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Sheffield Wednesday - Into Administration (p44)
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And they have been funding the club during the last 2 months.....at a loss of c£1m pm. None if which is refundable.Henry Irving said:Pulled out, they say, because they discovered the club isn't worth the money they offered.
This could get even messier for them next season
I wonder if our friendly Accountant & his Solicitor pal are interested 😀0 -
P'raps we should have a whip round. Don't want to lose the three points we took off them earlier in the season if it's the end, not that I think it will be.0
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golfaddick said:
And they have been funding the club during the last 2 months.....at a loss of c£1m pm. None if which is refundable.Henry Irving said:Pulled out, they say, because they discovered the club isn't worth the money they offered.
This could get even messier for them next season
I wonder if our friendly Accountant & his Solicitor pal are interested 😀
Bannan, Cadamarteri and an academy player were sold in January, which covered much of the losses you imagine1 -
Isn't Bord being sued by someone at another club he's involved with? That's surely the real reason he's pulled out2
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Yeah his ex business partner is suing him for not declaring how much debt there was at Cordoba. Bord said it was debt free , was actually £20m in the redfenaddick said:Isn't Bord being sued by someone at another club he's involved with? That's surely the real reason he's pulled out2 -
Only Portsmouth and Blackburn have played them twice so far.cfgs said:
Some of our rivals may have already taken more off them.swordfish said:P'raps we should have a whip round. Don't want to lose the three points we took off them earlier in the season if it's the end, not that I think it will be.
Wednesday actually managed their only win this season over Pompey, with Pompey winning the return game.
Blackburn won one and drew one.
Norwich play them tonight and drew the other game.
Wouldn't really benefit us much if they couldn't finish the season as it stands ATM.0 -
Well that theory lasted no time at all. 🤣CaptainRobbo said:
Only Portsmouth and Blackburn have played them twice so far.cfgs said:
Some of our rivals may have already taken more off them.swordfish said:P'raps we should have a whip round. Don't want to lose the three points we took off them earlier in the season if it's the end, not that I think it will be.
Wednesday actually managed their only win this season over Pompey, with Pompey winning the return game.
Blackburn won one and drew one.
Norwich play them tonight and drew the other game.
Wouldn't really benefit us much if they couldn't finish the season as it stands ATM.1 -
So if they are out of cash and need to move on other players, can they do that outside the window? Would be helpful if they are even more depleted by the time we play them in April0
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Administrators have already said they have enough money to complete the season.Athletico Charlton said:So if they are out of cash and need to move on other players, can they do that outside the window? Would be helpful if they are even more depleted by the time we play them in April1 -
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They may be down to the bare bones by the time we play them.Athletico Charlton said:So if they are out of cash and need to move on other players, can they do that outside the window? Would be helpful if they are even more depleted by the time we play them in April
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I know this might be a stupid question.
Why did the Administrator annouce Bord as the preferred bidder as opposed to some who were in a better position? Eg Ashley?
If I have missed something so glaringly obvious apologies in advance..currently jet lagged in Singapore1 -
Their job is to try and secure the best deal. Bord's bid was the highest by far, apparently £47.8m which is a crazy sum for a club in that state.lolwray said:I know this might be a stupid question.
Why did the Administrator annouce Bord as the preferred bidder as opposed to some who were in a better position? Eg Ashley?
If I have missed something so glaringly obvious apologies in advance..currently jet lagged in Singapore
I don't think they take into consideration who might be best long term. If Bord bid 47m and Ashley bid (for example) 30m, i think they are obliged to accept the highest offer.6 -
Chris_from_Sidcup said:
Their job is to try and secure the best deal. Bord's bid was the highest by far, apparently £47.8m which is a crazy sum for a club in that state.lolwray said:I know this might be a stupid question.
Why did the Administrator annouce Bord as the preferred bidder as opposed to some who were in a better position? Eg Ashley?
If I have missed something so glaringly obvious apologies in advance..currently jet lagged in Singapore
I don't think they take into consideration who might be best long term. If Bord bid 47m and Ashley bid (for example) 30m, i think they are obliged to accept the highest offer.
The irony is the administrators are Sheff Wed fans, so probably knew this guy was a chancer, but could do nothing about it as they had to take the ‘best’ bid for the club. They probably even knew we would not pass the fit and proper test. Football is a mess.Chris_from_Sidcup said:
Their job is to try and secure the best deal. Bord's bid was the highest by far, apparently £47.8m which is a crazy sum for a club in that state.lolwray said:I know this might be a stupid question.
Why did the Administrator annouce Bord as the preferred bidder as opposed to some who were in a better position? Eg Ashley?
If I have missed something so glaringly obvious apologies in advance..currently jet lagged in Singapore
I don't think they take into consideration who might be best long term. If Bord bid 47m and Ashley bid (for example) 30m, i think they are obliged to accept the highest offer.2 -
Thanks for that it just confirms what I thought... plain ludicrousChris_from_Sidcup said:
Their job is to try and secure the best deal. Bord's bid was the highest by far, apparently £47.8m which is a crazy sum for a club in that state.lolwray said:I know this might be a stupid question.
Why did the Administrator annouce Bord as the preferred bidder as opposed to some who were in a better position? Eg Ashley?
If I have missed something so glaringly obvious apologies in advance..currently jet lagged in Singapore
I don't think they take into consideration who might be best long term. If Bord bid 47m and Ashley bid (for example) 30m, i think they are obliged to accept the highest offer.0 -
Tut, Tut. 😉moutuakilla said:2 -
It is fundamentally an administrator’s job to get the best return for the company's creditors as a whole. The legal objective is to achieve a better result for the creditors than would be likely if the company were immediately wound up (liquidated).
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Will this have an impact at the EFL on the Leicester case. Kicking cans down the road just makes the mess tougher to clean up later.0
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Shouldn't do, they are two separate things and will be looked at by different people.letthegoodtimesroll said:Will this have an impact at the EFL on the Leicester case. Kicking cans down the road just makes the mess tougher to clean up later.0 -
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JohnnyH2 said:He's been seen in the directors box there earlier this season.He joined up with Walton and Hersham recently as well, he gets about a bit.0
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He was seen on the golf course at Sundridge Park last week. Is he buying the Golf club as well ?ElfsborgAddick said:JohnnyH2 said:He's been seen in the directors box there earlier this season.He joined up with Walton and Hersham recently as well, he gets about a bit.2 -
He should have a word with Tony Jimenez if he is 😉golfaddick said:
He was seen on the golf course at Sundridge Park last week. Is he buying the Golf club as well ?ElfsborgAddick said:JohnnyH2 said:He's been seen in the directors box there earlier this season.He joined up with Walton and Hersham recently as well, he gets about a bit.3 -
golfaddick said:
He was seen on the golf course at Sundridge Park last week. Is he buying the Golf club as well ?ElfsborgAddick said:JohnnyH2 said:He's been seen in the directors box there earlier this season.He joined up with Walton and Hersham recently as well, he gets about a bit.
For the members sake I hope not, to cut costs he'd make all tees to be off a mat and make the greens temporary.
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7-iron?golfaddick said:
He was seen on the golf course at Sundridge Park last week. Is he buying the Golf club as well ?ElfsborgAddick said:JohnnyH2 said:He's been seen in the directors box there earlier this season.He joined up with Walton and Hersham recently as well, he gets about a bit.
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bobmunro said:
7-iron?golfaddick said:
He was seen on the golf course at Sundridge Park last week. Is he buying the Golf club as well ?ElfsborgAddick said:JohnnyH2 said:He's been seen in the directors box there earlier this season.He joined up with Walton and Hersham recently as well, he gets about a bit.
Probably paying a wedge for it as well.
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Sounds rough1
