Andronikou

[red macca]

They are Macca

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

[Fred Elliot]

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

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

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

[Panda Paws]

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.

[OneAndrewFitton]

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.

[glos_robin]

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

[OneAndrewFitton]

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.

[migzy]

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.

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

[OneAndrewFitton]

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.

[sonic youth]

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

[yeo]

[Fred Elliot]

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

??

[sonic youth]

OneBillPower is Razzledazzle aka townfanupnorth aka fuck knows what else.

[Fred Elliot]

Oh

[Samdy Gray]

... he has the power to issue a winding up order.

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.

Insolvency Act 1986 Part 1 Section 7 states:

(4) The supervisor:

(a) may apply to the court for directions in relation to any particular matter arising under the voluntary arrangement, and

(b) is included among the persons who may apply to the court for the winding up of a company or for an administration order to be made in relation to it.

[Panda Paws]

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.