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Kane57

Take Over

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8 minutes ago, Escobarp said:

The administrator is there to work to realise the best outcome for all creditors simple as that. They have a duty to attempt to realise more for the creditors than would have been expected in a liquidation. 

The efl processes run at the side of the admin in such as for the club to continue as a going concern the efl would have to approve the new ownership. If the only bidders in town are not approved then the only option would be to liquidate ultimately  

So this bollocks about “future creditors” is just that. Bollocks. 

An administrator is dealing with the here and now not somebody who may be owed money in the future. 

 

Is the correct answer.

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10 hours ago, embankment said:

Just been to the Little Yang Sing.

8 guys in suits having a meal , 4 of them wearing bwfc shirts under the jackets.

Believe me , its happening.

 

Did they appear to have more money than they know what to do with?

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36 minutes ago, hughmungus said:

You mean the man who drives around in a Chauffer driven car with a minder, something very weird about that chap.

And dodgy

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2 hours ago, Matthew1234 said:

Im no expert but I don't believe that is the case. Like I said previously, they have to accept an offer for who they think is the most stable pair of hands for the club, to be accepted by the EFL and to satisfy future creditors. Bassini for example, could walk through with 30m cash but that wouldn't necessarily mean he would own the club if he's the highest bidder. 

That's why forging relationships with key creditors like FV did is important. Don't get me wrong, we could get some rich Chinese owners. From what I've read they sound pretty stable and have been decent in China. I think the biggest problem will be that if FV have the cash and are UK based, this may put them ahead of the pecking order in the eyes of the administrator. At the end of the day none of us know exactly what will happen, I just don't want to get over excited for them to takeover and then it drag for 2 months and never happen. The last month's of this stuff has been pretty painful if I'm honest. 

FV do not have the free cash to purchase from administration or to satisfy the EFL funding requirements. 

Doing ‘deals’ with the secured creditors does not offer a long term solution that an administrator, or indeed EFL would look for. All it shows is a desire to further reduce the entry costs and that is not indicative of a secure bidder. 

The only way that FV would be approved over a Chinese consortium would be if the money saved by doing ‘deals’ was used to repay the unsecured creditors at a higher rate than 25%. 

So the auction that I mentioned will be on the repayments to the unsecured creditors as this is the only flexibility. 

 

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8 minutes ago, Howardroark said:

FV do not have the free cash to purchase from administration or to satisfy the EFL funding requirements. 

Doing ‘deals’ with the secured creditors does not offer a long term solution that an administrator, or indeed EFL would look for. All it shows is a desire to further reduce the entry costs and that is not indicative of a secure bidder. 

The only way that FV would be approved over a Chinese consortium would be if the money saved by doing ‘deals’ was used to repay the unsecured creditors at a higher rate than 25%. 

So the auction that I mentioned will be on the repayments to the unsecured creditors as this is the only flexibility. 

 

Bet there's a few who need the cash quickly too.

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11 hours ago, Traf said:

Howard also said the Davies family were taking Ken's shares off him a month ago.

#attentionseekingbullshittingfantasist

Howard,

You could have called me a cunt publicly on here, rather than sending me a private message.

Rattled?

xxx

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12 minutes ago, Traf said:

Howard,

You could have called me a cunt publicly on here, rather than sending me a private message.

xxx

Can i do it then?

 

 

Only joking C :D 

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That’s not very ladylike Howard. 

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1 hour ago, radcliffewhite1 said:

Thought it’s just mr grey who calls people cunts 

If someone called me a cunt, I would take it as a compliment 😀

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1 hour ago, Traf said:

Howard,

You could have called me a cunt publicly on here, rather than sending me a private message.

Rattled?

xxx

Howard sounds like a proper Lass 😉

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1 hour ago, Traf said:

Howard,

You could have called me a cunt publicly on here, rather than sending me a private message.

Rattled?

xxx

Not wishing to get involved in your private spat, but I doubt Howard is the kind of person to be rattled. Maybe he just sits there at times shaking head head at some responses on here, like we all do.

anyway back to the main discussion, is it happening or what ?

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1 hour ago, Traf said:

Howard,

You could have called me a cunt publicly on here, rather than sending me a private message.

Rattled?

xxx

Not rattled at all, just a little ploy to determine if you were on a personal crusade to discredit my posts and if you could be reasoned with. 

 I do feel sorry for you, wife beaters do typically get found out by their passive aggressiveness on interest forums 🙂

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3 minutes ago, hughmungus said:

Not wishing to get involved in your private spat, but I doubt Howard is the kind of person to be rattled. Maybe he just sits there at times shaking head head at some responses on here, like we all do.

anyway back to the main discussion, is it happening or what ?

If we go into admin on Monday or Tuesday then we can think positively, if not then I’m back to panic stations.

Bad feeling that Ken and Fildraw might be at loggerheads over who the admin is. Still don’t know who is funding the admin either...

Edited by Mantra

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7 minutes ago, Mantra said:

If we go into admin on Monday or Tuesday then we can think positively, if not then I’m back to panic stations.

Bad feeling that Ken and Fildraw might be at loggerheads over who the admin is. Still don’t know who is funding the admin either...

yep that how i feel

 

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29 minutes ago, Howardroark said:

Not rattled at all, just a little ploy to determine if you were on a personal crusade to discredit my posts and if you could be reasoned with. 

 I do feel sorry for you, wife beaters do typically get found out by their passive aggressiveness on interest forums 🙂

For someone supposedly in PR you do seem to get a bit touchy

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14 minutes ago, Duck Egg said:

For someone supposedly in PR you do seem to get a bit touchy

Touchy in respect of defamation of character? Not particularly, as you correctly state, PR is my trade, personal reputation is left at the door. 

 

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Howard, do us a favour love and close the door on your way out. PR isn’t a trade, it’s made up bullshit.

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21 minutes ago, Carlos said:

PR isn’t a trade, it’s made up bullshit

I was once asked in a job interview if I knew the difference between a trade and a profession. Wasted about half an hour as everything I came up with was demonstrably wrong.

The correct answer for anyone wondering is that I haven't got a fucking clue.

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8 minutes ago, wakey said:

I was once asked in a job interview if I knew the difference between a trade and a profession. Wasted about half an hour as everything I came up with was demonstrably wrong.

The correct answer for anyone wondering is that I haven't got a fucking clue.

Depends if shower before work (profession) or after work (trade). 

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I was taken in by Howard's comments earlier in this thread, he/she made a lot a sense at the time, with some big words and tricks of the trade, as such. Now several weeks later, his/her comments appear to be best guesswork and some we will possibly be never know how accurate he/she was. As it stands now, quite a few of the statements have not materialised and/or been totally misleading.

Is or has Howard been working on behalf of someone else, just to keep us fans happy, or some other alternative outcome, we may never know. I for one think Howard should come clean, tell us who and why he or she is working this thread for, in the fashion up to now. 

At the moment I think he is just here as a WUM.

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1 hour ago, Carlos said:

Howard, do us a favour love and close the door on your way out. PR isn’t a trade, it’s made up bullshit.

Didn’t take long did it ? 

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39 minutes ago, lowcarbon said:

I was taken in by Howard's comments earlier in this thread, he/she made a lot a sense at the time, with some big words and tricks of the trade, as such. Now several weeks later, his/her comments appear to be best guesswork and some we will possibly be never know how accurate he/she was. As it stands now, quite a few of the statements have not materialised and/or been totally misleading.

Is or has Howard been working on behalf of someone else, just to keep us fans happy, or some other alternative outcome, we may never know. I for one think Howard should come clean, tell us who and why he or she is working this thread for, in the fashion up to now. 

At the moment I think he is just here as a WUM.

Too much detail to be wumming in my opinion. Also plenty of point in it could of been funnier if it was a laugh

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4 hours ago, Traf said:

Howard,

You could have called me a cunt publicly on here, rather than sending me a private message.

Rattled?

xxx

Straightener outside ticket office 👀

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This business about both Anderson and Fildraw applying for administration. Does anyone know how it's decided e.g. first come first served? decided by a judge? 

And what are the criteria for deciding which of the applications are accepted? 

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