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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Dujon
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Re: Administration and recovery

Post by Dujon » Sat Jun 01, 2019 4:07 am

Dave Sutton's barnet wrote:
Fri May 31, 2019 7:42 am

Emotionally, I agree (and not just for selfish reasons: it’s a bar to those who might rescue any clubs in distress).

But I also see why they did it - to stop clubs doing what Leicester and Leeds did in the past, running up debts then shedding them via punishment-free bankruptcy.

I don’t know what the answer is but I do think the league have the right to impose a limited transfer embargo, in that they should have to approve new signings. However, the current blanket ban on paying fees (transfer or loan) seems a little punitive if clubs are back in working order.

Then again, I’m not a local business owed money, given small change as a sop, then forced to watch the club pay some herbert ten grand a week to argue about throw-ins.
[DSb] I agree and understand your first two pars.

The second and third (which was chuckle worthy) don't apply as we have not as yet been declared bankrupt but merely placed under administration. I would expect that the administrator would require any applicant for ownership to show their ability to cover all current debts (or make reasonable arrangements with the club's creditors on a pound for pound basis) prior to approving the transactions to take place.

In that case I cannot see why the EFL should continue with punitive action of any kind.

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Re: Administration and recovery

Post by Lost Leopard Spot » Tue Jun 04, 2019 2:38 pm

All very quiet on the journalistic front.
Like living in North Korea.
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Re: Administration and recovery

Post by Dave Sutton's barnet » Tue Jun 04, 2019 4:18 pm

Lost Leopard Spot wrote:
Tue Jun 04, 2019 2:38 pm
All very quiet on the journalistic front.
Like living in North Korea.
Do they have NDAs in North Korea? They probably do. But more relevantly, they do here. As any active bidders aren't allowed to go public during the process, I'm glad we're not getting more Bassini ballooning – although then again, in his instance silence might mean he's still trying. Hope not.

I wouldn't expect much before the Friday deadline, after which I would hope the administrators - who so far seem efficient and plugged-in - might tell us how many bids we've had. Iles is back off holiday and says "At least three – but potentially as many as five – bidders have now had access to the ‘data room’ and more interest is expected in the next few days". Given the admins have insisted bidders get Fit & Proper clearance before the Friday deadline, it's possible some are getting that before checking the BWFC finances.

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Re: Administration and recovery

Post by Lost Leopard Spot » Tue Jun 04, 2019 4:26 pm

Dave Sutton's barnet wrote:
Tue Jun 04, 2019 4:18 pm
Lost Leopard Spot wrote:
Tue Jun 04, 2019 2:38 pm
All very quiet on the journalistic front.
Like living in North Korea.
Do they have NDAs in North Korea? They probably do. But more relevantly, they do here. As any active bidders aren't allowed to go public during the process, I'm glad we're not getting more Bassini ballooning – although then again, in his instance silence might mean he's still trying. Hope not.

I wouldn't expect much before the Friday deadline, after which I would hope the administrators - who so far seem efficient and plugged-in - might tell us how many bids we've had. Iles is back off holiday and says "At least three – but potentially as many as five – bidders have now had access to the ‘data room’ and more interest is expected in the next few days". Given the admins have insisted bidders get Fit & Proper clearance before the Friday deadline, it's possible some are getting that before checking the BWFC finances.
Yes, they have NDAs in North Korea, it's called being a good citizen, makes for poor news headlines however.
If Iles and Nixon are shit over here they'd have been ripped apart by anti aircraft guns over there by now. Still, makes for extended periods of non information... one almost pines for the Ken Klaxon Klarion Kalls.
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Re: Administration and recovery

Post by Dave Sutton's barnet » Tue Jun 04, 2019 4:57 pm

Lost Leopard Spot wrote:
Tue Jun 04, 2019 4:26 pm
Still, makes for extended periods of non information... one almost pines for the Ken Klaxon Klarion Kalls.
You and I are old enough to remember when summer would see weeks go by without even a story in the BEN...

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Re: Administration and recovery

Post by Lost Leopard Spot » Tue Jun 04, 2019 4:59 pm

Dave Sutton's barnet wrote:
Tue Jun 04, 2019 4:57 pm
Lost Leopard Spot wrote:
Tue Jun 04, 2019 4:26 pm
Still, makes for extended periods of non information... one almost pines for the Ken Klaxon Klarion Kalls.
You and I are old enough to remember when summer would see weeks go by without even a story in the BEN...
I'm old enough to remember the invention of the alphabet... :lol:

(you'll note the ALMOST pines... :wink: )
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Re: Administration and recovery

Post by TonyDomingos » Wed Jun 05, 2019 1:12 pm

48 hours to go ....
Às armas, às armas!
Sobre a terra, sobre o mar,
Às armas, às armas!
Pela Pátria lutar!
Contra os canhões marchar, marchar!

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Re: Administration and recovery

Post by Dave Sutton's barnet » Wed Jun 05, 2019 9:07 pm

Baz is back!

https://www.theboltonnews.co.uk/sport/1 ... at-bolton/
CODE: SELECT ALL But then...
CODE: SELECT ALL I don’t often use this emoji, but... :crazy:

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Re: Administration and recovery

Post by officer_dibble » Wed Jun 05, 2019 10:38 pm

feck* hell I thought Bassini was quiet, even allowing for NDA’s. Mans a nutter. I note his dispute seems to be with the hotel admin team? Anyway, I’ll pass it off as him just trying to get in the papers again...

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Re: Administration and recovery

Post by malcd1 » Wed Jun 05, 2019 10:41 pm

Does that mean he will be making a bid to the administrators or fecking off into the sunset?
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Re: Administration and recovery

Post by LeverEnd » Thu Jun 06, 2019 12:17 am

What an absolute prize bellend. feck him and his stupid interviews. He's nothing but an obstacle to stability.
...

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Re: Administration and recovery

Post by Dave Sutton's barnet » Thu Jun 06, 2019 9:43 am


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Re: Administration and recovery

Post by TANGODANCER » Thu Jun 06, 2019 10:48 am

Dave Sutton's barnet wrote:
Thu Jun 06, 2019 9:43 am
Interesting read:
https://nickigoeconsultancy.co.uk/blogs ... nistration
All very interesting, but hardly helping anything. For me, a typical and unsympathetic hard-nosed historical financial assessment of what most already knew. What's needed now are solutions, not how many hands can be held out. Consultancies are themselves much as what they are accusing K.A. of and little to do with football. We need all the help we can get, not criticism for what the fans had no control over ever. Too many grasping agents, consultancies and greedy players are what's ruining/ruined football (oh, and all the august bodies of fat men in expensive suits posing as H.M.F.C and the game's governing bodies.) . None of that's any secret. Somebody at the hands out end will realise some time that football can't exist without the very fans who are the real victims and finance the lot. .
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Re: Administration and recovery

Post by beakybee » Fri Jun 07, 2019 9:41 am

So the Brentford postponed game, when is there going to be a further announcement on that ?
Further points deduction ?

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Re: Administration and recovery

Post by Lost Leopard Spot » Fri Jun 07, 2019 11:24 am

beakybee wrote:
Fri Jun 07, 2019 9:41 am
So the Brentford postponed game, when is there going to be a further announcement on that ?
Further points deduction ?
Over and done with. No further pronouncements necessary. Final league table published. I doubt there will be any points deduction but could be wrong on that point [sic]. Forget Brentford, it's history.
Last edited by Lost Leopard Spot on Fri Jun 07, 2019 11:25 am, edited 1 time in total.
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Re: Administration and recovery

Post by Lost Leopard Spot » Fri Jun 07, 2019 11:25 am

So today's the day, uh?
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Re: Administration and recovery

Post by Lost Leopard Spot » Fri Jun 07, 2019 2:42 pm

1 hour 18 minutes to go.
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Re: Administration and recovery

Post by Montreal Wanderer » Fri Jun 07, 2019 2:56 pm

Lost Leopard Spot wrote:
Fri Jun 07, 2019 2:42 pm
1 hour 18 minutes to go.
Just 63 minutes now....
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Re: Administration and recovery

Post by malcd1 » Fri Jun 07, 2019 3:00 pm

Lost Leopard Spot wrote:
Fri Jun 07, 2019 11:24 am
beakybee wrote:
Fri Jun 07, 2019 9:41 am
So the Brentford postponed game, when is there going to be a further announcement on that ?
Further points deduction ?
Over and done with. No further pronouncements necessary. Final league table published. I doubt there will be any points deduction but could be wrong on that point [sic]. Forget Brentford, it's history.

Surely the failure to complete our fixtures means a punishment for last season not this coming one?
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Re: Administration and recovery

Post by Lost Leopard Spot » Fri Jun 07, 2019 3:02 pm

Montreal Wanderer wrote:
Fri Jun 07, 2019 2:56 pm
Lost Leopard Spot wrote:
Fri Jun 07, 2019 2:42 pm
1 hour 18 minutes to go.
Just 63 minutes now....
Canadian time. Pah!
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