trousers Posted 12 March, 2009 Author Share Posted 12 March, 2009 How much influence will the Derby result have on the Administration "decision" ? None. HTH. Cheers. At last, a definitive ITK response. First time for everything on here it would seem. Link to comment Share on other sites More sharing options...
RoswellSaint Posted 12 March, 2009 Share Posted 12 March, 2009 Cheers. At last, a definitive ITK response. First time for everything on here it would seem. Ah, but if he were ITK, he wouldn't be definitive, he would just drop vague hints. So, business as usual. Link to comment Share on other sites More sharing options...
Amesbury Saint Posted 12 March, 2009 Share Posted 12 March, 2009 perhaps Friday will see this type of announcement "unless £x million of investment is secured by Thursday 26th March, then the club will go into administration" Link to comment Share on other sites More sharing options...
trousers Posted 12 March, 2009 Author Share Posted 12 March, 2009 perhaps Friday will see this type of announcement "unless £x million of investment is secured by Thursday 26th March, then the club will go into administration" Perhaps indeed.... Link to comment Share on other sites More sharing options...
Frank's cousin Posted 13 March, 2009 Share Posted 13 March, 2009 i understand that it is all about money weston but there must be a time when the two deciding factors,money and points come together to form a 'no going back' point,when a decision is made to go into admin? if we are potless but safe from relegation would we need to go into admin?...perhaps not,if we are potless and looking like certainties for the drop then perhaps we should take the hit. Entering voluntary administration is not somtething we are likely to do, unless forced admin was a CERTAINTY, we would then perhaps entervolutarily before that time IF there was a relegation/points scenario that benefitted us. If we just get relegated, there is no certainty that administration would follow, just further cost cutting and asset liquidation - in fact if we have survived this long, I think the board must have discussed a relegation plan with teh creditors and agreed an asset sale and cost reduction process as a last resort if if we go down. Link to comment Share on other sites More sharing options...
krissyboy31 Posted 13 March, 2009 Share Posted 13 March, 2009 Entering voluntary administration is not somtething we are likely to do' date=' unless forced admin was a CERTAINTY, we would then perhaps entervolutarily before that time IF there was a relegation/points scenario that benefitted us. If we just get relegated, there is no certainty that administration would follow, just further cost cutting and asset liquidation - in fact if we have survived this long, I think the board must have discussed a relegation plan with teh creditors and agreed an asset sale and cost reduction process as a last resort if if we go down.[/quote'] I don't believe that more cost cutting can be achieved without an even more catastrophic affect on gates, matchday revenue and cashflow. Therefore see administration as inevitable if we get relegated. With the extra TV revenues available to CCC next season, we may just about be out of the woods if we were to stay up. Still a stuggle but we will be in better position to service the debts. If by March 26th, it looks more likely than not, that we will be relegated, then surely it would better to go for a CVA this season and give us more time to sort out finances to give re-promotion a good go, from a zero points start, next season. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 13 March, 2009 Share Posted 13 March, 2009 We are alot closer to admin than some people think. I am also very confidant that if it looks like we are going down anyway, then the plug will be pulled before the end of this month. Having said that, whilst there is a chance of staying up, we might well hang in and take the hit next season. It is not a question of if, but when. We cannot run the club on the gates we are getting at the moment, it barely pays the interest on the overdrafts / mortgage etc. The only way we will get out of this is if we have new investment. We are losing money every day/week/month with the prospect of even less money coming into the club next season ( i suspect about 4-5k season tickets ) then it's just a matter of when. Refresh my memory ..... when did we get "old" Investment ??? ... NONE under Lowe Link to comment Share on other sites More sharing options...
Torres Posted 13 March, 2009 Share Posted 13 March, 2009 Refresh my memory ..... when did we get "old" Investment ??? ... NONE under Lowe Link to comment Share on other sites More sharing options...
NickG Posted 13 March, 2009 Share Posted 13 March, 2009 I don't believe that more cost cutting can be achieved without an even more catastrophic affect on gates, matchday revenue and cashflow. Therefore see administration as inevitable if we get relegated. With the extra TV revenues available to CCC next season, we may just about be out of the woods if we were to stay up. Still a stuggle but we will be in better position to service the debts. If by March 26th, it looks more likely than not, that we will be relegated, then surely it would better to go for a CVA this season and give us more time to sort out finances to give re-promotion a good go, from a zero points start, next season. anyone know the difference in TV income should we get relegated? Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 13 March, 2009 Share Posted 13 March, 2009 Does anybody know if we have sold the land the club owns yet ?? Forgive me but for the life of me i cannot remember what it is called ?? Link to comment Share on other sites More sharing options...
bridge too far Posted 13 March, 2009 Share Posted 13 March, 2009 Does anybody know if we have sold the land the club owns yet ?? Forgive me but for the life of me i cannot remember what it is called ?? Jackson's Farm. Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 13 March, 2009 Share Posted 13 March, 2009 Thats the one, cheers ?? Have we sold it ?? Because there appears to have been a decent sized Sub-station been planted on it ?? Unless it is to help supply other developments but i would not have thought so. Link to comment Share on other sites More sharing options...
bridge too far Posted 13 March, 2009 Share Posted 13 March, 2009 Thats the one, cheers ?? Have we sold it ?? Because there appears to have been a decent sized Sub-station been planted on it ?? Unless it is to help supply other developments but i would not have thought so. There are other posters who know far more than me. Jackson's Farm (or JF as it's affectionately known) hasn't been sold but a developer has paid a sum of money to the club in order to have first option on it if it ever gets planning permission for development. I believe that option expires early next month. Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 13 March, 2009 Share Posted 13 March, 2009 ahh, ok, just wondered, saw them put the Sub up and alarm bells began ringing. Link to comment Share on other sites More sharing options...
SaintBobby Posted 13 March, 2009 Share Posted 13 March, 2009 I'm sure administration will be fended off if there is any mathematical chance of survival. As this is likely to be the case even with 2 or 3 games to go, I don't see us going into admin in the next couple of weeks. I have still not seen anything to suggest that administration is a certainty anyway. Outgoings can be cut still further by shipping out the last few remaining high wage earners and we could probably still raise a few million through player sales (Surman, Lallana and Schneiderlin must be worth £3m between them, even at desperate "everything must go" prices). Presumably, we could sell off Staplewood if we really had to, as well. A big difference with Darlington is that they have been getting crowds of about 3,000. Even if relegated, I'd imagine we'd get 10,000 or so per match. I'd also say that the delay in announcing season ticket prices for next season is a sign that things are not totally irreperable financially. A panicky "renew now at 50% off" deal would have brought in perhaps as much as a million quid. If we were fighting tooth and nail to fend off creditors, it's unlikely that the club is foregoing any season ticket income until our league status is clarified. No one has taken me up on any of my suggested wagers so far, so let's see if I have more joy this time. I'm willing to bet up to £1,000 at evens that we do not go into administration this month. Any takers? If so, PM me. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 13 March, 2009 Share Posted 13 March, 2009 anyone know the difference in TV income should we get relegated? Nearly 3 million £ less from the new deal.Plus whatever Sky money we get now. Under the new BBC deal the CCC get 80% of 264 million over 3 years to be distributed equally among clubs. league 1 gets 12% of that amount and League 2; 8% Link to comment Share on other sites More sharing options...
Window Cleaner Posted 13 March, 2009 Share Posted 13 March, 2009 perhaps Friday will see this type of announcement "unless £x million of investment is secured by Thursday 26th March, then the club will go into administration" Which Friday though. Not today so looks like Red Willie and In the Pink Knickers will have red faces as well. Unless of course Wilde is just going to mention it in passing in his programme notes tomorrow. Link to comment Share on other sites More sharing options...
trousers Posted 13 March, 2009 Author Share Posted 13 March, 2009 ahh, ok, just wondered, saw them put the Sub up and alarm bells began ringing. Excuse my conspiracy theory tendencies but... (a) how would a poster on here not have heard of 'Jacksons Farm' before and (b) how would they know that a new electricity sub station had been recently built on it? An innocent explanation no doubt so excuse my idle curiosity.... (I'd obviously be less curious if you hadn't joined so recently.... ) Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 13 March, 2009 Share Posted 13 March, 2009 Excuse my conspiracy theory tendencies but... (a) how would a poster on here not have heard of 'Jacksons Farm' before and (b) how would they know that a new electricity sub station had been recently built on it? An innocent explanation no doubt so excuse my idle curiosity.... (I'd obviously be less curious if you hadn't joined so recently.... ) Damn...... can't believe you have found out my fiendish plan so soon, No seriously though, it's not that i didn't know it was that i had forgotton the name and was actually about to edit after remembering that a bridge too far kindly re-informed me. As for knowing the sub-station, i am not talking a small sub, it's pretty large. Link to comment Share on other sites More sharing options...
trousers Posted 13 March, 2009 Author Share Posted 13 March, 2009 Damn...... can't believe you have found out my fiendish plan so soon, No seriously though, it's not that i didn't know it was that i had forgotton the name and was actually about to edit after remembering that a bridge too far kindly re-informed me. As for knowing the sub-station, i am not talking a small sub, it's pretty large. The last I heard, there was no development planning permission for Jackson's Farm. So, how come a sub-station has materialised there....anyone? Link to comment Share on other sites More sharing options...
bridge too far Posted 13 March, 2009 Share Posted 13 March, 2009 You are SOOOOO sharp Trousers! Presumably there isn't a big ass sign on 'the piece of land' that has a new substation on it so how did he know it belonged to the club? Curiouser and curiouser eh Link to comment Share on other sites More sharing options...
bridge too far Posted 13 March, 2009 Share Posted 13 March, 2009 The last I heard, there was no development planning permission for Jackson's Farm. So, how come a sub-station has materialised there....anyone? Is there any other development going on near by? That could account for it. Link to comment Share on other sites More sharing options...
trousers Posted 13 March, 2009 Author Share Posted 13 March, 2009 You are SOOOOO sharp Trousers! Presumably there isn't a big ass sign on 'the piece of land' that has a new substation on it so how did he know it belonged to the club? Curiouser and curiouser eh Link to comment Share on other sites More sharing options...
trousers Posted 13 March, 2009 Author Share Posted 13 March, 2009 You are SOOOOO sharp Trousers! Not bad for a Tory boy, eh? I'll reveal all on the Blair and Brown administration too in due course.... Link to comment Share on other sites More sharing options...
Window Cleaner Posted 13 March, 2009 Share Posted 13 March, 2009 Is there any other development going on near by? That could account for it. The Rose Bowl can't be far can it? There are new things happening there I think,hotel maybe. Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 13 March, 2009 Share Posted 13 March, 2009 I was merely pointing out an observation i had when driving past, i believe it is not connected to the railway as i have made enquiries, it could be connected to the development that has happened up the road although i don't think it is directly linked. May be as innocent as just being put up in order to improve the network however if anybody has seen it is quite large. Now i may be mistaken and it may be on the other side of the road (cannot remember completely). (NB - i am not saying i am ITK or anything, just made an observation when i drove past) Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 13 March, 2009 Share Posted 13 March, 2009 The Rose Bowl can't be far can it? There are new things happening there I think,hotel maybe. It maybe but i would imagine the work would have been done a lot closer TBH. Laying underground cable is costly and the council does not like it's roads dug up. Link to comment Share on other sites More sharing options...
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