NEW THREAD FOR ALL THINGS TAKEOVER
- Thread starter ZAKKY
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moonay
Vital Football Legend
Pm'd you
Nottingham
Vital Squad Member
You don't say!
hindleymonwafc
Vital Champions League
You're feeling a bit embarrassed now eh ?.. you might have a piece of paper that says " the holder of this diploma is a clever **** " but you're not very savvy are you ?
Oxford dictionary defines business as:
the activity of making, buying, selling or supplying goods or services for money
If you do any of "making, buying, selling or supplying goods or services" and charge money to people you are a business.
I understand you do not feel you are a traditional business.
moonay
Vital Football Legend
The prime aim of the cricket club is to play cricket. Fundraising - the bar, functions, sponsorship - is a by product ....a necessary evil.
The SC is exactly the same. ........their prime aim is to watch football, and organising functions and coaches are the by products. It just so happens to hold over half a million pounds of donations.......not just from members.
I still can't see how you can be so overtly critical of them.
E
exiled tic
Guest
Why would anyone offer above the asking price?
Nottingham
Vital Squad Member
moonay
Vital Football Legend
If it's right, then it may have been to beat off any other bidders.
loudmouthblue
Vital Football Hero
You are correct the last paragraph was not aimed at you.
You do not need to apply for dormant status, it is not a business until it starts trading , can you show me one deal that the supporters club has done as this new limited company.
loudmouthblue
Vital Football Hero
Sorry John but on this occassion it is you who knows Jack shit, oh and she isn't your MP anyway.
E
exiled tic
Guest
At this moment we just have to think which other bidders?All i can see at the moment is one group (Royle) trying to find a backer and not yet succeeding and an unidentified foreign group who are still looking at the numbers!He had a free run at it and still didn't get it done!
loudmouthblue
Vital Football Hero
For what it's worth, I believe Frampton's interest was genuine. I believe that his interest in the wider infrastructure stuff was genuine too.
In (at least) one of his interviews, Frampton said that they'd undertaken similar projects elsewhere ......which basically follow the Man City model, whereby there's a degree of development and/or urban re-generation. . .........which will hopefully have peeved the Council into making some kind of protest to the Admins, to get them to apologise to Frampton and Jeffries, hopefully regain their interest, and then get their finger out and get the bloody deal done. (I have to admit, I'm not very optimistic on this front).
Hence the thread of questions I posted, hoping that he (through his UK contact) might provide some answers. Well, given all the tyre-kicker/fantasist allegations (cos apparently, he'd convinced no-one), there'd be no better time to provide some answers ........................ you know, a little like Jim Bowen at the end of Bullesye .......... "Look at what you could have won", while flashing the Vs to the unbelievers.
Probably won't happen though............. and if the info in that article is genuine, it doesn't really matter.
What ever the reason for the collapse of the Frampton bid it was not the ability to prove they had enough money.Alistair Jeffries, the fellow behind it, has more than enough.
Amazing how once again some are believing these administrators version of events when it has been proven they have spent the last 6 months deceiving Latics fans.
Not sure how true it is but Frampton made a claim that paperwork had been supplied to the administrators showing proof of funds, which was rejected by beggbies who then demanded to speak to Alistar Jeffries bankers directly to get proof, at this point it is said he told them to get stuffed and withdrew his support for the bid.
The worry about this happening is Jeffries is reported to be still looking to invest in a English football club and will now concentrate his efforts elsewhere.
http://www.hfza.ae/blog/our-blog-1/...hore-repair-facility-in-hamriyah-free-zone-22
moonay
Vital Football Legend
Oh, I agree, but according to Begbies, there's another ten, with at least 3 of them at an advanced stage.
I'm of course not saying I believe this, and I doubt Frampton did either .......but maybe it was worth them offering a little over the odds to improve their chances against any other potential bidders.
loudmouthblue
Vital Football Hero
Sorry moonay but whatever the reasons for tradi g as a limited company, the very fact you are registered as one and trading either to break even or make a profit you are classed as a business.
moonay
Vital Football Legend
Oh, I agree, but according to Begbies, there's another ten, with at least 3 of them at an advanced stage.
I'm of course not saying I believe this, and I doubt Frampton did either .......but maybe it was worth them offering a little over the odds to improve their chances against any other potential bidders.
moonay
Vital Football Legend
I get that. However we neither act, nor are we expected to act (by our members) like a business.
That's all I was getting at.
loudmouthblue
Vital Football Hero
That seems to be par for the course, one fellow on Facebook claims he lives in the Isle of Man when he is posting Anti Wigan Council, anti Lisa Nandy/ Labour Party stuff even though this wS exposed as not being true.
loudmouthblue
Vital Football Hero
Many businesses trade just like you Moonay but they legally are a business and subject to the same trading rules as any other UK business.
Can I ask is your club turnover big enough to qualify you for VAT.
moonay
Vital Football Legend
Yes, we do, and yes, we publish the accounts......they're all on Co House.
My point is that regardless of all this, we're a cricket club, run by a bunch of volunteers, in our own time, and expectations are set accordingly.
The SC should (in my opinion) be granted the same leeway.
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