The wages are the thing.

150 people need paying.

Thats (and this is utter guesswork) at least £300k 

No one has that ready to go.

Being negative for a moment, if the wages aren’t paid, I’d say it’s game over.

2 minutes ago, Casino said:

It depends

Cos by my limited knowledge, its FV or liquidation

Unless somebody chucks some money in to pay wages etc by Wednesday

No time to bring anyone else in correct. It’s FV or we are gone and admins will inform the EFL of liquidation commencing immediately and the EFL will revoke our membership with the consent of the club. The 14 days are usually a safety net that as per bury is used to salvage something  we have run out of cash as I pointed out would happen 10 days ago and as such the game is up Wednesday 

 

1 minute ago, radcliffewhite1 said:

Not ideal but don’t we have 14 days from tomorrow?

so this could battle on till then 

Not apparently because the Admin have no more money (they have made enough themselves though)

5 minutes ago, Ratwhite said:

Would “another buyer” have to wait until 9am Tuesday morning to send an email / make a phone call?

this is England 

Another issue is FV have put a lot of money into this and into the club despite what a number on here have disputed. They have put a million quid in so it’s not easy for them to walk away. 

so for them to walk away say today they are saying goodbye to a million quid. 

Just now, RUREADY2ROLL said:

Not apparently because the Admin have no more money (they have made enough themselves though)

So then the next set of fixtures until the 14 days get pulled like Bury 

 

Just now, Escobarp said:

Another issue is FV have put a lot of money into this and into the club despite what a number on here have disputed. They have put a million quid in so it’s not easy for them to walk away. 

so for them to walk away say today they are saying goodbye to a million quid. 

Rather lose one million than several.

 

2 minutes ago, Spider said:

The wages are the thing.

150 people need paying.

Thats (and this is utter guesswork) at least £300k 

No one has that ready to go.

Being negative for a moment, if the wages aren’t paid, I’d say it’s game over.

Now this is what I really don't understand. Some clubs with a full squad manage on crowds of 3-4000 and pay everyone. At the moment we only have 5 professionals and kids so who are all these 150 people and even with the crowd on Saturday why cant we balance the books?

3 minutes ago, Escobarp said:

No time to bring anyone else in correct. It’s FV or we are gone and admins will inform the EFL of liquidation commencing immediately and the EFL will revoke our membership with the consent of the club. The 14 days are usually a safety net that as per bury is used to salvage something  we have run out of cash as I pointed out would happen 10 days ago and as such the game is up Wednesday 

 

This is my understanding. Unless someone pitches in or deal advances significantly. 

 

There isn’t another buyer. Certainly not for the football club

costs continue and the admins will not carry on managing it 

the EFL and the admins are both sick to death of this circus 

it’s tomorrow or never. The only saving grace is if there is adequate movement to apply for an extension

Eddie cared about the club. His estate do not care anywhere as much. Ken doesn’t care at all 

there are no other options, no alternative plans it’s down to them 2 parties only to come to an agreement which saves the club. By tomorrow. 

The end 

Edited August 26, 20197 yr by barrycowdrill

4 minutes ago, radcliffewhite1 said:

So then the next set of fixtures until the 14 days get pulled like Bury 

 

No

We will liquidate immediately

FFS get down to the stadium and start protesting!

Genuinely sad and shocked to witness this bollox happening.

Just now, Casino said:

No

We will liquidate immediately

Why because nothing in pot? 

3 minutes ago, RUREADY2ROLL said:

Now this is what I really don't understand. Some clubs with a full squad manage on crowds of 3-4000 and pay everyone. At the moment we only have 5 professionals and kids so who are all these 150 people and even with the crowd on Saturday why cant we balance the books?

Because most of the current books are debts racked up when we had more players, and because Ken didn't inject enough in to cover the old debts, he borrowed more, and didn't pay the bills.

1 minute ago, radcliffewhite1 said:

Why because nothing in pot? 

Yes. Legally they cannot continue to trade. Admins will be liable for any further liabilities that are built up 

Just now, radcliffewhite1 said:

Why because nothing in pot? 

That's it

Unless FV or MJ stick some more in

And why would they when they're getting stick already

It's on MJ this and I don't envy him

 

And let's say he does find it, then the EFL give us 14 days to sort it

So, the immediate issue is 500k being gifted to the club

Cheers gents 

1 minute ago, peelyfeet said:

Because most of the current books are debts racked up when we had more players, and because Ken didn't inject enough in to cover the old debts, he borrowed more, and didn't pay the bills.

Eh?

This is not about past debts

This is about now

Old debts get paid through the sale

24 minutes ago, RUREADY2ROLL said:

Now this is what I really don't understand. Some clubs with a full squad manage on crowds of 3-4000 and pay everyone. At the moment we only have 5 professionals and kids so who are all these 150 people and even with the crowd on Saturday why cant we balance the books?

5,454 x paying on average £18.50? = £100,899.

Doubt that would even cover players wages and daily running costs of Stadium and staff

Edited August 26, 20197 yr by ROVERS F.C.

1 minute ago, ROVERS F.C. said:

5,454 x paying on average £18.50? = £100,899.

Doubt that would even cover players wages and running costs of Stadium.

It should with the players on contract at the moment; apparently its the money owed to the ones left which is the issue.

9 minutes ago, RUREADY2ROLL said:

Now this is what I really don't understand. Some clubs with a full squad manage on crowds of 3-4000 and pay everyone. At the moment we only have 5 professionals and kids so who are all these 150 people and even with the crowd on Saturday why cant we balance the books?

Yep. Obviously more complex than we think, but no first team, manager, nor assistant manager. 

Shit crowds maybe, but it's hard to understand how fv or anyone could get remotely close to balancing books once a team and manager appointed.

25 minutes ago, Casino said:

So anderson is putting the blame at EDTs feet

Could it be then that it's not the bassini case, it's a potential new one broght by EDT against Anderson

Its got to relate to the Bassini case surely 

3 minutes ago, ROVERS F.C. said:

5,454 x paying on average £18.50? = £100,899.

Doubt that would even cover players wages and running costs of Stadium.

Unlikely to be £18.50

53 minutes ago, wakey said:

Thanks for that.

Looks like a second borrower redacted. Any ideas who, or why it's redacted?

It looks like the redacted name has the same address as Ken which might suggest that Mrs Ken was favourite.

I'd have thought that Moonshift wanted more than the (next to worthless) BL shares as security for the loan so there may be another personal charge in favour of Moonshift which might also include the redacted name, if you follow my logic.

P.S. Best offer Ken got for the shares was £200K so who'd lend £5m based on that as the only security?

Edited August 26, 20197 yr by Chris Custodiet

If the Administrators stated that season tickets are going on sale with the risk of the club going bust half way through the season I would buy one even though I rarely go to home matches. 10000 x say £200 average cost would raise £2 million and keep us afloat for a long time with low wages. 

Who would buy?

How much do you reckon Coventry & Ipswich generated, fuck all?