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MOSTYN IS PREFERRED BIDDER
GERALD Krasner this morning confirmed Jeff Mostyn as the preferred bidder to take Cherries out of administration.
Administrator Krasner told the press at Dean Court that Mostyn yesterday handed him a cheque for £80,000 to cover player wages and other bills.
It was confirmed, however, that the latest bid was a fresh offer from Mostyn and was not related to two bids received by Krasner earlier this month.
Begbies Traynor official Krasner also revealed it was "highly unlikely" that another corporate voluntary arrangement (CVA) proposal would be put forward and that Mostyn now has exclusivity following his latest offer.
1:30pm Tuesday 29th April 2008
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CommentPosted by: mossly, christchurch on 11:39am Tue 29 Apr 08
So after the merry go round Mostyn is the preferred bidder. Obviously at a far lower rate than originally bid
So after the merry go round Mostyn is the preferred bidder. Obviously at a far lower rate than originally bid
Posted by: kevvo, The dog house again on 11:42am Tue 29 Apr 08
So does that mean that the two bidders were excluded because they did not cough up the 100k deposit and that JM has got it even though he didnt either or has Jeff paid the 100k . JM was saying he was a bidder now Krassner is saying he wasnt I dont get this
So does that mean that the two bidders were excluded because they did not cough up the 100k deposit and that JM has got it even though he didnt either or has Jeff paid the 100k . JM was saying he was a bidder now Krassner is saying he wasnt I dont get this
Posted by: kevvo, The dog house again on 11:43am Tue 29 Apr 08
I posted that before I saw that he gave Krassner 80k yesterday
I posted that before I saw that he gave Krassner 80k yesterday
Posted by: lp, christchurch on 11:44am Tue 29 Apr 08
um ........ what the hell is going on ? we were told that one of the bidders was mostyn and now he never was ? ...... great work echo you got that one spot on !
um ........ what the hell is going on ? we were told that one of the bidders was mostyn and now he never was ? ...... great work echo you got that one spot on !
Posted by: tezza, Southbourne On Sea on 11:45am Tue 29 Apr 08
To be fair to Moystyn he is the only one who has actually put some money up! The rest have just been jokers..
To be fair to Moystyn he is the only one who has actually put some money up! The rest have just been jokers..
Posted by: alasdair, windsor/kosovo on 11:46am Tue 29 Apr 08
why the hell did mostyn put us in to administration all of a sudden has he got money to invest in the club why could he not find the investment pre administration
why the hell did mostyn put us in to administration all of a sudden has he got money to invest in the club why could he not find the investment pre administration
Posted by: kevvo, The dog house again on 11:49am Tue 29 Apr 08
[quote][bold]tezza[/bold] wrote:
To be fair to Moystyn he is the only one who has actually put some money up! The rest have just been jokers..[/quote] Thats true but it still doesnt add up. Everything this bloke does has a twist to it Not sure if this is a good day or a bad day.
tezza wrote:
To be fair to Moystyn he is the only one who has actually put some money up! The rest have just been jokers..
Thats true but it still doesnt add up. Everything this bloke does has a twist to it Not sure if this is a good day or a bad day.
Posted by: MJJ, Bournemouth on 11:50am Tue 29 Apr 08
Jeff's so great. Out of the kindness of his heart he's 'given' us some more money to take us to the end of the season.Let's all give him a hearty pat on the back.
Jeff's so great. Out of the kindness of his heart he's 'given' us some more money to take us to the end of the season.Let's all give him a hearty pat on the back.
Posted by: kevvo, The dog house again on 11:52am Tue 29 Apr 08
[quote][bold]alasdair[/bold] wrote:
why the hell did mostyn put us in to administration all of a sudden has he got money to invest in the club why could he not find the investment pre administration [/quote] One can only asume to wipe out the debt and maybe this time he has really found some investors but as I said just now everything this bloke does has a twist to it. He is a very clever man just hope after all the lies he really does mean to look after the Club I am sure that there will be more twists yet.
alasdair wrote:
why the hell did mostyn put us in to administration all of a sudden has he got money to invest in the club why could he not find the investment pre administration
One can only asume to wipe out the debt and maybe this time he has really found some investors but as I said just now everything this bloke does has a twist to it. He is a very clever man just hope after all the lies he really does mean to look after the Club I am sure that there will be more twists yet.
Posted by: kevvo, The dog house again on 11:53am Tue 29 Apr 08
[quote][bold]MJJ[/bold] wrote:
Jeff's so great. Out of the kindness of his heart he's 'given' us some more money to take us to the end of the season.Let's all give him a hearty pat on the back. [/quote] Lets hope the Club will survive for longer than a week
MJJ wrote:
Jeff's so great. Out of the kindness of his heart he's 'given' us some more money to take us to the end of the season.Let's all give him a hearty pat on the back.
Lets hope the Club will survive for longer than a week
Posted by: alasdair, windsor/kosovo on 11:53am Tue 29 Apr 08
how much has mostyn put in my calculations are 100 k deposit 300k when krasner arrived 80 k yesterday ,that amounts to 480 k why could he not have done that pre admin ?
how much has mostyn put in my calculations are 100 k deposit 300k when krasner arrived 80 k yesterday ,that amounts to 480 k why could he not have done that pre admin ?
Posted by: Garyt, Daventry on 11:56am Tue 29 Apr 08
[quote][bold]alasdair[/bold] wrote:
why the hell did mostyn put us in to administration all of a sudden has he got money to invest in the club why could he not find the investment pre administration [/quote] Mostyn did not have the money to pay the taxman (which was far more then the £180k he has put up so far). HMRC [bold]WOULD[/bold] have issued a winding up order, which would have been even more catastrophic than where we are now.
I am no fan of Mostyn, I do not see him taking the club forward, but do think he did the best thing he could at the time to try and safeguard football at DC. Now, if only he can find a partner with real money or real vision, or both.........haven't we been here before???
alasdair wrote:
why the hell did mostyn put us in to administration all of a sudden has he got money to invest in the club why could he not find the investment pre administration
Mostyn did not have the money to pay the taxman (which was far more then the £180k he has put up so far). HMRC
WOULD have issued a winding up order, which would have been even more catastrophic than where we are now.
I am no fan of Mostyn, I do not see him taking the club forward, but do think he did the best thing he could at the time to try and safeguard football at DC. Now, if only he can find a partner with real money or real vision, or both.........haven't we been here before???
Posted by: alasdair, windsor/kosovo on 11:58am Tue 29 Apr 08
right post administration mostyn has invested 480 k , 300k when Krasner arrived 100 k deposit and yesterdays 80 k why the hell could he not have done that pre administration
sorry if double posted computer playing up
right post administration mostyn has invested 480 k , 300k when Krasner arrived 100 k deposit and yesterdays 80 k why the hell could he not have done that pre administration
sorry if double posted computer playing up
Posted by: brock_and_roll, Brock on 11:59am Tue 29 Apr 08
The meeting also confirmed my fears that our failure to agree a CVA is a breach of the Leagues insolvency policy and as such we are in line for a 15-point deduction next season - hence why Krasner mentioned the Leeds decision on Thursaday as being vital........
The meeting also confirmed my fears that our failure to agree a CVA is a breach of the Leagues insolvency policy and as such we are in line for a 15-point deduction next season - hence why Krasner mentioned the Leeds decision on Thursaday as being vital........
Posted by: Hugh, Wimborne on 12:00pm Tue 29 Apr 08
Through all the press comments and rumours it is only Jeff Mostyn who has put money up. He has been shot at all the time, but he has never stopped trying to re build things. Well done, if things finally go through all fans owe him a debt of gratitude. Those still moaning and looking for reasons to knock him must remember no one else is around.
Through all the press comments and rumours it is only Jeff Mostyn who has put money up. He has been shot at all the time, but he has never stopped trying to re build things. Well done, if things finally go through all fans owe him a debt of gratitude. Those still moaning and looking for reasons to knock him must remember no one else is around.
Posted by: alasdair, windsor/kosovo on 12:03pm Tue 29 Apr 08
[quote][bold]brock_and_roll[/bold] wrote:
The meeting also confirmed my fears that our failure to agree a CVA is a breach of the Leagues insolvency policy and as such we are in line for a 15-point deduction next season - hence why Krasner mentioned the Leeds decision on Thursaday as being vital........[/quote] but whos fault is the failure not the clubs but krasner the man appointed to find the best finacial solution to the clubs problems,this is leeds arguement how can they be blamed for the administrators failures
brock_and_roll wrote:
The meeting also confirmed my fears that our failure to agree a CVA is a breach of the Leagues insolvency policy and as such we are in line for a 15-point deduction next season - hence why Krasner mentioned the Leeds decision on Thursaday as being vital........
but whos fault is the failure not the clubs but krasner the man appointed to find the best finacial solution to the clubs problems,this is leeds arguement how can they be blamed for the administrators failures
Posted by: kevvo, The dog house again on 12:03pm Tue 29 Apr 08
[quote][bold]brock_and_roll[/bold] wrote:
The meeting also confirmed my fears that our failure to agree a CVA is a breach of the Leagues insolvency policy and as such we are in line for a 15-point deduction next season - hence why Krasner mentioned the Leeds decision on Thursaday as being vital........[/quote] That was my next question which you have answered Oh S**t I know it was expected but still a kick in the teeth We suffer because of Businessmen trying to get the price down
brock_and_roll wrote:
The meeting also confirmed my fears that our failure to agree a CVA is a breach of the Leagues insolvency policy and as such we are in line for a 15-point deduction next season - hence why Krasner mentioned the Leeds decision on Thursaday as being vital........
That was my next question which you have answered Oh S**t I know it was expected but still a kick in the teeth We suffer because of Businessmen trying to get the price down
Posted by: brock_and_roll, Brock on 12:04pm Tue 29 Apr 08
As far as i can see, JM is going to get the club for around 600k and the unsecured creditors are going to get circa 0 pence in the pound.
Even if there were a new CVA (which Krasner has confirmed that there will not be) then of course it would not be passed - and rightly so from a taxpayer's perspective as Joe Public and the small business creditors are the biggest losers out of all this.
As far as i can see, JM is going to get the club for around 600k and the unsecured creditors are going to get circa 0 pence in the pound.
Even if there were a new CVA (which Krasner has confirmed that there will not be) then of course it would not be passed - and rightly so from a taxpayer's perspective as Joe Public and the small business creditors are the biggest losers out of all this.
Posted by: muffin the mule, wallisdown on 12:08pm Tue 29 Apr 08
what a right pigs ear this is ,the cherries are as deep in it as ever .no-one wants it apart from an obsessed Mostyn who hasnt got enough money to take it on,in league two there will be little income to keep it viable so how long does this delay the execution for ?
what a right pigs ear this is ,the cherries are as deep in it as ever .no-one wants it apart from an obsessed Mostyn who hasnt got enough money to take it on,in league two there will be little income to keep it viable so how long does this delay the execution for ?
Posted by: kevvo, The dog house again on 12:08pm Tue 29 Apr 08
[quote][bold]Hugh[/bold] wrote:
Through all the press comments and rumours it is only Jeff Mostyn who has put money up. He has been shot at all the time, but he has never stopped trying to re build things. Well done, if things finally go through all fans owe him a debt of gratitude. Those still moaning and looking for reasons to knock him must remember no one else is around.[/quote] Point taken but lets hope he is around when it counts He is only preferred bidder we have been here before he needs money and he needs it now as far as I can see we are safe until the end of the Season which is 5 days away. I wonder it this has been planned all along to get the price down
Hugh wrote:
Through all the press comments and rumours it is only Jeff Mostyn who has put money up. He has been shot at all the time, but he has never stopped trying to re build things. Well done, if things finally go through all fans owe him a debt of gratitude. Those still moaning and looking for reasons to knock him must remember no one else is around.
Point taken but lets hope he is around when it counts He is only preferred bidder we have been here before he needs money and he needs it now as far as I can see we are safe until the end of the Season which is 5 days away. I wonder it this has been planned all along to get the price down
Posted by: tednphil, bournemouth on 12:10pm Tue 29 Apr 08
Whether you love him or hate him; trust him or otherwise, Mostyn is the only person prepared to put actual cash into the club.
He might be getting the club on the cheap, but thats called "business".
I'd rather have Mostyn as chairman and a league club to support next year and beyond, than take the Mole route of having to watch B'mth League football on Kings Park 3. There just isn't ANY OTHER VIABLE PERSON out there.
Whether you love him or hate him; trust him or otherwise, Mostyn is the only person prepared to put actual cash into the club.
He might be getting the club on the cheap, but thats called "business".
I'd rather have Mostyn as chairman and a league club to support next year and beyond, than take the Mole route of having to watch B'mth League football on Kings Park 3. There just isn't ANY OTHER VIABLE PERSON out there.
Posted by: kevvo, The dog house again on 12:11pm Tue 29 Apr 08
Looks like a stitch up to me
Looks like a stitch up to me
Posted by: Andy_roo on 12:12pm Tue 29 Apr 08
Because £80,000 is not the same as the 3 million that will be wiped away.
Because £80,000 is not the same as the 3 million that will be wiped away.
Posted by: kevvo, The dog house again on 12:12pm Tue 29 Apr 08
That song by the Who springs to mind
Meet the New Boss same as the Old Boss
We dont get fooled again
That song by the Who springs to mind
Meet the New Boss same as the Old Boss
We dont get fooled again
Posted by: kevvo, The dog house again on 12:15pm Tue 29 Apr 08
[quote][bold]tednphil[/bold] wrote:
Whether you love him or hate him; trust him or otherwise, Mostyn is the only person prepared to put actual cash into the club. He might be getting the club on the cheap, but thats called "business". I'd rather have Mostyn as chairman and a league club to support next year and beyond, than take the Mole route of having to watch B'mth League football on Kings Park 3. There just isn't ANY OTHER VIABLE PERSON out there.[/quote] I grant you that but in Krassners words we are safe until the end of the Season thats 5 days away What happens to us after that .
Is he going to buy the Club or not it was a loan last time so who is he buying it off I dont understand this
tednphil wrote:
Whether you love him or hate him; trust him or otherwise, Mostyn is the only person prepared to put actual cash into the club. He might be getting the club on the cheap, but thats called "business". I'd rather have Mostyn as chairman and a league club to support next year and beyond, than take the Mole route of having to watch B'mth League football on Kings Park 3. There just isn't ANY OTHER VIABLE PERSON out there.
I grant you that but in Krassners words we are safe until the end of the Season thats 5 days away What happens to us after that .
Is he going to buy the Club or not it was a loan last time so who is he buying it off I dont understand this
Posted by: kevvo, The dog house again on 12:16pm Tue 29 Apr 08
[quote][bold]alasdair[/bold] wrote:
[quote][bold]brock_and_roll[/bold] wrote: The meeting also confirmed my fears that our failure to agree a CVA is a breach of the Leagues insolvency policy and as such we are in line for a 15-point deduction next season - hence why Krasner mentioned the Leeds decision on Thursaday as being vital........[/quote] but whos fault is the failure not the clubs but krasner the man appointed to find the best finacial solution to the clubs problems,this is leeds arguement how can they be blamed for the administrators failures[/quote] I never thought I would say it but lets hope Leeds win
alasdair wrote:
brock_and_roll wrote: The meeting also confirmed my fears that our failure to agree a CVA is a breach of the Leagues insolvency policy and as such we are in line for a 15-point deduction next season - hence why Krasner mentioned the Leeds decision on Thursaday as being vital........
but whos fault is the failure not the clubs but krasner the man appointed to find the best finacial solution to the clubs problems,this is leeds arguement how can they be blamed for the administrators failures
I never thought I would say it but lets hope Leeds win
Posted by: brock_and_roll, Brock on 12:16pm Tue 29 Apr 08
Looking at Betfair betting, it would seem that punters do not exect Leeds to get all their 15 points, otherwise they would be home and dry for automatic promotion.
Looking at Betfair betting, it would seem that punters do not exect Leeds to get all their 15 points, otherwise they would be home and dry for automatic promotion.
Posted by: GMcMahon, Highcliffe on 12:18pm Tue 29 Apr 08
Just turn the clock back about 2 months and that's where we are again, this still have chapters to run, just look at what has happened so far does anyone honestly think that this has now been resolved. A big thanks to Jeff for keeping the club going for the next week so we can stay up, but by my reckoning Mostyn is not going to be the one who will finally take over the club, remember how long he lasted as a bidder the first time, so let's not get carried away just yet, the whole thing looks a joke but I still don't think we have had the punch line yet.
Just turn the clock back about 2 months and that's where we are again, this still have chapters to run, just look at what has happened so far does anyone honestly think that this has now been resolved. A big thanks to Jeff for keeping the club going for the next week so we can stay up, but by my reckoning Mostyn is not going to be the one who will finally take over the club, remember how long he lasted as a bidder the first time, so let's not get carried away just yet, the whole thing looks a joke but I still don't think we have had the punch line yet.
Posted by: kevvo, The dog house again on 12:20pm Tue 29 Apr 08
[quote][bold]Andy_roo[/bold] wrote:
Because £80,000 is not the same as the 3 million that will be wiped away.[/quote] That I can see and thats sound Business but is he going to go through with it its unethical but it happens all the time. If you look at it from JMs point of view 3 million may be worth losing 15 points and going out of the League but to us its a disaster.
Andy_roo wrote:
Because £80,000 is not the same as the 3 million that will be wiped away.
That I can see and thats sound Business but is he going to go through with it its unethical but it happens all the time. If you look at it from JMs point of view 3 million may be worth losing 15 points and going out of the League but to us its a disaster.
Posted by: kevvo, The dog house again on 12:25pm Tue 29 Apr 08
[quote][bold]GMcMahon[/bold] wrote:
Just turn the clock back about 2 months and that's where we are again, this still have chapters to run, just look at what has happened so far does anyone honestly think that this has now been resolved. A big thanks to Jeff for keeping the club going for the next week so we can stay up, but by my reckoning Mostyn is not going to be the one who will finally take over the club, remember how long he lasted as a bidder the first time, so let's not get carried away just yet, the whole thing looks a joke but I still don't think we have had the punch line yet.[/quote] I think you are right The other bidders last time were linked I suspect that something else is going on as well
GMcMahon wrote:
Just turn the clock back about 2 months and that's where we are again, this still have chapters to run, just look at what has happened so far does anyone honestly think that this has now been resolved. A big thanks to Jeff for keeping the club going for the next week so we can stay up, but by my reckoning Mostyn is not going to be the one who will finally take over the club, remember how long he lasted as a bidder the first time, so let's not get carried away just yet, the whole thing looks a joke but I still don't think we have had the punch line yet.
I think you are right The other bidders last time were linked I suspect that something else is going on as well
Posted by: lferrone, Boscombe East on 12:26pm Tue 29 Apr 08
Does this mean that Mostyn’s daughter’s wedding on Saturday 3rd May has been cancelled!!!
Does this mean that Mostyn’s daughter’s wedding on Saturday 3rd May has been cancelled!!!
Posted by: john coombes, Tiverton on 12:28pm Tue 29 Apr 08
[quote][bold]kevvo[/bold] wrote:
[quote][bold]tednphil[/bold] wrote: Whether you love him or hate him; trust him or otherwise, Mostyn is the only person prepared to put actual cash into the club. He might be getting the club on the cheap, but thats called "business". I'd rather have Mostyn as chairman and a league club to support next year and beyond, than take the Mole route of having to watch B'mth League football on Kings Park 3. There just isn't ANY OTHER VIABLE PERSON out there.[/quote] I grant you that but in Krassners words we are safe until the end of the Season thats 5 days away What happens to us after that . Is he going to buy the Club or not it was a loan last time so who is he buying it off I dont understand this[/quote] for once I agree with you Kev, as the only person prepared to come up with cash I will support Jeff Mostyn, but I do feel that with all the speculation that will fly about he needs to come out and inform the supporters what his intentions are, if he has the backing to buy the club then good luck to him and lets us as supporters get behind him, I also think more details should be given on the other two groups who once again apear to have wasted everyones time
kevvo wrote:
tednphil wrote: Whether you love him or hate him; trust him or otherwise, Mostyn is the only person prepared to put actual cash into the club. He might be getting the club on the cheap, but thats called "business". I'd rather have Mostyn as chairman and a league club to support next year and beyond, than take the Mole route of having to watch B'mth League football on Kings Park 3. There just isn't ANY OTHER VIABLE PERSON out there.
I grant you that but in Krassners words we are safe until the end of the Season thats 5 days away What happens to us after that . Is he going to buy the Club or not it was a loan last time so who is he buying it off I dont understand this
for once I agree with you Kev, as the only person prepared to come up with cash I will support Jeff Mostyn, but I do feel that with all the speculation that will fly about he needs to come out and inform the supporters what his intentions are, if he has the backing to buy the club then good luck to him and lets us as supporters get behind him, I also think more details should be given on the other two groups who once again apear to have wasted everyones time
Posted by: Chubbs, Bmth on 12:29pm Tue 29 Apr 08
CVA's rarely go through as the HMRC always vote no on principal and they usually hold a big proportion of the vote. That is the only rule we have broken in this administration, everything else has been met! Leeds were deducted 15 points for trying to get round the 10 points for going into admin, which we have duly took on the chin!
I would be suprised if Leeds get the 5 points back they are trying to as it would cause mayhem to the league but I also dont think we will be deducted extra points come next season as long as we are out of admin!
CVA's rarely go through as the HMRC always vote no on principal and they usually hold a big proportion of the vote. That is the only rule we have broken in this administration, everything else has been met! Leeds were deducted 15 points for trying to get round the 10 points for going into admin, which we have duly took on the chin!
I would be suprised if Leeds get the 5 points back they are trying to as it would cause mayhem to the league but I also dont think we will be deducted extra points come next season as long as we are out of admin!
Posted by: scottie, Salisbury on 12:39pm Tue 29 Apr 08
[quote][bold]muffin the mule[/bold] wrote:
what a right pigs ear this is ,the cherries are as deep in it as ever .no-one wants it apart from an obsessed Mostyn who hasnt got enough money to take it on,in league two there will be little income to keep it viable so how long does this delay the execution for ?[/quote] WE ARE NOT in Div 2 and hope we won't be. Jeff Mostyn 's heart is in the right place but he has not got the money to take us on. Come on Harry money where your mouth is
muffin the mule wrote:
what a right pigs ear this is ,the cherries are as deep in it as ever .no-one wants it apart from an obsessed Mostyn who hasnt got enough money to take it on,in league two there will be little income to keep it viable so how long does this delay the execution for ?
WE ARE NOT in Div 2 and hope we won't be. Jeff Mostyn 's heart is in the right place but he has not got the money to take us on. Come on Harry money where your mouth is
Posted by: peacelover08, South of England on 12:47pm Tue 29 Apr 08
Well as I have consistently said Mostyn & Sly were going to get the club, and I have been proved right, it would appear that this has been a very cleverly worked out scheme that have enabled the club to be purchased at a reduced cost. In fairness now none of this matters, Jeff and Steve have put up, and now they have to prove that they have the ability and capability to take our sorry their club forward, time will tell whether they will be judged as successful or not. I hope they will build the many bridges they need to build, and I hope they populate the Boardroom with wise and hopefully rich directors, we are into a new era, lets hope its successful, somehow I fear that we may face disappointment in the long term, but for now we must support them, and they must learn to respect the supporters and more importantly the local business community, if they fail to heed that advice then for sure they will fail. Perhaps now we can focus on winning at Carlisle and being in League one next season, but remember this whole administration has all been very carefully planned, and cleverly executed fair play to them, even down to the very public farewells at recent games, we would do well not to be fooled by all of the show butlets hope for an exciting new future under our new sorry old leaders and move from all of the off field politics and concentrate on football that is the most important thing, and give our fantastic players all of the support we can, as they have been simply suberb in the last three months...........up the cherries into brave and hopefully exciting new world
Well as I have consistently said Mostyn & Sly were going to get the club, and I have been proved right, it would appear that this has been a very cleverly worked out scheme that have enabled the club to be purchased at a reduced cost. In fairness now none of this matters, Jeff and Steve have put up, and now they have to prove that they have the ability and capability to take our sorry their club forward, time will tell whether they will be judged as successful or not. I hope they will build the many bridges they need to build, and I hope they populate the Boardroom with wise and hopefully rich directors, we are into a new era, lets hope its successful, somehow I fear that we may face disappointment in the long term, but for now we must support them, and they must learn to respect the supporters and more importantly the local business community, if they fail to heed that advice then for sure they will fail. Perhaps now we can focus on winning at Carlisle and being in League one next season, but remember this whole administration has all been very carefully planned, and cleverly executed fair play to them, even down to the very public farewells at recent games, we would do well not to be fooled by all of the show butlets hope for an exciting new future under our new sorry old leaders and move from all of the off field politics and concentrate on football that is the most important thing, and give our fantastic players all of the support we can, as they have been simply suberb in the last three months...........up the cherries into brave and hopefully exciting new world
Posted by: alasdair, windsor/kosovo on 1:01pm Tue 29 Apr 08
have i missed something here ,correct me if im wrong when Krasner arrived Mr mostyn paid the 300 thousand fee ,he then would have had to put up a 100 thousand non refundable deposit with his first consortium bid and now yesterday another 80 thousand .
how much was the debt to the tax people pre administration ,if only mr mostyn had been as proactive pre administration as he is being now this whole saga would never have happened we would not be clinging by our finger nails for league one survival
have i missed something here ,correct me if im wrong when Krasner arrived Mr mostyn paid the 300 thousand fee ,he then would have had to put up a 100 thousand non refundable deposit with his first consortium bid and now yesterday another 80 thousand .
how much was the debt to the tax people pre administration ,if only mr mostyn had been as proactive pre administration as he is being now this whole saga would never have happened we would not be clinging by our finger nails for league one survival
Posted by: richard.board, southampton on 1:14pm Tue 29 Apr 08
Look he has got us through to the end, of this season. Lets face it do the guy a favour. Heis the only chap who is bothering to do anything, and you lot are slagging him off. Look he may have just saved your football club, but you lot kick him in the balls. Where is your money?. No you are just kidding yourselves. Give him a chance. Nobody knows if he will actually buy it , or who his partners maybe. Perhaps he wants to help us out.
Do not think he got to the best of starts, when the Echo stated he was a Manchester City fan.
We have a company trading for next season-you lot want blood-cut him some slack.
Look he has got us through to the end, of this season. Lets face it do the guy a favour. Heis the only chap who is bothering to do anything, and you lot are slagging him off. Look he may have just saved your football club, but you lot kick him in the balls. Where is your money?. No you are just kidding yourselves. Give him a chance. Nobody knows if he will actually buy it , or who his partners maybe. Perhaps he wants to help us out.
Do not think he got to the best of starts, when the Echo stated he was a Manchester City fan.
We have a company trading for next season-you lot want blood-cut him some slack.
Posted by: alasdair, windsor/kosovo on 1:19pm Tue 29 Apr 08
all im saying if he has the best interests of the club to heart why could not have done this pre admin fair comments i believe.
at the end of the day i dont care who runs the club as long as we do have a club.
all im saying if he has the best interests of the club to heart why could not have done this pre admin fair comments i believe.
at the end of the day i dont care who runs the club as long as we do have a club.
Posted by: Jem in Adelaide, Redwood Park on 1:19pm Tue 29 Apr 08
On the one hand thanks Jeff for keeping us going. On the other hand I hope there is more substance to your bid than just you. I'm on the other side of the world and not getting all the info but how does your 80,000 quid loan / offer / payment actually constitute a solid bona fide bid that you could not fund by yourself last time. Hopefully as more detail emerges we will know where the extra cash to put you back in the frame has come from.
As the other bids were not forthcoming I would really like to know why. The one that Webby mentioned earlier was very promising on most fronts (yes I even know who Mark was and what the german connection is) and was based on a very succesful solid business footing. As a result if their due diligence has been as thorough as I am sure it would have been my confidence in you Jeff being able to do anything worthwhile with OUR club is not high. JEFF DON"T STUFF US ABOUT WITH A MICKEY MOUSE BID YOU HAD BETTER BE THE REAL THING -ITS OUR PASSION YOU ARE PLAYING WITH. So good luck
On the one hand thanks Jeff for keeping us going. On the other hand I hope there is more substance to your bid than just you. I'm on the other side of the world and not getting all the info but how does your 80,000 quid loan / offer / payment actually constitute a solid bona fide bid that you could not fund by yourself last time. Hopefully as more detail emerges we will know where the extra cash to put you back in the frame has come from.
As the other bids were not forthcoming I would really like to know why. The one that Webby mentioned earlier was very promising on most fronts (yes I even know who Mark was and what the german connection is) and was based on a very succesful solid business footing. As a result if their due diligence has been as thorough as I am sure it would have been my confidence in you Jeff being able to do anything worthwhile with OUR club is not high. JEFF DON"T STUFF US ABOUT WITH A MICKEY MOUSE BID YOU HAD BETTER BE THE REAL THING -ITS OUR PASSION YOU ARE PLAYING WITH. So good luck
Posted by: brock_and_roll, Brock on 1:21pm Tue 29 Apr 08
[quote][bold]Chubbs[/bold] wrote:
CVA's rarely go through as the HMRC always vote no on principal and they usually hold a big proportion of the vote. That is the only rule we have broken in this administration, everything else has been met! Leeds were deducted 15 points for trying to get round the 10 points for going into admin, which we have duly took on the chin! I would be suprised if Leeds get the 5 points back they are trying to as it would cause mayhem to the league but I also dont think we will be deducted extra points come next season as long as we are out of admin![/quote] Chubbs,
I am afraid that I think you are wrong on this one. As previously posted, the following is the [bold]Football League's statement[/bold] in relation to Leeds United:
[italic][bold]In any insolvency situation The League's priorities are threefold, firstly the continuation of the football club if at all possible, secondly payment in full to football creditors and, finally, the best possible return for all other creditors. To this end, The League insists upon the satisfaction of creditors being proven through the completion of a CVA (which requires 75% majority support from creditors). This process has always been followed in previous instances of club administrations. In this particular case football creditors will be paid in full and the process thus far has already raised payment to unsecured creditors from 1p in the pound to around 11p in the pound. <BR><BR>However, The League acknowledges that the approval of a formal CVA may not always be possible and provision exists within The League's insolvency policy for clubs to be permitted to continue as a member club without a CVA. This only applies in 'exceptional circumstances' and is at the absolute discretion of The Football League Board. <BR><BR>In light of the Administrator's decision, The Football League Board met this morning. The Board agreed that, notwithstanding the manner in which this administration has been conducted, the club should be permitted to continue in The Football League. Consequently, the Board has decided to make use of the 'exceptional circumstances' provision within The League's insolvency policy, for the first time, and agreed to transfer the club's share in The Football League to Leeds United 2007 Ltd. Accordingly, the club's share has now been transferred. However it is acknowledged that the club did go into administration and has been unable to comply with the terms of The League's well-established insolvency policy. As a result, the Board determined that this transfer of membership should be subject to Leeds United having a 15 point deduction applicable from the beginning of the 2007/08 season.[/bold] [/italic]
I'm sorry but how are we any different? What the League are saying is that in exceptional circumstances they [italic][bold]may[/bold][/italic] transfer the share to AFCB 2008 Ltd without a CVA being in place, but basically in order to discourage this kind of thing and to be fair to other clubs, there will be a points penalty.
To be honest, the way our administration has been handled (i.e. padding it out to the end of the season to see what Div we will be in before giving the unsecured creditors zilch anyway)I think we might be struggling to show the "exceptional circumstances".
There have been at least 41 Administrations of Football League clubs in recent times, and as far as I am aware it is only recently that CVA's have not been agreed - either because the HMRC were not taking such a hard line or because their debt was <25% of the total.
Chubbs wrote:
CVA's rarely go through as the HMRC always vote no on principal and they usually hold a big proportion of the vote. That is the only rule we have broken in this administration, everything else has been met! Leeds were deducted 15 points for trying to get round the 10 points for going into admin, which we have duly took on the chin! I would be suprised if Leeds get the 5 points back they are trying to as it would cause mayhem to the league but I also dont think we will be deducted extra points come next season as long as we are out of admin!
Chubbs,
I am afraid that I think you are wrong on this one. As previously posted, the following is the
Football League's statement in relation to Leeds United:
In any insolvency situation The League's priorities are threefold, firstly the continuation of the football club if at all possible, secondly payment in full to football creditors and, finally, the best possible return for all other creditors. To this end, The League insists upon the satisfaction of creditors being proven through the completion of a CVA (which requires 75% majority support from creditors). This process has always been followed in previous instances of club administrations. In this particular case football creditors will be paid in full and the process thus far has already raised payment to unsecured creditors from 1p in the pound to around 11p in the pound. <BR><BR>However, The League acknowledges that the approval of a formal CVA may not always be possible and provision exists within The League's insolvency policy for clubs to be permitted to continue as a member club without a CVA. This only applies in 'exceptional circumstances' and is at the absolute discretion of The Football League Board. <BR><BR>In light of the Administrator's decision, The Football League Board met this morning. The Board agreed that, notwithstanding the manner in which this administration has been conducted, the club should be permitted to continue in The Football League. Consequently, the Board has decided to make use of the 'exceptional circumstances' provision within The League's insolvency policy, for the first time, and agreed to transfer the club's share in The Football League to Leeds United 2007 Ltd. Accordingly, the club's share has now been transferred. However it is acknowledged that the club did go into administration and has been unable to comply with the terms of The League's well-established insolvency policy. As a result, the Board determined that this transfer of membership should be subject to Leeds United having a 15 point deduction applicable from the beginning of the 2007/08 season.
I'm sorry but how are we any different? What the League are saying is that in exceptional circumstances they
may transfer the share to AFCB 2008 Ltd without a CVA being in place, but basically in order to discourage this kind of thing and to be fair to other clubs, there will be a points penalty.
To be honest, the way our administration has been handled (i.e. padding it out to the end of the season to see what Div we will be in before giving the unsecured creditors zilch anyway)I think we might be struggling to show the "exceptional circumstances".
There have been at least 41 Administrations of Football League clubs in recent times, and as far as I am aware it is only recently that CVA's have not been agreed - either because the HMRC were not taking such a hard line or because their debt was <25% of the total.
Posted by: alasdair, windsor/kosovo on 1:23pm Tue 29 Apr 08
fair comment could this be to keep the hounds at bay keep the club running until after sat so the other consortiums can see wether they are bidding for a league one or two club ?
fair comment could this be to keep the hounds at bay keep the club running until after sat so the other consortiums can see wether they are bidding for a league one or two club ?
Posted by: brock_and_roll, Brock on 1:30pm Tue 29 Apr 08
[quote][bold]alasdair[/bold] wrote:
fair comment could this be to keep the hounds at bay keep the club running until after sat so the other consortiums can see wether they are bidding for a league one or two club ?[/quote] We may know that by thursday! [leeds decision]
alasdair wrote:
fair comment could this be to keep the hounds at bay keep the club running until after sat so the other consortiums can see wether they are bidding for a league one or two club ?
We may know that by thursday!
Posted by: Chubbs, Bmth on 1:38pm Tue 29 Apr 08
Yes but Leeds offered 1% to all non-footballing creditors, where we offered 10%!!
Yes but Leeds offered 1% to all non-footballing creditors, where we offered 10%!!
Posted by: FletcherTheCat, The Sexy Beast on 1:39pm Tue 29 Apr 08
Do you take all statements at face value brock_and_roll?
Do you take all statements at face value brock_and_roll?
Posted by: Chubbs, Bmth on 1:41pm Tue 29 Apr 08
Also the main point is that the majority of football league rules are at the football leagues discretion and we all know that what they done to Leeds was to mak an example of them.
You say there is no big difference between our stituation and there's, will thats not true, we never tried to get around the 10 point deduction and whatever is documented, we all know that, that was what they were trying to make an example of so that others wouldn try and get round the 10 point deduction
Also the main point is that the majority of football league rules are at the football leagues discretion and we all know that what they done to Leeds was to mak an example of them.
You say there is no big difference between our stituation and there's, will thats not true, we never tried to get around the 10 point deduction and whatever is documented, we all know that, that was what they were trying to make an example of so that others wouldn try and get round the 10 point deduction
Posted by: brock_and_roll, Brock on 2:04pm Tue 29 Apr 08
[quote][bold]Chubbs[/bold] wrote:
Also the main point is that the majority of football league rules are at the football leagues discretion and we all know that what they done to Leeds was to mak an example of them. You say there is no big difference between our stituation and there's, will thats not true, we never tried to get around the 10 point deduction and whatever is documented, we all know that, that was what they were trying to make an example of so that others wouldn try and get round the 10 point deduction[/quote] ...on the other hand, we are not a "big club"!!
Given that "AFCB 2008 Ltd" will be entirely new, from a legal perspective, there are a lot of clubs at the top of the Conference that could cry foul if league clubs were able to do this kind of thing.
You can understand why the HMRC are so unhappy about this - they see the taxpayer losing everything, yet the very next season by complete coincidence there just so happens to be another business with the same club name, playing in the same colours, same stadium and same league. Of course their gripe is with the league rules not AFCB as such, but it does not alter the fact that there are people out there itching to make an example of a football club to deter this kind of thing in the future - and if it were not AFCB I would have a lot of sympathy with this view.
Chubbs wrote:
Also the main point is that the majority of football league rules are at the football leagues discretion and we all know that what they done to Leeds was to mak an example of them. You say there is no big difference between our stituation and there's, will thats not true, we never tried to get around the 10 point deduction and whatever is documented, we all know that, that was what they were trying to make an example of so that others wouldn try and get round the 10 point deduction
...on the other hand, we are not a "big club"!!
Given that "AFCB 2008 Ltd" will be entirely new, from a legal perspective, there are a lot of clubs at the top of the Conference that could cry foul if league clubs were able to do this kind of thing.
You can understand why the HMRC are so unhappy about this - they see the taxpayer losing everything, yet the very next season by complete coincidence there just so happens to be another business with the same club name, playing in the same colours, same stadium and same league. Of course their gripe is with the league rules not AFCB as such, but it does not alter the fact that there are people out there itching to make an example of a football club to deter this kind of thing in the future - and if it were not AFCB I would have a lot of sympathy with this view.
Posted by: john coombes, Tiverton on 2:25pm Tue 29 Apr 08
lets not spend too much time worrying about a possible 15 point penalty next season, let us hope there is still a club to worry about, unless the business community wake up and throw their selves behind Mostyn the club which many profess to support will no longer be
lets not spend too much time worrying about a possible 15 point penalty next season, let us hope there is still a club to worry about, unless the business community wake up and throw their selves behind Mostyn the club which many profess to support will no longer be
Posted by: Nixtrix_afcb, Sheffield on 2:31pm Tue 29 Apr 08
I seem to recall Mostyn wanting to register the club in a completely different name, change the strip logo and crest, I wouyldn't be so sure that you'll be watching AFCB next year.
I seem to recall Mostyn wanting to register the club in a completely different name, change the strip logo and crest, I wouyldn't be so sure that you'll be watching AFCB next year.
Posted by: Nixtrix_afcb, Sheffield on 3:00pm Tue 29 Apr 08
I seem to recall Mostyn wanting to register the club in a completely different name, change the strip logo and crest, I wouyldn't be so sure that you'll be watching AFCB next year.
I seem to recall Mostyn wanting to register the club in a completely different name, change the strip logo and crest, I wouyldn't be so sure that you'll be watching AFCB next year.
Posted by: Richard Mayes on 3:56pm Tue 29 Apr 08
Without Mostyn we wouldn't have a Club now, the other bidders have beaten a hasty retreat once they find that there aren't any assets to exploit, I wish him well and a lot of luck, he will need it.I understand that 3 times now he has tried to persuade other bidders to join him, only for them to walk away, he has been the only one to stick with it and prepared to put money up front.We should be grateful to him, as for the Administration , surely there can't be anyone out there that doesn't think that there was any alternative.Its been hard enough to find some one to put in a million let alone five.[bold]bold[/bold]
Without Mostyn we wouldn't have a Club now, the other bidders have beaten a hasty retreat once they find that there aren't any assets to exploit, I wish him well and a lot of luck, he will need it.I understand that 3 times now he has tried to persuade other bidders to join him, only for them to walk away, he has been the only one to stick with it and prepared to put money up front.We should be grateful to him, as for the Administration , surely there can't be anyone out there that doesn't think that there was any alternative.Its been hard enough to find some one to put in a million let alone five.
Posted by: CJR, Fleet on 5:00pm Tue 29 Apr 08
[quote][bold]alasdair[/bold] wrote:
why the hell did mostyn put us in to administration all of a sudden has he got money to invest in the club why could he not find the investment pre administration [/quote] Think! £4 MILLION VERSUS £100K Mmmmmm!
alasdair wrote:
why the hell did mostyn put us in to administration all of a sudden has he got money to invest in the club why could he not find the investment pre administration
Think! £4 MILLION VERSUS £100K Mmmmmm!
Posted by: Winch, Winchester on 5:06pm Tue 29 Apr 08
What has Jeff got to do to get some praise we had a Chairman a few years ago who was Southern Sports Personality of the year for doing a lot less and we're still trying to sort that mess. Jeff has kept the club alive the team have kept our hope alive, never mind looking for someone to blame there are no shortage of candidates we should now enjoy Saturday and look to next season with hope and gratitude
What has Jeff got to do to get some praise we had a Chairman a few years ago who was Southern Sports Personality of the year for doing a lot less and we're still trying to sort that mess. Jeff has kept the club alive the team have kept our hope alive, never mind looking for someone to blame there are no shortage of candidates we should now enjoy Saturday and look to next season with hope and gratitude
Posted by: peacelover08, South of England on 5:29pm Tue 29 Apr 08
Whatever the rights or wrongs are Jeff has got control, if he has gone into this without enough funds he will be found out very soon, if he has gone into this for ego because of the recent form, he will soon lose it as there is not much glory in running a league 1 club, if he brings success he will be a hero, if he fails he will be a villan, but if he has gone into this with the same boardroom team and advisors then he may be in for a challenging time. I hope Jeff and Steve succeed because they do have passion, but they do need to learn to communicate better, and be respectful to people, on this they have a very poor track record. This club has a chance lets hope that jeff and steve bring in decent well meaning people to help and work with them, lets hope they engage with the supporters and local business community, and lets hope they accept they cant do it alone, because clubs like ours need everyone to pull together and there is no room for ego's. Jeff and Steve your time has come, dont let the supporters down be transparent, and give us a club to be proud of, if you dont you will join a long list of those who promised so much and delivered nothing, I hope you are better than that, but only time will tell, and remember you cant do it on your own, despite what you may think.
Whatever the rights or wrongs are Jeff has got control, if he has gone into this without enough funds he will be found out very soon, if he has gone into this for ego because of the recent form, he will soon lose it as there is not much glory in running a league 1 club, if he brings success he will be a hero, if he fails he will be a villan, but if he has gone into this with the same boardroom team and advisors then he may be in for a challenging time. I hope Jeff and Steve succeed because they do have passion, but they do need to learn to communicate better, and be respectful to people, on this they have a very poor track record. This club has a chance lets hope that jeff and steve bring in decent well meaning people to help and work with them, lets hope they engage with the supporters and local business community, and lets hope they accept they cant do it alone, because clubs like ours need everyone to pull together and there is no room for ego's. Jeff and Steve your time has come, dont let the supporters down be transparent, and give us a club to be proud of, if you dont you will join a long list of those who promised so much and delivered nothing, I hope you are better than that, but only time will tell, and remember you cant do it on your own, despite what you may think.
Posted by: rgibson, hungerford on 5:54pm Tue 29 Apr 08
we are in exactly the same situation as leeds who came out of admin without an agreed CVA and this is what triggered the 15point penalty. The league has set a precedent in both allowing Leeds to get their golden share and thus take part in the competition and taking a 15pt penalty. Krasner now has to get the best bid he can and the league has to let us in. Whatever points Leeds get back the remainder will be the penalty we face next season. The problem if they get them all back Doncaster won't have anything to play for on Saturday!!
we are in exactly the same situation as leeds who came out of admin without an agreed CVA and this is what triggered the 15point penalty. The league has set a precedent in both allowing Leeds to get their golden share and thus take part in the competition and taking a 15pt penalty. Krasner now has to get the best bid he can and the league has to let us in. Whatever points Leeds get back the remainder will be the penalty we face next season. The problem if they get them all back Doncaster won't have anything to play for on Saturday!!
Posted by: MJJ, Bournemouth on 6:29pm Tue 29 Apr 08
Kevvo wrote:
Point taken but lets hope he is around when it counts.....
Absolutely agree, like this Saturday for one of the, if not most, important games in the clubs history... Oh, hang on, he can't make it can he?
Kevvo wrote:
Point taken but lets hope he is around when it counts.....
Absolutely agree, like this Saturday for one of the, if not most, important games in the clubs history... Oh, hang on, he can't make it can he?
Posted by: NewForestPhil, New Forest on 9:15pm Tue 29 Apr 08
The full transcript of what Krasner said is on the official AFCB website.
An interesting read - and confirms that Mostyn deserves our thanks irrespective of what anybody thinks of him personally. He has put his money where his mouth is but clearly can't do it all on his own.
Let's just hope for a good end to this week on the pitch - that may help to attract the required investment.
The full transcript of what Krasner said is on the official AFCB website.
An interesting read - and confirms that Mostyn deserves our thanks irrespective of what anybody thinks of him personally. He has put his money where his mouth is but clearly can't do it all on his own.
Let's just hope for a good end to this week on the pitch - that may help to attract the required investment.
Posted by: kevvo, The dog house again on 7:39am Wed 30 Apr 08
[quote][bold]NewForestPhil[/bold] wrote:
The full transcript of what Krasner said is on the official AFCB website. An interesting read - and confirms that Mostyn deserves our thanks irrespective of what anybody thinks of him personally. He has put his money where his mouth is but clearly can't do it all on his own. Let's just hope for a good end to this week on the pitch - that may help to attract the required investment.[/quote] Agreed It looks like we are stuck with Mostyn for a while at least although I agree with you if we retain our status the Club will become more attractive and I am sure JM will be happy to sell on at a profit of course
NewForestPhil wrote:
The full transcript of what Krasner said is on the official AFCB website. An interesting read - and confirms that Mostyn deserves our thanks irrespective of what anybody thinks of him personally. He has put his money where his mouth is but clearly can't do it all on his own. Let's just hope for a good end to this week on the pitch - that may help to attract the required investment.
Agreed It looks like we are stuck with Mostyn for a while at least although I agree with you if we retain our status the Club will become more attractive and I am sure JM will be happy to sell on at a profit of course
Posted by: GMcMahon, Highcliffe on 7:44am Wed 30 Apr 08
[quote][bold]kevvo[/bold] wrote:
[quote][bold]NewForestPhil[/bold] wrote:
The full transcript of what Krasner said is on the official AFCB website. An interesting read - and confirms that Mostyn deserves our thanks irrespective of what anybody thinks of him personally. He has put his money where his mouth is but clearly can't do it all on his own. Let's just hope for a good end to this week on the pitch - that may help to attract the required investment.[/quote] Agreed It looks like we are stuck with Mostyn for a while at least although I agree with you if we retain our status the Club will become more attractive and I am sure JM will be happy to sell on at a profit of course [/quote] Bit of a side swipe there Kevvo, come on he's kept the club alive for months, and he sure isn't making any profit is he, we should be thanking him not taking little swipes at him.
kevvo wrote:
NewForestPhil wrote:
The full transcript of what Krasner said is on the official AFCB website. An interesting read - and confirms that Mostyn deserves our thanks irrespective of what anybody thinks of him personally. He has put his money where his mouth is but clearly can't do it all on his own. Let's just hope for a good end to this week on the pitch - that may help to attract the required investment.
Agreed It looks like we are stuck with Mostyn for a while at least although I agree with you if we retain our status the Club will become more attractive and I am sure JM will be happy to sell on at a profit of course
Bit of a side swipe there Kevvo, come on he's kept the club alive for months, and he sure isn't making any profit is he, we should be thanking him not taking little swipes at him.
Posted by: anton, uk on 8:24am Wed 30 Apr 08
I won't give these people any of my money. Has put me off totally.
I won't give these people any of my money. Has put me off totally.
Posted by: kevvo, The dog house again on 10:33am Wed 30 Apr 08
[quote][bold]john coombes[/bold] wrote:
lets not spend too much time worrying about a possible 15 point penalty next season, let us hope there is still a club to worry about, unless the business community wake up and throw their selves behind Mostyn the club which many profess to support will no longer be[/quote] Indeed MR Mostyn may just be buying time for our benifit something I have to admit he has been very good at over the last 2 Years is just in time Management
john coombes wrote:
lets not spend too much time worrying about a possible 15 point penalty next season, let us hope there is still a club to worry about, unless the business community wake up and throw their selves behind Mostyn the club which many profess to support will no longer be
Indeed MR Mostyn may just be buying time for our benifit something I have to admit he has been very good at over the last 2 Years is just in time Management
Posted by: kevvo, The dog house again on 10:39am Wed 30 Apr 08
[quote][bold]GMcMahon[/bold] wrote:
[quote][bold]kevvo[/bold] wrote: [quote][bold]NewForestPhil[/bold] wrote: The full transcript of what Krasner said is on the official AFCB website. An interesting read - and confirms that Mostyn deserves our thanks irrespective of what anybody thinks of him personally. He has put his money where his mouth is but clearly can't do it all on his own. Let's just hope for a good end to this week on the pitch - that may help to attract the required investment.[/quote] Agreed It looks like we are stuck with Mostyn for a while at least although I agree with you if we retain our status the Club will become more attractive and I am sure JM will be happy to sell on at a profit of course [/quote] Bit of a side swipe there Kevvo, come on he's kept the club alive for months, and he sure isn't making any profit is he, we should be thanking him not taking little swipes at him.[/quote] Not meant to be a side swipe what I meant was It could be that JM is buying us time waiting for a real investor to come in He keeps saying they are out there but let him down at the last minute what I meant was if the club is more attractive the investors may actually materialise then JM can either work with them or sell to them in which case why should he lose money Cant win can I
GMcMahon wrote:
kevvo wrote: NewForestPhil wrote: The full transcript of what Krasner said is on the official AFCB website. An interesting read - and confirms that Mostyn deserves our thanks irrespective of what anybody thinks of him personally. He has put his money where his mouth is but clearly can't do it all on his own. Let's just hope for a good end to this week on the pitch - that may help to attract the required investment.
Agreed It looks like we are stuck with Mostyn for a while at least although I agree with you if we retain our status the Club will become more attractive and I am sure JM will be happy to sell on at a profit of course
Bit of a side swipe there Kevvo, come on he's kept the club alive for months, and he sure isn't making any profit is he, we should be thanking him not taking little swipes at him.
Not meant to be a side swipe what I meant was It could be that JM is buying us time waiting for a real investor to come in He keeps saying they are out there but let him down at the last minute what I meant was if the club is more attractive the investors may actually materialise then JM can either work with them or sell to them in which case why should he lose money Cant win can I
Posted by: kevvo, The dog house again on 11:24am Wed 30 Apr 08
[quote][bold]lferrone[/bold] wrote:
Does this mean that Mostyn’s daughter’s wedding on Saturday 3rd May has been cancelled!!! [/quote] No JM will proberbly cancel it at the last minute and blame it on a load of other investors letting him down . Why doesnt she get married at Carlisle before the match
lferrone wrote:
Does this mean that Mostyn’s daughter’s wedding on Saturday 3rd May has been cancelled!!!
No JM will proberbly cancel it at the last minute and blame it on a load of other investors letting him down . Why doesnt she get married at Carlisle before the match
Posted by: kevvo, The dog house again on 11:26am Wed 30 Apr 08
[quote][bold]Chubbs[/bold] wrote:
CVA's rarely go through as the HMRC always vote no on principal and they usually hold a big proportion of the vote. That is the only rule we have broken in this administration, everything else has been met! Leeds were deducted 15 points for trying to get round the 10 points for going into admin, which we have duly took on the chin! I would be suprised if Leeds get the 5 points back they are trying to as it would cause mayhem to the league but I also dont think we will be deducted extra points come next season as long as we are out of admin![/quote] I hope you are right but wouldnt that be unfair on everybody else surely there can not be one rule for one and one for another
Chubbs wrote:
CVA's rarely go through as the HMRC always vote no on principal and they usually hold a big proportion of the vote. That is the only rule we have broken in this administration, everything else has been met! Leeds were deducted 15 points for trying to get round the 10 points for going into admin, which we have duly took on the chin! I would be suprised if Leeds get the 5 points back they are trying to as it would cause mayhem to the league but I also dont think we will be deducted extra points come next season as long as we are out of admin!
I hope you are right but wouldnt that be unfair on everybody else surely there can not be one rule for one and one for another
Posted by: kevvo, The dog house again on 11:28am Wed 30 Apr 08
[quote][bold]richard.board[/bold] wrote:
Look he has got us through to the end, of this season. Lets face it do the guy a favour. Heis the only chap who is bothering to do anything, and you lot are slagging him off. Look he may have just saved your football club, but you lot kick him in the balls. Where is your money?. No you are just kidding yourselves. Give him a chance. Nobody knows if he will actually buy it , or who his partners maybe. Perhaps he wants to help us out. Do not think he got to the best of starts, when the Echo stated he was a Manchester City fan. We have a company trading for next season-you lot want blood-cut him some slack.[/quote] How do you know we will be trading next season as far as I can see we are safe until the end of this season .
richard.board wrote:
Look he has got us through to the end, of this season. Lets face it do the guy a favour. Heis the only chap who is bothering to do anything, and you lot are slagging him off. Look he may have just saved your football club, but you lot kick him in the balls. Where is your money?. No you are just kidding yourselves. Give him a chance. Nobody knows if he will actually buy it , or who his partners maybe. Perhaps he wants to help us out. Do not think he got to the best of starts, when the Echo stated he was a Manchester City fan. We have a company trading for next season-you lot want blood-cut him some slack.
How do you know we will be trading next season as far as I can see we are safe until the end of this season .
Posted by: kevvo, The dog house again on 11:32am Wed 30 Apr 08
Why do I get the impression that all this was planned 2 Years ago . I hope it was because at least someones got a plan or has this got to me so much paranoia has set in.
Why do I get the impression that all this was planned 2 Years ago . I hope it was because at least someones got a plan or has this got to me so much paranoia has set in.
Posted by: kevvo, The dog house again on 11:35am Wed 30 Apr 08
Realisticly Surely this Club has to be a more attractive proposition to any potential Investor if the Club is out of administration with its debt wiped out. Or am I missing something here
Realisticly Surely this Club has to be a more attractive proposition to any potential Investor if the Club is out of administration with its debt wiped out. Or am I missing something here
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