Creditors told to wait nine months

[horlock07]

The Council are not going to accept it are they, the club are already extremely umpopular with certains parts of the community (mainly due to the antics of the board), it would be political suicide for the Council to agree to defer the payment.

Equally, I would agree that they have burn their bridges with regards to staying in Swindon, either they have a new location or they are just flailing around like a punch drunk woman until they leave the club.

I still think that Andronikoukoulo is being a little naughty and unprofessional, whilst I do accept that he is being honest in that no other formal bid has been made for the club (I assume the consortium never got that far), he is fully aware that there is a potential bid in the offing, something he has not passed forward to the creditors at least to provide some background to the position, it could slightly alter the all or nothing approach being taken.

[arthurhorsfield]

Dunwoody is not a succesful company by anyones standards, it does not trade and its new shell company is in a CVA itself.

We have not gone away folks...watch this space.

[normy]

I am very worried about what the FL might do to poor little Swindon, (we're not Leeds) if the worse happens and it's all bullshit.

Worse than having 10 points docked, could someone tell me if we could be kicked out of the League altogether?  Was there not something about third time in to failed administration = OUT?  Hope I've got it wrong.

[Luci]

Can someone who knows please clarify that whilst there is a legitimate option in the form of Bill Power & the Trust Consortium....can we be penalised if they are able to come in and clear debts (hypothetically of course)?

[stfc_red1]

Is this proposal therefore classed as a renegotiation of the CVA? It is an alteration to the terms of the original agreement therfore how will the football league view this?

If they feel appropriate are they able to enforce a 10 point deduction on us after all when we signed the current CV we committed to pay the £900k by the end of June 07.

Whats the guarantee the same wouldn't happen again if the proposal is passed?

[Power to people]

Can someone who knows please clarify that whilst there is a legitimate option in the form of Bill Power & the Trust Consortium....can we be penalised if they are able to come in and clear debts (hypothetically of course)?

I would imagine that we can be peanalised, I don't beleive that any club in the FL has renogotiated it's CVA so we may be the first, and the FL may fancy making an example to stop other clubs trying the same thing.

Android does not seem to want to accept the existence of the Fan's Consortium though, in theory the Fan's Consortium should be rival bidders to the "new Consortium" and the current lot should be noegotiating with both to get the best deal they can, but for obvious reasons they won't.

I do wonder if the "new consortium" will pay the CVA subject to planning permission being recieved for a redev or a new ground so they can make money back.

[WorcesterRed]

I am very worried about what the FL might do to poor little Swindon, (we're not Leeds) if the worse happens and it's all bullshit.

Worse than having 10 points docked, could someone tell me if we could be kicked out of the League altogether?  Was there not something about third time in to failed administration = OUT?  Hope I've got it wrong.

Don't worry Normy, I'm sure that the current trustworthy, reliable, honest, whiter-than-white, truthful, respectable, honorable, principled, upright, fair, sincere, genuine, creditable, dependable people that are currently in charge of the club will have borne this in mind and done the necessary checks.

NOT.

 :wanker:

[sonic youth]

as macca says, the key phrase is "up to nine months". this could mean that the CVA is paid off in the next week, month, whatever. IMO it seems like a sensible way of hedging your bets, the only issue being the length of time it's taken Andronikou to sort this mess out.

what's happened to this promised legal action? where's bill gone?

[flammableBen]

Oooh, sick psych there Worcester.

[WorcesterRed]

Oooh, sick psych there Worcester.

I have every confidence in the current regime.

NOT.
 :chunder:

[WorcesterRed]

Dunwoody is not a succesful company by anyones standards, it does not trade and its new shell company is in a CVA itself.

We have not gone away folks...watch this space.

Music to my ears - nice to here you have not gone away.

 

[sonic youth]

we've all spent the last nine months watching this fucking space!

[janaage]

To wait nine month to possibly be paid a debt is not acceptable.  If it was cast iron guaranteed then I suppose you could argue the case of the board, but with it being "reasonably likely" that they can pay the debt, surely the council have no choice but to refuse the kind offer from the bopards.

[Ardiles]

Dunwoody is not a succesful company by anyones standards, it does not trade and its new shell company is in a CVA itself.

We have not gone away folks...watch this space.

That's good to hear, Mike.  Just hurry up, please!

[stfctownenda]

Dunwoody is not a succesful company by anyones standards, it does not trade and its new shell company is in a CVA itself.

We have not gone away folks...watch this space.

Thats great news, whatever happens I will be grateful to yourself, Phil, Bill and the Trust for persuing persistently against these paracites that plague our club.  If somehow against all the odds you guys got control of the club I could see the messiest ever celebration night in history