We will have enough problems signing players... Finding a manager and then just for fun having to make up 12 points....is this a wind up cos I'm not laughing!
I don't see how admin solves anything. The real problem is mainly Roland still owning the ground and Sparrows Lane. Admin doesn't help here as he would still own it. Needs everyone being sensible. Trouble is with the characters involved that's not likely to be the case. Who is going to put us in admin anyway? not going to be the owners, they would lose everything. Creditors, they could keep it going for quite a few months selling Phillips, Doughty, Bowyer in the hope of a mad buyer
I don't see how admin solves anything. The real problem is mainly Roland still owning the ground and Sparrows Lane. Admin doesn't help here as he would still own it. Needs everyone being sensible. Trouble is with the characters involved that's not likely to be the case. Who is going to put us in admin anyway? not going to be the owners, they would lose everything. Creditors, they could keep it going for quite a few months selling Phillips, Doughty, Bowyer in the hope of a mad buyer
It wipes the debt, which is what is driving his price. It pushes £7m ex-director loans on to him. It leaves him at risk of picking up the business rates, security, insurance and utilities on the two sites, with no rent. The business will collapse into admin if it is not able to compete in the EFL with the current owners and cannot be sold to new ones because of Duchatelet.
Any buyer outside admin is currently picking up a £50m commitment in four years’ time that will make no possible sense.
I don't see how admin solves anything. The real problem is mainly Roland still owning the ground and Sparrows Lane. Admin doesn't help here as he would still own it. Needs everyone being sensible. Trouble is with the characters involved that's not likely to be the case. Who is going to put us in admin anyway? not going to be the owners, they would lose everything. Creditors, they could keep it going for quite a few months selling Phillips, Doughty, Bowyer in the hope of a mad buyer
It wipes the debt, which is what is driving his price. It pushes £7m ex-director loans on to him. It leaves him at risk of picking up the business rates, security, insurance and utilities on the two sites, with no rent. The business will collapse into admin if it is not able to compete in the EFL with the current owners and cannot be sold to new ones because of Duchatelet.
Any buyer outside admin is currently picking up a £50m commitment in four years’ time that will make no possible sense.
So if the debt is wiped, and a buyer is looking to buy the rest from RD, how much would RD be looking to sell for if he only has the stadium and training ground left thats worth anything? Would he still try and keep the ground?
I don't see how admin solves anything. The real problem is mainly Roland still owning the ground and Sparrows Lane. Admin doesn't help here as he would still own it. Needs everyone being sensible. Trouble is with the characters involved that's not likely to be the case. Who is going to put us in admin anyway? not going to be the owners, they would lose everything. Creditors, they could keep it going for quite a few months selling Phillips, Doughty, Bowyer in the hope of a mad buyer
It wipes the debt, which is what is driving his price. It pushes £7m ex-director loans on to him. It leaves him at risk of picking up the business rates, security, insurance and utilities on the two sites, with no rent. The business will collapse into admin if it is not able to compete in the EFL with the current owners and cannot be sold to new ones because of Duchatelet.
Could you explain what debt you are referring to...? I thought the only debt was on the books to the club. How is this "wiped". We don't owe any major creditor (yet) & the staff & players have been paid to date.
As someone posted above, I think going into administration would be a very bad idea Starting next season on -12 points with hardly any experienced players is a recipe for disaster. Just ask Bolton. And there is no guarantee that AB/PV would buy us, or that the Administratiors would sell the club to them.
If we were in administration, and somehow surviving playing elsewhere, then whoever the administrators could sell the football club side of things to (if anybody) presumably they would need to be able to pass the EFL test.
I don't see how admin solves anything. The real problem is mainly Roland still owning the ground and Sparrows Lane. Admin doesn't help here as he would still own it. Needs everyone being sensible. Trouble is with the characters involved that's not likely to be the case. Who is going to put us in admin anyway? not going to be the owners, they would lose everything. Creditors, they could keep it going for quite a few months selling Phillips, Doughty, Bowyer in the hope of a mad buyer
It wipes the debt, which is what is driving his price. It pushes £7m ex-director loans on to him. It leaves him at risk of picking up the business rates, security, insurance and utilities on the two sites, with no rent. The business will collapse into admin if it is not able to compete in the EFL with the current owners and cannot be sold to new ones because of Duchatelet.
Any buyer outside admin is currently picking up a £50m commitment in four years’ time that will make no possible sense.
But the club has very little debt surely?
It has an obligation to buy the ground at a massively inflated price, but that's not due imminently
I don't see how admin solves anything. The real problem is mainly Roland still owning the ground and Sparrows Lane. Admin doesn't help here as he would still own it. Needs everyone being sensible. Trouble is with the characters involved that's not likely to be the case. Who is going to put us in admin anyway? not going to be the owners, they would lose everything. Creditors, they could keep it going for quite a few months selling Phillips, Doughty, Bowyer in the hope of a mad buyer
It wipes the debt, which is what is driving his price. It pushes £7m ex-director loans on to him. It leaves him at risk of picking up the business rates, security, insurance and utilities on the two sites, with no rent. The business will collapse into admin if it is not able to compete in the EFL with the current owners and cannot be sold to new ones because of Duchatelet.
Could you explain what debt you are referring to...? I thought the only debt was on the books to the club. How is this "wiped". We don't owe any major creditor (yet) & the staff & players have been paid to date.
The debt is to Staprix I think, basically the money RD spent to keep the club running was in the form of loans from his other company Staprix. He wants that back.
I don't see how admin solves anything. The real problem is mainly Roland still owning the ground and Sparrows Lane. Admin doesn't help here as he would still own it. Needs everyone being sensible. Trouble is with the characters involved that's not likely to be the case. Who is going to put us in admin anyway? not going to be the owners, they would lose everything. Creditors, they could keep it going for quite a few months selling Phillips, Doughty, Bowyer in the hope of a mad buyer
It wipes the debt, which is what is driving his price. It pushes £7m ex-director loans on to him. It leaves him at risk of picking up the business rates, security, insurance and utilities on the two sites, with no rent. The business will collapse into admin if it is not able to compete in the EFL with the current owners and cannot be sold to new ones because of Duchatelet.
Any buyer outside admin is currently picking up a £50m commitment in four years’ time that will make no possible sense.
Ok thanks, that helps. However I still am not sure who will put us into admin in the near future. Current owners have no incentive (nothing to lose anyway ) and creditors can be paid from sales. That maybe until Christmas or so. Unless EFL kicked us out the league.
Isn't the £50m an option not a commitment so if somebody bought the club and we played at another ground it is not a liability. Therefore as I see a negotiation with Roland is needed anyway (at least to keep the Valley).
Is there any other way admin can be influenced or am I missing something?
I don't see how admin solves anything. The real problem is mainly Roland still owning the ground and Sparrows Lane. Admin doesn't help here as he would still own it. Needs everyone being sensible. Trouble is with the characters involved that's not likely to be the case. Who is going to put us in admin anyway? not going to be the owners, they would lose everything. Creditors, they could keep it going for quite a few months selling Phillips, Doughty, Bowyer in the hope of a mad buyer
It wipes the debt, which is what is driving his price. It pushes £7m ex-director loans on to him. It leaves him at risk of picking up the business rates, security, insurance and utilities on the two sites, with no rent. The business will collapse into admin if it is not able to compete in the EFL with the current owners and cannot be sold to new ones because of Duchatelet.
Any buyer outside admin is currently picking up a £50m commitment in four years’ time that will make no possible sense.
Ok thanks, that helps. However I still am not sure who will put us into admin in the near future. Current owners have no incentive (nothing to lose anyway ) and creditors can be paid from sales. That maybe until Christmas or so. Unless EFL kicked us out the league.
Isn't the £50m an option not a commitment so if somebody bought the club and we played at another ground it is not a liability. Therefore as I see a negotiation with Roland is needed anyway (at least to keep the Valley).
Is there any other way admin can be influenced or am I missing something?
No, it’s a commitment, I understand. That’s why it’s an obstacle.
Still, Roland’s got a guarantee from Nimer over the money, so no problem there.
For a idea of how next season could go for us take Bolton this season as an example. If we go into admin thats a start on -12 points, and a squad filled with mostly youth players due to transfer embargos. That and no crowds allowed in the Valley for a big chunk of the season.
Comments
We will have enough problems signing players... Finding a manager and then just for fun having to make up 12
points....is this a wind up cos I'm not laughing!
Who is going to put us in admin anyway? not going to be the owners, they would lose everything.
Creditors, they could keep it going for quite a few months selling Phillips, Doughty, Bowyer in the hope of a mad buyer
Any buyer outside admin is currently picking up a £50m commitment in four years’ time that will make no possible sense.
As someone posted above, I think going into administration would be a very bad idea
Starting next season on -12 points with hardly any experienced players is a recipe for disaster. Just ask Bolton. And there is no guarantee that AB/PV would buy us, or that the Administratiors would sell the club to them.
It has an obligation to buy the ground at a massively inflated price, but that's not due imminently
The debt is to Staprix I think, basically the money RD spent to keep the club running was in the form of loans from his other company Staprix. He wants that back.
Isn't the £50m an option not a commitment so if somebody bought the club and we played at another ground it is not a liability. Therefore as I see a negotiation with Roland is needed anyway (at least to keep the Valley).
Is there any other way admin can be influenced or am I missing something?