Moderators Casino Posted January 9, 2019 Moderators Share Posted January 9, 2019 32 minutes ago, Steejay said: Incorrect sir. If your assets are more valuable than your liabilities then you are not trading insolvently. It's when the liabilities (Loans to Warburton, James, Davies etc) exceed the assets. To put it simply, if he borrows £20m against BWFC assets & the asset value is only £19m then this, along with an ongoing loss-making business, would mean that you are insolvent. Thank you And to Dave further up I hoped as much Question though, what effect does the ACV have on the book value of the ground. I presume that normally it would be worth more flattened? Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted January 9, 2019 Site Supporter Share Posted January 9, 2019 Wonder if we'll be organising a coach to Southend as well #FuckDaRevenue #FootballBrotherhood Quote Link to comment Share on other sites More sharing options...
Wullie Posted January 9, 2019 Share Posted January 9, 2019 (edited) The owner of an asset of community value must inform the local authority if they wish to sell the asset. If a group wants to buy the asset, they can trigger a moratorium for six months, to give them a chance to raise the money to purchase the asset. The owner does not have to sell to a community group. The asset of community value listing only improves the chances of community groups being able to purchase by providing more time to raise funds. It does not require the owner to sell at a discount. The listing of a property as an 'Asset of Community Value' lasts for five years after which it is automatically delisted and the restrictions imposed by the covenant are removed. Communities can however apply for the listing to be renewed. Care should be taken to ensure the listing is continuous- apply for renewal not less than 8 weeks before the original listing ends. Edited January 9, 2019 by Wullie Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 9, 2019 Moderators Share Posted January 9, 2019 Just now, Wullie said: The owner of an asset of community value must inform the local authority if they wish to sell the asset. If a group wants to buy the asset, they can trigger a moratorium for six months, to give them a chance to raise the money to purchase the asset. The owner does not have to sell to a community group. The asset of community value listing only improves the chances of community groups being able to purchase by providing more time to raise funds. It does not require the owner to sell at a discount.[4] The listing of a property as an 'Asset of Community Value' lasts for five years after which it is automatically delisted and the restrictions imposed by the covenant are removed. Communities can however apply for the listing to be renewed. Care should be taken to ensure the listing is continuous- apply for renewal not less than 8 weeks before the original listing ends. Yeah, I know that It's more I don't see that the stadium really has much of a value to anybody other than us So how do we value our assets at pushing 1 million? Quote Link to comment Share on other sites More sharing options...
Wullie Posted January 9, 2019 Share Posted January 9, 2019 Doesn't affect value, the value remains whatever someone is willing to pay for it, the ACV just restricts the actions a current owner can do with or to it, and only for 5 years, so the ACV just is a small barrier, and wouldn't affect the club being sold, even though Ken has intimated that it has or would Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted January 9, 2019 Share Posted January 9, 2019 (edited) The reason I’m happy we have ACV is that it stops KA buying the stadium for three pence and renting it back to the club for silly money. That’s happened at other clubs and something we must avoid at all costs. Edited January 9, 2019 by Mounts Kipper Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 9, 2019 Moderators Share Posted January 9, 2019 1 minute ago, Mounts Kipper said: The reason I’m happy we have ACV is that it stops KA buying the stadium for three pence and renting it back to the club for silly money. That’s happened at other clubs and something we must avoid at all costs. Aside from the fact it doesn't Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 9, 2019 Moderators Share Posted January 9, 2019 9 minutes ago, Wullie said: Doesn't affect value, the value remains whatever someone is willing to pay for it, the ACV just restricts the actions a current owner can do with or to it, and only for 5 years, so the ACV just is a small barrier, and wouldn't affect the club being sold, even though Ken has intimated that it has or would The asset has a value on the books That is not what somebody is prepared to pay, it's what somebody estimates somebody will pay Yes? Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted January 9, 2019 Share Posted January 9, 2019 (edited) 1 minute ago, Casino said: Aside from the fact it doesn't It makes it more difficult, can’t do it on the quiet and present us with a fait accompli, better than fuck all as you’d seemingly prefer. Edited January 9, 2019 by Mounts Kipper Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 9, 2019 Moderators Share Posted January 9, 2019 (edited) Just now, Mounts Kipper said: It makes it more difficult though, better than fuck all. So why say it does it would just take him six months. In fact he could've done it by now! Edited January 9, 2019 by Casino Quote Link to comment Share on other sites More sharing options...
Guest Posted January 9, 2019 Share Posted January 9, 2019 1 hour ago, radcliffewhite1 said: Anyway book your places Hope they are taking plenty of soft drinks for the soft twats Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted January 9, 2019 Moderators Share Posted January 9, 2019 21 minutes ago, waffer cup 07 said: If it was true, its probably a case of a threat from the carrot muncher meet by a counter threat from Ken all in the heat of the moment. I don't mean its probably true as in did he say it or not, I've no reason to assume he didn't I mean its probably true that KA "doesn't care" if we go bankrupt as he doesn't lose out Was hoping he'd address that and not resort to a smokescreen of petty jibes aimed at FGR and the BN Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted January 9, 2019 Share Posted January 9, 2019 1 minute ago, Casino said: So why say it does it would just take him six months. In fact he could've done it by now! He can’t buy it without first announcing his intention to and allowing the community raise money to purchase. Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted January 9, 2019 Share Posted January 9, 2019 2 minutes ago, boltondiver said: Hope they are taking plenty of soft drinks for the soft twats Plant pots! Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 9, 2019 Moderators Share Posted January 9, 2019 Just now, ZicoKelly said: I don't mean its probably true as in did he say it or not, I've no reason to assume he didn't I mean its probably true that KA "doesn't care" if we go bankrupt as he doesn't lose out Was hoping he'd address that and not resort to a smokescreen of petty jibes aimed at FGR and the BN Ideally, he'd have come out and said it was just something to shut the bloke, who abandoned his kid, up Which it better have been,cos if that's really his attitude,I'll end up tracking him down myself Be honest though, whatever he says, I'll read it one way, you will read it another Quote Link to comment Share on other sites More sharing options...
Wullie Posted January 9, 2019 Share Posted January 9, 2019 1 minute ago, Casino said: The asset has a value on the books That is not what somebody is prepared to pay, it's what somebody estimates somebody will pay Yes? Yes and No (which is not the answer you were looking for unfortunately), the asset regarding football stadiums is slightly more complicated than other entities. The 2011 Localism Act makes it easier for local communities to bid for and take over the assets, but it still doesn't stop the owner from doing other things, he couldn't though decide to build a supermarket at one end on a whim, not that any club in their right mind would ever do that Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 9, 2019 Moderators Share Posted January 9, 2019 1 minute ago, Mounts Kipper said: He can’t buy it without first announcing his intention to and allowing the community raise money to purchase. And even then he doesnt have to sell to them Even if they double the next offer Seriously mate, ACVs are a waste of time There probably should be something stronger available because they do nowt in the scheme of things Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 9, 2019 Moderators Share Posted January 9, 2019 1 minute ago, Wullie said: Yes and No (which is not the answer you were looking for unfortunately), the asset regarding football stadiums is slightly more complicated than other entities. The 2011 Localism Act makes it easier for local communities to bid for and take over the assets, but it still doesn't stop the owner from doing other things, he couldn't though decide to build a supermarket at one end on a whim, not that any club in their right mind would ever do that Reet, I'll give up as it's getting complicated Other than to ask....are you saying there is something with more teeth than an ACV Quote Link to comment Share on other sites More sharing options...
Wullie Posted January 9, 2019 Share Posted January 9, 2019 (edited) 5 minutes ago, Casino said: Reet, I'll give up as it's getting complicated Other than to ask....are you saying there is something with more teeth than an ACV Not really, the only other Acts regarding football stadiums are around safety and security, the ACV is a cloak and dagger ACt, where you think it protects an community asset, but like anything else, if something went to legal action, it probably would not stand a test case in law, which is why I was surprised Ken made a thing out of it when the ST went ahead, he still owns the asset and can sell to whomever he wants. A bit like Craven Cottage, when they were redeveloping the ground and Mohamed Al-Fayed owned the ground, he could do whatever he wanted, apart from the grade 2 listed building that was part of the ground, now that has far more standing and power as you would imagine Edited January 9, 2019 by Wullie Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted January 9, 2019 Site Supporter Share Posted January 9, 2019 4 minutes ago, Wullie said: Not really, the only other Acts regarding football stadiums are around safety and security, the ACV is a cloak and dagger ACt, where you think it protects an community asset, but like anything else, if something went to legal action, it probably would not stand a test case in law, which is why I was surprised Ken made a thing out of it when the ST went ahead, he still owns the asset and can sell to whomever he wants Cuadrilla? Quote Link to comment Share on other sites More sharing options...
wakey Posted January 9, 2019 Share Posted January 9, 2019 5 hours ago, Sluffy said: Well it seemed abundantly clear that the ST had been in contact with Vince in advance of his public comments about KA - why else would he be running a T-shirt promotion for them as a show of unity against Anderson? It did occur to me if it were they who changed his mind from seemingly 'relaxed with the situation' to hooking Doidge back to FGR a day or so later - maybe they put a serious doubt in his mind that he might not get the first instalment of the deal which presumably he has budgeted into his running costs for the club for the remainder of the season perhaps? It similar crossed my mind if the ST were behind the Baronesses letter too - why else would they randomly send it - maybe even the ST wrote it for them to sign if agreeable to it? Obviously I'm only speculating but clearly there is a solid connection between Vinny and our beloved ST which predates his public views of KA and not something that came from them afterwards. It was the ST who invaded Sudetenland. ITK double fact. Probly. Quote Link to comment Share on other sites More sharing options...
waffer cup 07 Posted January 9, 2019 Share Posted January 9, 2019 18 minutes ago, boltondiver said: Hope they are taking plenty of soft drinks for the soft twats So the loony window lickers are quiet prepared to pay upwards of £34 pounds for coach and ticket to travel well over 100 miles to watch a side they don't support. I wonder how many of them have moaned about paying less than that to watch the team they support. They really do need help. Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted January 9, 2019 Moderators Share Posted January 9, 2019 Just now, Casino said: Ideally, he'd have come out and said it was just something to shut the bloke, who abandoned his kid, up Which it better have been,cos if that's really his attitude,I'll end up tracking him down myself Be honest though, whatever he says, I'll read it one way, you will read it another It depends what he says, and if he can back it up On some occasions I think he's used his column well to react to what's being said about him and have even praised him for this recently when he took Iles to task over something or over But yes I am cynical and doubt most things he says these days because he has a track record of bullshit, all of his own making So far I think folk who are "pro KA" or would rather support him than not do so because they believe if KA wins financially, it means the club do, and even though I don't like him it was that hope that meant I had no time for the anti KA mob going out of their way to give him shit, and begrudgingly gave him some respect that he has a job to get on with I'm now far less convinced, as he had a chance to react, but instead diverted attention by using his column to sling some mud again Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted January 9, 2019 Site Supporter Share Posted January 9, 2019 23 minutes ago, Casino said: Ideally, he'd have come out and said it was just something to shut the bloke, who abandoned his kid, up Which it better have been,cos if that's really his attitude,I'll end up tracking him down myself Be honest though, whatever he says, I'll read it one way, you will read it another Just to back up the bit about his kids, what a family man. Proper values https://www.theguardian.com/commentisfree/2015/mar/13/dale-vince-moved-on-from-child-divorce Quote Link to comment Share on other sites More sharing options...
waffer cup 07 Posted January 9, 2019 Share Posted January 9, 2019 So this do good carrot muncher who likes to give the impression butter wouldn't melt,is actually a tree hugging hippy who's has a business that's failing walked out on his wife and family. Not quite the image he likes to portray. Quote Link to comment Share on other sites More sharing options...
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