If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
That's the world of business and commerce I'm afraid. Thousands of them fall on hard times and cannot continue trading so administration and or winding up gives an opportunity for the owners to start over again with a clean slate.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living / profits for their shareholders. The key is try not put all your eggs in one basket and have a well spread debtor book.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
That's the world of business and commerce I'm afraid. Thousands of them fall on hard times and cannot continue trading so administration and or winding up gives an opportunity for the owners to start over again with a clean slate.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living. The key is try not put all your eggs in one basket and have a well spread debtor book.
All well and good but football clubs always come up smelling of roses whilst the small businesses take a sometimes fatal hit. Tell me the last football club that came out of administration and suffered hugely as a business ? In most cases it’s like almost nothing had happened. I know the rules have changed somewhat to sanction clubs with points deductions but big deal. Was it Leicester some years ago went into administration and the following season moved into a new stadium. I’m sure the small traders that got paid 1 in the pound were chuffed.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
That's the world of business and commerce I'm afraid. Thousands of them fall on hard times and cannot continue trading so administration and or winding up gives an opportunity for the owners to start over again with a clean slate.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living. The key is try not put all your eggs in one basket and have a well spread debtor book.
All well and good but football clubs always come up smelling of roses whilst the small businesses take a sometimes fatal hit. Tell me the last football club that came out of administration and suffered hugely as a business ? In most cases it’s like almost nothing had happened. I know the rules have changed somewhat to sanction clubs with points deductions but big deal. Was it Leicester some years ago went into administration and the following season moved into a new stadium. I’m sure the small traders that got paid 1 in the pound were chuffed.
It doesn't sit easy with me either but them's the arrangements for struggling businesses not just Football clubs to call it a day. All they are doing is taking a legal route available to them as unethical or unfair as it may seem.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
That's the world of business and commerce I'm afraid. Thousands of them fall on hard times and cannot continue trading so administration and or winding up gives an opportunity for the owners to start over again with a clean slate.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living. The key is try not put all your eggs in one basket and have a well spread debtor book.
All well and good but football clubs always come up smelling of roses whilst the small businesses take a sometimes fatal hit. Tell me the last football club that came out of administration and suffered hugely as a business ? In most cases it’s like almost nothing had happened. I know the rules have changed somewhat to sanction clubs with points deductions but big deal. Was it Leicester some years ago went into administration and the following season moved into a new stadium. I’m sure the small traders that got paid 1 in the pound were chuffed.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
That's the world of business and commerce I'm afraid. Thousands of them fall on hard times and cannot continue trading so administration and or winding up gives an opportunity for the owners to start over again with a clean slate.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living. The key is try not put all your eggs in one basket and have a well spread debtor book.
All well and good but football clubs always come up smelling of roses whilst the small businesses take a sometimes fatal hit. Tell me the last football club that came out of administration and suffered hugely as a business ? In most cases it’s like almost nothing had happened. I know the rules have changed somewhat to sanction clubs with points deductions but big deal. Was it Leicester some years ago went into administration and the following season moved into a new stadium. I’m sure the small traders that got paid 1 in the pound were chuffed.
It doesn't sit easy with me either but them's the arrangements for struggling businesses not just Football clubs to call it s day. All they are doing is taking a legal route available to them as unethical or unfair as it may seem.
Quite, but I like to think the culture of our club - and what our local community means to us - is different from others.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
That's the world of business and commerce I'm afraid. Thousands of them fall on hard times and cannot continue trading so administration and or winding up gives an opportunity for the owners to start over again with a clean slate.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living. The key is try not put all your eggs in one basket and have a well spread debtor book.
All well and good but football clubs always come up smelling of roses whilst the small businesses take a sometimes fatal hit. Tell me the last football club that came out of administration and suffered hugely as a business ? In most cases it’s like almost nothing had happened. I know the rules have changed somewhat to sanction clubs with points deductions but big deal. Was it Leicester some years ago went into administration and the following season moved into a new stadium. I’m sure the small traders that got paid 1 in the pound were chuffed.
Southampton too。
Didn't their fans raise money to make sure all local businesses got back what they were owed? Might have totally imagined that!
Speaking of administration.... Aston Villa may be there shortly. The club is losing £20-30M per year, the owner is not being allowed to get his money out of China by the government, he cannot fund the club's losses and rumor is he is willing to sell the club at a big loss ASAP.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
That's the world of business and commerce I'm afraid. Thousands of them fall on hard times and cannot continue trading so administration and or winding up gives an opportunity for the owners to start over again with a clean slate.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living. The key is try not put all your eggs in one basket and have a well spread debtor book.
All well and good but football clubs always come up smelling of roses whilst the small businesses take a sometimes fatal hit. Tell me the last football club that came out of administration and suffered hugely as a business ? In most cases it’s like almost nothing had happened. I know the rules have changed somewhat to sanction clubs with points deductions but big deal. Was it Leicester some years ago went into administration and the following season moved into a new stadium. I’m sure the small traders that got paid 1 in the pound were chuffed.
It doesn't sit easy with me either but them's the arrangements for struggling businesses not just Football clubs to call it s day. All they are doing is taking a legal route available to them as unethical or unfair as it may seem.
Quite, but I like to think the culture of our club - and what our local community means to us - is different from others.
Maybe I'm a fool.
No you're not a fool, but I'd wager that the vast majority of our fans would still be still be watching the club far more than those attending at present had we gone into administration and risen from the ashes to the Prem.
Fans love for their clubs goes as deep if not deeper than their morals it would seem elsewhere, why would our fan base be any different? Up to five thousand are still buying season tickets with the madman still in charge.
Speaking of administration.... Aston Villa may be there shortly. The club is losing £20-30M per year, the owner is not being allowed to get his money out of China by the government, he cannot fund the club's losses and rumor is he is willing to sell the club at a big loss ASAP.
Here’s hoping this news isn’t being reported in Australia.....
I think we're going to struggle next season unless the takeover happens this week. The Welling friendly is soon and we're now in danger of having to sign players at the last minute who haven't had pre season training. We've been through that before with RDs bargain bin recruitment process so we know how that ends. Could be looking at 2 more seasons in league 1 now but at least we'll be rid of the Ro-loon Douchebag
I think we're going to struggle next season unless the takeover happens this week. The Welling friendly is soon and we're now in danger of having to sign players at the last minute who haven't had pre season training. We've been through that before with RDs bargain bin recruitment process so we know how that ends. Could be looking at 2 more seasons in league 1 now but at least we'll be rid of the Ro-loon Douchebag
Agree, but surely any sensible footballer is doing pre-season fitness work anyway. Also, this delayed start will make our 20 game winning streak in 2019 all the more exhilarating.
So many of the issues holding up the sale are not RD’s fault as it’s turned out. Had he done DD he would have walked away, and the club would have gone into administration. (Maybe for the better as people are saying)
This takeover may be the best thing that’s happened to the club for many years. So many major problems have been, or are being, sorted out. It’s unbelievable really. For whatever reason the Aussies have stuck with it. You can see why other bidders walked away.
Without new owners the club might struggle to survive right now. RD is cutting every cost to the bone. If the Aussies were to walk now, what do you think he would do? Cut and run I’d say. Fire sale? It wouldn’t be pretty, that’s for sure.
So many of the issues holding up the sale are not RD’s fault as it’s turned out. Had he done DD he would have walked away, and the club would have gone into administration. (Maybe for the better as people are saying)
This takeover may be the best thing that’s happened to the club for many years. So many major problems have been, or are being, sorted out. It’s unbelievable really. For whatever reason the Aussies have stuck with it. You can see why other bidders walked away.
Without new owners the club might struggle to survive right now. RD is cutting every cost to the bone. If the Aussies were to walk now, what do you think he would do? Cut and run I’d say. Fire sale? It wouldn’t be pretty, that’s for sure.
Terrifying that our clubs in this country have been permitted to get into this state over the years. Ugly stuff.
Does this vindicate some of the stuff Murray has been saying over the years I wonder? i. e. has he been made aware of this mess from the cash era historically or is this all coming to the fore for the first time?
Wonder if the mess will ever be truly unravelled and revealed to us.
What horrors have been uncovered in our financial past I wonder. Let’s hope this takeover happens soon. Should it collapse now it would seem we might be in a very difficult place.
So many of the issues holding up the sale are not RD’s fault as it’s turned out. Had he done DD he would have walked away, and the club would have gone into administration. (Maybe for the better as people are saying)
This takeover may be the best thing that’s happened to the club for many years. So many major problems have been, or are being, sorted out. It’s unbelievable really. For whatever reason the Aussies have stuck with it. You can see why other bidders walked away.
Without new owners the club might struggle to survive right now. RD is cutting every cost to the bone. If the Aussies were to walk now, what do you think he would do? Cut and run I’d say. Fire sale? It wouldn’t be pretty, that’s for sure.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
That's the world of business and commerce I'm afraid. Thousands of them fall on hard times and cannot continue trading so administration and or winding up gives an opportunity for the owners to start over again with a clean slate.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living. The key is try not put all your eggs in one basket and have a well spread debtor book.
All well and good but football clubs always come up smelling of roses whilst the small businesses take a sometimes fatal hit. Tell me the last football club that came out of administration and suffered hugely as a business ? In most cases it’s like almost nothing had happened. I know the rules have changed somewhat to sanction clubs with points deductions but big deal. Was it Leicester some years ago went into administration and the following season moved into a new stadium. I’m sure the small traders that got paid 1 in the pound were chuffed.
And Birse, who built the bloody stadium, had to write off £5.5m as Leicester went into admin and got promoted to the prem the season after.
So many of the issues holding up the sale are not RD’s fault as it’s turned out. Had he done DD he would have walked away, and the club would have gone into administration. (Maybe for the better as people are saying)
This takeover may be the best thing that’s happened to the club for many years. So many major problems have been, or are being, sorted out. It’s unbelievable really. For whatever reason the Aussies have stuck with it. You can see why other bidders walked away.
Without new owners the club might struggle to survive right now. RD is cutting every cost to the bone. If the Aussies were to walk now, what do you think he would do? Cut and run I’d say. Fire sale? It wouldn’t be pretty, that’s for sure.
Terrifying that our clubs in this country have been permitted to get into this state over the years. Ugly stuff.
Does this vindicate some of the stuff Murray has been saying over the years I wonder? i. e. has he been made aware of this mess from the cash era historically or is this all coming to the fore for the first time?
Wonder if the mess will ever be truly unravelled and revealed to us.
What horrors have been uncovered in our financial past I wonder. Let’s hope this takeover happens soon. Should it collapse now it would seem we might be in a very difficult place.
Yes it’s known and I can’t see any way it won’t be revealed. And yes, it would be very difficult if it collapsed now.
So many of the issues holding up the sale are not RD’s fault as it’s turned out. Had he done DD he would have walked away, and the club would have gone into administration. (Maybe for the better as people are saying)
This takeover may be the best thing that’s happened to the club for many years. So many major problems have been, or are being, sorted out. It’s unbelievable really. For whatever reason the Aussies have stuck with it. You can see why other bidders walked away.
Without new owners the club might struggle to survive right now. RD is cutting every cost to the bone. If the Aussies were to walk now, what do you think he would do? Cut and run I’d say. Fire sale? It wouldn’t be pretty, that’s for sure.
Care to share what you know ???
Made promise not to, but I’m sure it will be revealed. Someone like Airman will pull all the threads together and explain it properly. I don’t think I fully understand it if I’m honest. Or maybe GM perhaps. He’ll know all about it having sat through all the meetings.
Being grateful to RD for "saving" the club from almost certain administration is like the story of the guy who fell through a trapdoor and was miraculously "saved" from breaking both his legs by the noose round his neck.
Being grateful to RD for "saving" the club from almost certain administration is like the story of the guy who fell through a trapdoor and was miraculously "saved" from breaking both his legs by the noose round his neck.
But we keep being told that there was nobody else interested in buying us.........
Being grateful to RD for "saving" the club from almost certain administration is like the story of the guy who fell through a trapdoor and was miraculously "saved" from breaking both his legs by the noose round his neck.
But we keep being told that there was nobody else interested in buying us.........
So many of the issues holding up the sale are not RD’s fault as it’s turned out. Had he done DD he would have walked away, and the club would have gone into administration. (Maybe for the better as people are saying)
This takeover may be the best thing that’s happened to the club for many years. So many major problems have been, or are being, sorted out. It’s unbelievable really. For whatever reason the Aussies have stuck with it. You can see why other bidders walked away.
Without new owners the club might struggle to survive right now. RD is cutting every cost to the bone. If the Aussies were to walk now, what do you think he would do? Cut and run I’d say. Fire sale? It wouldn’t be pretty, that’s for sure.
Care to share what you know ???
Made promise not to, but I’m sure it will be revealed. Someone like Airman will pull all the threads together and explain it properly. I don’t think I fully understand it if I’m honest. Or maybe GM perhaps. He’ll know all about it having sat through all the meetings.
Am I the only person who hasn't got a clue who GM is?
So many of the issues holding up the sale are not RD’s fault as it’s turned out. Had he done DD he would have walked away, and the club would have gone into administration. (Maybe for the better as people are saying)
This takeover may be the best thing that’s happened to the club for many years. So many major problems have been, or are being, sorted out. It’s unbelievable really. For whatever reason the Aussies have stuck with it. You can see why other bidders walked away.
Without new owners the club might struggle to survive right now. RD is cutting every cost to the bone. If the Aussies were to walk now, what do you think he would do? Cut and run I’d say. Fire sale? It wouldn’t be pretty, that’s for sure.
Terrifying that our clubs in this country have been permitted to get into this state over the years. Ugly stuff.
Does this vindicate some of the stuff Murray has been saying over the years I wonder? i. e. has he been made aware of this mess from the cash era historically or is this all coming to the fore for the first time?
Wonder if the mess will ever be truly unravelled and revealed to us.
Maybe not because even the journalist types like Airman would find it difficult to be impartial because having been inside the Charlton tent, he knows where the bodies are burried, but having been caught in the knife throwing may find it difficult to give an unbiased view on the shenanigans.
The timeline and major players covers the period from Murray selling to Jimenez, Slater and Cash to the quick sale to Duchatelet to the elephants pregnancy of the current impasse.
Other than Peter Varney, their just seems too many shady characters (I reserve judgement on the Aussie guys) involved and the big losers are the fans, you and me that have seen us go from a well run Premier club to a comedy third tier club who could fall even further down the football pyramid if the myriad of technical issues aren't resolved very soon.
An independent transparent review of The stated period would be interesting to know so we could learn and move on but too many people may go mute for that too happen.
Comments
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living / profits for their shareholders. The key is try not put all your eggs in one basket and have a well spread debtor book.
Maybe I'm a fool.
Fans love for their clubs goes as deep if not deeper than their morals it would seem elsewhere, why would our fan base be any different? Up to five thousand are still buying season tickets with the madman still in charge.
Also, this delayed start will make our 20 game winning streak in 2019 all the more exhilarating.
This takeover may be the best thing that’s happened to the club for many years. So many major problems have been, or are being, sorted out. It’s unbelievable really. For whatever reason the Aussies have stuck with it. You can see why other bidders walked away.
Without new owners the club might struggle to survive right now. RD is cutting every cost to the bone. If the Aussies were to walk now, what do you think he would do? Cut and run I’d say. Fire sale? It wouldn’t be pretty, that’s for sure.
Does this vindicate some of the stuff Murray has been saying over the years I wonder? i. e. has he been made aware of this mess from the cash era historically or is this all coming to the fore for the first time?
Wonder if the mess will ever be truly unravelled and revealed to us.
And yes, it would be very difficult if it collapsed now.
Or maybe GM perhaps. He’ll know all about it having sat through all the meetings.
I generally feel like we are stuck with RD, i haven't been reading the thread recently but with our current squad we will not get promoted
Who is he or is this just code for someone?
The timeline and major players covers the period from Murray selling to Jimenez, Slater and Cash to the quick sale to Duchatelet to the elephants pregnancy of the current impasse.
Other than Peter Varney, their just seems too many shady characters (I reserve judgement on the Aussie guys) involved and the big losers are the fans, you and me that have seen us go from a well run Premier club to a comedy third tier club who could fall even further down the football pyramid if the myriad of technical issues aren't resolved very soon.
An independent transparent review of The stated period would be interesting to know so we could learn and move on but too many people may go mute for that too happen.