CVA Shambles

[pauld]

It is also interesting that the quote from Hacker Young is not from Andonikou, has he disappeared or is he still handling it.

Actually little appears to have changed as the Administrator still doesnt seem to be working form the small creditors, and still seems to be trying to avoid any meeting or contact.

Andronikou and his boss Ladislav Hornan are still the joint supervisors (although Andronikou seems to be in charge of it, Hornan is presumably just supervising him), the guy quoted in the Adver just works in the UHY office. Presumably Mr Andronikou was either out of the office or did not wish to answer the questions put. As he's consistently failed to answer creditors' questions, it seems wholly reasonable he should extend that policy to mere journalists. Or maybe he's just on holiday and will be back in the Adver next week lashing out at the creditors, the council and the Adver for having the temerity to ask why they've not had their money yet. Damn busybodies

[Simon Pieman]

I haven't had a kebab in ages

[glos_robin]

If one of your family were causing major problem for your employer then its only going to cause tension and affect both parties. It's like if your father owned some land that was key to a development that he wouldn't sell to the property company you worked for.........you wouldn't be able to show your face around the company and would be treated like you don't exist.  The risk of having within the club and the problems it 'could' cause seems to outweigh any benefits and its hardly going to look good to the creditors if the son in law of the man trying to take their money off them still works at the club.
It just seems that a parting of company would be best for both parties especially as it looks like ill feeling towards Diamandis is likely to grow again.
Oh and the fact his wife is likely to inherit the 'Dunwoody fortune' one day is where my comment on conflict of interests come from, it could be argued that it is in Lamberts interests for Dunwoody to get as much money as possible as it'll be his one day.

[Phil_S]

The REAL concern as far as I can see is how the league will see it. OK STFC have done everything required, but the CVA sis still in place. we all know how draconian they are & how they love to punish the innocent, not the guilty.
Other than that, what bothers me is the sheer greed, arrogance call it what you like by Dunwoody AKA Diamandis. Andronique should just tell him where to get off, but is this really likely when you consider how far back they go. After all, AA seems to be Mikey D's resident administrator. I I were a creditor I would be scrutinising this VERY closely.

[Simon Pieman]

Isn't the tension between the Administrators and the creditors? The club has paid!

[glos_robin]

Isn't the tension between the Administrators and the creditors? The club has paid!

It does no good for the clubs interests and position within the community though does it and I didn't like Paul's use of the words 'potential sactions' as this could delay us officially coming out of the CVA.

[suttonred]

Its the sanctions bit that worries me, after the FL stuffed Luton, bet they would love to give it to us again!

[pauld]

Isn't the tension between the Administrators and the creditors? The club has paid!

Yes, but the supervisors' (they're not Administrators) continuing failure to resolve the CVA means that the club is still in CVA with all the attendant negative implications that has in terms of credit rating etc. So this does impact the club, even though the club have done what they're supposed to.

[Rich Pullen]

Its the sanctions bit that worries me, after the FL stuffed Luton, bet they would love to give it to us again!

Likewise. Somebody please soothe my soul.

[pauld]

Its the sanctions bit that worries me, after the FL stuffed Luton, bet they would love to give it to us again!

Right and I should clarify that I have no specific information that we would be open to further sanction, it's more a worry that the League seem to be taking an extremely hard line recently with clubs not exiting Admin via CVA or with not meeting exact terms of CVAs etc. And they seem to wait until the Admin/CVA is concluded (ie just when you think you're free and clear) until they drop their bombshells. So it's a worry, that's all - until this CVA is finally completed once and for all, it remains a worry (to me anyway)

[Reg Smeeton]

I haven't had a kebab in ages

  I had a kebab t'other evening....kebab man just wanted to talk about STFC v Fenerbahce. He was impressed with Cox and thinks Aragones might want to sign him.

   I tried to get him to pronounce Daniel Guiza properly...not in a Motty way.

[Simon Pieman]

Nice story Reg.

I wonder what Ben Lambert's favourite kebab is?

[Jamiesfuturewife]

every conversation ends up in the gutter

[Dazzza]

every conversation ends up in the gutter

A bit like most Kebabs after a few drinks. 

I'd still eat a kebab out off the gutter.

Erm, anyway wiping the chilli ‘sauce’ off my chin  back on track what prey is the 750k for?  Professional services perhaps or printing?

If I recall the charismatic Michael mentioned in his Adver and BBC interview last year that when he got involved in the club he declined money for his services perhaps that’s the chicken nugget he now wishes to claw back. 

My final question for those with a smidgen of CVA proficiency is it possible to be a creditor, supplier, unofficial board member and shareholder (albeit through a proxy) in the holding company?  It all sounds a bit like a conflict of interest.

[Reg Smeeton]

Nice story Reg.

I wonder what Ben Lambert's favourite kebab is?

  I reckon he'd be a sheftalia man, sounds a bit like Frank Talia and resembles a Wilts faggot, and of course it's a Hellenic variant.