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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BWFC_Insane
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Re: Administration and recovery

Post by BWFC_Insane » Tue Jul 30, 2019 10:56 am

nicholaldo wrote:
Tue Jul 30, 2019 10:53 am
Lost Leopard Spot wrote:
Tue Jul 30, 2019 8:32 am
nicholaldo wrote:
Mon Jul 29, 2019 10:34 pm
Jeff Thomas has resigned as a director from, as I understand it, the company set up to own the club and the company set up to own the hotel. But curiously not (yet?) from Football Ventures (Whites) Limited itself.

I have no idea what any of that means for the takeover, whether it's good news or bad news, however it would appear to my untrained eye to be significant.
And then there were two, Brittan and James... Or is that three, Morris?
When did he resign Nicholo?

Last night, as per Companies House. He's due to be replaced according to Iles, though he remains, for now at least, a director of the parent company.
Which means in reality it happened a fair while ago...

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Re: Administration and recovery

Post by nicholaldo » Tue Jul 30, 2019 11:05 am

BWFC_Insane wrote:
Tue Jul 30, 2019 10:56 am
nicholaldo wrote:
Tue Jul 30, 2019 10:53 am
Lost Leopard Spot wrote:
Tue Jul 30, 2019 8:32 am
nicholaldo wrote:
Mon Jul 29, 2019 10:34 pm
Jeff Thomas has resigned as a director from, as I understand it, the company set up to own the club and the company set up to own the hotel. But curiously not (yet?) from Football Ventures (Whites) Limited itself.

I have no idea what any of that means for the takeover, whether it's good news or bad news, however it would appear to my untrained eye to be significant.
And then there were two, Brittan and James... Or is that three, Morris?
When did he resign Nicholo?

Last night, as per Companies House. He's due to be replaced according to Iles, though he remains, for now at least, a director of the parent company.
Which means in reality it happened a fair while ago...

You might be right, I'm no expert, but the document states the date of termination as being yesterday. That document was then "Received for filing in Electronic format" on the same date.

Compare that to the document confirming Basran's resignation from the parent company, which states he resigned on 2nd July but was filed a week later on 10th July.

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Worthy4England
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Re: Administration and recovery

Post by Worthy4England » Tue Jul 30, 2019 11:07 am

nicholaldo wrote:
Tue Jul 30, 2019 10:53 am
Lost Leopard Spot wrote:
Tue Jul 30, 2019 8:32 am
nicholaldo wrote:
Mon Jul 29, 2019 10:34 pm
Jeff Thomas has resigned as a director from, as I understand it, the company set up to own the club and the company set up to own the hotel. But curiously not (yet?) from Football Ventures (Whites) Limited itself.

I have no idea what any of that means for the takeover, whether it's good news or bad news, however it would appear to my untrained eye to be significant.
And then there were two, Brittan and James... Or is that three, Morris?
When did he resign Nicholo?

Last night, as per Companies House. He's due to be replaced according to Iles, though he remains, for now at least, a director of the parent company.
Bizarre - when I'm looking at Co House, he's still there...

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Re: Administration and recovery

Post by Dave Sutton's barnet » Tue Jul 30, 2019 11:09 am

Something interesting going on, and not necessarily bad. Clear divisions between the parent company and the offshoots (club and hotel) - could be for any number of fiscal purposes.

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Re: Administration and recovery

Post by nicholaldo » Tue Jul 30, 2019 11:13 am

Worthy4England wrote:
Tue Jul 30, 2019 11:07 am
nicholaldo wrote:
Tue Jul 30, 2019 10:53 am
Lost Leopard Spot wrote:
Tue Jul 30, 2019 8:32 am
nicholaldo wrote:
Mon Jul 29, 2019 10:34 pm
Jeff Thomas has resigned as a director from, as I understand it, the company set up to own the club and the company set up to own the hotel. But curiously not (yet?) from Football Ventures (Whites) Limited itself.

I have no idea what any of that means for the takeover, whether it's good news or bad news, however it would appear to my untrained eye to be significant.
And then there were two, Brittan and James... Or is that three, Morris?
When did he resign Nicholo?

Last night, as per Companies House. He's due to be replaced according to Iles, though he remains, for now at least, a director of the parent company.
Bizarre - when I'm looking at Co House, he's still there...

He remains a director of the parent company (Football Ventues (Whites) Ltd) but has resigned as a director of the two subsidiary companies (FVWL Hotel Ltd and FVWL Football Ltd).

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Worthy4England
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Re: Administration and recovery

Post by Worthy4England » Tue Jul 30, 2019 11:15 am

nicholaldo wrote:
Tue Jul 30, 2019 11:13 am
Worthy4England wrote:
Tue Jul 30, 2019 11:07 am
nicholaldo wrote:
Tue Jul 30, 2019 10:53 am
Lost Leopard Spot wrote:
Tue Jul 30, 2019 8:32 am
nicholaldo wrote:
Mon Jul 29, 2019 10:34 pm
Jeff Thomas has resigned as a director from, as I understand it, the company set up to own the club and the company set up to own the hotel. But curiously not (yet?) from Football Ventures (Whites) Limited itself.

I have no idea what any of that means for the takeover, whether it's good news or bad news, however it would appear to my untrained eye to be significant.
And then there were two, Brittan and James... Or is that three, Morris?
When did he resign Nicholo?

Last night, as per Companies House. He's due to be replaced according to Iles, though he remains, for now at least, a director of the parent company.
Bizarre - when I'm looking at Co House, he's still there...

He remains a director of the parent company (Football Ventues (Whites) Ltd) but has resigned as a director of the two subsidiary companies (FVWL Hotel Ltd and FVWL Football Ltd).
Ahh - Ta.

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Re: Administration and recovery

Post by DJBlu » Tue Jul 30, 2019 11:30 am

Strange one but..

Apparently the new shirts have been delivered to the club shop today.

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Re: Administration and recovery

Post by TANGODANCER » Tue Jul 30, 2019 11:38 am

DJBlu wrote:
Tue Jul 30, 2019 11:30 am
Strange one but..

Apparently the new shirts have been delivered to the club shop today.
Strange but hopeful and heartening... :oyea: :oyea: :oyea:
Si Deus pro nobis, quis contra nos?

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Re: Administration and recovery

Post by BWFC_Insane » Tue Jul 30, 2019 11:39 am

DJBlu wrote:
Tue Jul 30, 2019 11:30 am
Strange one but..

Apparently the new shirts have been delivered to the club shop today.
Are they new? I assumed we'd use last seasons strip....

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Re: Administration and recovery

Post by Enoch » Tue Jul 30, 2019 11:44 am

Likely they've been washed at least!

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Re: Administration and recovery

Post by Worthy4England » Tue Jul 30, 2019 11:47 am

Enoch wrote:
Tue Jul 30, 2019 11:44 am
Likely they've been washed at least!
Whose mum's turn was it to wash them this week?

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Re: Administration and recovery

Post by Enoch » Tue Jul 30, 2019 11:50 am

In my mind's eye it was Oscar Threlkeld's nan.

Marvellous!

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Re: Administration and recovery

Post by DJBlu » Tue Jul 30, 2019 11:51 am

Worthy4England wrote:
Tue Jul 30, 2019 11:47 am
Enoch wrote:
Tue Jul 30, 2019 11:44 am
Likely they've been washed at least!
Whose mum's turn was it to wash them this week?
:laugh: :laugh: :laugh:

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Re: Administration and recovery

Post by officer_dibble » Tue Jul 30, 2019 1:23 pm

Worthy4England wrote:
Tue Jul 30, 2019 11:47 am
Enoch wrote:
Tue Jul 30, 2019 11:44 am
Likely they've been washed at least!
Whose mum's turn was it to wash them this week?
😂😂👍

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Re: Administration and recovery

Post by Prufrock » Tue Jul 30, 2019 2:20 pm

I see Bury didn't make it and their game is off. Still time yet for the BL postcode to get to -30 and beyond.
In a world that has decided
That it's going to lose its mind
Be more kind, my friends, try to be more kind.

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Re: Administration and recovery

Post by BWFC_Insane » Tue Jul 30, 2019 2:20 pm

Prufrock wrote:
Tue Jul 30, 2019 2:20 pm
I see Bury didn't make it and their game is off. Still time yet for the BL postcode to get to -30 and beyond.
Our game is only on pending completion....

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Re: Administration and recovery

Post by Lost Leopard Spot » Tue Jul 30, 2019 2:43 pm

And the time ticks on. Nearly three o'the clock and still no news of signage upon t'dotted line.
The panic fanny in me is getting ready for a hissy fit.
That's not a leopard!
頑張ってください

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Re: Administration and recovery

Post by Martin_Cruise » Tue Jul 30, 2019 3:23 pm

Marc Iles was saying all last week that there was no chance of liquidation, he must have known the PFA would bail us out if we couldn't get our own house in order.I feel sorry for Bury that they aren't considered important enough for PFA money.

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Re: Administration and recovery

Post by BWFC_Insane » Tue Jul 30, 2019 3:26 pm

Martin_Cruise wrote:
Tue Jul 30, 2019 3:23 pm
Marc Iles was saying all last week that there was no chance of liquidation, he must have known the PFA would bail us out if we couldn't get our own house in order.I feel sorry for Bury that they aren't considered important enough for PFA money.
The PFA haven't bailed us out - they've given a loan to FV that will (in theory) allow them to complete the takeover. In turn that does help Bolton Wanderers out yes. But Marc Iles has said members of FV are personally guaranteeing that loan. I'd suggest the PFA would not receive such a guarantee from Bury's owner and if they did would certainly treat with caution.

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Re: Administration and recovery

Post by Prufrock » Tue Jul 30, 2019 3:50 pm

Not (only) the same problem for Bury is it? We seem to be good to go aside from paying off football creditors in full now which FV don't have the money for. More stuff wrong at Bury in addition I think.
In a world that has decided
That it's going to lose its mind
Be more kind, my friends, try to be more kind.

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