Kirchner- A risk or a potential reward

[kevinhectoring]

3 hours ago, Van der MoodHoover said:

Without wanting to be too political, I think you'll find the rich have been consistently increasing their share of the total wealth for ages....

You could start a 1,500 pp thread with that one. 
Anyway you’re Thomas Piketty and please send my £5 to at david 

[RoyMac5]

Anyone know where he is btw, still in London?

Didn't see anyone tracking his plane this time around?

[RadioactiveWaste]

Doesn't matter. He's not going to be derby owner.

[RoyMac5]

3 minutes ago, RadioactiveWaste said:

Doesn't matter. He's not going to be derby owner.

Just wondered if he'd had to pawn his plane?! ?

[RadioactiveWaste]

Just now, RoyMac5 said:

Just wondered if he'd had to pawn his plane?! ?

Seen it in the window of cash generators.

[maydrakin]

In an unrelated topic, has anyone seen the tinder swindler?

[RadioactiveWaste]

Sergio Garcia's trying to track him down to get his golf clubs back.

[hintonsboots]

45 minutes ago, RoyMac5 said:

Just wondered if he'd had to pawn his plane?! ?

Can’t pawn something you don’t own.

[RoyMac5]

3 minutes ago, hintonsboots said:

Can’t pawn something you don’t own.

Really? ? ?

[RoyMac5]

Risk. #tyrekicker

[RadioactiveWaste]

Oh dear.

Still, I can go from bourbon back to scotch at least.

[Yani P]

Risk

[Boycie]

What a blow hard.

[BaaLocks]

1 hour ago, RoyMac5 said:

Risk. #tyrekicker

He's only withdrawn his offer to buy the club tonight - doesn't mean it won't happen in 48 hours

[RoyMac5]

See Nixon does know something.

He can spot a fud too. ?

[Jimbo Ram]

Time to close the thread perhaps???

[ThePrisoner]

We'll reopen it on the extremely slim chance he comes back into the fold. I won't hold my breath.

[Boycie]

Wasn’t it today that he had to pay his employee’s or else?

[Asanovic70]

Definitely a risk now, the 35p in the pound over 3x years appears meaningless, he had two months to organize the transfer of funds. 

Kirchner now looks more like a Walter Mitty figure. Or Billy Liar. 

[RoyMac5]

"...Kirchner has communicated several different reasons for the lack of payment to employees over the last month. In a June 2 email he sent to the entire company, which Insider obtained, Kirchner described the situation as "an operational error with our corporate banking and investment practices."

"We have broken your trust in the company as well as our leadership group. I cannot say sorry enough," he wrote. "As a company commercially we have never been in a better position."

In that email, Kirchner said the problem has been fixed and the employees would be paid Friday June 3 or early the following week. Employees' financial records show they were not paid at that time.

On June 9, Kirchner told staff that the funds for their payment were available but the company had been terminated by its payroll processing company ADP, according to screenshots obtained by Insider.

"This has left us in a difficult situation as we scramble to get another provider online," he wrote on Slack. In the same message, Kirchner said he was travelling completing a deal that solidifies the future of our company." He went on to warn the staff not to talk to the media.

"Once a new payroll provider comes online we will process the payrolls immediately and sequentially," Kirchner's Slack message read.

In the emailed statement to Insider, Kirchner said: "The company's recent payroll issues resulted from the company's inability to timely liquidate funds from an otherwise attractive investment vehicle in order to make recent payroll and not from any funding shortfall. As a result of the company's failure to make payroll, our payroll processor terminated its relationship with the company, further complicating our efforts to restore payroll. The funds needed to make payroll have now been liquidated and we have engaged a new payroll processor," he said, adding that payroll would be caught up "in the coming days."