Ardiles
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Stirlingshire Reds
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« on: Sunday, November 15, 2009, 22:13:59 » |
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Batch
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« Reply #1 on: Sunday, November 15, 2009, 22:18:12 » |
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I thought all this had been sorted ?!?!? It is claiming the original £1.45m loan plus £1m
 Lets hope its in hand and that this is nothing more than a 'pay up' tactic or that the debt was the holding companies and not the clubs. |
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« Last Edit: Sunday, November 15, 2009, 22:20:21 by Batch »
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Ardiles
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Stirlingshire Reds
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« Reply #2 on: Sunday, November 15, 2009, 22:20:53 » |
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Something does not ring true here. Seems so 2005. I actually believe Fitton, Arbib et al have this sorted. But if not...credibility is really on the line.
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Batch
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« Reply #3 on: Sunday, November 15, 2009, 22:21:35 » |
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Well, we all knew about it. So I'm sure they did!
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Samdy Gray
Dirty sneaky traitor weasel
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« Reply #4 on: Sunday, November 15, 2009, 22:22:32 » |
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Oh. Shit.
I thought we were past all of this business. Obviously not.
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jonny72
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« Reply #5 on: Sunday, November 15, 2009, 22:25:49 » |
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Provided the article is correct all that has happened is St Modwen's have issued a statutory demand followed by a winding up order. I wouldn't worry too much about all those important sounding words, it just the route St Modwen's have chosen to take to get the money back they claim they are owed.
Anyone can issue a statutory demand, which has to be issued before a winding up order can be issued.
Good chance it is a scare tactic and they're trying it on to get money they might not be entitled to.
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Batch
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« Reply #6 on: Sunday, November 15, 2009, 22:26:03 » |
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Did Fitton mention it in the AGM?
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Talk Talk
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« Reply #7 on: Sunday, November 15, 2009, 22:26:15 » |
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It depends if the new company took all of the liabilities of the Mad Greek Fucktard's company I guess.
As we have been through the Bill Power court case I guess that they did. So on balance Fitton et al must be liable. However you have to say that as they did due diligence on the books before they bought, they must have known about this and should have planned to meet it.
Hopefully.
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Iffy's Onion Bhaji
petulant
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« Reply #8 on: Sunday, November 15, 2009, 22:26:32 » |
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Hmmmm does one not think that Fitton and Co see this as a debt of the last regime and not themselves? I guess that could be the stumbling block in such an issue. In saying that they would have known about this debt when they took control and to me this doesn't sound accurate.
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Talk Talk
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« Reply #9 on: Sunday, November 15, 2009, 22:26:47 » |
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Did Fitton mention it in the AGM?
Is it in the accounts as a liability? |
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Ardiles
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Stirlingshire Reds
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« Reply #10 on: Sunday, November 15, 2009, 22:27:20 » |
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The Guardian seems to be the only news outlet carrying the story according to newsnow.co.uk. http://www.guardian.co.uk/business/2009/nov/15/stmodwenproperties-swindonWill be interesting to see how this is covered elsewhere tomorrow. (The Adver are running with 'Former Coronation Street Star Relishes Career as Cheesemaker'.) |
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Batch
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« Reply #11 on: Sunday, November 15, 2009, 22:29:08 » |
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Is it in the accounts as a liability?
I haven't seen them. |
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Iffy's Onion Bhaji
petulant
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« Reply #12 on: Sunday, November 15, 2009, 22:29:37 » |
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And if it is true then we can kiss goodbye to any hope of buying a striker in January.
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yeo
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« Reply #13 on: Sunday, November 15, 2009, 22:31:41 » |
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ace, old school finacial problems..I feel a blimp coming on!
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Talk Talk
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« Reply #14 on: Sunday, November 15, 2009, 22:33:05 » |
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ace, old school finacial problems..I feel a blimp coming on!
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