other sites More sharing options...
RoyMac5 Posted January 24, 2022 Share Posted January 24, 2022 BarrowRam, David Graham Brown, 1967Ram and 7 others 5 1 4 Link to comment Share on other sites More sharing options...
i-Ram Posted January 24, 2022 Share Posted January 24, 2022 16 minutes ago, Bobby said: Which would then give the green light to every other football cub to potentially only pay 1/4 of what they owe, the whole point of HMRC changing their creditor status was to stop this happening. HMRC will get nowt, zippo, zilch in a liquidation. Preferred bidders seem to be against going much higher than £30m in terms of bids for the whole club. I am absolutely certain HMRC will be offered not much more than £7.5m. Let’s wait and see Bobby. As for football owners wanting to give up control and ownership of their football clubs, to get rid of 3/4 of the debt, for someone else to step in, well frankly that’s up to them. Link to comment Share on other sites More sharing options...
i-Ram Posted January 24, 2022 Share Posted January 24, 2022 10 minutes ago, Charlotte Ram said: Ok my medical assistance professional confirmed I am sane and lucid, I believe that a repayment over a set number of months has been agreed, there is a point of principle here for the HMRC, I very much doubt a haircut is on their agenda. Glad to hear you are sane and lucid. As I just said to Bobby above, let’s wait and see. Link to comment Share on other sites More sharing options...
Foreveram Posted January 24, 2022 Share Posted January 24, 2022 23 minutes ago, Bobby said: Which would then give the green light to every other football cub to potentially only pay 1/4 of what they owe, the whole point of HMRC changing their creditor status was to stop this happening. With all due respect it’s a bit rich a QPR fan posting about a club repaying it’s debts ? GenBr, RadioactiveWaste, RoyMac5 and 2 others 4 1 Link to comment Share on other sites More sharing options...
Ewe Ram Posted January 24, 2022 Share Posted January 24, 2022 17 minutes ago, RoyMac5 said: He’s just one S away from the funniest name ever David Graham Brown, MackworthRamIsGod, RIMBAUD and 11 others 14 Link to comment Share on other sites More sharing options...
PistoldPete Posted January 24, 2022 Share Posted January 24, 2022 30 minutes ago, Red Ram said: Only if it's a restructuring plan rather than a CVA, assuming the BAWT analysis by Ian Redfern (seemingly no longer available?) was broadly correct. That's apparently what's been at the core of the difference of perspective between the EFL and Quantuma. Whether the claims can be 'compromised' (which may well mean completely extinguished) by a restructuring plan. But hopefully the Binnie brothers bid, which is prepared to accept these 'contingent liabilities' has taken us beyond that particular impasse... No, whether its a CVA or a restructuring the claims cannot continue during the admin period. And if they are part of a CVA even if Boro and Wycombe vote against they will be outvoted so their claim will be reduced to 25% or whatever, of whatever the contingent claim is . In the surprising event of Wycombe and/or Boro subsequently winning their claims, even after a CVA, the amounts awarded have to take account of the CVA so the amounts due will be much reduced. The football creditor rule only applies to monies due , and the monies due will already have been reduced. That's how I see it. Could be wrong. Link to comment Share on other sites More sharing options...
Ramifications Posted January 24, 2022 Share Posted January 24, 2022 1 hour ago, Rev said: When you're tired and weary, Your heart will skip a beat, You'll get your funking head messed up, When you read a Nixon tweet. But on streets of Teeside, They'll hear a mighty roar, Eff off you pube haired barsteward, We are the Derby boys. Brilliant, although you should have rhymed the last line with 'roar.' Plus, Eff off should be EFL off! Link to comment Share on other sites More sharing options...
Ram-Alf Posted January 24, 2022 Share Posted January 24, 2022 9 minutes ago, Ewe Ram said: He’s just one S away from the funniest name ever Johns Forkin, Sorry I don't get it ?♂️ Ewe Ram, TomG, AbuDerbyDave and 1 other 4 Link to comment Share on other sites More sharing options...
BriggRam Posted January 24, 2022 Share Posted January 24, 2022 Spoonin leads to forkin Link to comment Share on other sites More sharing options...
RoyMac5 Posted January 24, 2022 Share Posted January 24, 2022 Did I miss hearing previously that 'The Appleby bid' was also happy to take on Boro & Wycombe's claims should the need arise? Starts talking about the bids at 19:40. https://www.bbc.co.uk/iplayer/episode/m0013x5k/east-midlands-today-evening-news-24012022 Link to comment Share on other sites More sharing options...
Hans Datdo-Dishes Posted January 24, 2022 Share Posted January 24, 2022 10 minutes ago, Unlucky Alf said: Johns Forkin, Sorry I don't get it ?♂️ Think you've been hoodwinked, Alf Ram-Alf 1 Link to comment Share on other sites More sharing options...
Rev Posted January 24, 2022 Share Posted January 24, 2022 7 minutes ago, Hans Datdo-Dishes said: Think you've been hoodwinked, Alf Don't snip at him. Hans Datdo-Dishes 1 Link to comment Share on other sites More sharing options...
Ram-Alf Posted January 24, 2022 Share Posted January 24, 2022 10 minutes ago, BriggRam said: Spoonin leads to forkin That's right, Stick the knife in why dont ya Rev and Premier ram 1 1 Link to comment Share on other sites More sharing options...
Rev Posted January 24, 2022 Share Posted January 24, 2022 27 minutes ago, Ramifications said: Brilliant, although you should have rhymed the last line with 'roar.' Plus, Eff off should be EFL off! I kept the original intact. Link to comment Share on other sites More sharing options...
CBRammette Posted January 24, 2022 Share Posted January 24, 2022 If Boro and other claim allowed surely we can claim against them and EFL for lost transfer income on the players we are losing due to them delaying our sale and not letting them sign/extend due to embargos? Would have more grounds than their claims against us IslandExile 1 Link to comment Share on other sites More sharing options...
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