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Post by thegrud1 on May 8, 2019 11:15:58 GMT
If we are now in Administration = administrator appointed=he sells club to highest bidder Why did we need an adjournment till 22nd May?.....WE ARE NOT IN ADMINISTRATION>>>>BLOODY CONFUSING#
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May 8, 2019 13:17:04 GMT
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Post by OohMac on May 8, 2019 13:17:04 GMT
I take it the club have used the Bassini "bid" as an excuse not to have had time to go to admin. Now we know its admin for reals we need a little extra time to start that ball rolling. Hence the 2 weeks. Really think in 2 weeks it will be liquidation.
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Post by Deleted on May 8, 2019 18:19:53 GMT
I take it the club have used the Bassini "bid" as an excuse not to have had time to go to admin. Now we know its admin for reals we need a little extra time to start that ball rolling. Hence the 2 weeks. Really think in 2 weeks it will be liquidation. Sorry to disappoint you but liquidation is not on the cards . administraters have or will be appointed its in the hands of the Ed trust and as they will be bareing the cost of admin until the club is sold they will have a certain amount of say, in any case the club in admin will have to talk to all bidders and of course the supporter trust as well who may well put in a bid .
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May 8, 2019 19:02:15 GMT
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Post by OohMac on May 8, 2019 19:02:15 GMT
That does not disappoint me at all. Just think if theres any more fun and gamea and administration is not paid for, for any reason the court will not adjourn again.
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Post by Deleted on May 9, 2019 18:54:47 GMT
That does not disappoint me at all. Just think if theres any more fun and gamea and administration is not paid for, for any reason the court will not adjourn again. The job of admin is to sell the club as a going concern for a reasonable price ,if no suitable offer come along than the owners (in this case ED trust will have pay the bill) however this is most unlikely as I understand that the first party who did DD have once again shown an interest and of course the club when purchased will be dept free so all they will have to show is the ability to support it for two seasons ,admin of course will be the first to be payed followed by the ED trust and then the also rans (of which I believe KA is one ) .
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Post by Deleted on May 13, 2019 9:24:34 GMT
This might sound a stupid question now, but could we not have just gone into administration before the deadline for the points to be deducted for this season. We all knew we were going to be relegated so why not get the 12 points deducted this season it's all so friging annoying 😡😡😡 COYWM
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May 13, 2019 15:16:33 GMT
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Post by riochforthereebok on May 13, 2019 15:16:33 GMT
This might sound a stupid question now, but could we not have just gone into administration before the deadline for the points to be deducted for this season. We all knew we were going to be relegated so why not get the 12 points deducted this season it's all so friging annoying 😡😡😡 COYWM Straightforward question from a straightforward person Well said that man (Chip)👍🏻👍🏻
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Post by Deleted on May 13, 2019 18:25:24 GMT
This might sound a stupid question now, but could we not have just gone into administration before the deadline for the points to be deducted for this season. We all knew we were going to be relegated so why not get the 12 points deducted this season it's all so friging annoying 😡😡😡 COYWM Yes ,but a sale was on the cards and that stopped it .
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Post by Deleted on May 14, 2019 14:23:56 GMT
Ahh was that the Bassini bloke well I wouldn't have trusted him with a round of drinks at the bar. I thought that Anderson said he didn't want any tyre kickers Simon Jordan saw through him straight away. Never mind onwards and upwards we hope COYWM
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May 14, 2019 20:10:58 GMT
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Post by OohMac on May 14, 2019 20:10:58 GMT
In March it was the Football Ventures but that was subject to due diligence. In April it was Bassini. He needed to prove his funds.
Of course Ken would argue that a sale was preferred and thats why we didnt take admin at that time(clean ish slate for next season)
Truthfully i could agree to sell my car subject to due dilligence but if theres no tyres or engine attached the deal will scupper. Im not sure why Ken entertained LB but i have a feeling there was a mutual agreement.
Was Ken trying to force the ED trust to go into administration so it wasnt on him? The only thing i can think of.
I wouldnt be surprised to see Bassini in one of Kens restaurants eating for free next year.
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Post by whitesince63 on May 14, 2019 21:43:34 GMT
Who gives a hoot where they meet next year OM, hopefully both of them are out of our club and our lives for good. It's pointless going over what might have been because we know that Ken was only ever interested in Ken. Next season will be difficult but frankly as long as we get a trustworthy owner who's looking to build for the long term I'm more than happy with that. The next few weeks should be interesting because I genuinely believe there will be more interest in buying the club than many think.
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May 15, 2019 9:32:47 GMT
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Post by OohMac on May 15, 2019 9:32:47 GMT
It does all depend on the owner and what assurances he can make but i would approach Chris Hughton to run this project with the carrot of a 5 or 6 year deal.
No more 2 years and out. Obviously Chris will have plenty of better offers if not now then certainly in September/October.
Way i see it it will be. Y1 avoid relegation Y2. Establish a side Y3. Promotion Y4. Survival Y5. Establish a championship squad Y6. Play off challenge and then if it suits all parties extend?
Could be pie in the sky. Will come down to owner, embargo, points deduction and budget of course.
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