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The Administration Thread


Boycie

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3 hours ago, MackworthRamIsGod said:

There could be another more positive possibility.

The interested parties have clearly placed their bids already, the admins have written to the interested parties to ask them to up their offers, should they wish.  The interested parties, Ashley included, think their offers are more than fair and it's a kind of, take it or leave it.

If the admins are confident of naming a PB by the weekend, they are either stupid, lying, or are aware they do have something to work with already.

 

The interested parties might think their bids are fair but the administrators think they aren't. The administrators have strict financial regulations they have to work to by law. It is up to the prepared bidders to decide whether to proceed.

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2 minutes ago, atherstoneram said:

The interested parties might think their bids are fair but the administrators think they aren't. The administrators have strict financial regulations they have to work to by law. It is up to the prepared bidders to decide whether to proceed.

Asking a stupid question if the administrators have regulations they need to follow then surely the potential bidders also are aware of these so they will know if a bid they tender will be deemed acceptable or not before it is rejected?

So seems pointless them submitting a bid in the knowledge that the admins will turn it down 

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4 minutes ago, atherstoneram said:

The interested parties might think their bids are fair but the administrators think they aren't. The administrators have strict financial regulations they have to work to by law. It is up to the prepared bidders to decide whether to proceed.

I think the only issue will be whether the bids will be high enough to avoid an Efl penalty for not paying 25% at least. Q think they will be.

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-15 again will severely impair ability to service payment plans going forward for HMRC.  If a proposal is put forward, that we can pay more over a longer period of time by clearing football creditors now to include club health over the next 2 years,  they'll take that.  If we have millions to clear following a 40 % initial payment but are in League 2, any plan fails or will be renegotiated to a far smaller amount.  Best to play a longer game with far less chance of default.  

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4 minutes ago, Gee SCREAMER !! said:

-15 again will severely impair ability to service payment plans going forward for HMRC.  If a proposal is put forward, that we can pay more over a longer period of time by clearing football creditors now to include club health over the next 2 years,  they'll take that.  If we have millions to clear following a 40 % initial payment but are in League 2, any plan fails or will be renegotiated to a far smaller amount.  Best to play a longer game with far less chance of default.  

To be honest I’d rather wait and see what happens than keep going round and round the guessing game merry go round

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1 hour ago, Grumpy Git said:

EFL have just announced that the 5 p.m. cut-off today is New Zealand time.

 

1 hour ago, eccles the ram said:

It butter not be!

 

1 hour ago, Unlucky Alf said:

Is that you Marge?

 

1 hour ago, B4ev6is said:

What hell time is that in New Zealand time then.

 

1 hour ago, Grumpy Git said:

I'm joshing B4.

 

ANCHOR!  

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So er…Barry isn’t the only “ITK” claiming two bids, there’s another forum where they are even claiming a PB is in place with the hint to who it is.

Scoffers gonna scoff but hopefully things are moving

(Better put the ITK between quotations before some pedantic bugger makes out that I 100% believe everything Barry writes!)

Edited by TuffLuff
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