Players going forward
- Thread starter Danny_de_Zeeuw16
- Start date
As per my previous post, they get paid from the funds they raise from the buy out. They are in effect secured creditors and get their remuneration and costs from the protected part of the sale price.
As to the accusation of lying, why would they? It would not be in their interest to say anything that wasn't true as this could backfire on them if the sale goes through and the new owners find out that all was not as stated. They would be sued for damages.
As to the accusation of lying, why would they? It would not be in their interest to say anything that wasn't true as this could backfire on them if the sale goes through and the new owners find out that all was not as stated. They would be sued for damages.
So what's your conspiracy theory then? - if it's that their paymaster is Choi & or Au Yeung that wouldn't really make any sense seeing as how the administrators have claimed publicly on numerous occasions that whilst in theory the club owes someone £24mill (Au Yeung) they can see no evidence of that & until they can then he's getting nothing from the sale
It is in their (financial) interest however to string this out for as long as possible- it's #1 in the handbook - maximise fees at all costs.
To add a Brexit flavour (Moonay) - they are like the EU or in football terms a Harry Redknapp transfer window.
The deal only gets done with a minute to go.
We are in for weeks if not months of this shite
To add a Brexit flavour (Moonay) - they are like the EU or in football terms a Harry Redknapp transfer window.
The deal only gets done with a minute to go.
We are in for weeks if not months of this shite
It seems like you understand Insolvency Administration about as well as you do Brexit. 
(NB: Sorry mate, I know that was totally uncalled for, but it was right there, on a plate, just asking to be put in the back of the net !).
If it is like Brexit though, maybe Au Yeung (playing the part of IDS) will realise that what he was told by Choi (playing Johnson), that the deal was oven ready, and we'd all emerge to sunlit uplands isn't really ......... what's the word ........ true.
If only Au Yeung (IDS remember) had read the agreement more fully in the first place.
Silly Billy Au Yeung.
(NB: Sorry mate, I know that was totally uncalled for, but it was right there, on a plate, just asking to be put in the back of the net !). If it is like Brexit though, maybe Au Yeung (playing the part of IDS) will realise that what he was told by Choi (playing Johnson), that the deal was oven ready, and we'd all emerge to sunlit uplands isn't really ......... what's the word ........ true.
If only Au Yeung (IDS remember) had read the agreement more fully in the first place.
Silly Billy Au Yeung.
Not really Hampton, as I said they are regulated and accountable for their actions should it be seen that they are dragging their heels or prolonging an administration it could lose them their licence to practice. They will be scrutinised
by the creditors committee who have the right to set and dispute their costs
I have attached a long winded round up of how the costs are assessed and set.
https://www.purnells.co.uk/limited-company/administrations/Administration-Creditors-Fee-Guide
by the creditors committee who have the right to set and dispute their costs
I have attached a long winded round up of how the costs are assessed and set.
https://www.purnells.co.uk/limited-company/administrations/Administration-Creditors-Fee-Guide
I’m sure you said we will get six point deducted. And. These owners were good. You called me enough over calling them. But hey we got a big TV. of course they are charging a fortune and I forgot the soccer dome was being turned into something great End of the day I want a team to watch again. But if this lot keep giving them away. We won’t have
I don't think it's a daft question that you ask because in the Bolton situation Eddie Davies' family actually put the club into admin because they had an unpaid charge due from the club - controlled by Ken Anderson. And I think it got to the point where the family lost patience with Ken and believed he wasn't acting in the best interest of the club.
Ken Anderson then put the hotel into admin in response. So we had 2 separate admins, one for the club and one for the hotel. To be fair, it seemed that the club admins were way more vocal and urgent with trying to get a sale but the hotel admins were dragging their feet and no one heard a word from them until the club and hotel were sold.
Anyway I'm not saying your admins are crooks but the owners put you into admin, not DW or anyone else so does that change anything? I'm not sure. I think it's the admins job to do the best for the business, so I doubt they'd make any moves that risks their credibility. They will be paid by whoever buys the club or if liquidation were to happen, they'd be paid from the sale of assets, so it doesn't seem beneficial on the face of things for them to pick sides.
Ken Anderson then put the hotel into admin in response. So we had 2 separate admins, one for the club and one for the hotel. To be fair, it seemed that the club admins were way more vocal and urgent with trying to get a sale but the hotel admins were dragging their feet and no one heard a word from them until the club and hotel were sold.
Anyway I'm not saying your admins are crooks but the owners put you into admin, not DW or anyone else so does that change anything? I'm not sure. I think it's the admins job to do the best for the business, so I doubt they'd make any moves that risks their credibility. They will be paid by whoever buys the club or if liquidation were to happen, they'd be paid from the sale of assets, so it doesn't seem beneficial on the face of things for them to pick sides.
It's all a big can of worms Bradley. If anyone can work out what happened with Choi selling the club and why, and then work out what happened with a new owner who never stepped foot in the country only to put us in admin,and next work out what has happened since and why then they could write a script for an eighties American soap.
It's bewildering to say the least.
It's bewildering to say the least.
