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No complaints from Krasner
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| REACTION; Gerald Krasner |
CHERRIES administrator Gerald Krasner last night insisted the Football League's decision to dock the troubled club 17 points was "slightly better" than could have been expected.
The punishment is the same as the one inflicted on League Two rivals Rotherham and three points better than the 20-point handicap received by Luton Town.
After being informed of the news by the Daily Echo, Krasner said: "The fans should be pleased because it means there will be a match on Saturday.
"The punishment is in line with what Rotherham got and better than what Luton got. On that basis, I've got no complaints with it.
"The fans must be realistic and, on balance, this is slightly better than could have been expected, bearing in mind Luton's decision."
As part of the Football League board's offer, Cherries must provide a legal waiver indicating that they will not challenge or appeal the decision, as well as pay unsecured creditors the amount offered at the time of the CVA hearing (approximately 10p in the pound).
It is understood the total amount needed to deal with the club's creditors is about £500,000.
The club have to agree to the offer by noon today.
7:00am Friday 8th August 2008
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CommentPosted by: dragonm8, new Zealand on 8:14am Fri 8 Aug 08
No complaints from Gerald as he disappears into the sunset with a few extra pounds on his person, and in his pockets.
No complaints from Gerald as he disappears into the sunset with a few extra pounds on his person, and in his pockets.
Posted by: StephenColes, Hampshire on 8:15am Fri 8 Aug 08
The proposed CVA payout was to take about a year.
I presume this one will be much longer.
The proposed CVA payout was to take about a year.
I presume this one will be much longer.
Posted by: FletcherTheCat, The Sexy Beast on 8:30am Fri 8 Aug 08
Which CVA payout? There were different terms...
Which CVA payout? There were different terms...
Posted by: hba1, Southampton on 9:20am Fri 8 Aug 08
No complaints from Kranser but we have a lot of complaints about his involvement in this debacle.
No complaints from Kranser but we have a lot of complaints about his involvement in this debacle.
Posted by: john coombes, Tiverton on 9:31am Fri 8 Aug 08
[quote][bold]StephenColes[/bold] wrote:
The proposed CVA payout was to take about a year. I presume this one will be much longer.[/quote] good old stephen always negative, try being glad we still have a club to support
StephenColes wrote:
The proposed CVA payout was to take about a year. I presume this one will be much longer.
good old stephen always negative, try being glad we still have a club to support
Posted by: sussexcherry, sussex on 11:10am Fri 8 Aug 08
'After being informed of the news by the daily echo', so they did know how to contact him all along. Why then werent some serious questions asked, instead of the bog-standard 'Mostyn was unavailable for comment' being rolled out every few days. If the new team in place are as open with their comments as it seems at present, can I suggest to the echo that they acquire some mobile numbers now or is that asking too much.
'After being informed of the news by the daily echo', so they did know how to contact him all along. Why then werent some serious questions asked, instead of the bog-standard 'Mostyn was unavailable for comment' being rolled out every few days. If the new team in place are as open with their comments as it seems at present, can I suggest to the echo that they acquire some mobile numbers now or is that asking too much.
Posted by: Throopmill, Mt Everest on 11:43am Fri 8 Aug 08
Mostyn out!
Posted by: sussexcherry, sussex on 11:48am Fri 8 Aug 08
[quote][bold]sussexcherry[/bold] wrote:
'After being informed of the news by the daily echo', so they did know how to contact him all along. Why then werent some serious questions asked, instead of the bog-standard 'Mostyn was unavailable for comment' being rolled out every few days. If the new team in place are as open with their comments as it seems at present, can I suggest to the echo that they acquire some mobile numbers now or is that asking too much.[/quote] Sorry, meant Krasner instead of Mostyn, but even so JM was suddenly available for comment last night, must have run out of sangria!
sussexcherry wrote:
'After being informed of the news by the daily echo', so they did know how to contact him all along. Why then werent some serious questions asked, instead of the bog-standard 'Mostyn was unavailable for comment' being rolled out every few days. If the new team in place are as open with their comments as it seems at present, can I suggest to the echo that they acquire some mobile numbers now or is that asking too much.
Sorry, meant Krasner instead of Mostyn, but even so JM was suddenly available for comment last night, must have run out of sangria!
Posted by: cherryfan, Horndean on 12:21pm Fri 8 Aug 08
No complaints from Krasner? I bet! He must have made a killing from this.
No complaints from Krasner? I bet! He must have made a killing from this.
Posted by: community servant, london town on 1:04pm Fri 8 Aug 08
be interesting to compare:
(a) loss of income from relegation and cost of paying chubby cheeks his fee as well as cheap sale of Vokes against
(b) paying off inland revenue at the time last year, continuing to trade until kick off 2008/9 then going to admin to clear other debts, agreeing CVA given main creditor against would be out of the picture
no doubt when all accounts are filed we will be able to see. Unless of course the transparent new owners can set this out for us.
Still, here we go...
be interesting to compare:
(a) loss of income from relegation and cost of paying chubby cheeks his fee as well as cheap sale of Vokes against
(b) paying off inland revenue at the time last year, continuing to trade until kick off 2008/9 then going to admin to clear other debts, agreeing CVA given main creditor against would be out of the picture
no doubt when all accounts are filed we will be able to see. Unless of course the transparent new owners can set this out for us.
Still, here we go...
Posted by: scottie, Salisbury on 5:04pm Fri 8 Aug 08
[quote][bold]cherryfan[/bold] wrote:
No complaints from Krasner? I bet! He must have made a killing from this. [/quote] The only complaints are the way Krazner has handled our administration. Does not appear the he has followed the point deduction very well. Leeds got 15 points and they deiberately went into administration to avoid paying huge debts then sold the club back to the original owner for £1 not exactly the actions of AFCB. But then he was leeds. Hope he is on his bike soon goodbye and good riddance
cherryfan wrote:
No complaints from Krasner? I bet! He must have made a killing from this.
The only complaints are the way Krazner has handled our administration. Does not appear the he has followed the point deduction very well. Leeds got 15 points and they deiberately went into administration to avoid paying huge debts then sold the club back to the original owner for £1 not exactly the actions of AFCB. But then he was leeds. Hope he is on his bike soon goodbye and good riddance
Posted by: kudos, Fareham on 5:14pm Mon 11 Aug 08
[quote][bold]dragonm8[/bold] wrote:
No complaints from Gerald as he disappears into the sunset with a few extra pounds on his person, and in his pockets.[/quote] He's only interested in soaking up as much money as possible and **** if he misses a payment.
He's hindered the running of the club for long enough.
dragonm8 wrote:
No complaints from Gerald as he disappears into the sunset with a few extra pounds on his person, and in his pockets.
He's only interested in soaking up as much money as possible and **** if he misses a payment.
He's hindered the running of the club for long enough.
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