Sluffy Posted July 10, 2019 Share Posted July 10, 2019 Just now, Mounts Kipper said: What happens if creditors vote no to the 35% settlement? Then either FV up's its offer, which seems unlikely in view of no other bidders being interested in the club and what it will cost to keep it running as a going concern, or, as the Administrators report clearly indicated, liquidation will take place. I guess the unsecured creditors will in that case be probably a great deal worse off because it would seem to me that all the club assets already have secured charges against them. At 35p in the £, I'm already guessing that the agreement is to pay the unsecured creditors over three years and not two - presumably because FV isn't flushed with money to settle sooner. Link to comment Share on other sites More sharing options...
JJ10 Posted July 10, 2019 Share Posted July 10, 2019 Sorry to be dim as I don’t quite understand it, but in a simple answer... can the takeover now not be announced/done until after this date? Or can it be announced and completed then this vote take place afterwards? Link to comment Share on other sites More sharing options...
Mantra Posted July 10, 2019 Share Posted July 10, 2019 I just don’t get why they set the deadline so late. Link to comment Share on other sites More sharing options...
Mounts Kipper Posted July 10, 2019 Share Posted July 10, 2019 4 minutes ago, Sluffy said: Then either FV up's its offer, which seems unlikely in view of no other bidders being interested in the club and what it will cost to keep it running as a going concern, or, as the Administrators report clearly indicated, liquidation will take place. I guess the unsecured creditors will in that case be probably a great deal worse off because it would seem to me that all the club assets already have secured charges against them. At 35p in the £, I'm already guessing that the agreement is to pay the unsecured creditors over three years and not two - presumably because FV isn't flushed with money to settle sooner. The 35% is EFL rules and is 3 year payback period, that suggests that FV ain’t cash rich, as if they’d paid it back in 12 months they’d be able to offer 25% according to EFL rules. Link to comment Share on other sites More sharing options...
radcliffe white Posted July 10, 2019 Share Posted July 10, 2019 (edited) I wouldn’t worry so much about players fitness those out of contract looking for clubs will be keeping fit plus you don’t need to gel in a parkinson side as he will change it week after just as well we are away first gives more time to sort ticketing out Edited July 10, 2019 by radcliffe white Link to comment Share on other sites More sharing options...
Sluffy Posted July 10, 2019 Share Posted July 10, 2019 Just now, Mounts Kipper said: The 35% is EFL rules and is 3 year payback period, that suggests that FV ain’t cash rich, as if they’d paid it back in 12 months they’d be able to offer 25% according to EFL rules. I know. That's exactly what I said. I'm not understanding why you are telling me something I have just told you/everyone else? Link to comment Share on other sites More sharing options...
dave2980 Posted July 10, 2019 Share Posted July 10, 2019 13 minutes ago, bwfcfan5 said: They will be weeks away from fitness and gelling together at a team. You might as well accept the first 5 or 6 games will be defeats. Mind realistically next season is going to be the grimmest in living memory regardless now. Aren't you a bundle of joy Link to comment Share on other sites More sharing options...
Mantra Posted July 10, 2019 Share Posted July 10, 2019 Not sure if it’s true but sounds more positive than I thought. Link to comment Share on other sites More sharing options...
Rizlar Posted July 10, 2019 Share Posted July 10, 2019 I have a migrane Link to comment Share on other sites More sharing options...
bwfcfan5 Posted July 10, 2019 Share Posted July 10, 2019 6 minutes ago, Mantra said: Not sure if it’s true but sounds more positive than I thought. That dude on twitter is differing from Sluffy. Will there be a fight? Link to comment Share on other sites More sharing options...
Mantra Posted July 10, 2019 Share Posted July 10, 2019 2 minutes ago, bwfcfan5 said: That dude on twitter is differing from Sluffy. Will there be a fight? Nixon is also disagreeing with him, who is right? Only one way to find out... Link to comment Share on other sites More sharing options...
Matty Posted July 10, 2019 Share Posted July 10, 2019 8 minutes ago, Mantra said: Nixon is also disagreeing with him, who is right? Only one way to find out... Ask Howard? Link to comment Share on other sites More sharing options...
Traf Posted July 10, 2019 Share Posted July 10, 2019 Nixon would disagree with his own reflection if it kept him in the public eye. Link to comment Share on other sites More sharing options...
Tommy Banks Posted July 10, 2019 Share Posted July 10, 2019 Will we have a club to support that’s what people want to know, thought I’d sort of got my head round it but now I’m more confused than ever Link to comment Share on other sites More sharing options...
Mantra Posted July 10, 2019 Share Posted July 10, 2019 1 minute ago, Matty said: Ask Howard? Ok. @Damocles who is right? Link to comment Share on other sites More sharing options...
bwfcfan5 Posted July 10, 2019 Share Posted July 10, 2019 Nixon is out of his depth and getting schooled on twitter by that jme dude...who does actually seem to know his stuff. Link to comment Share on other sites More sharing options...
barrycowdrill Posted July 10, 2019 Share Posted July 10, 2019 I’ve never regretted having the ability to read before, but I’m there now 😴 Link to comment Share on other sites More sharing options...
Pricey Posted July 10, 2019 Share Posted July 10, 2019 What will happen to a Finnish man if you push him into water??? Link to comment Share on other sites More sharing options...
Site Supporter Biggish Dave Posted July 10, 2019 Site Supporter Share Posted July 10, 2019 I have known JME for many years in a professional capacity, he’s worked in insolvency for years so I’d backhis judgement over Nixon on the rules every day of the week Link to comment Share on other sites More sharing options...
gonzo Posted July 10, 2019 Share Posted July 10, 2019 1 minute ago, bwfcfan5 said: Nixon is out of his depth and getting schooled on twitter by that jme dude...who does actually seem to know his stuff. Was it not the JME dude that Nixon told everyone to follow in the first place? Link to comment Share on other sites More sharing options...
Mantra Posted July 10, 2019 Share Posted July 10, 2019 1 minute ago, gonzo said: Was it not the JME dude that Nixon told everyone to follow in the first place? If you mean the other day, it was someone called Ash. Link to comment Share on other sites More sharing options...
gonzo Posted July 10, 2019 Share Posted July 10, 2019 (edited) Edit cheers mantra... Appears not sorry, it was @Ash61265092 for some reason 🤔 Edited July 10, 2019 by gonzo Link to comment Share on other sites More sharing options...
lowcarbon Posted July 10, 2019 Share Posted July 10, 2019 37 minutes ago, Mantra said: I just don’t get why they set the deadline so late. 7 working days, I am guessing. Link to comment Share on other sites More sharing options...
gonzo Posted July 10, 2019 Share Posted July 10, 2019 seems pretty confident this chap Link to comment Share on other sites More sharing options...
bwfcfan5 Posted July 10, 2019 Share Posted July 10, 2019 1 minute ago, gonzo said: seems pretty confident this chap Given he works in insolvency I’d say he knows his stuff. Link to comment Share on other sites More sharing options...
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