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Wanderers Ways. Neil Thompson 1961-2021

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Posted

Not being funny but is this some Twitter bollocks

Are you implying that some of the stuff posted on Twitter shouldn't always be taken as gospel?

Posted

Not only is it bollocks but then posting it on here as some itk bollocks is even more bollocks

 

Before I say bollocks I'm just looking for some sauce

Posted

So does administration now make sense as preferable to a winding up order? Genuine question that.

Think it's obvious that this Deano bid is as dodgy as hell, shady characters looking to make a fast buck off what assets we have.

Still more bad news to come I think, it never ends

Posted (edited)

I've heard the Thai lot are the same ones that were linked with us last year. If that's true, it'll be Bryan Marcar and his Bec Tero company.

Edited by Blondi
Posted (edited)

I think that Bryan Marcar guy from Bek Tero hinted at bringing Thai players over the last time he was linked in taking us over, things just get better! Hmm, him or Deano?

Edited by Blondi
Posted (edited)

So does administration now make sense as preferable to a winding up order? Genuine question that.

Think it's obvious that this Deano bid is as dodgy as hell, shady characters looking to make a fast buck off what assets we have.

Still more bad news to come I think, it never ends

The club wouldn't be wound up as long as their are enough assets to cover the debts - if ED isn't calling his in the the HMRC and the other smaller creditors should get all their money back without the club being wound up

 

They would go for a winding up order to force us into administration so the assets are sold and they get payment

 

If we are put into administration / wound up then the HMRC is only owed a very small percentage of the overall paper debt (including ED's whic is still technically on the books) then they would only get a small percentage of asset sales

 

The club want to obviously avoid administration and the points deduction that comes with it but an administration led asset fire sale suits none of the creditors so I'd assume it's a few weeks off yet in the worst case - I would guess all the talk is Trevor Birch telling the potential buyers "shit or get off the pot"

Edited by birch-chorley
Posted

If ED is prepared to wipe off the debt but there is no realistic bid, he could put us into admin, sell off the assists and take his share of that.

 

He would probably get more money that way.

Posted

True - but then again he owns the club lock, stock and barrel so doesn't need to put us into admin to strip the assets

 

Look at Blackpool for an example - the owners there have plundered the club of everything without having to go into admin

 

Owners can do as they please

Posted

True - but then again he owns the club lock, stock and barrel so doesn't need to put us into admin to strip the assets

 

Look at Blackpool for an example - the owners there have plundered the club of everything without having to go into admin

 

Owners can do as they please

Im no expert but I think he has to go into admin to be able to stop paying the players otherwise if he sells the assets wouldn't he have to use the money to pay creditors/players?

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