up and away Posted 21 January, 2009 Share Posted 21 January, 2009 Originally Posted by Scummer Firstly, it's not a question of 10 points or 17, it would be 10 plus 17, 27 in total which I think is what a couple of teams started on this year? My point was that if we go into admin and take the 10 point hit, it's unlikely that we'd get things sorted until the summer. We'd then have a further 17 point deduction to start next season with. How in fooks name can applying points deductions over two seasons be justified ? If that is the case, we are not just looking at relegation, and administration, we are looking at winding-up within a couple of years as well if we dont find a buyer with money. Fookin hooray, a chink of light is starting to come through. If we go into administration it will be because we cannot meet all our liabilities and have no chance of meeting our CVA's and all will be carried forward to next year. Maybe you would like to offer an opinion as to what more Lowe could have done to avoid administration? Maybe get a bit nasty with all those high earning players he was trying to get rid of? or would that be too much of a turn of face for you? We will be as nigh on as bad as Leeds were with one noteable exception, no Ken Bates or Leeds crowds just to keep afloat. Just "You show me yours and I'll show you mine" Leon to come to our rescue, who's been up to his neck in this mess from the beginning. If we go into administration in the current climate, I can easily see a situation where we could end up ground sharing with Eastliegh, because we were in the wrong place at the wrong time. Again administration puts any efforts on the field into the no real significance bin for what we could optimistically expect. This will all come back to one thing, ****ing all those transfer fees and parachute monies against the wall. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 21 January, 2009 Share Posted 21 January, 2009 Fookin hooray, a chink of light is starting to come through. If we go into administration it will be because we cannot meet all our liabilities and have no chance of meeting our CVA's and all will be carried forward to next year. Maybe you would like to offer an opinion as to what more Lowe could have done to avoid administration? Maybe get a bit nasty with all those high earning players he was trying to get rid of? or would that be too much of a turn of face for you? We will be as nigh on as bad as Leeds were with one noteable exception, no Ken Bates or Leeds crowds just to keep afloat. Just "You show me yours and I'll show you mine" Leon to come to our rescue, who's been up to his neck in this mess from the beginning. If we go into administration in the current climate, I can easily see a situation where we could end up ground sharing with Eastliegh, because we were in the wrong place at the wrong time. Again administration puts any efforts on the field into the no real significance bin for what we could optimistically expect. This will all come back to one thing, ****ing all those transfer fees and parachute monies against the wall. I was skimming through a resume of Leeds demise and take-over yesterday. Bates put in quite a lot of money really.Krasner had already pumped in quite a lot as well.However when Bates wanted to buy them all out completely there was a problem because Krasner had agreed with "bond holders" that no buyer could obtain a stake greater than 50% within 3 years or something like that. You see Bates,even buying the club out of administration, was bound by earlier covenants. You'd have to read through the entire article yourselves to get the real facts but it was no cake-walk and cost Bates 12 to 15 million.Krasner had already reduced the debts to 40 million (from 103 million) at that time. Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 21 January, 2009 Share Posted 21 January, 2009 Fookin hooray, a chink of light is starting to come through. If we go into administration it will be because we cannot meet all our liabilities and have no chance of meeting our CVA's and all will be carried forward to next year. Maybe you would like to offer an opinion as to what more Lowe could have done to avoid administration? Maybe get a bit nasty with all those high earning players he was trying to get rid of? or would that be too much of a turn of face for you? We will be as nigh on as bad as Leeds were with one noteable exception, no Ken Bates or Leeds crowds just to keep afloat. Just "You show me yours and I'll show you mine" Leon to come to our rescue, who's been up to his neck in this mess from the beginning. If we go into administration in the current climate, I can easily see a situation where we could end up ground sharing with Eastliegh, because we were in the wrong place at the wrong time. Again administration puts any efforts on the field into the no real significance bin for what we could optimistically expect. This will all come back to one thing, ****ing all those transfer fees and parachute monies against the wall. By not coming back and causing a 5000 in the attendances? Link to comment Share on other sites More sharing options...
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