Barry the Badger Posted 28 April, 2009 Share Posted 28 April, 2009 Firstly, the "buyers" who are circling to take over your club. Well, they will have to come up with what you owe HMRC in taxes in order to avoid an extra 15 points deduction. Truth is, as it stands, you will start next season minus 25 points if you are taken over, because there is no rational way to come out of administration except to pay off the debts, meaning the new owners need to stump up £24-million just for that, and then have a few more million available to run the club successfully. I'm not sure that's right. Surely we don't have to pay off the entire mortgage, just get it back on schedule if we're behind. We have nowhere near the level of 'bad' debt that Leeds had. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 28 April, 2009 Share Posted 28 April, 2009 Tuesday midday and nothings been seen to happen. I am doubtful that anything will happen this week at all. i think the prospective buyers are offering chicken sh*t and the creditors are saying nul prosequi. Next week maybe, nothing this week IMO. Link to comment Share on other sites More sharing options...
krissyboy31 Posted 28 April, 2009 Share Posted 28 April, 2009 Tuesday midday and nothings been seen to happen. I am doubtful that anything will happen this week at all. i think the prospective buyers are offering chicken sh*t and the creditors are saying nul prosequi. Next week maybe, nothing this week IMO. "Before Sunday's game" was what was said on tv, yesterday. Link to comment Share on other sites More sharing options...
DT Posted 28 April, 2009 Share Posted 28 April, 2009 yeah. 0.3 of the week gone and 'only' 0.7 left. good one. Link to comment Share on other sites More sharing options...
bridge too far Posted 28 April, 2009 Share Posted 28 April, 2009 "Before Sunday's game" was what was said on tv, yesterday. Aaaah - the old 'when does the week start' debate Link to comment Share on other sites More sharing options...
Window Cleaner Posted 28 April, 2009 Share Posted 28 April, 2009 yeah. 0.3 of the week gone and 'only' 0.7 left. good one. Friday will be a dead day this week, Monday next being Spring bank holiday and all that. Tomorrow or Thursday, if not it's next Tuesday at the earliest. Link to comment Share on other sites More sharing options...
Saint Billy Posted 28 April, 2009 Share Posted 28 April, 2009 It is apparent that we are all going slightly mad due to the painful wait. Link to comment Share on other sites More sharing options...
OldNick Posted 28 April, 2009 Share Posted 28 April, 2009 Friday will be a dead day this week, Monday next being Spring bank holiday and all that. Tomorrow or Thursday, if not it's next Tuesday at the earliest.The costs keep clocking up on sundays as well as the bank holiday.It is getting desperate.The moment any money the club has runs out or a creditor pushes a little harder and we cant pay up it is all over.No chance to raid the pigggy bank , the admoinistrator has to liquidate.We cant just think oh well it hasnt happened this week there is always next week. Administration for SLH was always going to be a very dangerous thing and whilst i was expecting this stuff i dont feel any better for realising it. As quick as we were told the club had been docked -10 it will be the same warning when we are told SFC is in liquidation and gone forever. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 28 April, 2009 Share Posted 28 April, 2009 The costs keep clocking up on sundays as well as the bank holiday.It is getting desperate.The moment any money the club has runs out or a creditor pushes a little harder and we cant pay up it is all over.No chance to raid the pigggy bank , the admoinistrator has to liquidate.We cant just think oh well it hasnt happened this week there is always next week. Administration for SLH was always going to be a very dangerous thing and whilst i was expecting this stuff i dont feel any better for realising it. As quick as we were told the club had been docked -10 it will be the same warning when we are told SFC is in liquidation and gone forever. But surely this is the investors ploy, brinksmanship, the longer it goes on the better any offer looks. The administrator is using gee up tactics, the investors are using Woah there Neddy tactics. Nothing this week looks like a good bet to me. Remember Coventry. Link to comment Share on other sites More sharing options...
david in sweden Posted 29 April, 2009 Author Share Posted 29 April, 2009 The costs keep clocking up on sundays as well as the bank holiday.It is getting desperate.The moment any money the club has runs out or a creditor pushes a little harder and we cant pay up it is all over.No chance to raid the pigggy bank , the admoinistrator has to liquidate.We cant just think oh well it hasnt happened this week there is always next week. Administration for SLH was always going to be a very dangerous thing and whilst i was expecting this stuff i dont feel any better for realising it. As quick as we were told the club had been docked -10 it will be the same warning when we are told SFC is in liquidation and gone forever. Thats the bit that worries me, too nick ! Link to comment Share on other sites More sharing options...
egreog Posted 29 April, 2009 Share Posted 29 April, 2009 Hope the players don't get double time on bank holidays!........if its not sorted by Friday then isn't Tuesday too late?........when is the deadline for a deal? Link to comment Share on other sites More sharing options...
OldNick Posted 29 April, 2009 Share Posted 29 April, 2009 But surely this is the investors ploy, brinksmanship, the longer it goes on the better any offer looks. The administrator is using gee up tactics, the investors are using Woah there Neddy tactics. Nothing this week looks like a good bet to me. Remember Coventry. I cant recall Coventry too much but I assume SISU had all in place to act immediately.We dont know where our bidders are or if the talk is correct that there is little money in the coffers , when does it run out? As soon as it does my understanding is that we immedaitely go into liquidation. Could Clapham tell us if that is correct or is there warning given? Link to comment Share on other sites More sharing options...
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