nlondonimp
Vital Champions League
I wonder how many will not buy early season tickets. Knowing the money is going into a black hole. And there may be no matches to watch next seasonI wonder how many would ??
I wonder how many will not buy early season tickets. Knowing the money is going into a black hole. And there may be no matches to watch next seasonI wonder how many would ??
I know I wouldn't in their current circumstances. Not unless it was ring fenced into a separate account managed by an independent supporters group or similar with guaranteed return in the event of no football club.I wonder how many will not buy early season tickets. Knowing the money is going into a black hole. And there may be no matches to watch next season
I wonder how many will not buy early season tickets. Knowing the money is going into a black hole. And there may be no matches to watch next season
can't really be ring fenced, as they need it to pay the immediate hmrc debt.I know I wouldn't in their current circumstances. Not unless it was ring fenced into a separate account managed by an independent supporters group or similar with guaranteed return in the event of no football club.
Caught between the proverbial rock and hard place then.can't really be ring fenced, as they need it to pay the immediate hmrc debt.
seems monies have been released to pay wages
"I am pleased to say the money frozen in our Nat West account will be released with a validation order allowing the residual wages to be paid and may I thank Staff and Players for standing by the Club whilst this is getting sorted"
That might not strictly be true. I guess it's saying the owner is going to apply for one. Apparently he's meeting with the players tomorrow to discuss "things"
https://www.companyrescue.co.uk/guides-knowledge/guides/what-is-a-validation-order-3946/
"The Court may need to be satisfied by credible evidence that the company is solvent and able to pay its debts as they fall due or that the order sought will be beneficial to or will not prejudice the interests of all the unsecured creditors. In many cases the company will not be solvent but the court will take into account the second point that the order will be beneficial to the unsecured creditors AND that a CVA for example is being proposed."
"All in all obtaining a validation order is an expensive process requiring detailed preparation of a witness statement and then of course counsel (a barrister) needs to be briefed and he or she need to address the Court. The need for a Validation order and the extensive costs attached to the process, can be avoided if the company acts before the advertisement of the petition. A petitioner can sometimes be persuaded to not advertise the petition to give the company time to reorder its affairs."
They've done it before mate, similar time to when we did it.wow , I bow to your extreme knowledge . But I think id would rather take his statement , if that all right with you . I mean you do use the words "might" and " i guess" . So you don't really know ?? . but you might be right lol
So glad though that every one in the thread takes an interest in the financial world of Bury Football club . If they did a "seat sale " as per LCFC , id buy a couple
They've done it before mate, similar time to when we did it.
Remember seeing names on the seats.
They've done it before mate, similar time to when we did it.
Remember seeing names on the seats.
Thought soWe copied the idea from Bury!
Could that statement be any wetter? They are pathetic.Very detailed statement from the EFL:
"The Board is extremely concerned about the developing situation at Bury and has asked the Executive to provide whatever practical assistance it can to the Club."
wow , I bow to your extreme knowledge . But I think id would rather take his statement , if that all right with you . I mean you do use the words "might" and " i guess" . So you don't really know ?? . but you might be right lol
So glad though that every one in the thread takes an interest in the financial world of Bury Football club . If they did a "seat sale " as per LCFC , id buy a couple