Creditors told to wait nine months

[lebowski]

if you read the article, and it seems to be an interpretation of the same letter posted up on here the other day (from another forum) then it says "up to 9 months". if the board don't yet know when the takeover will be complete (if at all) then they aren't really in a position to give a definitive date as to when they CVA can be paid off.

and also, all this "pissing off the council" talk is irrelevant, if the club comes up with financially viable plans and satisfies all concerns (council, locals, etc) then permission will be given, regardless of previous history.

[lebowski]

I just hope that the Football League don't view this as a substantial change to the CVA to warrant a points deduction. I'm sure the acting Chief Exec/Administrator has checked.
 Would Mark D know the answer to this hypothetical question? Anyone from the club browsing this - could they put my mind at rest?
Anybody?
Anything?
Help- please

i dont know, but given that the CVA has now finished and not been met, you would think any arrangement different to the original terms would constitute a new agreement, and -10 points?

[RobertT]

if you read the article, and it seems to be an interpretation of the same letter posted up on here the other day (from another forum) then it says "up to 9 months". if the board don't yet know when the takeover will be complete (if at all) then they aren't really in a position to give a definitive date as to when they CVA can be paid off.

and also, all this "pissing off the council" talk is irrelevant, if the club comes up with financially viable plans and satisfies all concerns (council, locals, etc) then permission will be given, regardless of previous history.

 

Their track record suggests we shouldn't hold our breath.  If and when a takeover happens, and presuming it's people with decent skills and honourable intentions, then I hope they don't let MD and his gang run with the development side of things.

[lebowski]

before i become the figure of fun here i should add that i do assume there that any future plans aren't like the old ones!

[lebowski]

which, now that i think about it, is highly unlikely.

[Frasier3]

Is it safe to assume that at this creditors meeting they will be informed of the interest of the fans consortium and their intentions for dealing with the CVA payments?

[magicroundabout]

i say we all sign some sort of petition asking for the council and other creditors to not agree to this 9 month wait. STFC have had 5 fucking years to sort the money out and now they ask for another 9 months.

While all of this is going on BP is sat patiently waiting to take over and pay the money asap yet STFC wont let them in.

It all smells of bull shit to me and a massive stinking pile of it.

Imminent take over my arss

if it was that imminent then pay your fucking bills

[pauld]

I'm going to be contraversial here.......

They're businessman. Their not stupid. Dunwoody is, from what I gather, a successful company

Dunwoody is in CVA again, now in their all-new shiny D460 incarnation. You might like to revise your "gathering" sources. Not so much controversial as just completely misinformed  

[Ardiles]

i say we all sign some sort of petition asking for the council and other creditors to not agree to this 9 month wait. STFC have had 5 fucking years to sort the money out and now they ask for another 9 months.

While all of this is going on BP is sat patiently waiting to take over and pay the money asap yet STFC wont let them in.

It all smells of bull shit to me and a massive stinking pile of it.

Imminent take over my arss

if it was that imminent then pay your fucking bills

I think something has to give now...all it will need is one of the creditors to call for the winding up order, so I suspect your petition idea may not be necessary.

The comments at the bottom of the Adver article are well worth reading.

http://www.thisisswindontownfc.co.uk/display.var.1542078.0.creditors_told_to_wait_or_get_nothing.php

Time to step up the pressure.

[OneAndrewFitton]

Personally i think Sir Seton Wills is a fucking disgrace to this football club, what he's done in the past is now in the past, Mr i love STFC, yeah right, that's a loads of bollocks, he's let this board and those clowns screw this club up, if he really cared about STFC he would have done the right thing along time ago and we wouldn't be in this mess!!!

[Luci]

Shsame there isnt a home friendly asap.  good opportunity for protest.

[OneAndrewFitton]

I think we should do everything possible to make the creditors issue a winding up order to get these pathetic clueless clowns out of our club!!

[Dazzza]

You have to laarf..

Jimmy Riddle aka Creditor 1: “So ok you want to delay repayment of the CVA for 9 months can you tell me how you propose to make that payment in 9 months?”

Mr Andonookakakoo aka CVA Supervisor: “Well we, no sorry scratch that I mean the board are in advanced negotiations.”

Moira Stuart aka Creditor 2: “So who are you, sorry the board in negotiations with Andrew?”

Mr Andonookakakoo aka CVA Supervisor: “An investor”

Bob Holt asleep in the corner wakes up, shakes stick in sync with incomprehensible rant and nods off again.

Jimmy Riddle aka Creditor 1: “So who is this investor and how do they propose to meet the payments?”

Mr Andonookakakoo aka CVA Supervisor: “I can’t tell you that it’s a secret but he is foreign”

Moira Stuart aka Creditor 2: “Right you want me to agree to delaying payment by 9 months while the club are making an annual loss with no guarantee of this foreign investor a. existing, b. investing and c. actually having the money themselves to make the payment?"

Mr Andonookakakoo aka CVA Supervisor: “ Ahh but the negotiations you see, what have I got in my pocketsessss?”

Jimmy Riddle aka Creditor 1: “Are you genuinely a fuckwit or think I’m a bit slow?”

Mr Andonookakakoo aka CVA Supervisor: “Erm, both?” cue exit

[Luci]

Adver needs run a front page feature on this as its about time everyone in swindon knows whats going on as its frightening to see how many stfc supporters don't have a clue whats been happening.  Times up, action has to be taken now.

[DV]

so, can I have a season ticket now and pay in 9 months time, just incase we go bust and dont have a club


DIDNT THINK SO?!