Ben Tozer holding up the takeover

[RobertT]

It's not ridiculous, it's exactly the sort of thing anyone who has made their personal income from failing companies would do.  Standard fayre, would be commonly described as Asset Stripping.  Squeeze out the maximum return you can from a dead business before letting it go.  In this case the potential for the business to be used as a trojan horse on a big development confuses the matter a little, so the tactic is altered to try and keep the business trading until that day or until some other mug takes on the daily running but you can keep your finger in the future profit pie.

[wokinghamred]

not only does it make perfect sense in diamandisland but i've heard the same as well.

diamandis has two options:

a) drag this out until january, sell off players like tozer and possibily brez, pocket the cash and give up.
b) use fitton to buy time from the creditors until january, sell any players possible and stave off the demise of the club in anticipation of that last big pay-off just round the corner

If the club goes to liquidation, they cannot sell the players and pocket the cash. They would be prosecuted for defrauding the creditors. One of the roles of the liquidator is to look at cash removed from the company leading up to the liquidation and ensure that it has not been appropriated by the directors when it should have gone to the creditors.

Tozer only has a value to Diamandis if the sale to Fitton goes through. If the rumour is true, again it is just brinksmanship, with the fat Greek trying to maximise his gain, and Fitton trying to pay only a reasonable amount for the club.

Either they will agree or they won't, in which case the club will be liquidated. They will not be able to make it through to January without a feasible plan to payoff the IR and the creditors. Without that it is game over.

Didn't seem to bother the directors of Farepak, & no ones been called top account for that one. I see the "rape" of STFC to be very similar

Farepak argued that they were solvent until the bank withdrew the credit line, and they could not repay the bank. They called in the administrators immediately that happened so did not act outside of the law.

If the Fat Greek took the Tozer money out while knowing that the company was trading insolvently the directorswould be personally liable, and it would be the liquidator, not Adronikou, making the decisions.

[lebowski]

going back to tozer being sold... in theory a club could pay for him outside of the transfer window and collect the registration once the fa rules allow them to.

they would, of course, risk paying up for a player who may go on to seriously injure himself in the meantime.

[Mark D]

IIRC, you can reach an agreement to sign someone outside of the window, they just are ineligible to play until after Jan 1. That also means that money can change hands early as part of the agreement. Mind you, if there any football creditors outstanding, the league are likely to deduct those monies from any fees payable and the club would only receive what's left after deductions. Away to Man U or Arsenal in Round 4 would be worth around £450-500k., even without TV rights. I haven't included away to Chelsea, as they have to play QPR in the 3rd round, and clearly have no chance of progressing!

[Luci]

haha good old QPR.  Cheers for clarification Mr D.

[OneAndrewFitton]

Greedy fat cunt.............................that's all i can say.

[Mark D]

OAF- if that's aimed at me, I would prefer the term 'Festively plump'. Thanks.

[lebowski]

mark, i think it was aimed at someone who is still at the club, in a very influential position.

or maybe he's talking about sturrock. it's hard to keep up on here sometimes.

[OneAndrewFitton]

OAF- if that's aimed at me, I would prefer the term 'Festively plump'. Thanks.

He He, I'm sure you know who it was directed to  

[DV]

we all know all our problems were caused by Mark Devlins over spend last season, remember Bob Holt told us so.....and he is anything but a stupid ignorant bullshitter!





i dont not believe this obviously

[Luci]

If the takeover does collapse can I please request to have Mr D back on board for the creation of AFC Swindon?  

[DV]

only if I get to be manager!

actually we already agreed that in the other thread.

Mark, sign me Parkin!

[Mark D]

Thanks for the reminder DV.

[DV]

I believe everything Bob Holt tells me.....

[Peter Venkman]

Now I would call Ruddock festively plump! and I would call him it to his face!

And yes I am aware of the irony of that statement! if not a little hypocritical!