News Monkey
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« on: Thursday, January 17, 2013, 07:00:13 » |
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Swindon Town consider entering administration to cut £13m debts
Swindon may be forced in to administration for a third time in order to slash their debts - thought to be around £13m. http://www.bbc.co.uk/sport/0/football/21047858
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Bennett
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« Reply #1 on: Thursday, January 17, 2013, 07:07:36 » |
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WON'T SOMEBODY THINK OF THE CHILDREN
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This is the water.
And this is the well.
Drink full and descend.
The horse is the white of the eyes and dark within.
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Batch
Not a Batch
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« Reply #2 on: Thursday, January 17, 2013, 07:23:02 » |
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WON'T SOMEBODY THINK OF THE CHILDREN
Jimmy Saville, are you back from the dead? |
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DV
Has also heard this
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Joseph McLaughlin
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« Reply #3 on: Thursday, January 17, 2013, 07:36:11 » |
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Hmmm
Is it just me whose a bit cynical that the only direct quotes are from an interview that happened a few weeks back?
Also we can't even go into admin a third time can we?
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Reg Smeeton
Walking Encyclopaedia
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« Reply #4 on: Thursday, January 17, 2013, 07:41:43 » |
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Hmmm
Is it just me whose a bit cynical that the only direct quotes are from an interview that happened a few weeks back?
Also we can't even go into admin a third time can we?
Think it may be you being a bit cynical....we're fucked, it's just a case of tin hat and sand bags and see what's left after the fallout. |
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Matchworn Shirts
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« Reply #5 on: Thursday, January 17, 2013, 08:02:29 » |
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Diamond Mike & AA to come back and save us
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BenTheRed
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« Reply #6 on: Thursday, January 17, 2013, 08:27:21 » |
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A reduction in the monthly playing budget at Swindon - which is believed to be in excess of £250,000 - is likely to be a priority, meaning League One's fifth-placed club could be forced to sell players. Really £250,000 a month on playing budget? seems a bit high to me  |
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Bob's Orange
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« Reply #7 on: Thursday, January 17, 2013, 08:47:05 » |
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Really £250,000 a month on playing budget? seems a bit high to me By my maths, if I take that we have 40 players, that averages over 1,500 per week. That seems pretty high for this level right enough, or am I mistaken? |
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
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« Reply #8 on: Thursday, January 17, 2013, 08:53:04 » |
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By my maths, if I take that we have 40 players, that averages over 1,500 per week. That seems pretty high for this level right enough, or am I mistaken?
I thought they were all on 10k ? |
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kaufman
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« Reply #9 on: Thursday, January 17, 2013, 08:58:27 » |
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Patey on, fears eased even more. Hold back angry mob people
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ghanimah
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« Reply #10 on: Thursday, January 17, 2013, 09:51:25 » |
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Hmmm
Is it just me whose a bit cynical that the only direct quotes are from an interview that happened a few weeks back?
Also we can't even go into admin a third time can we?
I thought that, but on reflection...I think the court order applied to the previous Ltd company, which of course since the takeover has now been liquidated. As it is now a new Ltd company that no longer applies. |
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"We perform the duties of freemen; we must have the privileges of freemen ..."
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pauld
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« Reply #11 on: Thursday, January 17, 2013, 11:40:26 » |
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Hmmm
Is it just me whose a bit cynical that the only direct quotes are from an interview that happened a few weeks back?
Also we can't even go into admin a third time can we?
There's no limit - we can go into admin as many times as a court will grant the order. But obviously each time you do so, certainly under the same directors, the less credible your argument that this will enable the company to restructure itself in the best interests of its creditors becomes |
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ghanimah
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« Reply #12 on: Thursday, January 17, 2013, 11:55:16 » |
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There's no limit - we can go into admin as many times as a court will grant the order. But obviously each time you do so, certainly under the same directors, the less credible your argument that this will enable the company to restructure itself in the best interests of its creditors becomes
I thought the comment related to the second time we went into administration and had condition imposed on us that we couldn't do it for the third time? |
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"We perform the duties of freemen; we must have the privileges of freemen ..."
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pauld
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« Reply #13 on: Thursday, January 17, 2013, 12:00:53 » |
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I thought the comment related to the second time we went into administration and had condition imposed on us that we couldn't do it for the third time?
That was just an urban myth I believe. There may have been some rumblings from the court along the lines of "You'd better sort it out properly this time because we won't be impressed if you turn up here again" but there's no absolute limit AFAIK. I'm sure Si Pie will be able to comment on this more fully. Although I'd still like to know whether if we go get a hat-trick of administration orders do we get to keep the judge's wig?  |
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Munichred
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« Reply #14 on: Thursday, January 17, 2013, 12:19:54 » |
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That was just an urban myth I believe. There may have been some rumblings from the court along the lines of "You'd better sort it out properly this time because we won't be impressed if you turn up here again" but there's no absolute limit AFAIK. I'm sure Si Pie will be able to comment on this more fully. Although I'd still like to know whether if we go get a hat-trick of administration orders do we get to keep the judge's wig? As long as the colour of the wig isn't ... Black |
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