The Artist Formerly Known as Audrey
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?Absolute Calamity!?
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« Reply #10575 on: Sunday, January 21, 2024, 15:11:58 » |
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Would going into admin take the CG as an asset and be used to pay off debts?
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Jimmy HaveHave
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« Reply #10576 on: Sunday, January 21, 2024, 15:16:06 » |
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Surely they couldn’t if the Trust own 50%
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So, give no fucks
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Outletred
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« Reply #10577 on: Sunday, January 21, 2024, 15:19:06 » |
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They could use the club's half
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hefty toe
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« Reply #10578 on: Sunday, January 21, 2024, 15:20:40 » |
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Would going into admin take the CG as an asset and be used to pay off debts?
No. Administration isn't really an option unless there is a secured external creditor who petitions the Court. Assuming the County Ground isn't developed by Clem I think that half share reverts to the Council after 3 years. I would think that the legal entities who hold the ground would be different to the club so the club being liquidated wouldn't impact the ground. |
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The Artist Formerly Known as Audrey
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Posts: 19398
?Absolute Calamity!?
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« Reply #10579 on: Sunday, January 21, 2024, 15:21:28 » |
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So, the club’s half which = Clem’s half, would repay him some of his debt.
Presume the CG is actually worth a lot more than the £2.2m the JV paid the council for it.
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The Artist Formerly Known as Audrey
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Posts: 19398
?Absolute Calamity!?
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« Reply #10580 on: Sunday, January 21, 2024, 15:22:21 » |
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No. Administration isn't really an option unless there is a secured external creditor who petitions the Court. Assuming the County Ground isn't developed by Clem I think that half share reverts to the Council after 3 years. I would think that the legal entities who hold the ground would be different to the club so the club being liquidated wouldn't impact the ground.
It only reverts if the council want it. It doesn’t automatically revert. |
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hefty toe
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« Reply #10581 on: Sunday, January 21, 2024, 15:23:26 » |
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It only reverts if the council want it. It doesn’t automatically revert.
Hopefully they would want it in the event of a liquidation type scenario! |
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The Artist Formerly Known as Audrey
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Posts: 19398
?Absolute Calamity!?
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« Reply #10582 on: Sunday, January 21, 2024, 15:25:40 » |
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Unless that event occurred before the 3 years
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Outletred
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« Reply #10583 on: Sunday, January 21, 2024, 15:39:25 » |
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the apathy in our fanbase is unbelievable- we look to be sleepwalking to the non-league and still the owner seems to have a decent element of support.
We should be demanding a full breakdown of our so called 8.3m running costs
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The Artist Formerly Known as Audrey
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?Absolute Calamity!?
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« Reply #10584 on: Sunday, January 21, 2024, 15:51:55 » |
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Clem doesn’t have to do Jack shit if he doesn’t want to. We can demand til we’re blue in the face.
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Outletred
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« Reply #10585 on: Sunday, January 21, 2024, 16:19:25 » |
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Just don't renew ST/buy tickets
Problem is even with 2k ST all he will do is cut even more, if we think this season has been bad i think we are in for worse unless he clears off
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Jimmy HaveHave
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« Reply #10586 on: Sunday, January 21, 2024, 16:24:08 » |
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I still think you would get 3500+ most fans I know don’t even come on this forum and will support the football club whoever is in charge.
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So, give no fucks
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Outletred
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« Reply #10587 on: Sunday, January 21, 2024, 16:25:16 » |
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Agree- but he will just use that as an excuse to cut the playing budget even more
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hefty toe
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« Reply #10589 on: Sunday, January 21, 2024, 16:27:56 » |
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Just don't renew ST/buy tickets
Problem is even with 2k ST all he will do is cut even more, if we think this season has been bad i think we are in for worse unless he clears off
Yes. The way to affect change is for fans to stop going to games. Why would you buy a season ticket in the current circumstances? Blackpool fans managed to get rid of the Oystons in the end by boycotting. |
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