CVA

[deltaincline]

http://boards.rivals.net/default.asp?sid=1019&p=16&forumid=3486&style=1

[flammableBen]

can you not just quote the important bits instead of making me click through stuff on that message board?

Also how's your day been? Do anything interesting? Out of the ordinary? Drink some nice beers? or something?

[deltaincline]

can you not just quote the important bits instead of making me click through stuff on that message board?

Also how's your day been? Do anything interesting? Out of the ordinary? Drink some nice beers? or something?

Thanks for the healthy interest in how my day was Ben. See pasted copy below:

Being a creditor of the club, the old man finally got a letter from Andronikou this morning. Better late than never eh?

The jist of it revolved around the club wanting an extra year to pay the cva off. I thought this new consortium had money?

Nicely worded letter though. Basically spelt out that the club had no assets and calling for a winding up order would mean nobody getting any money.

[lebowski]

it says someone who is a creditor got a letter from andrew adronikou saying that they want to delay the payment for a further year, and that the club has no assets so winding up would result in creditors receiving nothing at all. which is nice.

[lebowski]

and then someone wrote saying "i thought this new consortium had money?"

[glos_robin]

This 'take over' really has got alarm bells ringing in my head now, something really isn't right at all.

[flammableBen]

interesting. Sorry for being bitchy delta.

[Iffy's Onion Bhaji]

tbh though even if the new consortium has got money would it not be sensible to arrange a date of payment again? i think all the creditors have to agree to it first? i may be wrong. not sure you can just suddenly wave 900k in their faces (although that wouldn't hurt)

[Iffy's Onion Bhaji]

also, what if the deal with the new consortium falls through? better to be safe than sorry and delay payment by another year

[deltaincline]

This 'take over' really has got alarm bells ringing in my head now, something really isn't right at all.

I agree with you glos. The whole shebang fucking stinks. The board have been going on recently about how the takeover is going to be signed off soon, then Brevitt suddenly appears out of nowhere with a foreign geezer in his shadow wandering around the ground. Reading between the lines, Sturrock seems to know fuck all about what is going on even though they're saying that Brevitt will be the condiut between Sturrock and the new investors.

On top of all that, the cunt that is Andrew Andonikou now wants a fucking year longer to pay off the creditors!

This mess is getting beyond a joke now. SOMEONE do something, please?

[pauld]

also, what if the deal with the new consortium falls through? better to be safe than sorry and delay payment by another year

No, it's bloody madness. For one thing the Revenue are gagging for scraps with dodgy football clubs defaulting on their bills, for another a good few of the creditors they're trying to stiff (not least the council) are businesses/organisations they need to do business with in the future. And the council's lead member for finance has made it very clear precisely where he's likely to tell Andronikou where to stick this kind of arrangement.

This was an ideal opportunity to demonstrate to fans, local taxpayers and those businesses/organisations they need to have a good working relationship with that this is indeed a fresh start and the club is an organisation you can trust to do business with. If they have the money of course.

BUT, let's not go too OTT about this - atm this is an unconfirmed posting on a message board. If it pans out, though, it sounds like extremely bad news from the "serious investment", "saving the club" point of view.

[NW6Red]

also, what if the deal with the new consortium falls through? better to be safe than sorry and delay payment by another year

That's a big if, considering that they've burnt all their bridges with the other consortium.

Of course, all this rumour and speculation could be stopped immediately if they came out and said exactly who the new consortium are, how much they're planning to invest and what their plans are, but then the board wouldn't get to watch their paying customers suffer.

I'm with Glos Robin - this whole 'takeover' is suspicious. I hope I'm wrong, but until they give us more information I can't be anything but cynical, given their track record.

[glos_robin]

Stuff like this is why we need supporter input at boardroom level, this secrecy does nothing to improve the relationship between supporters and the club. I really don't know what to expect anymore when this saga concludes but I'm braced for it to be something that I really don't like.

[sonic youth]

a fan's rep in the boardroom would more than likely have to keep schtum anyway.

[Simon Pieman]

I wonder what the new investor's favourite cheese is.