Thetownend.com

I've had a bollockful of the bullshit and high-handed rhetoric spouted by Andrew Andonikou over the CVA. It sounds like this over-promoted accountant thinks he can just issue a statement that pisses about with the UK's insolvency laws in the hope that the thicko Swindon supporters will just swallow it like he assumes they always do.

Well, I have a message for you, Mr Andronikou; I'm proud to be a 'busybody' and in that capacity, I'm going to write and complain about you and Hacker Young to the bods who govern your profession.

www.insolvency.gov.uk/howtocomplain/complaininssip.htm

I'm going to ask them if you really can vary the CVA without even consulting the creditors.

I'm going to ask them to examine your personal conduct and that of Hacker Youngs', about the general handling of the STFC CVA's.

I'm also going to give them transcripts of your many public statements about the STFC CVA to make sure what you've frequently stated in the public domain is in fact both legally and morally correct.

I'm not a troublemaker Mr. Andronikou, but I am a busybody. I hope you crossed enough T's and dotted enough I's when attending to your presumably very lucrative insolvency business with STFC.

www.insolvency.gov.uk/howtocomplain/complaininssip.htm

:goodpost:

   Keep us informed of any reply.

Certainly when we asked an insolvency practitioner of 30 years+ experience to give his professional opinion on Andronikou's overall conduct of the CVA and his behaviour at the Fans' Forum he was, to say the least, surprised at both his attitude and some of the statements he was prepared to make re his own powers and the terms of the CVA.

The one thing that I really don't get about Andronikou is they way he seems to want to help the club as much as possible.

He has a duty to the creditors, not the club, insofar as if the CVA fails (which it nigh on has) he has the power to issue a winding up order.

Now I'm not saying I want him to issue a winding up order, but it does seem mightily strange that he's trying to help the club extend the CVA when really he should be doing all he can for the creditors. He might say that extending the CVA will allow the creditors to still get their money albeit over an extended period, but sure if the club was put into liquidation now they should be able to raise £900,000?

(Yes, I am a busybody as well).

Andronikou is just a Diamandis play thing!!  Mikey says shit, Andronikou ask how many lumps would you like?  Go for it Deltaincline!!
PS  How do you say shit in greek?

Don't know, but its 'merda' in Italian, so that might work!

Lets see if Mr Andronikou understands Italian, shall we?

È davvero uno stronzo!

(Sorry, been in Rome for 10 days, so I'm picking up bad habits)

Well done delta- let us know how you get on. He definately is not acting in the best interests of the creditors, is just another diamond mike puppet

Sam - surely it's the creditors who issue winding up orders? The administrators do just what is says on the tin - Administrate the order to pay the money back.

The past few times we've faced winding up orders they've been issued by HM Customs & Revenue, not Andromeda ... or whatever his name is.

There is very little doubt in my mind that he is acting on behalf of the current board and not the creditors. There is also no doubt in my mind that Diamandis is pulling his strings and that the relationship between the two does not benefit the creditors. I beleive the two are well acquainted as this is not the only administration he's done for Diamandis.
I was also very surprised he made a statement on behalf of STFC a few weeks back and staggered he talks about a few busybodies, some of whom are the creditors he should be representing.
I think our position with these creditors is well established though - treat them like shit. Don't forget Bowden's comments re business practice in relation to paying off the debt - also the way we treat SBCl.
The Board are playing an extremely high risk strategy and placing their belief in the trust of a so called professional who didn't even know if the CVA was linked to gorund developm,ent until a "busybody" pointed out the terms of the CVA to him.
He is an arrogant buffoon in much the same way as Bowden. Incidentally Bowden weren't you going to get your best mate Bluh to make a public statement on the ground development or was that another pile of shrt from the fans forum where you said even your critics and opponents admire you.
Well this is one miserable fucker who doesn't arsehole. I needed to put this down in writing as previuosly it was just plans in my head and they might have got forgotten

Have you heard this:

Police have warned Leeds United they cannot stage matches at Elland Road next season unless they pay in advance for policing inside the ground.

West Yorkshire Police were owed £82,000 when Leeds went into administration but will receive just £820

Could somebody please shed some light as to what this is doing in a thread about Andronikou ?

I am, quite understandably baffled

I think maybe we owe the police money, i may be wrong i cant remember seeing them on the list of creditors.

They are Macca

Didn't want to start another thread, and I thought it might be the same situation with Swindon.

Could they do the same thing to us ?? i actually want our creditors to be pissed off if that makes sense

Fair point Dell

They are indeed listed within the original CVA

We shall just have to see what develops really and the creditors reaction to it.

Once again though, it is public money that is at stake, and in my experience that is non negotiable, as the debt owing to Swindon Council

Like I keep saying, if this fella tries to vary the CVA and the creditors don't like it, THEY will be the ones who will issue the winding up orders - not Andronika.

Fred is absolutely right to say this is "non negotiable", especially in the case of the tax man.

Last two winding up orders: HM Customs & Revenue.

The thing is to renegotiate the CVA 75% of the creditors have to vote in favour, who is the biggest creditor? i believe it is seton wills and he would obviously agree to it, However i am glad that the council are taking a tough stance on the matter.

Also i am concerned as many others are regarding the 10 point deduction, surely even though our board are as thick as two planks they would have done some research into this? if not and we end up with -10 points then there will be alot of shit heading the board's way.

SSW doesn't count though I believe so would have no say in the matter

That's good then as if he did count the chances of renegotiating the CVA would be high, obviously the council wont agree to it and a few other creditors probably will not agree as well, this Andronikou guy well what can i say he's another Diamandis, the two of them are obviously good buddies, any other administrator would act more professionally and in the interests of the creditors and not the clubs.

Its 75% of unconnected creditors so SSW doesn't get a vote.

In that case i could understand why Andronikou would be so cocky and confident of renegotiating the CVA if SSW did get a vote as it probably would be done easily, however knowing that SSW cannot vote i cannot see 75% of creditors agreeing to it being negotiated so i don't see why Andronikou thinks he is god and can do what he wants as they may get a nasty surprise in a few weeks.

why are you posting with another new username? you could just change it in your profile.

:D

?????

OneBillPower is Razzledazzle aka townfanupnorth aka fuck knows what else.

Oh

Insolvency Act 1986 Part 1 Section 7 states:

Fair enough ... something I didn't know.

I think my trouble with what AA is saying is that he seems to be claiming "life and death" over the CVA which isn't true. If any of the creditors are unpaid they can apply to the High Court for a winding up order ... for AA to suggest otherwise simply isn't true.

http://www.insolvency.gov.uk/guidanceleaflets/conductethics/conductethics.htm#

Interesting bits about conflict of interest - especially section 3 Group B

After his little outburst on Friday, it looks as if Mr Andronikou is being found out.  The net is closing in.

Good piece by Gareth Moorhouse in today's Adver.

http://www.thisisswindontownfc.co.uk/display.var.1478034.0.trust_demand_andronikou_apology.php

Time for Andronikou to validate those claims, I think.

FWIW, as promised in the Adver piece we've written this morning to both Andronikou and his boss to ask for an apology.

http://www.sadlybroke.com/images/stfc.jpg

http://www.sadlybroke.com/images/stfc2.jpg

The apology (which, let’s face it, we’ll never get) is one issue.  But the more important issue you raise is the requirement for Andronikou to justify his claim that he has the power to vary the terms of the CVA - when both the terms of the CVA itself and legislation appear to suggest otherwise.

Until Andronikou issues a fully supported clarification, I think we’re all entitled to believe that he’s talking out of his arse (which strangely, is where he believes his elbow is.)

You've got it all wrong, where have I got this information from?  None other than our old friend Maverick who has today posted on the old TISTFC that Mr Andronikou is correct and we are all busy bodies! :old:

copy it over here please?

Mavericks posts

Mavericks post

but the CVA is our affairs, it is our business - it matters strongly to us.

cheers glos

Appears our friend feels differently though, I think its fair to say we all know what happens when we don't start meddling and leave them to their own devices

And some of us are shareholders too -- which means we're not prying into anyone elses affairs .... we have every right to know what is going on.

Irrespective of whether one feels Andronikou's comments had some justification, his role is as supervisor of the CVA (something Maverick has repeatedly demonstrated he does not understand). As such, his job is to protect the interests of creditors, not launch snide insults at the business' customers (several of whom are also those same creditors he's supposed to be representing). Whether justified or not, his comments were shockingly unprofessional and frankly none of his damn business.

http://www.thisisstfc.co.uk/Forum_New/topic.asp?TOPIC_ID=34740&whichpage=1

I really don't get where he is coming from today  :?

Maverick is on a big wind-up again, but my congrats go to Dell who started the whole thing off and has been very quiet ever since! :-))(

I'm trying to stay calm on the actual story comments. It's hard. I wish I could be as positive on our current situation as he is