Administration and recovery

[BWFC_Insane]

I really fail to understand why some are so dismissive of this stranger fella, he could well be a wind up merchant but a lot of what he says could well ring true. My opinion has been for a while that certain party's do not have the health of the football side of things as a priority, just the assets. The question of where money has seemingly vanished has been posed many times on this and other forums, who knows? Deep down unless someone who has cash coming out of every orifice and a top legal team to see off spurious set ups ,backs someone who wannts a football club I really truly do believe we will go down the pan.

Because it’s complete and utter nonsense!

[Lost Leopard Spot]

I really fail to understand why some are so dismissive of this stranger fella, he could well be a wind up merchant but a lot of what he says could well ring true. My opinion has been for a while that certain party's do not have the health of the football side of things as a priority, just the assets. The question of where money has seemingly vanished has been posed many times on this and other forums, who knows? Deep down unless someone who has cash coming out of every orifice and a top legal team to see off spurious set ups ,backs someone who wannts a football club I really truly do believe we will go down the pan.

He's our very own Howard The Bell-end, Hoboh. Don't get sucked in. Ignore him and he'll slink off.

[Worthy4England]

Howard was GREAT! Was much better than trying to follow what's going on behind closed doors.

[DJBlu]

Do you take legal action against potential criminal acts from previous owners? You need to invest money that simply is not there in lawyers with the right expertise and what ultimately happens is that you trace the money to some nation with very high bank secrecy or you win the case but you never see the money.

I don't suspect anything is true as you said wait until Tuesday, it's now Wednesday.

You don't need lawyers to report fraud or criminal acts to the Police. You report it and let them investigate.

[Hoboh]

I really fail to understand why some are so dismissive of this stranger fella, he could well be a wind up merchant but a lot of what he says could well ring true. My opinion has been for a while that certain party's do not have the health of the football side of things as a priority, just the assets. The question of where money has seemingly vanished has been posed many times on this and other forums, who knows? Deep down unless someone who has cash coming out of every orifice and a top legal team to see off spurious set ups ,backs someone who wannts a football club I really truly do believe we will go down the pan.

Because it’s complete and utter nonsense!

Maybe, but where has the money gone?

Why is the hotel so important?

Where are FV reassuring the fans with even a hint of their future football plans?

Loads needs answers, you don't have to be a genius to work out there is far more than just rival bids holding up a takeover at play here.

[BWFC_Insane]

I really fail to understand why some are so dismissive of this stranger fella, he could well be a wind up merchant but a lot of what he says could well ring true. My opinion has been for a while that certain party's do not have the health of the football side of things as a priority, just the assets. The question of where money has seemingly vanished has been posed many times on this and other forums, who knows? Deep down unless someone who has cash coming out of every orifice and a top legal team to see off spurious set ups ,backs someone who wannts a football club I really truly do believe we will go down the pan.

Because it’s complete and utter nonsense!

Maybe, but where has the money gone?

Why is the hotel so important?

Where are FV reassuring the fans with even a hint of their future football plans?

Loads needs answers, you don't have to be a genius to work out there is far more than just rival bids holding up a takeover at play here.

What money?

There are good reasons why FV aren't saying anything. And if I'm honest short of them saying "we're still trying" which would satisfy nobody I'm not convinced what they sensibly could say?

[Hoboh]

I really fail to understand why some are so dismissive of this stranger fella, he could well be a wind up merchant but a lot of what he says could well ring true. My opinion has been for a while that certain party's do not have the health of the football side of things as a priority, just the assets. The question of where money has seemingly vanished has been posed many times on this and other forums, who knows? Deep down unless someone who has cash coming out of every orifice and a top legal team to see off spurious set ups ,backs someone who wannts a football club I really truly do believe we will go down the pan.

Because it’s complete and utter nonsense!

Maybe, but where has the money gone?

Why is the hotel so important?

Where are FV reassuring the fans with even a hint of their future football plans?

Loads needs answers, you don't have to be a genius to work out there is far more than just rival bids holding up a takeover at play here.

What money?

There are good reasons why FV aren't saying anything. And if I'm honest short of them saying "we're still trying" which would satisfy nobody I'm not convinced what they sensibly could say?

We'll see!

[Lost Leopard Spot]

Maybe, but where has the money gone?

Why is the hotel so important?

Where are FV reassuring the fans with even a hint of their future football plans?

Loads needs answers, you don't have to be a genius to work out there is far more than just rival bids holding up a takeover at play here.

1. The money has gone nowhere. There wasn't any money.
2. How many times does this need reiterating - the business plan that FV have put forward requires them to own the freehold on the hotel.
3. They can't because their plan is shit.
4. Correct... The main holdup is the fact that FV don't even possess the money necessary to satisfy the measly pence in the pound settlement agreed with the non-secured creditors.

Why do you feel the need for a conspiracy theory. Reality is only FV are interested in buying the club (ignoring the spurious claims of Bassini) and they can't afford it.

[Hoboh]

https://twitter.com/KatiegBBC/status/11 ... 66592?s=20

[Lost Leopard Spot]

https://twitter.com/KatiegBBC/status/11 ... 66592?s=20

Hey pretty smiling people
We're alright together, we're alright together
Hey pretty shining people
We're alright together, we're alright together, hey
Took it in turns to dream about the lottery
And what we might have done if we had entered and had won
We're each convinced that nothing would have changed
But if this were the case, why is it a conversation anyway?
Are we losing touch?
Are we losing touch now?

[BWFC_Insane]

Maybe, but where has the money gone?

Why is the hotel so important?

Where are FV reassuring the fans with even a hint of their future football plans?

Loads needs answers, you don't have to be a genius to work out there is far more than just rival bids holding up a takeover at play here.

1. The money has gone nowhere. There wasn't any money.
2. How many times does this need reiterating - the business plan that FV have put forward requires them to own the freehold on the hotel.
3. They can't because their plan is shit.
4. Correct... The main holdup is the fact that FV don't even possess the money necessary to satisfy the measly pence in the pound settlement agreed with the non-secured creditors.

Why do you feel the need for a conspiracy theory. Reality is only FV are interested in buying the club (ignoring the spurious claims of Bassini) and they can't afford it.

If it was as simple as FV can't afford it "full stop" - and there are wildly different definitions of what "can't afford means" - you only need ask mortgage underwriters - we'd not be here now. Because even if you say the admins are just stringing it out for fees - which is somewhat dubious given they risk not being able to recover them once receivers are appointed depending upon the value of assets in liquidation - but even if you went along with this theory you'd then have to also ask given the EFL have been satisfied are they also in on the conspiracy? And if not - what is their end game in allowing it to continue?

In short being unable to reach an agreement is different to "not being able to afford it". If I want to move house I may very well be able to afford the house I put an offer in for but not necessarily be able to agree a deal with the vendor for it. Or I may be able to afford it as seen and agree a deal for it but the survey means I cannot afford it with the requisite repairs needed.

[Lost Leopard Spot]

Maybe, but where has the money gone?

Why is the hotel so important?

Where are FV reassuring the fans with even a hint of their future football plans?

Loads needs answers, you don't have to be a genius to work out there is far more than just rival bids holding up a takeover at play here.

1. The money has gone nowhere. There wasn't any money.
2. How many times does this need reiterating - the business plan that FV have put forward requires them to own the freehold on the hotel.
3. They can't because their plan is shit.
4. Correct... The main holdup is the fact that FV don't even possess the money necessary to satisfy the measly pence in the pound settlement agreed with the non-secured creditors.

Why do you feel the need for a conspiracy theory. Reality is only FV are interested in buying the club (ignoring the spurious claims of Bassini) and they can't afford it.

If it was as simple as FV can't afford it "full stop" - and there are wildly different definitions of what "can't afford means" - you only need ask mortgage underwriters - we'd not be here now. Because even if you say the admins are just stringing it out for fees - which is somewhat dubious given they risk not being able to recover them once receivers are appointed depending upon the value of assets in liquidation - but even if you went along with this theory you'd then have to also ask given the EFL have been satisfied are they also in on the conspiracy? And if not - what is their end game in allowing it to continue?

In short being unable to reach an agreement is different to "not being able to afford it". If I want to move house I may very well be able to afford the house I put an offer in for but not necessarily be able to agree a deal with the vendor for it. Or I may be able to afford it as seen and agree a deal for it but the survey means I cannot afford it with the requisite repairs needed.

What are you wittering on about? I didn't say the admins are just stringing it out for fees, did I? So why is half your post based on the assumption I did?
I also said it wasn't a conspiracy, so why introduce the idea of a conspiracy back into a post in answer to a post in which I disclaimed a conspiracy?
And the hilarious "given the EFL have been satisfied" phrase, what the fxck has that got to do with anything? The EFL were satisfied with Anderson. The EFL were satisfied with Dale at Bury. The EFL are know-nowt tosspots.
And also, while we are at it, what's this mysterious in-the-know-bullshit about the legal complexities you failed to answer previously?

You, Howard, Unknown Stranger, I find it difficult to distinguish between you.

And when I say they can't afford it, I mean they can't afford it. When they come to sign on the dotted line, Rubin & Partners will require something like £2 million in a bank account ready to disburse to the non-secure creditors. Actual fxcking dosh. Unlike this fantasy you keep on spouting about the EFL seeing actual fxcking dosh in a bank account months ago... You know, real money. Stuff thatcanbetransferred stuff thatcanbespent.

[BWFC_Insane]

Maybe, but where has the money gone?

Why is the hotel so important?

Where are FV reassuring the fans with even a hint of their future football plans?

Loads needs answers, you don't have to be a genius to work out there is far more than just rival bids holding up a takeover at play here.

1. The money has gone nowhere. There wasn't any money.
2. How many times does this need reiterating - the business plan that FV have put forward requires them to own the freehold on the hotel.
3. They can't because their plan is shit.
4. Correct... The main holdup is the fact that FV don't even possess the money necessary to satisfy the measly pence in the pound settlement agreed with the non-secured creditors.

Why do you feel the need for a conspiracy theory. Reality is only FV are interested in buying the club (ignoring the spurious claims of Bassini) and they can't afford it.

If it was as simple as FV can't afford it "full stop" - and there are wildly different definitions of what "can't afford means" - you only need ask mortgage underwriters - we'd not be here now. Because even if you say the admins are just stringing it out for fees - which is somewhat dubious given they risk not being able to recover them once receivers are appointed depending upon the value of assets in liquidation - but even if you went along with this theory you'd then have to also ask given the EFL have been satisfied are they also in on the conspiracy? And if not - what is their end game in allowing it to continue?

In short being unable to reach an agreement is different to "not being able to afford it". If I want to move house I may very well be able to afford the house I put an offer in for but not necessarily be able to agree a deal with the vendor for it. Or I may be able to afford it as seen and agree a deal for it but the survey means I cannot afford it with the requisite repairs needed.

What are you wittering on about? I didn't say the admins are just stringing it out for fees, did I? So why is half your post based on the assumption I did?
I also said it wasn't a conspiracy, so why introduce the idea of a conspiracy back into a post in answer to a post in which I disclaimed a conspiracy?
And the hilarious "given the EFL have been satisfied" phrase, what the fxck has that got to do with anything? The EFL were satisfied with Anderson. The EFL were satisfied with Dale at Bury. The EFL are know-nowt tosspots.
And also, while we are at it, what's this mysterious in-the-know-bullshit about the legal complexities you failed to answer previously?

You, Howard, Unknown Stranger, I find it difficult to distinguish between you.

If you aren't alleging a conspiracy and if you say its a simple "can't afford it" then why do we still exist? What end game is anyone hoping for if FV are the only ones who want to buy us but can't because they can't afford it?

If it were as simple as that Appleton would have passed on to the receivers long ago collected his fee and moved on to the next one....

My point re EFL is that they've been only too happy to put Bury where they are saying Dale hasn't proven he can afford it - yet have taken a different stance with FV. That is hard to explain unless it is a bit more complex than "can't afford it".

[Lost Leopard Spot]

Maybe, but where has the money gone?

Why is the hotel so important?

Where are FV reassuring the fans with even a hint of their future football plans?

Loads needs answers, you don't have to be a genius to work out there is far more than just rival bids holding up a takeover at play here.

1. The money has gone nowhere. There wasn't any money.
2. How many times does this need reiterating - the business plan that FV have put forward requires them to own the freehold on the hotel.
3. They can't because their plan is shit.
4. Correct... The main holdup is the fact that FV don't even possess the money necessary to satisfy the measly pence in the pound settlement agreed with the non-secured creditors.

Why do you feel the need for a conspiracy theory. Reality is only FV are interested in buying the club (ignoring the spurious claims of Bassini) and they can't afford it.

If it was as simple as FV can't afford it "full stop" - and there are wildly different definitions of what "can't afford means" - you only need ask mortgage underwriters - we'd not be here now. Because even if you say the admins are just stringing it out for fees - which is somewhat dubious given they risk not being able to recover them once receivers are appointed depending upon the value of assets in liquidation - but even if you went along with this theory you'd then have to also ask given the EFL have been satisfied are they also in on the conspiracy? And if not - what is their end game in allowing it to continue?

In short being unable to reach an agreement is different to "not being able to afford it". If I want to move house I may very well be able to afford the house I put an offer in for but not necessarily be able to agree a deal with the vendor for it. Or I may be able to afford it as seen and agree a deal for it but the survey means I cannot afford it with the requisite repairs needed.

What are you wittering on about? I didn't say the admins are just stringing it out for fees, did I? So why is half your post based on the assumption I did?
I also said it wasn't a conspiracy, so why introduce the idea of a conspiracy back into a post in answer to a post in which I disclaimed a conspiracy?
And the hilarious "given the EFL have been satisfied" phrase, what the fxck has that got to do with anything? The EFL were satisfied with Anderson. The EFL were satisfied with Dale at Bury. The EFL are know-nowt tosspots.
And also, while we are at it, what's this mysterious in-the-know-bullshit about the legal complexities you failed to answer previously?

You, Howard, Unknown Stranger, I find it difficult to distinguish between you.

If you aren't alleging a conspiracy and if you say its a simple "can't afford it" then why do we still exist? What end game is anyone hoping for if FV are the only ones who want to buy us but can't because they can't afford it?

If it were as simple as that Appleton would have passed on to the receivers long ago collected his fee and moved on to the next one....

You really are hard work...
The EFL and Rubin's got sucked into the less than grandiose plan that FV had. Apart from Bassini, there were no other players. Once Rubin's realised just what a house of cards they'd approved as a plan going forward, which they had done by getting the agreement of the non-secured creditors, they had to watch as the so-called business plan unravelled. Forgetting the circularity that was almost criminal in its endeavour, it became apparent they (FV) needed the hotel, and they'd banked on no other fxcker being interested and had therefore not only pitched low, but had failed to have any contingency fees in place to buy the bleeding thing...
The rest is history, and due process grinding out it's very sorry arse...
Paul Appleton is just along for the ride on the plan he formulated...

[Lost Leopard Spot]

You seem to have missed this bit too:
When I say they can't afford it, I mean they can't afford it. When they come to sign on the dotted line, Rubin & Partners will require something like £2 million in a bank account ready to disburse to the non-secure creditors. Actual fxcking dosh. Unlike this fantasy you keep on spouting about the EFL seeing actual fxcking dosh in a bank account months ago... You know, real money. Stuff thatcanbetransferred stuff thatcanbespent

[Lost Leopard Spot]

...and you've still dodged explaining what these mysterious legal complexities are supposedly all about. We'd all like to know.

[BWFC_Insane]

You really are hard work...
The EFL and Rubin's got sucked into the less than grandiose plan that FV had. Apart from Bassini, there were no other players. Once Rubin's realised just what a house of cards they'd approved as a plan going forward, which they had done by getting the agreement of the non-secured creditors, they had to watch as the so-called business plan unravelled. Forgetting the circularity that was almost criminal in its endeavour, it became apparent they (FV) needed the hotel, and they'd banked on no other fxcker being interested and had therefore not only pitched low, but had failed to have any contingency fees in place to buy the bleeding thing...
The rest is history, and due process grinding out it's very sorry arse...
Paul Appleton is just along for the ride on the plan he formulated...

What have "non-secured creditors" agreed to exactly?

[Hoboh]

I'll reiterate my points.

Agree with LLS that FV have not actually got the proverbial pot, any takeover is more concerned about assets little to do with football after all spilling some of the beans in this respect would have done FV no harm at all but appeased the fans.
I do differ on the subject of past money, clearly there was money coming in from various sources but what seems on the face of it, is none or little of that was paying any bills or creditors.

The EFL will soon lose their patience with the club and that is the scenario none of us want. The fact we have been playing games will upset the league further down the line if we get taken over and put out a stronger team, those that have already beaten us will be accused of being in possession of 'tainted points'.

[Lost Leopard Spot]

You really are hard work...
The EFL and Rubin's got sucked into the less than grandiose plan that FV had. Apart from Bassini, there were no other players. Once Rubin's realised just what a house of cards they'd approved as a plan going forward, which they had done by getting the agreement of the non-secured creditors, they had to watch as the so-called business plan unravelled. Forgetting the circularity that was almost criminal in its endeavour, it became apparent they (FV) needed the hotel, and they'd banked on no other fxcker being interested and had therefore not only pitched low, but had failed to have any contingency fees in place to buy the bleeding thing...
The rest is history, and due process grinding out it's very sorry arse...
Paul Appleton is just along for the ride on the plan he formulated...

What have "non-secured creditors" agreed to exactly?

The pence in the pound they will be getting. The amount as announced by Paul Appleton when determining the wedge that FV would be buying the fxcking club for Agreeing to it to suppress future litigation. Agreeing to the plan as formulated by the Administrators. Signing off on shutting the fxck up and getting fxcked over.
Tugs forelock, "ever so sorry we sold you five pies at a pound each, yes we'll accept 25p in total, because the law says we must..." "Waddya fxcking mean you are only giving me 1p full stop. See you in court pal".

And yet again you've avoided the question: ..What do you know of these mysterious legal complexities you posted ITK Bollox about???

[BWFC_Insane]

You really are hard work...
The EFL and Rubin's got sucked into the less than grandiose plan that FV had. Apart from Bassini, there were no other players. Once Rubin's realised just what a house of cards they'd approved as a plan going forward, which they had done by getting the agreement of the non-secured creditors, they had to watch as the so-called business plan unravelled. Forgetting the circularity that was almost criminal in its endeavour, it became apparent they (FV) needed the hotel, and they'd banked on no other fxcker being interested and had therefore not only pitched low, but had failed to have any contingency fees in place to buy the bleeding thing...
The rest is history, and due process grinding out it's very sorry arse...
Paul Appleton is just along for the ride on the plan he formulated...

What have "non-secured creditors" agreed to exactly?

The pence in the pound they will be getting.

What are you basing this "agreement" on? They don't get to agree or otherwise. They receive whatever settlement the administrator can achieve on their behalf.

They get to have a decisions meeting or in this case a vote on proposals - and if that is what you refer to...... the proposals voted on are detailed in paragraph 17 of the administrators report on companies house. It mentions nothing of any settlement merely states that administrators can continue to collect fees and do what they think is in the best interests of the creditor group. Earlier in the document there is a reference to "35p" in the pound as an indicative amount BUT with the huge caveat in front of it being "its too early to say". And regardless they aren't voting on that or any specific proposal at all.

The bit they ask for "approval on" is merely they continue the process and should they need to liquidation of the business.

The summary of the "decisions" approved is on CH too. And merely refers to continuation of administrator fees and acceptance of paragraph 17.