New beginnings - 25% Truth, 80% Bollocks

[DiV]

Someone remind me, is there a severe implication of going into admin (beyond the obvious fact we are in Admin), because of the number of times its happened to the club before?

Not my area of expertise but wouldn’t we need to actually owe external people / companies money to be put into admin.

The easy work around is ‘director loans’ so the club don’t owe companies money (used to be HMRC who kicked up I think)

So, taking some things as said (yeah I know) in theory the only person the football club owes money to is Clem - who I’d say is unlikely to put the club into admin because he’d lose out financially

[Nemo]

Well the club does have external debts still, just not as many as before.

What it does have is cashflow issues, which is more often than not the problem.

[RobertT]

Not my area of expertise but wouldn’t we need to actually owe external people / companies money to be put into admin.

The easy work around is ‘director loans’ so the club don’t owe companies money (used to be HMRC who kicked up I think)

So, taking some things as said (yeah I know) in theory the only person the football club owes money to is Clem - who I’d say is unlikely to put the club into admin because he’d lose out financially

The Directors loans didn't grow, in fact they likely reduced because the long term debt to Axis did grow, by a greater amount than the long term debt in total.

The amounts we owe to trade creditors almost doubled, these are amounts due in <12 months and the type of people who would end-up submitting winding-up orders.  Our total short term debt increased from 2.98m to 3.48m.  That was to end of May 2023, so it won't have gotten much better since then I assume.

[Outletred]

If true that would be absolutely spectacular and show that those constantly defending the Morfuni mob really are in the minority now.

Can’t see how they’d get through the summer with so little by way of cash flow so hopefully brings things to a head once and for all!

This. Maybe it will force his hand into a sale.

Does seem odd that there has been zero effort put into selling season tickets surely if it was BAU he would be driving his lorry around by now

[Batch]

But conversely, if it was a sale it should be bau as without it debts will pile up on the business and devalue it? Or is that naive

[TailBetweenLegs]

These people really need to start going public with this

[theakston2k]

Spoke to the supplier of the CCTV and alarms today, hang about, surprise, surprise, they've had no payment since the summer. No longer monitoring any sort of security issue.

Surely if true then it’s again an example of the Trust being asleep at the wheel. They’ve basically got an asset with no security which would surely be a breach of the JV agreement? Can our resident Trust board members confirm if they are aware of this?

[ChalkyWhiteIsGod]

This sort of thing should be reported on.

[theakston2k]

It would also likely invalidate the insurance of the CG as well which is surely an explicit requirement in the JV lease?

[dogs]

Trying to find out more details of exactly what they provide and who they are etc, as was a chance conversation when playing bowls! Can only take the info on face value, and can't see why someone would bullshit on that, of course it depends on what they actually supply to the club and the extent to which they're involved with coverage etc.

[ChalkyWhiteIsGod]

I don't subscribe to where there is smoke there is always fire.....but there is a fucking lot of smoke about at the moment.

[Jimmy HaveHave]

Surely if true then it’s again an example of the Trust being asleep at the wheel. They’ve basically got an asset with no security which would surely be a breach of the JV agreement? Can our resident Trust board members confirm if they are aware of this?

Where’s the duty of care to all supporters inside the stadium if the CCTV isn’t active.

[The Artist Formerly Known as Audrey]

I see the non working CCTV wasn’t mentioned when that lady noticed one in her lav last week.

[dogs]

Where’s the duty of care to all supporters inside the stadium if the CCTV isn’t active.

Can't see it being like that as you can see the operators on a matchday but more if there's a security issue on non matchdays ie an alarm goes off and no-one responds, or whether the day to day cameras are actually working or being maintained.

[Wobbly Bob]

I'd imagine that the matchday control room at corner of Town End & DRS is still manned by or has a plod presence?

CCTV is mentioned in EFL ground regs & copy and pasted into the CG ground regs as well.
No explicit mention that it has to be in working order but the inference is that it should be.

If it's not operational on non matchdays then now is the time for OFUC OUFC to be scrawled on the pitch.