Administration and recovery

Where fellow sufferers gather to share the pain, longing and unrequited transfer requests that make being a Wanderer what it is...

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LeverEnd
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Re: Administration and recovery

Post by LeverEnd » Wed Aug 14, 2019 3:42 pm

Lost Leopard Spot wrote:
Wed Aug 14, 2019 3:41 pm
Why are people celebrating?
Injunction now between Ken and Loz, doesn't affect sale of club.
...

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Lost Leopard Spot
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Re: Administration and recovery

Post by Lost Leopard Spot » Wed Aug 14, 2019 3:43 pm

Enoch wrote:
Wed Aug 14, 2019 3:41 pm
...and the sun peeks over the horizon.
It's a fxcking black hole, mate, shedding x-rays from its rotating disc of flattened primordial ejecta.
That's not a leopard!
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LeverEnd
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Re: Administration and recovery

Post by LeverEnd » Wed Aug 14, 2019 3:43 pm

But rather than celebrating, I eagerly await the wanker's next excuse or delay.
...

Enoch
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Re: Administration and recovery

Post by Enoch » Wed Aug 14, 2019 3:44 pm

Lost Leopard Spot wrote:
Wed Aug 14, 2019 3:41 pm
Why are people celebrating?

Mine wasn't celebratory.

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Worthy4England
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Re: Administration and recovery

Post by Worthy4England » Wed Aug 14, 2019 3:44 pm

Oh apparently judge has said nothing in injunction should prevent the deal being done...

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Worthy4England
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Re: Administration and recovery

Post by Worthy4England » Wed Aug 14, 2019 3:44 pm

That being the deal that was all ready to sign last Thursday...if only this hadn't happened - should see an announcement before 17:00 today I would have thought.

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Re: Administration and recovery

Post by BWFC_Insane » Wed Aug 14, 2019 3:45 pm

Worthy4England wrote:
Wed Aug 14, 2019 3:44 pm
Oh apparently judge has said nothing in injunction should prevent the deal being done...
Wording was changed to clarify. I note sadly that Iles' take is that sale can go ahead but there is legal risk in doing so to FV. However, if they don't complete now I'd suggest they pack up and go home and let us die.

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Lost Leopard Spot
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Re: Administration and recovery

Post by Lost Leopard Spot » Wed Aug 14, 2019 3:46 pm

LeverEnd wrote:
Wed Aug 14, 2019 3:41 pm
Dust off the paperwork from just before the injunction that Appleton thought stopped the sale but didn't, find a pen and get it signed.
It was all ready to go through THAT DAY. Honest Paul said so. Plenty of time to get it done by 5pm and go for after work drinks.

We'll see.
I believe that you know otherwise young sir.
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BWFC_Insane
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Re: Administration and recovery

Post by BWFC_Insane » Wed Aug 14, 2019 3:47 pm

This was the best possible outcome today. And Bassini's case has been described as "incredibly thin" by the Judge. Both sides agreed there was no evidence. I honestly think this is the test for FV - if they delay over this then they were never ever serious.

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Lost Leopard Spot
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Re: Administration and recovery

Post by Lost Leopard Spot » Wed Aug 14, 2019 3:47 pm

Enoch wrote:
Wed Aug 14, 2019 3:44 pm
Lost Leopard Spot wrote:
Wed Aug 14, 2019 3:41 pm
Why are people celebrating?

Mine wasn't celebratory.
Not you, you tw@t :wink:
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Worthy4England
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Re: Administration and recovery

Post by Worthy4England » Wed Aug 14, 2019 3:48 pm

No celebrating until it's announced at 17:00 hours.

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Lost Leopard Spot
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Re: Administration and recovery

Post by Lost Leopard Spot » Wed Aug 14, 2019 3:49 pm

Worthy4England wrote:
Wed Aug 14, 2019 3:48 pm
No celebrating until it's announced at 17:00 hours.
:|
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Bertie Wooster
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Re: Administration and recovery

Post by Bertie Wooster » Wed Aug 14, 2019 3:50 pm

Worthy4England wrote:
Wed Aug 14, 2019 3:44 pm
That being the deal that was all ready to sign last Thursday...if only this hadn't happened - should see an announcement before 17:00 today I would have thought.
This - Appleton / FV need to announce the completion of the takeover this evening, if it was ready on Thursday afternoon then it must be ready to be announced today, FV need to use the feel good factor of the court hearing quickly to get the fans behind them.

If they don't announce tonight then the latest delay was nothing to do with Bassini & more to do with the hotel - which means that this imminent announcement of the deal completion last Thursday was a complete pack of lies by the administrator.

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BWFC_Insane
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Re: Administration and recovery

Post by BWFC_Insane » Wed Aug 14, 2019 3:51 pm

I think I'll give them till end of week. Logistics of doing it is not as straightforward as people think - but yeah if not by then, then feck right off.

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Lost Leopard Spot
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Re: Administration and recovery

Post by Lost Leopard Spot » Wed Aug 14, 2019 3:52 pm

... I will however take this juncture to remind everybody that I have a billion internet £s riding on us being sold/bought on September 10th, a mere eight days after Ms DJBlu goes back to school.
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Lennon'sEleven
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Re: Administration and recovery

Post by Lennon'sEleven » Wed Aug 14, 2019 3:52 pm

Lost Leopard Spot wrote:
Wed Aug 14, 2019 3:46 pm
LeverEnd wrote:
Wed Aug 14, 2019 3:41 pm
Dust off the paperwork from just before the injunction that Appleton thought stopped the sale but didn't, find a pen and get it signed.
It was all ready to go through THAT DAY. Honest Paul said so. Plenty of time to get it done by 5pm and go for after work drinks.

We'll see.
I believe that you know otherwise young sir.
He never said "that day".

He said: "Despite a long and hugely complex process of negotiation, we were finally on the brink of completion this afternoon when Bassini’s order was served."

How big is a brink?
Formerly known as Meg'sEleven. And Owen'sEleven. And Dougie'sEleven. We're getting through them aren't we...

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Re: Administration and recovery

Post by BWFC_Insane » Wed Aug 14, 2019 3:55 pm

FV will need time to digest decision and take legal advice - Bassini has been told he can apply for injunction on BL from 2nd September again. So if FV take over and an injunction was granted - they'd be hugely limited in what they can do. Injunction prevents any activity that affects value of shares.

So whilst it is great news - I might give them more time here - because lets say their plan was to sell hotel - they might find themselves blocked after taking over...

Anyway it really is up to them now.

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Re: Administration and recovery

Post by Worthy4England » Wed Aug 14, 2019 3:56 pm

Bertie Wooster wrote:
Wed Aug 14, 2019 3:50 pm
Worthy4England wrote:
Wed Aug 14, 2019 3:44 pm
That being the deal that was all ready to sign last Thursday...if only this hadn't happened - should see an announcement before 17:00 today I would have thought.
This - Appleton / FV need to announce the completion of the takeover this evening, if it was ready on Thursday afternoon then it must be ready to be announced today, FV need to use the feel good factor of the court hearing quickly to get the fans behind them.

If they don't announce tonight then the latest delay was nothing to do with Bassini & more to do with the hotel - which means that this imminent announcement of the deal completion last Thursday was a complete pack of lies by the administrator.
I'm not holding my breath Bertie... :-(

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Re: Administration and recovery

Post by LeverEnd » Wed Aug 14, 2019 3:57 pm

Lennon'sEleven wrote:
Wed Aug 14, 2019 3:52 pm
Lost Leopard Spot wrote:
Wed Aug 14, 2019 3:46 pm
LeverEnd wrote:
Wed Aug 14, 2019 3:41 pm
Dust off the paperwork from just before the injunction that Appleton thought stopped the sale but didn't, find a pen and get it signed.
It was all ready to go through THAT DAY. Honest Paul said so. Plenty of time to get it done by 5pm and go for after work drinks.

We'll see.
I believe that you know otherwise young sir.
He never said "that day".

He said: "Despite a long and hugely complex process of negotiation, we were finally on the brink of completion this afternoon when Bassini’s order was served."

How big is a brink?
Image
...

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Lost Leopard Spot
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Re: Administration and recovery

Post by Lost Leopard Spot » Wed Aug 14, 2019 3:57 pm

Lennon'sEleven wrote:
Wed Aug 14, 2019 3:52 pm
Lost Leopard Spot wrote:
Wed Aug 14, 2019 3:46 pm
LeverEnd wrote:
Wed Aug 14, 2019 3:41 pm
Dust off the paperwork from just before the injunction that Appleton thought stopped the sale but didn't, find a pen and get it signed.
It was all ready to go through THAT DAY. Honest Paul said so. Plenty of time to get it done by 5pm and go for after work drinks.

We'll see.
I believe that you know otherwise young sir.
He never said "that day".

He said: "Despite a long and hugely complex process of negotiation, we were finally on the brink of completion this afternoon when Bassini’s order was served."

How big is a brink?
About 20 fluid ounces. An after-work brink in my neighbourhood equates to approximately 100 fluid ounces, if you don't extract the piss from the equation... :wink:
That's not a leopard!
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