Jump to content
Wanderers Ways. Neil Thompson 1961-2021

Take Over


Kane57

Recommended Posts

11 minutes ago, bwfcfan5 said:

That dude on twitter is differing from Sluffy. Will there be a fight?

I'm a lover not a fighter - I believe Traf is too.

Hope to God I never get in a disagreement with him then, could be embarrassing for the both of us if we had to resolve it!

Anyway the Twitter bloke is apparently an insolvency expert, so who am I to disagree with him however my understanding was that an Administrator submits his report, which he has within the prescribed eight weeks, then calls all the creditors for a meeting within a further two weeks to agree the way forward.  It was my understanding that at this point if a majority of creditors (based on value of debt) rejected his proposal then the issue has to return to the winders court for it to decide what will happen.

I am guessing that the Administrator already knows a majority will vote for his plan (35p in the £, not pay Ken that £5m, etc) and that it allows him to move ahead before the vote?

Maybe this is the same thinking of the twitter 'expert'.

Maybe I'm just wrong but that's how I understood the process to be.

 

Link to comment
Share on other sites

7 minutes ago, Sluffy said:

Yes 

I've said it already in my post above but accept not many bother to read them fully, if it all.

worth reading this thread 

didnt actually see your original post either 👍🏻

Edited by gonzo
Link to comment
Share on other sites

JME is correct, Nixon confusing process with CVA. 

other bidders (and creditors) must be questioning if 35% over 3 years is actually ‘better’ than 25% upfront as per their bids. Will take nearly 2 years to recoup 25%...... 

 

Link to comment
Share on other sites

7 minutes ago, Dr Faustus said:

Names banded about to me today regarding our much loved club:

Gudni

BSA 

Xavi Alonso

Kevin Nolan

Andy Carroll 

 

And this lad knows some shit... 

I very much doubt if any of them will ever be involved, but i'd take BSA, KN and Gudni in a heartbeat....the other two JCL's can fuck off.

Link to comment
Share on other sites

  • Moderators
12 minutes ago, Dr Faustus said:

Names banded about to me today regarding our much loved club:

Gudni

BSA 

Xavi Alonso

Kevin Nolan

Andy Carroll 

 

And this lad knows some shit... 

Does your mate know Alonso started a new job at his hometown club yesterday?

Link to comment
Share on other sites

3 minutes ago, Dr Faustus said:

Well, preference has allegedly been given... 

 

If its bollocks, I frankly don't give a fuck. I don't need a lecture, or insults from those who've used sage

Nice positive rumour mate, no lectures or insults from me.

Just plain old Bowton cynicism.:yahoo: 

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.