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KRASNER IN DISCUSSION WITH OWNERS
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| ADMINISTRATOR: Gerald Krasner |
ADMINISTRATOR Gerald Krasner is today believed to be meeting Cherries' new owners to discuss their plans to keep the club running while it awaits the transfer of its Football League share.
However, the Daily Echo has learned that should the share not be returned by the end of the week, Cherries could start the new season still in administration, subject to approval from Krasner and the Football League, which should be a formality.
Chairman Jeff Mostyn, who called in the administrator six months ago, has been in dialogue with Football League officials for a number of weeks as Cherries seek approval for their membership application.
When contacted by the Daily Echo a week ago, a spokesperson for the league said Cherries' case was "still being worked through". It is believed league officials are due to meet later this week to discuss the matter further.
A possible points deduction, imposed for failing to exit administration in line with Football League procedures, would only kick if and when the share were transferred.
10:29am Tuesday 5th August 2008
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CommentPosted by: john coombes, Tiverton on 10:41am Tue 5 Aug 08
this would appear to be rumbling on, it needs a statement from the prospective new owners to clarify the position and give the fans some hope for the future, with the season ticket situation not clear there appears too many unanswered questions
this would appear to be rumbling on, it needs a statement from the prospective new owners to clarify the position and give the fans some hope for the future, with the season ticket situation not clear there appears too many unanswered questions
Posted by: Bigun, Bournemouth on 11:01am Tue 5 Aug 08
Questions cannot be answered until the outcomes are known, there have been to many false dawns.
Questions cannot be answered until the outcomes are known, there have been to many false dawns.
Posted by: AFCB lost in Brum, Birmingham on 11:11am Tue 5 Aug 08
Am I missing something John?
The season tix will be available for collection on Thurs, Sat, and maybe Fri - aside from uncertainty about ticket office opening on Fri what's unclear?
And what can Sport-6 clarify?
The FL make the decision, not Sport-6, and the FL don't meet until later in the week.
Sport-6 would be mad to make a statement ahead of that.
Sport-6's hands are tied, but you know that.
Am I missing something John?
The season tix will be available for collection on Thurs, Sat, and maybe Fri - aside from uncertainty about ticket office opening on Fri what's unclear?
And what can Sport-6 clarify?
The FL make the decision, not Sport-6, and the FL don't meet until later in the week.
Sport-6 would be mad to make a statement ahead of that.
Sport-6's hands are tied, but you know that.
Posted by: Bimht, sherborne on 11:15am Tue 5 Aug 08
...Yawn...Yawn....ge
tting totally fed up with all this nonsense...Krasner has been around too long...this saga has drained my sturdy emotions and we kick-off (maybe) this Saturday...does anyone out there give a fig?...my sypathies are with Bond and his squad...what a way to prepare for the season!
...Yawn...Yawn....ge
tting totally fed up with all this nonsense...Krasner has been around too long...this saga has drained my sturdy emotions and we kick-off (maybe) this Saturday...does anyone out there give a fig?...my sypathies are with Bond and his squad...what a way to prepare for the season!
Posted by: john coombes, Tiverton on 11:24am Tue 5 Aug 08
[quote][bold]AFCB lost in Brum[/bold] wrote:
Am I missing something John? The season tix will be available for collection on Thurs, Sat, and maybe Fri - aside from uncertainty about ticket office opening on Fri what's unclear? And what can Sport-6 clarify? The FL make the decision, not Sport-6, and the FL don't meet until later in the week. Sport-6 would be mad to make a statement ahead of that. Sport-6's hands are tied, but you know that. [/quote] apologies missed the article on season tickets, and I appreciate that the F'LEAGUE make the the decision, but I just feel that having taken the step to announce the sponsor which was a good step they missed the opportunity to lift the fans and give them more of a feel good factor, the website being a prime example with no one to contact, I have contacted the club by email and telephone, regarding a purchase I wanted to make and have not received any response from them
AFCB lost in Brum wrote:
Am I missing something John? The season tix will be available for collection on Thurs, Sat, and maybe Fri - aside from uncertainty about ticket office opening on Fri what's unclear? And what can Sport-6 clarify? The FL make the decision, not Sport-6, and the FL don't meet until later in the week. Sport-6 would be mad to make a statement ahead of that. Sport-6's hands are tied, but you know that.
apologies missed the article on season tickets, and I appreciate that the F'LEAGUE make the the decision, but I just feel that having taken the step to announce the sponsor which was a good step they missed the opportunity to lift the fans and give them more of a feel good factor, the website being a prime example with no one to contact, I have contacted the club by email and telephone, regarding a purchase I wanted to make and have not received any response from them
Posted by: Nick71, Poole on 11:46am Tue 5 Aug 08
Is Lost in Brum a spokesman for Sport6?
Is Lost in Brum a spokesman for Sport6?
Posted by: AFCB The Only, London on 1:59pm Tue 5 Aug 08
I think Lost in Brum is Alaistair Saverimutto using this forum to cover his tracks
I think Lost in Brum is Alaistair Saverimutto using this forum to cover his tracks
Posted by: jawesotherhalf, peterborough on 2:17pm Tue 5 Aug 08
Maybe this meeting has been called because Krasner has got a bid from Crewe or Bristol rovers for Little Jo.
Maybe this meeting has been called because Krasner has got a bid from Crewe or Bristol rovers for Little Jo.
Posted by: AFCB The Only, London on 2:43pm Tue 5 Aug 08
If think the meeting has been called because Krasner needs some re-assurances that Sport 6 have the ability to fund the club going forward. This is why the FL haven't held their meeting yet.
If think the meeting has been called because Krasner needs some re-assurances that Sport 6 have the ability to fund the club going forward. This is why the FL haven't held their meeting yet.
Posted by: flyingleaper, el segundo ca.USA on 2:53pm Tue 5 Aug 08
URRY UP ARRY
Posted by: GMcMahon, Highcliffe on 3:12pm Tue 5 Aug 08
So this should stop all the nonsense about not having a game on Saturday, I await the replies to that after getting so much grief for saying it was going to happen, funny isn't it how people never take the word of someone else even if they are quoting what has already been said. I hope this now means we will hear from the league this week and as I said before we look like we will start the season in administration I wonder how that will effect the points deduction, does it mean another 10 points for this coming season, let's hope not.
So this should stop all the nonsense about not having a game on Saturday, I await the replies to that after getting so much grief for saying it was going to happen, funny isn't it how people never take the word of someone else even if they are quoting what has already been said. I hope this now means we will hear from the league this week and as I said before we look like we will start the season in administration I wonder how that will effect the points deduction, does it mean another 10 points for this coming season, let's hope not.
Posted by: GMcMahon, Highcliffe on 3:17pm Tue 5 Aug 08
[quote][bold]john coombes[/bold] wrote:
[quote][bold]AFCB lost in Brum[/bold] wrote:
Am I missing something John? The season tix will be available for collection on Thurs, Sat, and maybe Fri - aside from uncertainty about ticket office opening on Fri what's unclear? And what can Sport-6 clarify? The FL make the decision, not Sport-6, and the FL don't meet until later in the week. Sport-6 would be mad to make a statement ahead of that. Sport-6's hands are tied, but you know that. [/quote] apologies missed the article on season tickets, and I appreciate that the F'LEAGUE make the the decision, but I just feel that having taken the step to announce the sponsor which was a good step they missed the opportunity to lift the fans and give them more of a feel good factor, the website being a prime example with no one to contact, I have contacted the club by email and telephone, regarding a purchase I wanted to make and have not received any response from them[/quote] But until they take over the club what you are asking for isn't going to happen as the club is still on the hands of Krasner and his cronies, we are expecting things to happen far to quickly, we knew weeks ago that this scenario was very likely as Kransner informed us also the league take the time they do to ensure it is all correct, I would much rather this all be done right than it be rushed like at Rotherham and then have a panic on because there is too much to resolve. I said it before we need to be resolute and patient if this is to go forward, all this panic and silly remarks about people just does no good.
john coombes wrote:
AFCB lost in Brum wrote:
Am I missing something John? The season tix will be available for collection on Thurs, Sat, and maybe Fri - aside from uncertainty about ticket office opening on Fri what's unclear? And what can Sport-6 clarify? The FL make the decision, not Sport-6, and the FL don't meet until later in the week. Sport-6 would be mad to make a statement ahead of that. Sport-6's hands are tied, but you know that.
apologies missed the article on season tickets, and I appreciate that the F'LEAGUE make the the decision, but I just feel that having taken the step to announce the sponsor which was a good step they missed the opportunity to lift the fans and give them more of a feel good factor, the website being a prime example with no one to contact, I have contacted the club by email and telephone, regarding a purchase I wanted to make and have not received any response from them
But until they take over the club what you are asking for isn't going to happen as the club is still on the hands of Krasner and his cronies, we are expecting things to happen far to quickly, we knew weeks ago that this scenario was very likely as Kransner informed us also the league take the time they do to ensure it is all correct, I would much rather this all be done right than it be rushed like at Rotherham and then have a panic on because there is too much to resolve. I said it before we need to be resolute and patient if this is to go forward, all this panic and silly remarks about people just does no good.
Posted by: Geoff, used to be Boscombe on 4:00pm Tue 5 Aug 08
If t is going to take time to exit administration, and if the League are going to require us to pay the amount proposed in the unsuccessful CVA (which they have with Luton), then Mostyn / Sport 6 should take the time and trouble to actually complete the CVA. Then we avoid the 15-point deduction.
The CVA only failed due to people (including Mostyn) not voting.
If t is going to take time to exit administration, and if the League are going to require us to pay the amount proposed in the unsuccessful CVA (which they have with Luton), then Mostyn / Sport 6 should take the time and trouble to actually complete the CVA. Then we avoid the 15-point deduction.
The CVA only failed due to people (including Mostyn) not voting.
Posted by: john coombes, Tiverton on 4:15pm Tue 5 Aug 08
[quote][bold]Geoff[/bold] wrote:
If t is going to take time to exit administration, and if the League are going to require us to pay the amount proposed in the unsuccessful CVA (which they have with Luton), then Mostyn / Sport 6 should take the time and trouble to actually complete the CVA. Then we avoid the 15-point deduction. The CVA only failed due to people (including Mostyn) not voting.[/quote] qite correct Geoff, if Mostyn and a number of other people close to the club had voted they would have got the CVA, but as it did not go through it gave them the chance to buy it cheaper
Geoff wrote:
If t is going to take time to exit administration, and if the League are going to require us to pay the amount proposed in the unsuccessful CVA (which they have with Luton), then Mostyn / Sport 6 should take the time and trouble to actually complete the CVA. Then we avoid the 15-point deduction. The CVA only failed due to people (including Mostyn) not voting.
qite correct Geoff, if Mostyn and a number of other people close to the club had voted they would have got the CVA, but as it did not go through it gave them the chance to buy it cheaper
Posted by: Lostinessex, Chelmsford on 4:25pm Tue 5 Aug 08
Permission to worry you Captain Mainwaring. If you go on to the Football League's new website, no, there is no decision yet, but there is a review just posted on the season ahead for League 2 clubs. Luton and us are just dismissed as hampered by off pitch problems. Not even worth a prediction. Not so the Gills and Port Vale. Should we read something into this. Maybe our biggest off-pitch problem is with the Football League itself. Now where did all those promises pf ITV digital money go? Oh yes and the points to be deducted.
Permission to worry you Captain Mainwaring. If you go on to the Football League's new website, no, there is no decision yet, but there is a review just posted on the season ahead for League 2 clubs. Luton and us are just dismissed as hampered by off pitch problems. Not even worth a prediction. Not so the Gills and Port Vale. Should we read something into this. Maybe our biggest off-pitch problem is with the Football League itself. Now where did all those promises pf ITV digital money go? Oh yes and the points to be deducted.
Posted by: lpstfc on 7:49pm Tue 5 Aug 08
Sport-6 haven't got any money - that's where the problem lies. They cannot fund the club - fact.this will end in tears - if not now then definitely in a few months time....
Sport-6 haven't got any money - that's where the problem lies. They cannot fund the club - fact.this will end in tears - if not now then definitely in a few months time....
Posted by: AFCB The Only, London on 9:23pm Tue 5 Aug 08
Well said lpstfc. They are another EU UK
This is why the League haven't moved yet and Krasner isn't sure that he can recommend to the League that Sport 6 have the funds to take the club forward. If you do some digging on Mr. Saverimutto it's not good reading. Rumours are that there is a party with "real money" that have the funds to take the club forward. Lets hope Krasner is taking them seriously and is talking with them.
Well said lpstfc. They are another EU UK
This is why the League haven't moved yet and Krasner isn't sure that he can recommend to the League that Sport 6 have the funds to take the club forward. If you do some digging on Mr. Saverimutto it's not good reading. Rumours are that there is a party with "real money" that have the funds to take the club forward. Lets hope Krasner is taking them seriously and is talking with them.
Posted by: FletcherTheCat, The Sexy Beast on 10:20pm Tue 5 Aug 08
[quote][bold]lpstfc[/bold] wrote:
Sport-6 haven't got any money - that's where the problem lies. They cannot fund the club - fact.this will end in tears - if not now then definitely in a few months time.... [/quote] The club does not need to be 'funded' - it needs to be run sustainably without constant injections of capital.
lpstfc wrote:
Sport-6 haven't got any money - that's where the problem lies. They cannot fund the club - fact.this will end in tears - if not now then definitely in a few months time....
The club does not need to be 'funded' - it needs to be run sustainably without constant injections of capital.
Posted by: FletcherTheCat, The Sexy Beast on 10:22pm Tue 5 Aug 08
[quote][bold]AFCB The Only[/bold] wrote:
Well said lpstfc. They are another EU UK
This is why the League haven't moved yet and Krasner isn't sure that he can recommend to the League that Sport 6 have the funds to take the club forward. If you do some digging on Mr. Saverimutto it's not good reading. Rumours are that there is a party with "real money" that have the funds to take the club forward. Lets hope Krasner is taking them seriously and is talking with them. [/quote] No. Let's hope Krasner is showing Keith Agar his middle finger.
AFCB The Only wrote:
Well said lpstfc. They are another EU UK
This is why the League haven't moved yet and Krasner isn't sure that he can recommend to the League that Sport 6 have the funds to take the club forward. If you do some digging on Mr. Saverimutto it's not good reading. Rumours are that there is a party with "real money" that have the funds to take the club forward. Lets hope Krasner is taking them seriously and is talking with them.
No. Let's hope Krasner is showing Keith Agar his middle finger.
Posted by: bassmankang, poole on 5:10am Wed 6 Aug 08
Yes, in an ideal world the club would exit admin before the season starts. However, would it not be better to remain in admin until we can meet the Football League requirements to exit admin without incurring any points penalty. What if admin continues for weeks or months, the team take us into the top three around mid-season, the club then exits admin improperly and receives a hefty points deduction to send us back down into mid-table or worse. Let's hope the people doing the deals have as much genuine passion for this club as Bond and his squad have...!
Yes, in an ideal world the club would exit admin before the season starts. However, would it not be better to remain in admin until we can meet the Football League requirements to exit admin without incurring any points penalty. What if admin continues for weeks or months, the team take us into the top three around mid-season, the club then exits admin improperly and receives a hefty points deduction to send us back down into mid-table or worse. Let's hope the people doing the deals have as much genuine passion for this club as Bond and his squad have...!
Posted by: bassmankang, poole on 5:12am Wed 6 Aug 08
Yes, in an ideal world the club would exit admin before the season starts. However, would it not be better to remain in admin until we can meet the Football League requirements to exit admin without incurring any points penalty. What if admin continues for weeks or months, the team take us into the top three around mid-season, the club then exits admin improperly and receives a hefty points deduction to send us back down into mid-table or worse. Let's hope the people doing the deals have as much genuine passion for this club as Bond and his squad have...!
Yes, in an ideal world the club would exit admin before the season starts. However, would it not be better to remain in admin until we can meet the Football League requirements to exit admin without incurring any points penalty. What if admin continues for weeks or months, the team take us into the top three around mid-season, the club then exits admin improperly and receives a hefty points deduction to send us back down into mid-table or worse. Let's hope the people doing the deals have as much genuine passion for this club as Bond and his squad have...!
Posted by: GMcMahon, Highcliffe on 8:51am Wed 6 Aug 08
[quote][bold]FletcherTheCat[/bold] wrote:
[quote][bold]AFCB The Only[/bold] wrote:
Well said lpstfc. They are another EU UK
This is why the League haven't moved yet and Krasner isn't sure that he can recommend to the League that Sport 6 have the funds to take the club forward. If you do some digging on Mr. Saverimutto it's not good reading. Rumours are that there is a party with "real money" that have the funds to take the club forward. Lets hope Krasner is taking them seriously and is talking with them. [/quote] No. Let's hope Krasner is showing Keith Agar his middle finger.[/quote] Agree with that, don't people realise he posts on here under an assumed name and causes most if not the vast majority of arguments, I wouldn't trust this man with my piggy bank let alone the football club, people wan to look at Swanns record and ask why he can't be a director of a company until May 2009, is that who you want buying the club? As for sport 6 where does it say that they have to have bucket loads of money to take over the club they have to show the league that they can keep the club afloat, the time the league are taking is no different than it has been with any other club, again people are making wild assumptions which have nothing to do with fact, I wonder what people really want out of all this, some seam determined to see this all go wrong why?
FletcherTheCat wrote:
AFCB The Only wrote:
Well said lpstfc. They are another EU UK
This is why the League haven't moved yet and Krasner isn't sure that he can recommend to the League that Sport 6 have the funds to take the club forward. If you do some digging on Mr. Saverimutto it's not good reading. Rumours are that there is a party with "real money" that have the funds to take the club forward. Lets hope Krasner is taking them seriously and is talking with them.
No. Let's hope Krasner is showing Keith Agar his middle finger.
Agree with that, don't people realise he posts on here under an assumed name and causes most if not the vast majority of arguments, I wouldn't trust this man with my piggy bank let alone the football club, people wan to look at Swanns record and ask why he can't be a director of a company until May 2009, is that who you want buying the club? As for sport 6 where does it say that they have to have bucket loads of money to take over the club they have to show the league that they can keep the club afloat, the time the league are taking is no different than it has been with any other club, again people are making wild assumptions which have nothing to do with fact, I wonder what people really want out of all this, some seam determined to see this all go wrong why?
Posted by: swampy, poole on 9:06am Wed 6 Aug 08
[quote][bold]john coombes[/bold] wrote:
[quote][bold]Geoff[/bold] wrote: If t is going to take time to exit administration, and if the League are going to require us to pay the amount proposed in the unsuccessful CVA (which they have with Luton), then Mostyn / Sport 6 should take the time and trouble to actually complete the CVA. Then we avoid the 15-point deduction. The CVA only failed due to people (including Mostyn) not voting.[/quote] qite correct Geoff, if Mostyn and a number of other people close to the club had voted they would have got the CVA, but as it did not go through it gave them the chance to buy it cheaper[/quote] unless I'm mistaken, the HMRC had a hand in the failure of the CVA also
john coombes wrote:
Geoff wrote: If t is going to take time to exit administration, and if the League are going to require us to pay the amount proposed in the unsuccessful CVA (which they have with Luton), then Mostyn / Sport 6 should take the time and trouble to actually complete the CVA. Then we avoid the 15-point deduction. The CVA only failed due to people (including Mostyn) not voting.
qite correct Geoff, if Mostyn and a number of other people close to the club had voted they would have got the CVA, but as it did not go through it gave them the chance to buy it cheaper
unless I'm mistaken, the HMRC had a hand in the failure of the CVA also
Posted by: fieldymex, mexico on 9:50am Wed 6 Aug 08
correct me if i'm wrong but it wouldnt matter what happened in the cva as HMRC will always vote against and are more than 25% of the debt. without paying them we cannot get a cva.
correct me if i'm wrong but it wouldnt matter what happened in the cva as HMRC will always vote against and are more than 25% of the debt. without paying them we cannot get a cva.
Posted by: FletcherTheCat, The Sexy Beast on 10:14am Wed 6 Aug 08
[quote][bold]GMcMahon[/bold] wrote:
So this should stop all the nonsense about not having a game on Saturday, I await the replies to that after getting so much grief for saying it was going to happen, funny isn't it how people never take the word of someone else even if they are quoting what has already been said. I hope this now means we will hear from the league this week and as I said before we look like we will start the season in administration I wonder how that will effect the points deduction, does it mean another 10 points for this coming season, let's hope not.[/quote] Don't take the Echo's assertion that things are a 'formality' as gospel. This article from today's Guardian paints a more accurate picture of the current predicament.
http://www.guardian.
co.uk/football/2008/
aug/06/rotherham.bou
rnemouth
Please realise that the club's participation in the League this season is still under threat even now.
GMcMahon wrote:
So this should stop all the nonsense about not having a game on Saturday, I await the replies to that after getting so much grief for saying it was going to happen, funny isn't it how people never take the word of someone else even if they are quoting what has already been said. I hope this now means we will hear from the league this week and as I said before we look like we will start the season in administration I wonder how that will effect the points deduction, does it mean another 10 points for this coming season, let's hope not.
Don't take the Echo's assertion that things are a 'formality' as gospel. This article from today's Guardian paints a more accurate picture of the current predicament.
http://www.guardian.
co.uk/football/2008/
aug/06/rotherham.bou
rnemouth
Please realise that the club's participation in the League this season is still under threat even now.
Posted by: elvispresleysking, Bristol on 10:35am Wed 6 Aug 08
[quote][bold]fieldymex[/bold] wrote:
correct me if i'm wrong but it wouldnt matter what happened in the cva as HMRC will always vote against and are more than 25% of the debt. without paying them we cannot get a cva. [/quote] fieldymex - quite correct. HMRC's stance is that they will vote against ANY CVA until they are returned to Preferrential Creditor status alongside football debts, something the Government changed about 2 years ago. The only way you'll get a CVA through at present is by ensuring that your debts to the HMRC are less than 25% (but even then you would need the other 75% to vote in favour of it) or not have any! This will continue to be the case until the law is changed, either back in favour of the HMRC or the FL change their rules on exiting admin.
With regards to starting the season- there is no reason why you won't be playing on Saturday. AFCB can start the season still in admin, indeed I believe a club can remain in admin for a period of 18 months, however what this would mean is that AFCB would still be owned by Mostyn. Sport-6 CANNOT assume control of the club until the Golden Share has been transferred. This can't happen until the league agrees to the proposal to exit admin which would entail Sport-6 convincing the FL that they are able to keep the club afloat for a period of at least 12 months. Once this is agreed then the FL will transfer the share, whilst imposing a penalty for not exiting the CVA correctly and Sport-6 will become the new owners. One reason it may be taking longer is that both Luton and Rotherham were bought by new owners yet there is still involvement form Mostyn regarding the new owners? Perhaps the FL are being a bit more diligent?
Good luck for Saturday and here's hoping the news from the FL today (if it is today) isn't too bad
fieldymex wrote:
correct me if i'm wrong but it wouldnt matter what happened in the cva as HMRC will always vote against and are more than 25% of the debt. without paying them we cannot get a cva.
fieldymex - quite correct. HMRC's stance is that they will vote against ANY CVA until they are returned to Preferrential Creditor status alongside football debts, something the Government changed about 2 years ago. The only way you'll get a CVA through at present is by ensuring that your debts to the HMRC are less than 25% (but even then you would need the other 75% to vote in favour of it) or not have any! This will continue to be the case until the law is changed, either back in favour of the HMRC or the FL change their rules on exiting admin.
With regards to starting the season- there is no reason why you won't be playing on Saturday. AFCB can start the season still in admin, indeed I believe a club can remain in admin for a period of 18 months, however what this would mean is that AFCB would still be owned by Mostyn. Sport-6 CANNOT assume control of the club until the Golden Share has been transferred. This can't happen until the league agrees to the proposal to exit admin which would entail Sport-6 convincing the FL that they are able to keep the club afloat for a period of at least 12 months. Once this is agreed then the FL will transfer the share, whilst imposing a penalty for not exiting the CVA correctly and Sport-6 will become the new owners. One reason it may be taking longer is that both Luton and Rotherham were bought by new owners yet there is still involvement form Mostyn regarding the new owners? Perhaps the FL are being a bit more diligent?
Good luck for Saturday and here's hoping the news from the FL today (if it is today) isn't too bad
Posted by: elvispresleysking, Bristol on 10:52am Wed 6 Aug 08
[quote][bold]FletcherTheCat[/bold] wrote:
[quote][bold]GMcMahon[/bold] wrote: So this should stop all the nonsense about not having a game on Saturday, I await the replies to that after getting so much grief for saying it was going to happen, funny isn't it how people never take the word of someone else even if they are quoting what has already been said. I hope this now means we will hear from the league this week and as I said before we look like we will start the season in administration I wonder how that will effect the points deduction, does it mean another 10 points for this coming season, let's hope not.[/quote] Don't take the Echo's assertion that things are a 'formality' as gospel. This article from today's Guardian paints a more accurate picture of the current predicament. http://www.guardian. co.uk/football/2008/ aug/06/rotherham.bou rnemouth Please realise that the club's participation in the League this season is still under threat even now. [/quote] This is the article in the Guardian today..
Troubled League Two clubs on the brink
Matt Scott The Guardian, Wednesday August 6 2008 Article history
Rotherham and Bournemouth may be little more than 48 hours from oblivion, with the Football League threatening to block the clubs' participation in League Two over the timetable of takeovers.
The league has yet to be persuaded that the companies intending to buy the clubs have satisfied criteria for the transfer of the so-called "golden" share that enables them to play in the league. In both cases it remains with the old football-club companies, which are in administration.
Although the league is prepared to admit them as "old co" clubs, it has demanded guarantees that they will be able to complete the season. There has been a flurry of correspondence between the clubs and the league but neither administrator has yet been able to convince the league board that there is funding to see his club through to May. The league is also calling for the administrators to demonstrate that they have a clear exit route from receivership.
After receiving more interim funding in the shape of a six-figure cheque last weekend Bournemouth's administrator, Gerald Krasner, said yesterday: "It's business as usual." But both he and Rotherham's administrator, Jeremy Bleazard, must convince an emergency board meeting of the league this week.
Rotherham's problems have been exacerbated by the league's demand for a £750,000 bond for them to be permitted to play at the Don Valley Stadium after quitting Millmoor last month. Bleazard did not return calls last night.
FletcherTheCat wrote:
GMcMahon wrote: So this should stop all the nonsense about not having a game on Saturday, I await the replies to that after getting so much grief for saying it was going to happen, funny isn't it how people never take the word of someone else even if they are quoting what has already been said. I hope this now means we will hear from the league this week and as I said before we look like we will start the season in administration I wonder how that will effect the points deduction, does it mean another 10 points for this coming season, let's hope not.
Don't take the Echo's assertion that things are a 'formality' as gospel. This article from today's Guardian paints a more accurate picture of the current predicament. http://www.guardian. co.uk/football/2008/ aug/06/rotherham.bou rnemouth Please realise that the club's participation in the League this season is still under threat even now.
This is the article in the Guardian today..
Troubled League Two clubs on the brink
Matt Scott The Guardian, Wednesday August 6 2008 Article history
Rotherham and Bournemouth may be little more than 48 hours from oblivion, with the Football League threatening to block the clubs' participation in League Two over the timetable of takeovers.
The league has yet to be persuaded that the companies intending to buy the clubs have satisfied criteria for the transfer of the so-called "golden" share that enables them to play in the league. In both cases it remains with the old football-club companies, which are in administration.
Although the league is prepared to admit them as "old co" clubs, it has demanded guarantees that they will be able to complete the season. There has been a flurry of correspondence between the clubs and the league but neither administrator has yet been able to convince the league board that there is funding to see his club through to May. The league is also calling for the administrators to demonstrate that they have a clear exit route from receivership.
After receiving more interim funding in the shape of a six-figure cheque last weekend Bournemouth's administrator, Gerald Krasner, said yesterday: "It's business as usual." But both he and Rotherham's administrator, Jeremy Bleazard, must convince an emergency board meeting of the league this week.
Rotherham's problems have been exacerbated by the league's demand for a £750,000 bond for them to be permitted to play at the Don Valley Stadium after quitting Millmoor last month. Bleazard did not return calls last night.
Posted by: AFCB The Only, London on 11:11am Wed 6 Aug 08
The Football League aren't convinced as we shouldn't be that Sport 6 have the financial ability to get the club through the season. Paying in installments doesn't interest the League they need to see that money is ring fenced to take the club through. As they say watch this space.........
The Football League aren't convinced as we shouldn't be that Sport 6 have the financial ability to get the club through the season. Paying in installments doesn't interest the League they need to see that money is ring fenced to take the club through. As they say watch this space.........
Posted by: GMcMahon, Highcliffe on 11:19am Wed 6 Aug 08
I wouldn't necessarily take the word of a journalist from the guardians as gospel either, what he is saying is nothing more than we already know, Rotherham have the added problem which could be their stumbling block and we have the issue which we all knew about with regard to sport6, I still say we will start the season, more funding has been put to the administrator and then it's if the offer from sport6 is good enough to take the club out of admin, I would like to hope the league use common sense in this but that would be asking too much. There have been those of us who have said be cautious ever since sport6 got involved and I was one who was told to jump off a cliff for saying so, I still think however we will start the season Saturday. What we do need now is a clear indication from Mostyn and the board as to exactly where we are and what is likely to happen, now more than ever they need to communicate with the fans, this could lead to panic ahead of Saturday so come on Mr Chairman now is the time to appease the fans.
I wouldn't necessarily take the word of a journalist from the guardians as gospel either, what he is saying is nothing more than we already know, Rotherham have the added problem which could be their stumbling block and we have the issue which we all knew about with regard to sport6, I still say we will start the season, more funding has been put to the administrator and then it's if the offer from sport6 is good enough to take the club out of admin, I would like to hope the league use common sense in this but that would be asking too much. There have been those of us who have said be cautious ever since sport6 got involved and I was one who was told to jump off a cliff for saying so, I still think however we will start the season Saturday. What we do need now is a clear indication from Mostyn and the board as to exactly where we are and what is likely to happen, now more than ever they need to communicate with the fans, this could lead to panic ahead of Saturday so come on Mr Chairman now is the time to appease the fans.
Posted by: izzy_init, England on 2:06pm Wed 6 Aug 08
[quote][bold]flyingleaper[/bold] wrote:
URRY UP ARRY[/quote] mr leaper
We are rather missing your posts on our boards, since the demise of rednblack. Why not pop in to the following and say hello: http://www.bournemou
th.vitalfootball.co.
uk/forum/forums/foru
m-view.asp?fid=3
Hope that works.
See you there?
flyingleaper wrote:
URRY UP ARRY
mr leaper
We are rather missing your posts on our boards, since the demise of rednblack. Why not pop in to the following and say hello: http://www.bournemou
th.vitalfootball.co.
uk/forum/forums/foru
m-view.asp?fid=3
Hope that works.
See you there?
Posted by: GMcMahon, Highcliffe on 2:37pm Wed 6 Aug 08
[quote][bold]izzy_init[/bold] wrote:
[quote][bold]flyingleaper[/bold] wrote:
URRY UP ARRY[/quote] mr leaper
We are rather missing your posts on our boards, since the demise of rednblack. Why not pop in to the following and say hello: http://www.bournemou
th.vitalfootball.co.
uk/forum/forums/foru
m-view.asp?fid=3
Hope that works.
See you there?[/quote] Things must be getting bad on vitals if you are coming on here to get people, I knew things were getting bad but really is it that bad? lol
izzy_init wrote:
flyingleaper wrote:
URRY UP ARRY
mr leaper
We are rather missing your posts on our boards, since the demise of rednblack. Why not pop in to the following and say hello: http://www.bournemou
th.vitalfootball.co.
uk/forum/forums/foru
m-view.asp?fid=3
Hope that works.
See you there?
Things must be getting bad on vitals if you are coming on here to get people, I knew things were getting bad but really is it that bad? lol
Posted by: izzy_init, England on 2:50pm Wed 6 Aug 08
"Things must be getting bad on vitals if you are coming on here to get people, I knew things were getting bad but really is it that bad? lol"
:)
"Things must be getting bad on vitals if you are coming on here to get people, I knew things were getting bad but really is it that bad? lol"
:)
Posted by: Plastic, eaststand on 7:57pm Wed 6 Aug 08
What's happened since things were 'nearly 80%' sorted out ?
The FL don't seem 'nearly 80%' ready to allow the club to continue in the FL ?
What's happened since things were 'nearly 80%' sorted out ?
The FL don't seem 'nearly 80%' ready to allow the club to continue in the FL ?
Posted by: Nadgor, Spain on 9:25pm Wed 6 Aug 08
However a decision was not made on AFC Bournemouth with a Football League Statement reading...
The Board also considered an application under the 'exceptional circumstances' provisions of its insolvency policy relating to AFC Bournemouth.
However, the Board is not yet satisfied with the viability of the new company's proposals and consequently it has been asked to reflect further on its position.
The Board will meet tomorrow to consider the matter again.
Sums up sport6 and Mostyn
However a decision was not made on AFC Bournemouth with a Football League Statement reading...
The Board also considered an application under the 'exceptional circumstances' provisions of its insolvency policy relating to AFC Bournemouth.
However, the Board is not yet satisfied with the viability of the new company's proposals and consequently it has been asked to reflect further on its position.
The Board will meet tomorrow to consider the matter again.
Sums up sport6 and Mostyn
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