Tyler Durden Posted February 26, 2022 Share Posted February 26, 2022 (edited) 48 minutes ago, one_chop said: We are as a club entering our death throes. I've said all along Liquidation is coming over the horizon. Ships about to port guys. Edited February 26, 2022 by Tyler Durden Caerphilly Ram, David Graham Brown, GB SPORTS and 1 other 2 2 Link to comment Share on other sites More sharing options...
Gee SCREAMER !! Posted February 26, 2022 Share Posted February 26, 2022 15 minutes ago, Tamworthram said: I hope it's not a bad omen but I've just started listening to The Trillion Dollar Conman about the Notts County takeover after they had been in administration for well over a year on BBC sounds. This is the club that paid Sol Campbell and Sven 90k a week each in League 2. I didn't think even we entered that world of Twilight Zone bat poo craziness. Link to comment Share on other sites More sharing options...
Tamworthram Posted February 26, 2022 Share Posted February 26, 2022 50 minutes ago, one_chop said: We are as a club entering our death throes. I've said all along Liquidation is coming over the horizon. Ships about to port guys. That's the spirit. No doubt you'll take great pleasure in telling us "I told you so" if it happens. BathRam72, Kathcairns, Reggie Greenwood and 1 other 4 Link to comment Share on other sites More sharing options...
Steve How Hard? Posted February 26, 2022 Share Posted February 26, 2022 12 minutes ago, Foreveram said: If you were on the ship you’d be made to walk the plank. It could be argued that he is the plank. ? SuffolkRam, Vulcanboy, jono and 2 others 5 Link to comment Share on other sites More sharing options...
Comrade 86 Posted February 26, 2022 Share Posted February 26, 2022 On 25/02/2022 at 18:45, Bris Vegas said: Mike Ashley to be named PB tomorrow. @ me screenshot me shoot me You stepped forward, fearless, you surveyed your target, chose your line and throwing caution to the wind you took your shot. Sadly... Zag zig, Mick Brolly, Steve How Hard? and 3 others 6 Link to comment Share on other sites More sharing options...
Comrade 86 Posted February 26, 2022 Share Posted February 26, 2022 54 minutes ago, one_chop said: We are as a club entering our death throes. I've said all along Liquidation is coming over the horizon. Ships about to port guys. Miggins and jono 1 1 Link to comment Share on other sites More sharing options...
Tamworthram Posted February 26, 2022 Share Posted February 26, 2022 Just now, Gee SCREAMER !! said: This is the club that paid Sol Campbell and Sven 90k a week each in League 2. I didn't think even we entered that world of Twilight Zone bat poo craziness. Me neither although that's the scenario we might have faced had the likes of Alonso been successful. What worries me is the amount of time they were in administration and how they almost went out of business (I'm only on episode 2 though so I don't know the full details yet. No spoilers please). The worst case scenario in my head is exiting administration but with a further 15 point deduction. Link to comment Share on other sites More sharing options...
kevinhectoring Posted February 26, 2022 Share Posted February 26, 2022 1 hour ago, CornwallRam said: The difference is that a CVA gives HMRC a veto. I don't believe that HMRC will agree to anything less than 100%. That means about £60m to get a CVA. Hoskin told us that HMRC will give us a break because we are a ‘community asset’. So don’t understand where you’re coming from on this. I suspect HMRC will settle for 25% if there is no more than that available Rev 1 Link to comment Share on other sites More sharing options...
kevinhectoring Posted February 26, 2022 Share Posted February 26, 2022 1 hour ago, PistoldPete said: Nixon mostly gets his stuff from EFL Where does this come from Pete ? Link to comment Share on other sites More sharing options...
Ramarena Posted February 26, 2022 Share Posted February 26, 2022 1 hour ago, PistoldPete said: Usual garbled stuff from Nixon. Admin team has said they are not expecting any more penalties. Football creditors are quite low now .. what £5 m or £6 milion. Hmmmmmmmm, Nixon says the stadium will be leased, that was an already declared option from the Binnie bid? Obviously Nixon’s stuff is to be taken with a pinch of salt, but it seems the EFL want this out there. Link to comment Share on other sites More sharing options...
Gee SCREAMER !! Posted February 26, 2022 Share Posted February 26, 2022 15 minutes ago, Tamworthram said: Me neither although that's the scenario we might have faced had the likes of Alonso been successful. What worries me is the amount of time they were in administration and how they almost went out of business (I'm only on episode 2 though so I don't know the full details yet. No spoilers please). The worst case scenario in my head is exiting administration but with a further 15 point deduction. Its a worry in some ways. There's a lot of debt but we owed over 30 million in 2006 and got sold. If Mel plays ball with the stadium and accepts a payment in line with paying MSD back and the new owner accepts upkeep costs, that shouldn't happen. Pay all football creditors and agree a 40% upfront payment with HMRC and an ongoing payment plan for a negotiated remainder with quarterly review to see if they can get more, should be reached with relative smoothness. Heard nothing about Wycombe so hopefully that ball bag isn't causing an issue. Example a 5 million sale goes ahead for a player. HMRC will get some of the cash, or will need full clarity of where the moneys going. Having a load of players leave for nowt in 5 months is not in their interest in getting a lot of cash due as the business won't be viable but the contracts will have to reflect realistic figures. There ain't going to be any cash signings or big wages shelled out for a bit with that kind of review. Ken Tram 1 Link to comment Share on other sites More sharing options...
B4ev6is Posted February 26, 2022 Share Posted February 26, 2022 3 minutes ago, Gee SCREAMER !! said: Its a worry in some ways. There's a lot of debt but we owed over 30 million in 2006 and got sold. If Mel plays ball with the stadium and accepts a payment in line with paying MSD back and the new owner accepts upkeep costs, that shouldn't happen. Pay all football creditors and agree a 40% upfront payment with HMRC and an ongoing payment plan for a negotiated remainder with quarterly review to see if they can get more, should be reached with relative smoothness. Heard nothing about Wycombe so hopefully that ball bag isn't causing an issue. Example a 5 million sale goes ahead for a player. HMRC will get some of the cash, or will need full clarity of where the moneys going. Having a load of players leave for nowt in 5 months is not in their interest in getting a lot of cash due as the business won't be viable but the contracts will have to reflect realistic figures. There ain't going to be any cash signings or big wages shelled out for a bit with that kind of review. Not unless mel give Ashley the cash to get this paid off. Link to comment Share on other sites More sharing options...
one_chop Posted February 26, 2022 Share Posted February 26, 2022 54 minutes ago, Tamworthram said: That's the spirit. No doubt you'll take great pleasure in telling us "I told you so" if it happens. On the contrary. I stand to lose a lot in the event of liquidation. Link to comment Share on other sites More sharing options...
B4ev6is Posted February 26, 2022 Share Posted February 26, 2022 11 minutes ago, one_chop said: On the contrary. I stand to lose a lot in the event of liquidation. We wont be liquidation mate Link to comment Share on other sites More sharing options...
CornwallRam Posted February 27, 2022 Share Posted February 27, 2022 8 hours ago, kevinhectoring said: Hoskin told us that HMRC will give us a break because we are a ‘community asset’. So don’t understand where you’re coming from on this. I suspect HMRC will settle for 25% if there is no more than that available HMRC will not agree to anything until a preferred bidder us in place. They may settle for 25%, but if they had already indicated that, then I can see no reason why a PB has not already been announced. I don't believe that HMRC would have fought to gain preferential creditor status to effectively give it away again in the first insolvency afterwards - that is what the precedent of setting for 25% would mean. Every club is a community asset, so that argument is entirely spurious. I believe that the position is that the 'cram down' offered to the court in the restructuring plan will treat HMRC as an unsecured creditor and the court will accept that as the creditors will gain more than from liquidation and the club is a community asset. I Link to comment Share on other sites More sharing options...
CornwallRam Posted February 27, 2022 Share Posted February 27, 2022 9 hours ago, TomTom92 said: Baffling that Ashley or whoever would take the -15 points. It makes next season a complete waste of time and another depressing experience. It actually gives the new owner a pressure free year to restructure the club as they see fit. If Ashley takes over, every player we enquire about will be double the price. In this scenario, Ashley could instruct the manager and recruitment team to only sign bargains, thus setting us up as a club that can't be held to ransom. In the medium term it could be beneficial and would save about £30m in the short term. Another season of treading water is obviously frustrating for us fans, but I can see some logic for an owner. May Contain Nuts 1 Link to comment Share on other sites More sharing options...
MackworthRamIsGod Posted February 27, 2022 Share Posted February 27, 2022 Wasn't there a 'rumour' on here earlier in the week that Ashley may infact just buy the stadium and then lease it to the new owners, Binnies. Nixon could be right. Ken Tram 1 Link to comment Share on other sites More sharing options...
davenportram Posted February 27, 2022 Share Posted February 27, 2022 We haven’t got to agree 25% to avoid the points deduction. We could agree 35% to be paid over three years. Perhaps the buyers don’t want to be tied to a three year payment plan? Link to comment Share on other sites More sharing options...
kevinhectoring Posted February 27, 2022 Share Posted February 27, 2022 45 minutes ago, MackworthRamIsGod said: Wasn't there a 'rumour' on here earlier in the week that Ashley may infact just buy the stadium and then lease it to the new owners, Binnies. Nixon could be right. there was a rumour he tried to buy the stadium from MM in order to be able to buy the club on his own terms. Ken Tram 1 Link to comment Share on other sites More sharing options...
Dimmu Posted February 27, 2022 Share Posted February 27, 2022 50 minutes ago, MackworthRamIsGod said: Wasn't there a 'rumour' on here earlier in the week that Ashley may infact just buy the stadium and then lease it to the new owners, Binnies. Nixon could be right. I think that was humour, not rumour. You'll never know tho. Link to comment Share on other sites More sharing options...
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