The Debt.

[twilight]

^^^^ IF WE WENT INTO ADMINISTRATION THESE ASSETS WOULD BE SOLD OFF ANYWAY, WITH LITTLE OR NO REGARD TO VALUE.

Sheesh, you're hard work.

The blood pressure, Bobo, watch the blood pressure

[Lost Leopard Spot]

Administration is not a "better" option, unless the only option available is a Winding Up Order lodged on behalf of a non- football business ( e.g. HMRC).
If there is no movement by the 17th on the buying front, only then will voluntary administration make any kind of sense. As a last resort. A very last resort.

[Worthy4England]

“We can also confirm that Terry Robinson is now working with the club in a review of all of the club’s operations.

Is he bringing the buckets?

I misread it as Tony Robinson. I figured he'd come to look at our strikers with Time Team, see of they were worth owt.

Actually, thinking about it, geo-phys would never find the feckers.

[thebish]

Come back to my question.

do we have to?? that question has an entire thread of its own!!!

[thebish]

It seems to me that we're all hoping to have a takeover in place by Jan 18th, or the wheels of involuntary administration will start to turn. In fact you could argue that they already have, with notice of that court date. So all this is just keeping us going while we try to sell the club.

yes - that's the plain and (it seems to me) perfectly straightforward sense of Birch's statement. It also seems to me that the fact that they are putting so much work into buying this time - there must still be some kind of a viable proposition for the purchase of the club on the table.

so - I'm choosing to take this as good news...

#it'llbereet #trustintrev #trustint'rev

[BWFC_Insane]

It seems to me that we're all hoping to have a takeover in place by Jan 18th, or the wheels of involuntary administration will start to turn. In fact you could argue that they already have, with notice of that court date. So all this is just keeping us going while we try to sell the club.

yes - that's the plain and (it seems to me) perfectly straightforward sense of Birch's statement. It also seems to me that the fact that they are putting so much work into buying this time - there must still be some kind of a viable proposition for the purchase of the club on the table.

so - I'm choosing to take this as good news...

#it'llbereet #trustintrev #trustint'rev

This is how I see it too.

If we end up in administration despite selling off assets to pay immediate bills that is some pretty dreadful feck up.

So I am also hoping this means a takeover is well on the way.

[thebish]

What - BWFCi is now in the it'll be reet camp???? did I read that right????

#fallsoffchair

[plymouth wanderer]

It seems to me that we're all hoping to have a takeover in place by Jan 18th, or the wheels of involuntary administration will start to turn. In fact you could argue that they already have, with notice of that court date. So all this is just keeping us going while we try to sell the club.

yes - that's the plain and (it seems to me) perfectly straightforward sense of Birch's statement. It also seems to me that the fact that they are putting so much work into buying this time - there must still be some kind of a viable proposition for the purchase of the club on the table.

so - I'm choosing to take this as good news...

#it'llbereet #trustintrev #trustint'rev

This is how I see it too.

If we end up in administration despite selling off assets to pay immediate bills that is some pretty dreadful feck up.

So I am also hoping this means a takeover is well on the way.

TIT

[Peter Thompson]

Go on then Plymouth....why are we all TITS !!

[Lost Leopard Spot]

What - BWFCi is now in the it'll be reet camp???? did I read that right????

#fallsoffchair

#it'llbebeetroot

[Hoboh]

I honestly think we are screwed and the thought crossed my mind, probably totally wrong but could someone not be buying up fire sale assets fairly cheaply, wait until the very last minute then appear as some part of the consortium taking over when in theory there is bugger all left for the creditors if admin happens? So the club becomes theirs on the cheap
Tin foil hat time, glad it's Christmas plenty in the cupboard

[plymouth wanderer]

Go on then Plymouth....why are we all TITS !!

Didn't say TITS. I said TIT - Trust In Trev

Whatever made you think otherwise?

[Bruce Rioja]

Come back to my question. We have sold off assets to help pay wages for our players. For a month. With PFA assistance. Offices sold and hotel leased according to Iles. But apparently we still need to sell players in January to cover other costs.

So what pays the wage bill in January and February?

We won't have any assets left and the value of the club will be seriously reduced. Yet it's debt level will remain the same.

So perhaps someone could explain how this route is going to be better than administration without a very quick takeover?

Seriously, mate. How many times do you need this explaining to you before it sinks in? The assets are worth more now than they are under administration. It isn't difficult, regardless as to how many threads of your own that you care to set up.

[StaffsTrotter]

I honestly think we are screwed and the thought crossed my mind, probably totally wrong but could someone not be buying up fire sale assets fairly cheaply, wait until the very last minute then appear as some part of the consortium taking over when in theory there is bugger all left for the creditors if admin happens? So the club becomes theirs on the cheap
Tin foil hat time, glad it's Christmas plenty in the cupboard

Anybody any idea which offices they are ?. Is it the ones reebok occupied and have those been occupied since they left ?. (their departure being yet another blow that happened to the clubs revenue at probably the worst time it could - b**tards !)

[bobo the clown]

I honestly think we are screwed and the thought crossed my mind, probably totally wrong but could someone not be buying up fire sale assets fairly cheaply, wait until the very last minute then appear as some part of the consortium taking over when in theory there is bugger all left for the creditors if admin happens? So the club becomes theirs on the cheap

Tin foil hat time, glad it's Christmas plenty in the cupboard

Wibble.

[BWFC_Insane]

Come back to my question. We have sold off assets to help pay wages for our players. For a month. With PFA assistance. Offices sold and hotel leased according to Iles. But apparently we still need to sell players in January to cover other costs.

So what pays the wage bill in January and February?

We won't have any assets left and the value of the club will be seriously reduced. Yet it's debt level will remain the same.

So perhaps someone could explain how this route is going to be better than administration without a very quick takeover?

Seriously, mate. How many times do you need this explaining to you before it sinks in? The assets are worth more now than they are under administration. It isn't difficult, regardless as to how many threads of your own that you care to set up.

But they are just being sold to pay off immediate costs. Their value is almost irrelevant in administration as a low percentage of the debt will be paid and then the business is debt free.

Frankly the argument of how much the assets are worth in or out of admin is irrelevant. It would only be relevant if there were options for long term trading under current ownership. But there aren't. The long term trading model is one course of action, a takeover with new owners. That much is established. New owners have to take on existing debt and agree to pay it off. So the more assets that are sold to pay immediate bills the less attractive we become to any buyer given the debt is still there.

So I see it as the longer we sell assets to keep going temporarily with no takeover the worse administration will be if that does end up being the route. Because there will be less for administrators to sell and what they sell to satisfy creditors likely to be even more painful.

[Lost Leopard Spot]

Come back to my question. We have sold off assets to help pay wages for our players. For a month. With PFA assistance. Offices sold and hotel leased according to Iles. But apparently we still need to sell players in January to cover other costs.

So what pays the wage bill in January and February?

We won't have any assets left and the value of the club will be seriously reduced. Yet it's debt level will remain the same.

So perhaps someone could explain how this route is going to be better than administration without a very quick takeover?

Seriously, mate. How many times do you need this explaining to you before it sinks in? The assets are worth more now than they are under administration. It isn't difficult, regardless as to how many threads of your own that you care to set up.

But they are just being sold to pay off immediate costs. Their value is almost irrelevant in administration as a low percentage of the debt will be paid and then the business is debt free.

Frankly the argument of how much the assets are worth in or out of admin is irrelevant. It would only be relevant if there were options for long term trading under current ownership. But there aren't. The long term trading model is one course of action, a takeover with new owners. That much is established. New owners have to take on existing debt and agree to pay it off. So the more assets that are sold to pay immediate bills the less attractive we become to any buyer given the debt is still there.

So I see it as the longer we sell assets to keep going temporarily with no takeover the worse administration will be if that does end up being the route. Because there will be less for administrators to sell and what they sell to satisfy creditors likely to be even more painful.

FFFFFFFFFFS
How much do you think they can sell off in 19 days? Get a fxcking grip.

[BWFC_Insane]

Come back to my question. We have sold off assets to help pay wages for our players. For a month. With PFA assistance. Offices sold and hotel leased according to Iles. But apparently we still need to sell players in January to cover other costs.

So what pays the wage bill in January and February?

We won't have any assets left and the value of the club will be seriously reduced. Yet it's debt level will remain the same.

So perhaps someone could explain how this route is going to be better than administration without a very quick takeover?

Seriously, mate. How many times do you need this explaining to you before it sinks in? The assets are worth more now than they are under administration. It isn't difficult, regardless as to how many threads of your own that you care to set up.

But they are just being sold to pay off immediate costs. Their value is almost irrelevant in administration as a low percentage of the debt will be paid and then the business is debt free.

Frankly the argument of how much the assets are worth in or out of admin is irrelevant. It would only be relevant if there were options for long term trading under current ownership. But there aren't. The long term trading model is one course of action, a takeover with new owners. That much is established. New owners have to take on existing debt and agree to pay it off. So the more assets that are sold to pay immediate bills the less attractive we become to any buyer given the debt is still there.

So I see it as the longer we sell assets to keep going temporarily with no takeover the worse administration will be if that does end up being the route. Because there will be less for administrators to sell and what they sell to satisfy creditors likely to be even more painful.

FFFFFFFFFFS
How much do you think they can sell off in 19 days. Get a fxcking grip.

They've sold off offices and leased the hotel. And appointed someone to sell players.

So I'd say a fair amount.

[Lost Leopard Spot]

They are keeping the business going. It would be worse if administration came along. It will be worse if administration comes along. What is happening now is keeping the business going, nothing more nothing less.

[Loyal White]

Come back to my question. We have sold off assets to help pay wages for our players. For a month. With PFA assistance. Offices sold and hotel leased according to Iles. But apparently we still need to sell players in January to cover other costs.

So what pays the wage bill in January and February?

We won't have any assets left and the value of the club will be seriously reduced. Yet it's debt level will remain the same.

So perhaps someone could explain how this route is going to be better than administration without a very quick takeover?

Seriously, mate. How many times do you need this explaining to you before it sinks in? The assets are worth more now than they are under administration. It isn't difficult, regardless as to how many threads of your own that you care to set up.

But they are just being sold to pay off immediate costs. Their value is almost irrelevant in administration as a low percentage of the debt will be paid and then the business is debt free.

Frankly the argument of how much the assets are worth in or out of admin is irrelevant. It would only be relevant if there were options for long term trading under current ownership. But there aren't. The long term trading model is one course of action, a takeover with new owners. That much is established. New owners have to take on existing debt and agree to pay it off. So the more assets that are sold to pay immediate bills the less attractive we become to any buyer given the debt is still there.

So I see it as the longer we sell assets to keep going temporarily with no takeover the worse administration will be if that does end up being the route. Because there will be less for administrators to sell and what they sell to satisfy creditors likely to be even more painful.

FFFFFFFFFFS
How much do you think they can sell off in 19 days. Get a fxcking grip.

They've sold off offices and leased the hotel. And appointed someone to sell players.

So I'd say a fair amount.

In the simplest possible terms, selling things off now doesn't make a difference to administration.

Like you've mentioned previously, what we're doing now is an attempt to keep the club going long enough to allow a buyer to come in whilst trying to maintain some sort of continuity.

If the takeover fails, there is less to sell, so those with monies owed may lose out a little from what they would take away now, but if administration happens we don't have £200m worth of assets, so everything is getting sold, whether it is now or in a months time.

That's as I understand it anyway.