kevinhectoring Posted March 28, 2022 Share Posted March 28, 2022 5 hours ago, atherstoneram said: They are not interested in the sentimental side of things,just business. Funny you mention that - Q does not seem to understand what is their role. They keep mumbling about securing the bidder that will provide the best long term future for the club. Not their job. alram 1 Link to comment Share on other sites More sharing options...
Gaspode Posted March 28, 2022 Share Posted March 28, 2022 16 minutes ago, kevinhectoring said: Funny you mention that - Q does not seem to understand what is their role. They keep mumbling about securing the bidder that will provide the best long term future for the club. Not their job. Surely that depends on how the debts will be repaid - if there is a payment plan covering several years, it would be remiss of them to choose a PB that may not have a long-term plan for the club...... Link to comment Share on other sites More sharing options...
May Contain Nuts Posted March 28, 2022 Share Posted March 28, 2022 (edited) 51 minutes ago, kevinhectoring said: Funny you mention that - Q does not seem to understand what is their role. They keep mumbling about securing the bidder that will provide the best long term future for the club. Not their job. Just PR, no matter how many times you try to sound clever by trotting it out as evidence they don't know what they're doing. If they kept mumbling about getting the best deal for creditors there'd be an avalanche of idiots getting mardy that they have no consideration for the club's future. It might please you to hear them state what their job is on a regular basis - although probably not actually, you'd find fault whatever they said - but they have to pay some lip service here and there. It's a difficult balance to achieve, putting out statements that appeal to / appease all of the uninformed, the moderately informed, and the over-informed who think they know better. They can't really win, the only thing anyone actually wants them to say is that the deal is completed, their work is done, they've waived their fees, and the new owner will take things from here. Anything else, everything else, is treated with contempt due to people's impatience. Edited March 28, 2022 by Coconut's Beard GB SPORTS, Rev, The Key Club King and 1 other 2 2 Link to comment Share on other sites More sharing options...
Ram-Alf Posted March 28, 2022 Share Posted March 28, 2022 33 minutes ago, kevinhectoring said: Don’t think this is what solicitors do It is part of any Solicitors who have the License for Administration...A Legal Service Company Administrations If your business is struggling and administration seems like a suitable route, Solicitors can provide advice and assistance with the process. Whether you are a company director or a creditor , They have the expertise to help you ensure the best possible outcome is achieved. Where a company is insolvent and the directors believe that the potential of the company is about to be harmed by the actions of a hostile creditor - often an aggressive landlord or the Crown - thought should be given to going into administration. This protective mechanism is designed to shield the company from its creditors while a restructuring plan can be completed. Now i'm neither a Solicitor or Administrater, And this is just a stab in the Dark...not the Peter Sellers movie, But i'd guess Solicitors have a good handle on Insolvency Law. https://www.irwinmitchell.com/personal/insolvency Link to comment Share on other sites More sharing options...
kevinhectoring Posted March 28, 2022 Share Posted March 28, 2022 2 minutes ago, Coconut's Beard said: 41 minutes ago, kevinhectoring said: Just PR, no matter how many times you try to sound clever by trotting it out as evidence they don't know what they're doing. Agree it’s PR. There has been a lot of PR in their all too erratic comms. But we don’t want them preening we want them to focus on the job. It’s not a popularity contest. Sorry, I think the evidence indicates they have been slow, they are under-resourced, they have not spotted the heffalump traps looming, their legal support is underpowered and their control of the bidding process in particular appears poor. Link to comment Share on other sites More sharing options...
kevinhectoring Posted March 28, 2022 Share Posted March 28, 2022 21 minutes ago, Unlucky Alf said: But i'd guess Solicitors have a good handle on Insolvency Law. Absolutely, many do. I read your last post as suggesting solicitors give advice on property values, hence my response to it RamuelLJackson and Ram-Alf 1 1 Link to comment Share on other sites More sharing options...
TomTom92 Posted March 28, 2022 Share Posted March 28, 2022 (edited) If Nixon is correct, Quantuma are playing chicken against 4 parties that are armed with a rocket launcher, machine gun, samurai and pistol and Q are holding a paper plane. If none of the bids are good enough to get the deal through now I dare say that liquidation looks more and more likely. You can’t keep making deadlines and then not following through when nobody coughs up. You just look foolish. Edited March 28, 2022 by TomTom92 r_wilcockson, PendineRam, Dean (hick) Saunders and 2 others 5 Link to comment Share on other sites More sharing options...
May Contain Nuts Posted March 28, 2022 Share Posted March 28, 2022 (edited) 9 minutes ago, kevinhectoring said: Agree it’s PR. There has been a lot of PR in their all too erratic comms. But we don’t want them preening we want them to focus on the job. It’s not a popularity contest. Sorry, I think the evidence indicates they have been slow, they are under-resourced, they have not spotted the heffalump traps looming, their legal support is underpowered and their control of the bidding process in particular appears poor. You seem to have totally unrealistic expectations - especially so since you're only looking in from the outside and have no idea what they're actually dealing with on a daily basis - then judge them against those. I find it a bizarrely imperious attitude tbh, but nothing new there. There are no direct situations to compare their work against, no examples of other clubs facing the same circumstances we've had. If anything on the face of it far less complicated situations have seen other clubs in administration for many months longer than we have been. Edited March 28, 2022 by Coconut's Beard GboroRam and Woodypecker 1 1 Link to comment Share on other sites More sharing options...
Abu Derby Posted March 28, 2022 Share Posted March 28, 2022 Owt bin said? Boycie 1 Link to comment Share on other sites More sharing options...
Mostyn6 Posted March 28, 2022 Share Posted March 28, 2022 3 minutes ago, Abu Derby said: Owt bin said? Is he s Saudi prince?? ? Comrade 86, Black ('n' White) Sheep, cstand and 34 others 3 1 3 30 Link to comment Share on other sites More sharing options...
Jimbo Ram Posted March 28, 2022 Share Posted March 28, 2022 23 minutes ago, TomTom92 said: If Nixon is correct, Quantuma are playing chicken against 4 parties that are armed with a rocket launcher, machine gun, samurai and pistol and Q are holding a paper plane. If none of the bids are good enough to get the deal through now I dare say that liquidation looks more and more likely. You can’t keep making deadlines and then not following through when nobody coughs up. You just look foolish. How have the bidders got the upper hand if their bids don’t meet the minimum requirements ? Link to comment Share on other sites More sharing options...
Stive Pesley Posted March 28, 2022 Share Posted March 28, 2022 He's not even hiding it any more Note the use of "we" If all bids are subject to NDAs - how does he know how close they are or are not? Ramarena, GB SPORTS, MackworthRamIsGod and 1 other 2 2 Link to comment Share on other sites More sharing options...
Jimbo Ram Posted March 28, 2022 Share Posted March 28, 2022 12 minutes ago, Stive Pesley said: He's not even hiding it any more Note the use of "we" If all bids are subject to NDAs - how does he know how close they are or are not? He knows zilch… SaffyRam 1 Link to comment Share on other sites More sharing options...
Oldben Posted March 28, 2022 Share Posted March 28, 2022 https://www.begbies-traynorgroup.com/case-studies/company-administration/administration-of-wigan-athletic-football-club Makes me think about some of the challenges Derbys administrators have faced. Link to comment Share on other sites More sharing options...
Ram-Alf Posted March 28, 2022 Share Posted March 28, 2022 14 minutes ago, Stive Pesley said: He's not even hiding it any more Note the use of "we" If all bids are subject to NDAs - how does he know how close they are or are not? He was given 2 free tickets by the National Trust, But he didn't want to go as he doesn't know duck Hall Boycie 1 Link to comment Share on other sites More sharing options...
PistoldPete Posted March 28, 2022 Share Posted March 28, 2022 23 minutes ago, Stive Pesley said: He's not even hiding it any more Note the use of "we" If all bids are subject to NDAs - how does he know how close they are or are not? If they haven’t “tried their luck with the Efl” this means that Nixon hasn’t heard anything from Efl, his main source of info. Which means he knows nothing. No change there. RamuelLJackson 1 Link to comment Share on other sites More sharing options...
TomTom92 Posted March 28, 2022 Share Posted March 28, 2022 42 minutes ago, Jimbo Ram said: How have the bidders got the upper hand if their bids don’t meet the minimum requirements ? Because it’s no skin off their nose if we go under and they pick up the pieces with us in League 2. jimtastic56 1 Link to comment Share on other sites More sharing options...
B4ev6is Posted March 28, 2022 Share Posted March 28, 2022 What 0n earth happened with admin today Link to comment Share on other sites More sharing options...
Mick Brolly Posted March 28, 2022 Share Posted March 28, 2022 (edited) 3 minutes ago, B4ev6is said: What 0n earth happened with admin today Nothing new mate Edited March 28, 2022 by Mick Brolly Link to comment Share on other sites More sharing options...
kash_a_ram_a_ding_dong Posted March 28, 2022 Share Posted March 28, 2022 Are we not basically just making stuff up and with no basis in actual facts at the moment? All we know for sure us that bids have gone in and the administrators are considering them....that's it,nothing more. Why don't we just wait and see what the end result is instead of working ourselves into a frenzy entirely based on overactive imaginations. SaffyRam, David Graham Brown, Rev and 10 others 7 6 Link to comment Share on other sites More sharing options...
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