Sluffy Posted July 10, 2019 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.
JJ10 Posted July 10, 2019 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?
Mounts Kipper Posted July 10, 2019 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.
radcliffe white Posted July 10, 2019 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
Sluffy Posted July 10, 2019 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?
dave2980 Posted July 10, 2019 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
Mantra Posted July 10, 2019 Posted July 10, 2019 Not sure if it’s true but sounds more positive than I thought.
Guest Posted July 10, 2019 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?
Mantra Posted July 10, 2019 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...
Matty Posted July 10, 2019 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?
Traf Posted July 10, 2019 Posted July 10, 2019 Nixon would disagree with his own reflection if it kept him in the public eye.
Tommy Banks Posted July 10, 2019 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
Mantra Posted July 10, 2019 Posted July 10, 2019 1 minute ago, Matty said: Ask Howard? Ok. @Damocles who is right?
Guest Posted July 10, 2019 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.
barrycowdrill Posted July 10, 2019 Posted July 10, 2019 I’ve never regretted having the ability to read before, but I’m there now 😴
Pricey Posted July 10, 2019 Posted July 10, 2019 What will happen to a Finnish man if you push him into water???
Biggish Dave Posted July 10, 2019 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
gonzo Posted July 10, 2019 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?
Mantra Posted July 10, 2019 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.
gonzo Posted July 10, 2019 Posted July 10, 2019 (edited) Edit cheers mantra... Appears not sorry, it was @Ash61265092 for some reason 🤔 Edited July 10, 2019 by gonzo
lowcarbon Posted July 10, 2019 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.
Guest Posted July 10, 2019 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.
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