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1:30pm Tuesday 29th April 2008
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.
kevvo, The dog house again says...
11:42am Tue 29 Apr 08
kevvo, The dog house again says...
11:43am Tue 29 Apr 08
lp, christchurch says...
11:44am Tue 29 Apr 08
tezza, Southbourne On Sea says...
11:45am Tue 29 Apr 08
alasdair, windsor/kosovo says...
11:46am Tue 29 Apr 08
kevvo, The dog house again says...
11:49am Tue 29 Apr 08
tezza wrote: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.
To be fair to Moystyn he is the only one who has actually put some money up! The rest have just been jokers..
MJJ, Bournemouth says...
11:50am Tue 29 Apr 08
kevvo, The dog house again says...
11:52am Tue 29 Apr 08
alasdair wrote: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.
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
kevvo, The dog house again says...
11:53am Tue 29 Apr 08
MJJ wrote:Lets hope the Club will survive for longer than a week
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.
alasdair, windsor/kosovo says...
11:53am Tue 29 Apr 08
Garyt, Daventry says...
11:56am Tue 29 Apr 08
alasdair wrote: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.
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
alasdair, windsor/kosovo says...
11:58am Tue 29 Apr 08
brock_and_roll, Brock says...
11:59am Tue 29 Apr 08
Hugh, Wimborne says...
12:00pm Tue 29 Apr 08
alasdair, windsor/kosovo says...
12:03pm Tue 29 Apr 08
brock_and_roll wrote: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
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........
kevvo, The dog house again says...
12:03pm Tue 29 Apr 08
brock_and_roll wrote: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
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........
brock_and_roll, Brock says...
12:04pm Tue 29 Apr 08
muffin the mule, wallisdown says...
12:08pm Tue 29 Apr 08
kevvo, The dog house again says...
12:08pm Tue 29 Apr 08
Hugh wrote: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
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.
tednphil, bournemouth says...
12:10pm Tue 29 Apr 08
kevvo, The dog house again says...
12:11pm Tue 29 Apr 08
Andy_roo, says...
12:12pm Tue 29 Apr 08
kevvo, The dog house again says...
12:12pm Tue 29 Apr 08
kevvo, The dog house again says...
12:15pm Tue 29 Apr 08
tednphil wrote: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 .
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.
kevvo, The dog house again says...
12:16pm Tue 29 Apr 08
alasdair wrote:I never thought I would say it but lets hope Leeds win
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
brock_and_roll, Brock says...
12:16pm Tue 29 Apr 08
GMcMahon, Highcliffe says...
12:18pm Tue 29 Apr 08
kevvo, The dog house again says...
12:20pm Tue 29 Apr 08
Andy_roo wrote: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.
Because £80,000 is not the same as the 3 million that will be wiped away.
kevvo, The dog house again says...
12:25pm Tue 29 Apr 08
GMcMahon wrote:I think you are right The other bidders last time were linked I suspect that something else is going on as well
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.
lferrone, Boscombe East says...
12:26pm Tue 29 Apr 08
john coombes, Tiverton says...
12:28pm Tue 29 Apr 08
kevvo wrote: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
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
Chubbs, Bmth says...
12:29pm Tue 29 Apr 08
scottie, Salisbury says...
12:39pm Tue 29 Apr 08
muffin the mule wrote: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
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 ?
peacelover08, South of England says...
12:47pm Tue 29 Apr 08
alasdair, windsor/kosovo says...
1:01pm Tue 29 Apr 08
richard.board, southampton says...
1:14pm Tue 29 Apr 08
alasdair, windsor/kosovo says...
1:19pm Tue 29 Apr 08
Jem in Adelaide, Redwood Park says...
1:19pm Tue 29 Apr 08
brock_and_roll, Brock says...
1:21pm Tue 29 Apr 08
Chubbs wrote:Chubbs,
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!
alasdair, windsor/kosovo says...
1:23pm Tue 29 Apr 08
brock_and_roll, Brock says...
1:30pm Tue 29 Apr 08
alasdair wrote:We may know that by thursday!
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 ?
Chubbs, Bmth says...
1:38pm Tue 29 Apr 08
FletcherTheCat, The Sexy Beast says...
1:39pm Tue 29 Apr 08
Chubbs, Bmth says...
1:41pm Tue 29 Apr 08
brock_and_roll, Brock says...
2:04pm Tue 29 Apr 08
Chubbs wrote:...on the other hand, we are not a "big club"!!
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
john coombes, Tiverton says...
2:25pm Tue 29 Apr 08
Nixtrix_afcb, Sheffield says...
2:31pm Tue 29 Apr 08
Nixtrix_afcb, Sheffield says...
3:00pm Tue 29 Apr 08
Richard Mayes, says...
3:56pm Tue 29 Apr 08
CJR, Fleet says...
5:00pm Tue 29 Apr 08
alasdair wrote:Think! £4 MILLION VERSUS £100K Mmmmmm!
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
Winch, Winchester says...
5:06pm Tue 29 Apr 08
peacelover08, South of England says...
5:29pm Tue 29 Apr 08
rgibson, hungerford says...
5:54pm Tue 29 Apr 08
MJJ, Bournemouth says...
6:29pm Tue 29 Apr 08
NewForestPhil, New Forest says...
9:15pm Tue 29 Apr 08
kevvo, The dog house again says...
7:39am Wed 30 Apr 08
NewForestPhil wrote: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
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.
GMcMahon, Highcliffe says...
7:44am Wed 30 Apr 08
kevvo wrote: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.
NewForestPhil wrote: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
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.
anton, uk says...
8:24am Wed 30 Apr 08
kevvo, The dog house again says...
10:33am Wed 30 Apr 08
john coombes wrote: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
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
kevvo, The dog house again says...
10:39am Wed 30 Apr 08
GMcMahon wrote: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
kevvo wrote: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.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
kevvo, The dog house again says...
11:24am Wed 30 Apr 08
lferrone wrote: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
Does this mean that Mostyns daughters wedding on Saturday 3rd May has been cancelled!!!
kevvo, The dog house again says...
11:26am Wed 30 Apr 08
Chubbs wrote: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
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!
kevvo, The dog house again says...
11:28am Wed 30 Apr 08
richard.board wrote: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 .
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.
kevvo, The dog house again says...
11:32am Wed 30 Apr 08
kevvo, The dog house again says...
11:35am Wed 30 Apr 08
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mossly, christchurch says...
11:39am Tue 29 Apr 08