Take Over

[Youri McAnespie]

Contrary to most opinion, some of the rich don't become rich through graft and/or luck - they get there through being fucking parasites.

I wish we could've burned this leechlike cunt off our club with a lit cigarette three years ago...

It seems even death brings Eddie Davies no respite from putting his hand in his pocket, again, and I couldn't think of a less worthy benificiary.

Edited May 8, 2019 by Youri McAnespie

[Ani]

Feels like an attempt to call someone’s bluff. 

[Tonge moor green jacket]

1 minute ago, radcliffewhite1 said:

Yes my take it allows time to sort the formalities out for administration & like you say in the event of a buyer 

 

Hope so.

Reckon it means Ken's out of the equation now though.

[Zico]

2 minutes ago, Ani said:

Feels like an attempt to call someone’s bluff. 

wouldn't be the first time

[radcliffe white]

When does the efl decide our punishment? 

Potential buyers could be waiting on the severity 

[Matty]

Does the notice of intent mean we still get deducted the points?

[Okocha10]

This should of been solved in court really can not believe they have adjourned this just off the intent we are filling for admin, after twice saying we are imminently about to be bought out just so we could get the court to adjourn the case.

Edited May 8, 2019 by Okocha10

[radcliffe white]

2 minutes ago, Matty said:

Does the notice of intent mean we still get deducted the points?

Not until it’s confirmed we have entered administration 

Edited May 8, 2019 by radcliffe white

[Tommy Banks]

Well as it stands we’re not in Admin. Fcuk knows what happens now, to sort it out. 

[Biffo666]

Radio 5 news just said KA put club into admin n 12 point deduction- amateur and inaccurate reporting again 

[Take Hunt Off]

3 minutes ago, Biffo666 said:

Radio 5 news just said KA put club into admin n 12 point deduction- amateur and inaccurate reporting again 

They the bbc are inaccurate all over the globe fwiw.

[Freddie Hill]

1 minute ago, Take Hunt Off said:

They the bbc are inaccurate all over the globe fwiw.

 

[Marc505]

Not that it's primary concern yet still, but this is another shambolic pre-season in the making.

[radcliffe white]

Just now, Marc505 said:

Not that it's primary concern yet still, but this is another shambolic pre-season in the making.

No Portugal or Spain then 

 

[chrisw99]

2 minutes ago, Marc505 said:

Not that it's primary concern yet still, but this is another shambolic pre-season in the making.

And god knows how it will affect season ticket sales - normally they'd be on sale now with early birds for the next 4 weeks. 

A little bit concerned our direct debits "auto-renew", when does the first payment for next season come out?  I'm tempted to cancel my DD with the bank.

 

[Wanderlust]

So if we are in admin and it was initiated by the Davies family does that mean that:

• Anderson is now likely to get his 5 million?
• Is it likely that it will be ringfenced to pay back the 5 million he borrowed from ED or is there a way he can avoid repayment? (plus the other 3 million)?
• Davies family will have to cough up a further 5 million for admin?
• That they probably have a buyer lined up otherwise they wouldn't have triggered it in the first place - and are taking the risk that their preferred buyer will win the auction?

[Guest]

2 minutes ago, chrisw99 said:

And god knows how it will affect season ticket sales - normally they'd be on sale now with early birds for the next 4 weeks. 

A little bit concerned our direct debits "auto-renew", when does the first payment for next season come out?  I'm tempted to cancel my DD with the bank.

 

You should, as there might not be any footy

[Youri McAnespie]

If that was a valid reason everyone would've cancelled years ago.

[radcliffe white]

5 minutes ago, Mr Grey said:

Kathy L in slag wellies

Thinking more of June Ackland 

[Matthew1234]

While all of this is going on; lets not forget this is a further 2 weeks that staff at the club and hotel will go without being paid. We all thought this would be the final date for a decision, and instead we still aren't in administration, and players such as Pawel can leave tomorrow, free of charge.

It's a total disgrace. 

[barrycowdrill]

Chairman’s notes - spends more time spouting bollocks about another clown and how his families reputation has been affected (oh poor Ken) than apologising for the shit storm and self gaining actions he has taken

what a complete and utter rancid twat this fella is

[Rizlar]

4 minutes ago, Matthew1234 said:

While all of this is going on; lets not forget this is a further 2 weeks that staff at the club and hotel will go without being paid. We all thought this would be the final date for a decision, and instead we still aren't in administration, and players such as Pawel can leave tomorrow, free of charge.

It's a total disgrace. 

Nothing surprises me anymore 

[Howardroark]

I have today learned that Moonshift putting the club in to admin does not result in the collection and transfer of collateral (shares) from KA. Therefore KA will still owe Moonshift £5M on the fixed charge.

The main issue for Moonshift is the funding of administration and I’m told this will be done by 

a) Reducing club outgoings by allowing players and staff to walk, or alternatively making them redundant upon appointment of administrators. 

b) Some funding provided by FV 

c) Club funds currently in place 

The reason that FV are considered to be favourites and are probably going to be the only bidder is because they have a deal   with PBP & Warburton that will see the novation of the debt obligation to FV. This reduces the costs of buying from admin by £8M. 

Worth noting though that FV fell at the same hurdle as Bassini and for the exact same reason- couldn’t provide EFL with proof of funds for ongoing support.

[lowcarbon]

Would I be correct in thinking 10 working days to get an Administration company in, with all creditors agreed on the company?

10 working days to finalise a sale of the club and hotel, lock stock and barrel?

If neither have been done before 22nd May then the judge will/can wind up?

[hughmungus]

Need @Howardroark to come back and explain it all to us now

 

Edit - he has oops ! , Well sort of and tbh I still don't understand things

Edited May 8, 2019 by hughmungus