Howardroark Posted March 19, 2019 Share Posted March 19, 2019 10 minutes ago, Jcookie said: What decision do you think the judge will make tomorrow? I think liquidation but the next week will bring a sale and a ‘recission’ to stop the WU order. I don’t know if Ken will actually apply for an extension if he’s trying to force a sale because it just leaves him on the hook for wages again. Link to comment Share on other sites More sharing options...
Moderators Casino Posted March 19, 2019 Moderators Share Posted March 19, 2019 So, today we have a winding up petition in place Tomorrow evening we could be under a winding up order But liquidators would only be appointed a week later Leaving a week for a deal? Is that it? Link to comment Share on other sites More sharing options...
Howardroark Posted March 19, 2019 Share Posted March 19, 2019 1 minute ago, Casino said: So, today we have a winding up petition in place Tomorrow evening we could be under a winding up order But liquidators would only be appointed a week later Leaving a week for a deal? Is that it? No, liquidators appointed immediately (the actual process takes a few days) but 5 working days to appeal/find the cash to remove the order. Link to comment Share on other sites More sharing options...
Moderators Casino Posted March 19, 2019 Moderators Share Posted March 19, 2019 So, every chance that tomorrows headlines are that we have been wound up and will be liquidated? But that still leaves time for a rescue? Link to comment Share on other sites More sharing options...
Site Supporter HomerJay Posted March 19, 2019 Site Supporter Share Posted March 19, 2019 I would assume a deal WILL happen but it's just a case of damage limitation for ken. He stands to lose a lot of money, doesnt he? Link to comment Share on other sites More sharing options...
Howardroark Posted March 19, 2019 Share Posted March 19, 2019 4 minutes ago, Casino said: So, every chance that tomorrows headlines are that we have been wound up and will be liquidated? But that still leaves time for a rescue? Yes and yes, tomorrow sets a very real countdown timer. Link to comment Share on other sites More sharing options...
Howardroark Posted March 19, 2019 Share Posted March 19, 2019 1 minute ago, HomerJay said: I would assume a deal WILL happen but it's just a case of damage limitation for ken. He stands to lose a lot of money, doesnt he? In liquidation, yes, and possibly more than just money. He will almost certainly be asked to return any funds he has taken from the club over the past couple of years. Asset sale should clear 75% of his Moonshift debt. In administration; will probably break even/owe Moonshift a couple of million that they’ll never see, although there’s literally nobody (other than HMRC) to fund administration. Link to comment Share on other sites More sharing options...
Moderators Casino Posted March 19, 2019 Moderators Share Posted March 19, 2019 3 minutes ago, Howardroark said: Yes and yes, tomorrow sets a very real countdown timer. Which if you are to be believed 're the other bidder, is exactly what this mess needs Link to comment Share on other sites More sharing options...
Howardroark Posted March 19, 2019 Share Posted March 19, 2019 1 minute ago, Casino said: Which if you are to be believed 're the other bidder, is exactly what this mess needs It does, although Ken will try until the very last moment to find another buyer to take it off him directly. Link to comment Share on other sites More sharing options...
Leedswhite Posted March 19, 2019 Share Posted March 19, 2019 Have it on ITK authority it’s looking bleak, can’t say anymore but very trusted source who is an expert in corporate distress / recovery really worried for the club I love Link to comment Share on other sites More sharing options...
Moderators Casino Posted March 19, 2019 Moderators Share Posted March 19, 2019 4 minutes ago, Leedswhite said: Have it on ITK authority it’s looking bleak, can’t say anymore but very trusted source who is an expert in corporate distress / recovery really worried for the club I love Nobody, however much of an expert he is, knows how this plays out You would need to know what was going on behind the scenes Link to comment Share on other sites More sharing options...
Leedswhite Posted March 20, 2019 Share Posted March 20, 2019 2 minutes ago, Casino said: Nobody, however much of an expert he is, knows how this plays out You would need to know what was going on behind the scenes He does know what’s going on, that’s why I’m so concerned!! Link to comment Share on other sites More sharing options...
birch-chorley Posted March 20, 2019 Share Posted March 20, 2019 Just now, Leedswhite said: He does know what’s going on, that’s why I’m so concerned!! Your ITK contact, it isn’t TV’s very own Nick Knowles is it Link to comment Share on other sites More sharing options...
Moderators Casino Posted March 20, 2019 Moderators Share Posted March 20, 2019 Be reet Link to comment Share on other sites More sharing options...
Gonk Posted March 20, 2019 Share Posted March 20, 2019 So next week could see Brexit and Bwexit Link to comment Share on other sites More sharing options...
Site Supporter HomerJay Posted March 20, 2019 Site Supporter Share Posted March 20, 2019 (edited) 15 minutes ago, Casino said: Nobody, however much of an expert he is, knows how this plays out You would need to know what was going on behind the scenes Even then you wouldn't know. Not even the closest can see the end of this yet. Edited March 20, 2019 by HomerJay Link to comment Share on other sites More sharing options...
Rubberkex Posted March 20, 2019 Share Posted March 20, 2019 3 hours ago, stevieb said: Cheers. Just for any wiganers reading, nowt personal, the bet was because your take over was dragging and you were under an embargo and we'd just signed your blue eye boy wildschutt. Turned out well! None taken. Link to comment Share on other sites More sharing options...
Lostock Whites Posted March 20, 2019 Share Posted March 20, 2019 The problem is, is that Eddie Davies saved us last time, as he was willing to, because he had an unbreakable love for this club. Ken Anderson meanwhile couldn’t give 2 flying shits from Beevers about this club, the only thing he cares about is how he personally, financially gets out of this, and that’s why no deal had happened thus far. Hes a cancer to this club, and the sooner he’s gone the better Link to comment Share on other sites More sharing options...
mickbrown Posted March 20, 2019 Share Posted March 20, 2019 26 minutes ago, Casino said: Be reet Exactly Massive fanny drama queens the lot of you. If not, a season ticket at Alty will be peanuts. Every cloud and all that. Link to comment Share on other sites More sharing options...
Benny The Ball Posted March 20, 2019 Share Posted March 20, 2019 Does anyone know if anyone is attending court who intends tweeting updates ? I remember back in 2016 Ian Firth (@SuperWhiteSmurf on Twitter) attended the court case, and live-tweeted the whole thing for the benefit of others. If anyone hears of anything can they post details please Link to comment Share on other sites More sharing options...
Boothy Posted March 20, 2019 Share Posted March 20, 2019 Perhaps today is the day our esteemed journalist proves his worth? Link to comment Share on other sites More sharing options...
Site Supporter Ratwhite Posted March 20, 2019 Site Supporter Share Posted March 20, 2019 11 minutes ago, Boothy said: Perhaps today is the day our esteemed journalist proves his worth? Cant see Iles being at court, looks like it might rain. Link to comment Share on other sites More sharing options...
Eavesy Posted March 20, 2019 Share Posted March 20, 2019 25 minutes ago, Boothy said: Perhaps today is the day our esteemed journalist proves his worth? Been to Poland to buy some paint for his living room. due to book a week off to paint it. probably the week we officially get wound up Link to comment Share on other sites More sharing options...
Site Supporter desperado Posted March 20, 2019 Site Supporter Share Posted March 20, 2019 11 hours ago, Casino said: Howard, you know my thoughts on your credibility Why did Michael James get into bed with basran? They’re friends, they studied together. Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted March 20, 2019 Site Supporter Share Posted March 20, 2019 It’s all going to be ok Link to comment Share on other sites More sharing options...
Recommended Posts