Power to people
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« Reply #30 on: Thursday, August 7, 2008, 13:15:10 » |
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Clubs are finding it near on impossible at the moment to agree a CVA as I beleive that it is HMRC that always votes against and they are always a very large creditor s without their agreement they cannot exit via a CVA.
Unfortunelty you can probably see more clubs being docked points before the end of the season.
The FL are making a joke of L2
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Batch
Not a Batch
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« Reply #31 on: Thursday, August 7, 2008, 18:06:52 » |
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Sky reporting Bournemouth have been deducted 17 points also.
Confirmed on FL website - subject to same terms as Rotherham being accepted (excluding the location bit).
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« Last Edit: Thursday, August 7, 2008, 18:09:08 by Batch »
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Rich Pullen
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« Reply #32 on: Thursday, August 7, 2008, 18:15:48 » |
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Only TWO can go down from L2 - will be interesting to see how they'll do.
Edited.
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« Last Edit: Thursday, August 7, 2008, 20:23:12 by Rich Pullen »
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michael
The Dude Abides
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« Reply #33 on: Thursday, August 7, 2008, 18:21:46 » |
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Shame for Bournemouth really because they only got relegated in the first place because of that shitty 10 point deduction ruling.
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Rich Pullen
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« Reply #34 on: Thursday, August 7, 2008, 18:27:07 » |
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Shame for Bournemouth really because they only got relegated in the first place because of that shitty 10 point deduction ruling.
...and then managed to get back in it - only to fall at the last hurdle. Bournemouth vs. Weymouth in the Conference in 2009/10 could be a new bitter derby! |
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axs
naaarrrrrppppp
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« Reply #35 on: Thursday, August 7, 2008, 19:15:41 » |
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Secured creditors being "football" debts yes?
You're starting to sound like Gordon Ramsay so stop it yes? |
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pauld
Aaron Aardvark
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Absolute Calamity!
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« Reply #36 on: Thursday, August 7, 2008, 19:48:32 » |
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Secured creditors being "football" debts yes?
No, don't think so. The distinction between secured and unsecured is that the former have some form of security against the debt, such as the mortgage over the CG lease/chunks of SSW's property that St Modwen had to secure our debt to them. Unsecured creditors are then every other poor sod who's just owed money but has no form of security so has to hang on for whatever they can pick up from the CVA. In our own case, these are the guys waiting for the final distribution from the CVA who Hacker Young are still buggering about. In Rotherham's case, the ruling states that unsecured creditors must be paid what they would have received had there been a CVA ie the 10p in the £ that was offered under the CVA that could not be agreed. So this is the FL making sure they don't get completely stiffed. I'm sure someone will correct me if I've got this arse about face |
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ronnie21
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The Mighty Hankerton
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« Reply #37 on: Thursday, August 7, 2008, 20:16:40 » |
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Only 3 can go down in L2 - will be interesting to see how they'll do.
Sorry, have the rules changed, I thought only two teams dropped into the Conference. |
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Bogus Dave
Ate my own dick
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« Reply #38 on: Thursday, August 7, 2008, 20:18:54 » |
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i think he meant its out of 3 teams to go down, not 3 go down. duhhh
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Things get better but they never get good
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Rich Pullen
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« Reply #39 on: Thursday, August 7, 2008, 20:23:50 » |
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i think he meant its out of 3 teams to go down, not 3 go down. duhhh
Oops. But yes, that is what I meant. |
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STFC_Gazzza
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« Reply #40 on: Thursday, August 7, 2008, 20:28:25 » |
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Clubs are finding it near on impossible at the moment to agree a CVA as I beleive that it is HMRC that always votes against and they are always a very large creditor s without their agreement they cannot exit via a CVA.
Unfortunelty you can probably see more clubs being docked points before the end of the season.
The FL are making a joke of L2
True... many ex league teams are already heading to the abyss... Halifax has just reformed along with Scarborough etc.. |
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Rich Pullen
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« Reply #41 on: Thursday, August 7, 2008, 21:35:07 » |
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I find it quite sad that a potential £19.7 million bid for Robinho by Chelsea is more important than Bournemouth's punishment. A stark reminder of what is "important" to the masses these days.
I'm quite aware of the reasons why - but, I still don't like it!
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