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Marvin not afraid to get stuck in
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| TOUGH CUSTOMER: Marvin Bartley |
HARDMAN Marvin Bartley is prepared to put his tough tackling to the test in a bid to make Cherries' stay in League Two a brief one.
The combative midfielder insists he will be unfazed by the physical nature of life in the bottom tier of English football.
Having emerged from the non-league ranks after being handed his first professional contract by Kevin Bond last summer, Bartley is no stranger to getting stuck in.
The former Hampton and Richmond talisman, who is keen to remain at Dean Court next term, told the Daily Echo: "I've played in non-league and I don't think it gets any rougher than that.
"I think I've seen the worst of it so I shouldn't see anything that shocks me.
"I don't mind a tackle, as long as I'm winning the ball it's all right. I don't mind a bit of rough and tumble."
The 21-year-old's comments come after Cherries legend Steve Fletcher described the Football League's basement division as "beauty and the beast" in Tuesday's Daily Echo.
And Bartley, who is awaiting a new contract offer after his agent held talks with Cherries chairman Jeff Mostyn, believes Bond's team will be well equipped for their new surroundings if the squad remains intact.
He said: "I think everyone is willing to put their foot in and I think we'll have no problem coping with that.
"All the players have said the same as me - if everyone stays we'll have no problem bouncing back up. It just depends if the boys stay, which I hope they do."
Bartley added: "It's been an enjoyable year, I've come on a lot and learned an awful lot.
"I've just got to try to get the best offer that's right for me.
"The fans have been brilliant towards me. I love playing at Bournemouth and I couldn't have wished for a better start. When it comes to the fans, it's been good."
7:00am Thursday 22nd May 2008
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CommentPosted by: GMcMahon, Highcliffe on 8:07am Thu 22 May 08
If we lose those points we are all talking about our stay in league two could very well be a brief one, my only worry would be in which direction.
If we lose those points we are all talking about our stay in league two could very well be a brief one, my only worry would be in which direction.
Posted by: A surprise, Bournemouth on 8:38am Thu 22 May 08
Another story that is not really required at this stage. Some news on the club would be a lot more interesting and news worthy.
Mostyn was in Bournemouth yesterday holding meetings so lets hope we here something concrete soon. Please.
Another story that is not really required at this stage. Some news on the club would be a lot more interesting and news worthy.
Mostyn was in Bournemouth yesterday holding meetings so lets hope we here something concrete soon. Please.
Posted by: anton, uk on 10:03am Thu 22 May 08
are you going to write meaningless totally boring nothings for the entire summer? save the trees guys or write something interesting....
are you going to write meaningless totally boring nothings for the entire summer? save the trees guys or write something interesting....
Posted by: kudos, Fareham on 10:41am Thu 22 May 08
[quote][bold]GMcMahon[/bold] wrote:
If we lose those points we are all talking about our stay in league two could very well be a brief one, my only worry would be in which direction.[/quote] Well so far there is no strong evidence to suggest either way about another points deduction.
I tend to beleive Leeds lost the 15 points because there was 10 points that made no difference to their season so were carried over, plus the additional 5 as a penalty for trying to take advantage of the situation.
I'd also like to think that Luton would've been informed by now if they were getting another points deduction.
GMcMahon wrote:
If we lose those points we are all talking about our stay in league two could very well be a brief one, my only worry would be in which direction.
Well so far there is no strong evidence to suggest either way about another points deduction.
I tend to beleive Leeds lost the 15 points because there was 10 points that made no difference to their season so were carried over, plus the additional 5 as a penalty for trying to take advantage of the situation.
I'd also like to think that Luton would've been informed by now if they were getting another points deduction.
Posted by: kudos, Fareham on 10:42am Thu 22 May 08
[quote][bold]GMcMahon[/bold] wrote:
If we lose those points we are all talking about our stay in league two could very well be a brief one, my only worry would be in which direction.[/quote] Well so far there is no strong evidence to suggest either way about another points deduction.
I tend to beleive Leeds lost the 15 points because there was 10 points that made no difference to their season so were carried over, plus the additional 5 as a penalty for trying to take advantage of the situation.
I'd also like to think that Luton would've been informed by now if they were getting another points deduction.
GMcMahon wrote:
If we lose those points we are all talking about our stay in league two could very well be a brief one, my only worry would be in which direction.
Well so far there is no strong evidence to suggest either way about another points deduction.
I tend to beleive Leeds lost the 15 points because there was 10 points that made no difference to their season so were carried over, plus the additional 5 as a penalty for trying to take advantage of the situation.
I'd also like to think that Luton would've been informed by now if they were getting another points deduction.
Posted by: kevvo, The dog house again on 10:57am Thu 22 May 08
[quote][bold]A surprise[/bold] wrote:
Another story that is not really required at this stage. Some news on the club would be a lot more interesting and news worthy. Mostyn was in Bournemouth yesterday holding meetings so lets hope we here something concrete soon. Please.[/quote] Yes another detraction from the real issues perhaps Mostyn was meeting with the Echo to instruct them which story to print next . We havnt had a silly comment from Gowling for a while perhaps he is exhausted looking for another Club
A surprise wrote:
Another story that is not really required at this stage. Some news on the club would be a lot more interesting and news worthy. Mostyn was in Bournemouth yesterday holding meetings so lets hope we here something concrete soon. Please.
Yes another detraction from the real issues perhaps Mostyn was meeting with the Echo to instruct them which story to print next . We havnt had a silly comment from Gowling for a while perhaps he is exhausted looking for another Club
Posted by: kevvo, The dog house again on 11:02am Thu 22 May 08
[quote][bold]kudos[/bold] wrote:
[quote][bold]GMcMahon[/bold] wrote: If we lose those points we are all talking about our stay in league two could very well be a brief one, my only worry would be in which direction.[/quote] Well so far there is no strong evidence to suggest either way about another points deduction. I tend to beleive Leeds lost the 15 points because there was 10 points that made no difference to their season so were carried over, plus the additional 5 as a penalty for trying to take advantage of the situation. I'd also like to think that Luton would've been informed by now if they were getting another points deduction.[/quote] Thats a good point if thats right we may only lose 5 points but surely they would have told us that by now.
kudos wrote:
GMcMahon wrote: If we lose those points we are all talking about our stay in league two could very well be a brief one, my only worry would be in which direction.
Well so far there is no strong evidence to suggest either way about another points deduction. I tend to beleive Leeds lost the 15 points because there was 10 points that made no difference to their season so were carried over, plus the additional 5 as a penalty for trying to take advantage of the situation. I'd also like to think that Luton would've been informed by now if they were getting another points deduction.
Thats a good point if thats right we may only lose 5 points but surely they would have told us that by now.
Posted by: GMcMahon, Highcliffe on 11:14am Thu 22 May 08
[quote][bold]kevvo[/bold] wrote:
[quote][bold]kudos[/bold] wrote:
[quote][bold]GMcMahon[/bold] wrote: If we lose those points we are all talking about our stay in league two could very well be a brief one, my only worry would be in which direction.[/quote] Well so far there is no strong evidence to suggest either way about another points deduction. I tend to beleive Leeds lost the 15 points because there was 10 points that made no difference to their season so were carried over, plus the additional 5 as a penalty for trying to take advantage of the situation. I'd also like to think that Luton would've been informed by now if they were getting another points deduction.[/quote] Thats a good point if thats right we may only lose 5 points but surely they would have told us that by now. [/quote] We still have no clue, I would say we won't find out until we are out of administration, it will; be down to the league to set the penalty for us to come out without a CVA so as we still have no idea who is buying the club it's still too early to guess the penalty, I also think it's getting ahead of ourselves when players talk about bouncing straight back though.
kevvo wrote:
kudos wrote:
GMcMahon wrote: If we lose those points we are all talking about our stay in league two could very well be a brief one, my only worry would be in which direction.
Well so far there is no strong evidence to suggest either way about another points deduction. I tend to beleive Leeds lost the 15 points because there was 10 points that made no difference to their season so were carried over, plus the additional 5 as a penalty for trying to take advantage of the situation. I'd also like to think that Luton would've been informed by now if they were getting another points deduction.
Thats a good point if thats right we may only lose 5 points but surely they would have told us that by now.
We still have no clue, I would say we won't find out until we are out of administration, it will; be down to the league to set the penalty for us to come out without a CVA so as we still have no idea who is buying the club it's still too early to guess the penalty, I also think it's getting ahead of ourselves when players talk about bouncing straight back though.
Posted by: brock_and_roll, Brock on 2:32pm Thu 22 May 08
[quote][bold]GMcMahon[/bold] wrote:
[quote][bold]kevvo[/bold] wrote: [quote][bold]kudos[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: If we lose those points we are all talking about our stay in league two could very well be a brief one, my only worry would be in which direction.[/quote] Well so far there is no strong evidence to suggest either way about another points deduction. I tend to beleive Leeds lost the 15 points because there was 10 points that made no difference to their season so were carried over, plus the additional 5 as a penalty for trying to take advantage of the situation. I'd also like to think that Luton would've been informed by now if they were getting another points deduction.[/quote] Thats a good point if thats right we may only lose 5 points but surely they would have told us that by now. [/quote] We still have no clue, I would say we won't find out until we are out of administration, it will; be down to the league to set the penalty for us to come out without a CVA so as we still have no idea who is buying the club it's still too early to guess the penalty, I also think it's getting ahead of ourselves when players talk about bouncing straight back though.[/quote] Thats right. If you read the league's rules, we have not yet committed the offence i.e. the penalty will be when we ask the league to transfer thier golden share to the new company "AFCB 2008" without having first agreed a CVA.
As we well know, we have not yet got to the new owner stage!!
Luton have got further than s in that they have a new owner "Luton 2020 Ltd" but they are still wating to hear from the league with regards to any points deduction - their lawyers argue that their case is special, but from my analysis of the League's rules seems pretty clear - as Leeds found out.
GMcMahon wrote:
kevvo wrote: kudos wrote: GMcMahon wrote: If we lose those points we are all talking about our stay in league two could very well be a brief one, my only worry would be in which direction.
Well so far there is no strong evidence to suggest either way about another points deduction. I tend to beleive Leeds lost the 15 points because there was 10 points that made no difference to their season so were carried over, plus the additional 5 as a penalty for trying to take advantage of the situation. I'd also like to think that Luton would've been informed by now if they were getting another points deduction.
Thats a good point if thats right we may only lose 5 points but surely they would have told us that by now.
We still have no clue, I would say we won't find out until we are out of administration, it will; be down to the league to set the penalty for us to come out without a CVA so as we still have no idea who is buying the club it's still too early to guess the penalty, I also think it's getting ahead of ourselves when players talk about bouncing straight back though.
Thats right. If you read the league's rules, we have not yet committed the offence i.e. the penalty will be when we ask the league to transfer thier golden share to the new company "AFCB 2008" without having first agreed a CVA.
As we well know, we have not yet got to the new owner stage!!
Luton have got further than s in that they have a new owner "Luton 2020 Ltd" but they are still wating to hear from the league with regards to any points deduction - their lawyers argue that their case is special, but from my analysis of the League's rules seems pretty clear - as Leeds found out.
Posted by: daveyboy, West moors on 2:54pm Thu 22 May 08
people quote too much on here, all these boxes are very annoying
people quote too much on here, all these boxes are very annoying
Posted by: AFCB lost in Brum, Birmingham on 3:20pm Thu 22 May 08
[quote][bold]daveyboy[/bold] wrote:
people quote too much on here, all these boxes are very annoying[/quote] Can I quote you on that?
Sorry, I needed distracting from the endless depressing reading I get on here
daveyboy wrote:
people quote too much on here, all these boxes are very annoying
Can I quote you on that?
Sorry, I needed distracting from the endless depressing reading I get on here
Posted by: Huckfan, Poole on 3:49pm Thu 22 May 08
[quote][bold]AFCB lost in Brum[/bold] wrote:
[quote][bold]daveyboy[/bold] wrote: people quote too much on here, all these boxes are very annoying[/quote] Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here[/quote] Great!!! Lets start a quote chain!!!
That will occupy us untill we have some real news to talk about!!
AFCB lost in Brum wrote:
daveyboy wrote: people quote too much on here, all these boxes are very annoying
Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here
Great!!! Lets start a quote chain!!!
That will occupy us untill we have some real news to talk about!!
Posted by: garthyboy, Swanage. on 6:45pm Thu 22 May 08
The water is very murky regarding the football league or more importantly what they are going to do regarding a possible points deduction.
I don't confess to be an expert but after doing some digging around this is my understanding of the situation.
Leeds United:
Leeds were deducted an intial 10 points for entering admin in May 2007, those points were deducted from there total for season 06-07.
Although it seemed by many that Leeds had twisted the rules by entering admin once they knew they were relegated [bold]IN[/bold] [bold]NO WAY DID THIS HAVE ANYTHING TO DO WITH THE 15 POINT DEDUCTION THEY INCURRED FOR SEASON 07-08.[/bold]
The Football League's insolvency policy requires a CVA to protect football creditors and unsecured creditors. This requirement, however is not absolute because of the inclusion of the 'Exceptional Circumstances' clause which enables the league to be flexible in its cosideration.
The administrator at Leeds agreed to sell the entire issued share capital of the existing company (or OldCo) to a new company (or NewCo) which was led by Ken Bates, the chairman at the time of entering into adminsistration. A CVA was proposed by the NewCo. Almost a carbon copy of what JM+SS are trying to do at AFCB
The CVA was originally approved by creditors under the required majority vote. However, a subsequent challenge by HMRC was mounted, based on the question of share ownership and thus the alleged legitimacy of the voting process. Where as at AFCB the CVA failed because the majority vote failed, at Leeds it failed because of HMRC'S legal threat.
The administrators then declared that the legal processes involved in addressing the HMRC challenge would take such a time as to almost certainly ensure that the club would be liquidated in the meantime. They therefore closed the CVA process and sold the club to the Ken Bates NewCo.
Under new rules any newly formed member like Leeds07 (or whatever they called themselves) must start a league lower, ie League Two in Leeds case.
Leeds07 then asked the football league if there was any avenue open to them for staying in League One.
On August 3rd 2007, Leeds07 directors reached an agreement with the FL that if they took a points deduction they couold stay in League One and that Leeds would not challenge the football League anymore over this matter. They susequently did however but that was because of the ammount of points that was deducted not the original agreement.
So to sum all that up Leeds accepted a points deduction instead of droping a division.
What all this means to AFCB:
Some would say a lot, some would say very little as the Leeds points deduction came as a result of the "exceptional circumstances" rule. As it stands we still don't know how AFCB will exit admin, although hopefully it will be a bit clearer in the next week or so. The football league are in no position to act until the ownership situation (new company or old company) is concluded.
When Leeds went to their appeal the arbitration panel made it very clear that their points deduction had come about due to the dialogue between Leeds07 and the FL, they (FL) pointed out that no precedent had been set.
So you all may think that we are in the same boat as Leeds prehaps we are as if a new company AFCB08 is started in theory we should play in the Conference next year, but as no precedent has been set, it could be a points deduction it may not. The new owners whoever they may be when GK decides enough is enough should be thinking long and hard about finding an acceptable outcome to the FL to prevent AFCB playing catch up in their quest to find a quick route back to League One.
The FL hav however in the wake of the Leeds arbitraion admitted that prehaps they need to look at ammend their policies reagrding clubs exciting admin with no CVA in place and they hoped to do this during the off season.
As is the norm at AFCB these days nothing seems to be straightfoward but I hope I have put people in the picture reagarding how Leeds got their points deduction and that nothing is certain for AFCB until they exit admin.
Sorry for the long post but I hope this dismises some of the theories about Leeds.
The water is very murky regarding the football league or more importantly what they are going to do regarding a possible points deduction.
I don't confess to be an expert but after doing some digging around this is my understanding of the situation.
Leeds United:
Leeds were deducted an intial 10 points for entering admin in May 2007, those points were deducted from there total for season 06-07.
Although it seemed by many that Leeds had twisted the rules by entering admin once they knew they were relegated
IN NO WAY DID THIS HAVE ANYTHING TO DO WITH THE 15 POINT DEDUCTION THEY INCURRED FOR SEASON 07-08.
The Football League's insolvency policy requires a CVA to protect football creditors and unsecured creditors. This requirement, however is not absolute because of the inclusion of the 'Exceptional Circumstances' clause which enables the league to be flexible in its cosideration.
The administrator at Leeds agreed to sell the entire issued share capital of the existing company (or OldCo) to a new company (or NewCo) which was led by Ken Bates, the chairman at the time of entering into adminsistration. A CVA was proposed by the NewCo. Almost a carbon copy of what JM+SS are trying to do at AFCB
The CVA was originally approved by creditors under the required majority vote. However, a subsequent challenge by HMRC was mounted, based on the question of share ownership and thus the alleged legitimacy of the voting process. Where as at AFCB the CVA failed because the majority vote failed, at Leeds it failed because of HMRC'S legal threat.
The administrators then declared that the legal processes involved in addressing the HMRC challenge would take such a time as to almost certainly ensure that the club would be liquidated in the meantime. They therefore closed the CVA process and sold the club to the Ken Bates NewCo.
Under new rules any newly formed member like Leeds07 (or whatever they called themselves) must start a league lower, ie League Two in Leeds case.
Leeds07 then asked the football league if there was any avenue open to them for staying in League One.
On August 3rd 2007, Leeds07 directors reached an agreement with the FL that if they took a points deduction they couold stay in League One and that Leeds would not challenge the football League anymore over this matter. They susequently did however but that was because of the ammount of points that was deducted not the original agreement.
So to sum all that up Leeds accepted a points deduction instead of droping a division.
What all this means to AFCB:
Some would say a lot, some would say very little as the Leeds points deduction came as a result of the "exceptional circumstances" rule. As it stands we still don't know how AFCB will exit admin, although hopefully it will be a bit clearer in the next week or so. The football league are in no position to act until the ownership situation (new company or old company) is concluded.
When Leeds went to their appeal the arbitration panel made it very clear that their points deduction had come about due to the dialogue between Leeds07 and the FL, they (FL) pointed out that no precedent had been set.
So you all may think that we are in the same boat as Leeds prehaps we are as if a new company AFCB08 is started in theory we should play in the Conference next year, but as no precedent has been set, it could be a points deduction it may not. The new owners whoever they may be when GK decides enough is enough should be thinking long and hard about finding an acceptable outcome to the FL to prevent AFCB playing catch up in their quest to find a quick route back to League One.
The FL hav however in the wake of the Leeds arbitraion admitted that prehaps they need to look at ammend their policies reagrding clubs exciting admin with no CVA in place and they hoped to do this during the off season.
As is the norm at AFCB these days nothing seems to be straightfoward but I hope I have put people in the picture reagarding how Leeds got their points deduction and that nothing is certain for AFCB until they exit admin.
Sorry for the long post but I hope this dismises some of the theories about Leeds.
Posted by: GMcMahon, Highcliffe on 6:56pm Thu 22 May 08
[quote][bold]Huckfan[/bold] wrote:
[quote][bold]AFCB lost in Brum[/bold] wrote:
[quote][bold]daveyboy[/bold] wrote: people quote too much on here, all these boxes are very annoying[/quote] Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here[/quote] Great!!! Lets start a quote chain!!!
That will occupy us untill we have some real news to talk about!![/quote] Let's all have a go, who's next? I wonder how long we can get this chain?????
Huckfan wrote:
AFCB lost in Brum wrote:
daveyboy wrote: people quote too much on here, all these boxes are very annoying
Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here
Great!!! Lets start a quote chain!!!
That will occupy us untill we have some real news to talk about!!
Let's all have a go, who's next? I wonder how long we can get this chain?????
Posted by: kevvo, The dog house again on 7:12pm Thu 22 May 08
[quote][bold]GMcMahon[/bold] wrote:
[quote][bold]Huckfan[/bold] wrote: [quote][bold]AFCB lost in Brum[/bold] wrote: [quote][bold]daveyboy[/bold] wrote: people quote too much on here, all these boxes are very annoying[/quote] Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here[/quote] Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!![/quote] Let's all have a go, who's next? I wonder how long we can get this chain?????[/quote] Oh go on then it would be rude not to
GMcMahon wrote:
Huckfan wrote: AFCB lost in Brum wrote: daveyboy wrote: people quote too much on here, all these boxes are very annoying
Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here
Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!!
Let's all have a go, who's next? I wonder how long we can get this chain?????
Oh go on then it would be rude not to
Posted by: tomclarky, Bournemouth on 8:08pm Thu 22 May 08
[quote][bold]kevvo[/bold] wrote:
[quote][bold]GMcMahon[/bold] wrote: [quote][bold]Huckfan[/bold] wrote: [quote][bold]AFCB lost in Brum[/bold] wrote: [quote][bold]daveyboy[/bold] wrote: people quote too much on here, all these boxes are very annoying[/quote] Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here[/quote] Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!![/quote] Let's all have a go, who's next? I wonder how long we can get this chain?????[/quote] Oh go on then it would be rude not to[/quote] yeh why not
kevvo wrote:
GMcMahon wrote: Huckfan wrote: AFCB lost in Brum wrote: daveyboy wrote: people quote too much on here, all these boxes are very annoying
Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here
Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!!
Let's all have a go, who's next? I wonder how long we can get this chain?????
Oh go on then it would be rude not to
yeh why not
Posted by: Andy_roo on 9:50pm Thu 22 May 08
[quote][bold]tomclarky[/bold] wrote:
[quote][bold]kevvo[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]Huckfan[/bold] wrote: [quote][bold]AFCB lost in Brum[/bold] wrote: [quote][bold]daveyboy[/bold] wrote: people quote too much on here, all these boxes are very annoying[/quote] Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here[/quote] Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!![/quote] Let's all have a go, who's next? I wonder how long we can get this chain?????[/quote] Oh go on then it would be rude not to[/quote] yeh why not[/quote] dissappoited Man U Won
tomclarky wrote:
kevvo wrote: GMcMahon wrote: Huckfan wrote: AFCB lost in Brum wrote: daveyboy wrote: people quote too much on here, all these boxes are very annoying
Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here
Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!!
Let's all have a go, who's next? I wonder how long we can get this chain?????
Oh go on then it would be rude not to
yeh why not
dissappoited Man U Won
Posted by: GMcMahon, Highcliffe on 10:06pm Thu 22 May 08
For those of you who think they can manage some of us play online so please join us it's free and it's for cherries fans
http://www.xpertelev
en.com/?lid=82514
I hope we get a few more as we need 3 or 4 for the new season ahead, sorry Echo for using your site but we need to get fans together whilst we wait for news.
For those of you who think they can manage some of us play online so please join us it's free and it's for cherries fans
http://www.xpertelev
en.com/?lid=82514
I hope we get a few more as we need 3 or 4 for the new season ahead, sorry Echo for using your site but we need to get fans together whilst we wait for news.
Posted by: GMcMahon, Highcliffe on 10:08pm Thu 22 May 08
[quote][bold]Andy_roo[/bold] wrote:
[quote][bold]tomclarky[/bold] wrote:
[quote][bold]kevvo[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]Huckfan[/bold] wrote: [quote][bold]AFCB lost in Brum[/bold] wrote: [quote][bold]daveyboy[/bold] wrote: people quote too much on here, all these boxes are very annoying[/quote] Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here[/quote] Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!![/quote] Let's all have a go, who's next? I wonder how long we can get this chain?????[/quote] Oh go on then it would be rude not to[/quote] yeh why not[/quote] dissappoited Man U Won[/quote] come on join the party !!!!
Andy_roo wrote:
tomclarky wrote:
kevvo wrote: GMcMahon wrote: Huckfan wrote: AFCB lost in Brum wrote: daveyboy wrote: people quote too much on here, all these boxes are very annoying
Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here
Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!!
Let's all have a go, who's next? I wonder how long we can get this chain?????
Oh go on then it would be rude not to
yeh why not
dissappoited Man U Won
come on join the party !!!!
Posted by: swampy, poole on 11:35pm Thu 22 May 08
[quote][bold]GMcMahon[/bold] wrote:
[quote][bold]Andy_roo[/bold] wrote: [quote][bold]tomclarky[/bold] wrote: [quote][bold]kevvo[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]Huckfan[/bold] wrote: [quote][bold]AFCB lost in Brum[/bold] wrote: [quote][bold]daveyboy[/bold] wrote: people quote too much on here, all these boxes are very annoying[/quote] Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here[/quote] Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!![/quote] Let's all have a go, who's next? I wonder how long we can get this chain?????[/quote] Oh go on then it would be rude not to[/quote] yeh why not[/quote] dissappoited Man U Won[/quote] come on join the party !!!![/quote] glad Manc united won
GMcMahon wrote:
Andy_roo wrote: tomclarky wrote: kevvo wrote: GMcMahon wrote: Huckfan wrote: AFCB lost in Brum wrote: daveyboy wrote: people quote too much on here, all these boxes are very annoying
Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here
Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!!
Let's all have a go, who's next? I wonder how long we can get this chain?????
Oh go on then it would be rude not to
yeh why not
dissappoited Man U Won
come on join the party !!!!
glad Manc united won
Posted by: GMcMahon, Highcliffe on 7:58am Fri 23 May 08
[quote][bold]swampy[/bold] wrote:
[quote][bold]GMcMahon[/bold] wrote:
[quote][bold]Andy_roo[/bold] wrote: [quote][bold]tomclarky[/bold] wrote: [quote][bold]kevvo[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]Huckfan[/bold] wrote: [quote][bold]AFCB lost in Brum[/bold] wrote: [quote][bold]daveyboy[/bold] wrote: people quote too much on here, all these boxes are very annoying[/quote] Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here[/quote] Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!![/quote] Let's all have a go, who's next? I wonder how long we can get this chain?????[/quote] Oh go on then it would be rude not to[/quote] yeh why not[/quote] dissappoited Man U Won[/quote] come on join the party !!!![/quote] glad Manc united won[/quote] And the dream goes on!!!
swampy wrote:
GMcMahon wrote:
Andy_roo wrote: tomclarky wrote: kevvo wrote: GMcMahon wrote: Huckfan wrote: AFCB lost in Brum wrote: daveyboy wrote: people quote too much on here, all these boxes are very annoying
Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here
Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!!
Let's all have a go, who's next? I wonder how long we can get this chain?????
Oh go on then it would be rude not to
yeh why not
dissappoited Man U Won
come on join the party !!!!
glad Manc united won
And the dream goes on!!!
Posted by: kevvo, The dog house again on 9:18am Fri 23 May 08
[quote][bold]GMcMahon[/bold] wrote:
[quote][bold]swampy[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]Andy_roo[/bold] wrote: [quote][bold]tomclarky[/bold] wrote: [quote][bold]kevvo[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]Huckfan[/bold] wrote: [quote][bold]AFCB lost in Brum[/bold] wrote: [quote][bold]daveyboy[/bold] wrote: people quote too much on here, all these boxes are very annoying[/quote] Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here[/quote] Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!![/quote] Let's all have a go, who's next? I wonder how long we can get this chain?????[/quote] Oh go on then it would be rude not to[/quote] yeh why not[/quote] dissappoited Man U Won[/quote] come on join the party !!!![/quote] glad Manc united won[/quote] And the dream goes on!!![/quote] Is it not Friday and Krassner or Mostyn said we would have News by the end of the week
GMcMahon wrote:
swampy wrote: GMcMahon wrote: Andy_roo wrote: tomclarky wrote: kevvo wrote: GMcMahon wrote: Huckfan wrote: AFCB lost in Brum wrote: daveyboy wrote: people quote too much on here, all these boxes are very annoying
Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here
Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!!
Let's all have a go, who's next? I wonder how long we can get this chain?????
Oh go on then it would be rude not to
yeh why not
dissappoited Man U Won
come on join the party !!!!
glad Manc united won
And the dream goes on!!!
Is it not Friday and Krassner or Mostyn said we would have News by the end of the week
Posted by: kevvo, The dog house again on 9:23am Fri 23 May 08
Just wanted to see if I need to buy a bigger screen by putting this comment on
GARTHY BOY MADE A GOOD COMMENT :
The water is very murky regarding the football league or more importantly what they are going to do regarding a possible points deduction.
I don't confess to be an expert but after doing some digging around this is my understanding of the situation.
Leeds United:
Leeds were deducted an intial 10 points for entering admin in May 2007, those points were deducted from there total for season 06-07.
Although it seemed by many that Leeds had twisted the rules by entering admin once they knew they were relegated IN NO WAY DID THIS HAVE ANYTHING TO DO WITH THE 15 POINT DEDUCTION THEY INCURRED FOR SEASON 07-08.
The Football League's insolvency policy requires a CVA to protect football creditors and unsecured creditors. This requirement, however is not absolute because of the inclusion of the 'Exceptional Circumstances' clause which enables the league to be flexible in its cosideration.
The administrator at Leeds agreed to sell the entire issued share capital of the existing company (or OldCo) to a new company (or NewCo) which was led by Ken Bates, the chairman at the time of entering into adminsistration. A CVA was proposed by the NewCo. Almost a carbon copy of what JM+SS are trying to do at AFCB
The CVA was originally approved by creditors under the required majority vote. However, a subsequent challenge by HMRC was mounted, based on the question of share ownership and thus the alleged legitimacy of the voting process. Where as at AFCB the CVA failed because the majority vote failed, at Leeds it failed because of HMRC'S legal threat.
The administrators then declared that the legal processes involved in addressing the HMRC challenge would take such a time as to almost certainly ensure that the club would be liquidated in the meantime. They therefore closed the CVA process and sold the club to the Ken Bates NewCo.
Under new rules any newly formed member like Leeds07 (or whatever they called themselves) must start a league lower, ie League Two in Leeds case.
Leeds07 then asked the football league if there was any avenue open to them for staying in League One.
On August 3rd 2007, Leeds07 directors reached an agreement with the FL that if they took a points deduction they couold stay in League One and that Leeds would not challenge the football League anymore over this matter. They susequently did however but that was because of the ammount of points that was deducted not the original agreement.
So to sum all that up Leeds accepted a points deduction instead of droping a division.
What all this means to AFCB:
Some would say a lot, some would say very little as the Leeds points deduction came as a result of the "exceptional circumstances" rule. As it stands we still don't know how AFCB will exit admin, although hopefully it will be a bit clearer in the next week or so. The football league are in no position to act until the ownership situation (new company or old company) is concluded.
When Leeds went to their appeal the arbitration panel made it very clear that their points deduction had come about due to the dialogue between Leeds07 and the FL, they (FL) pointed out that no precedent had been set.
So you all may think that we are in the same boat as Leeds prehaps we are as if a new company AFCB08 is started in theory we should play in the Conference next year, but as no precedent has been set, it could be a points deduction it may not. The new owners whoever they may be when GK decides enough is enough should be thinking long and hard about finding an acceptable outcome to the FL to prevent AFCB playing catch up in their quest to find a quick route back to League One.
The FL hav however in the wake of the Leeds arbitraion admitted that prehaps they need to look at ammend their policies reagrding clubs exciting admin with no CVA in place and they hoped to do this during the off season.
As is the norm at AFCB these days nothing seems to be straightfoward but I hope I have put people in the picture reagarding how Leeds got their points deduction and that nothing is certain for AFCB until they exit admin.
Sorry for the long post but I hope this dismises some of the theories about Leeds.
Just wanted to see if I need to buy a bigger screen by putting this comment on
GARTHY BOY MADE A GOOD COMMENT :
The water is very murky regarding the football league or more importantly what they are going to do regarding a possible points deduction.
I don't confess to be an expert but after doing some digging around this is my understanding of the situation.
Leeds United:
Leeds were deducted an intial 10 points for entering admin in May 2007, those points were deducted from there total for season 06-07.
Although it seemed by many that Leeds had twisted the rules by entering admin once they knew they were relegated IN NO WAY DID THIS HAVE ANYTHING TO DO WITH THE 15 POINT DEDUCTION THEY INCURRED FOR SEASON 07-08.
The Football League's insolvency policy requires a CVA to protect football creditors and unsecured creditors. This requirement, however is not absolute because of the inclusion of the 'Exceptional Circumstances' clause which enables the league to be flexible in its cosideration.
The administrator at Leeds agreed to sell the entire issued share capital of the existing company (or OldCo) to a new company (or NewCo) which was led by Ken Bates, the chairman at the time of entering into adminsistration. A CVA was proposed by the NewCo. Almost a carbon copy of what JM+SS are trying to do at AFCB
The CVA was originally approved by creditors under the required majority vote. However, a subsequent challenge by HMRC was mounted, based on the question of share ownership and thus the alleged legitimacy of the voting process. Where as at AFCB the CVA failed because the majority vote failed, at Leeds it failed because of HMRC'S legal threat.
The administrators then declared that the legal processes involved in addressing the HMRC challenge would take such a time as to almost certainly ensure that the club would be liquidated in the meantime. They therefore closed the CVA process and sold the club to the Ken Bates NewCo.
Under new rules any newly formed member like Leeds07 (or whatever they called themselves) must start a league lower, ie League Two in Leeds case.
Leeds07 then asked the football league if there was any avenue open to them for staying in League One.
On August 3rd 2007, Leeds07 directors reached an agreement with the FL that if they took a points deduction they couold stay in League One and that Leeds would not challenge the football League anymore over this matter. They susequently did however but that was because of the ammount of points that was deducted not the original agreement.
So to sum all that up Leeds accepted a points deduction instead of droping a division.
What all this means to AFCB:
Some would say a lot, some would say very little as the Leeds points deduction came as a result of the "exceptional circumstances" rule. As it stands we still don't know how AFCB will exit admin, although hopefully it will be a bit clearer in the next week or so. The football league are in no position to act until the ownership situation (new company or old company) is concluded.
When Leeds went to their appeal the arbitration panel made it very clear that their points deduction had come about due to the dialogue between Leeds07 and the FL, they (FL) pointed out that no precedent had been set.
So you all may think that we are in the same boat as Leeds prehaps we are as if a new company AFCB08 is started in theory we should play in the Conference next year, but as no precedent has been set, it could be a points deduction it may not. The new owners whoever they may be when GK decides enough is enough should be thinking long and hard about finding an acceptable outcome to the FL to prevent AFCB playing catch up in their quest to find a quick route back to League One.
The FL hav however in the wake of the Leeds arbitraion admitted that prehaps they need to look at ammend their policies reagrding clubs exciting admin with no CVA in place and they hoped to do this during the off season.
As is the norm at AFCB these days nothing seems to be straightfoward but I hope I have put people in the picture reagarding how Leeds got their points deduction and that nothing is certain for AFCB until they exit admin.
Sorry for the long post but I hope this dismises some of the theories about Leeds.
Posted by: kevvo, The dog house again on 9:25am Fri 23 May 08
[quote][bold]kevvo[/bold] wrote:
[quote][bold]GMcMahon[/bold] wrote: [quote][bold]swampy[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]Andy_roo[/bold] wrote: [quote][bold]tomclarky[/bold] wrote: [quote][bold]kevvo[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]Huckfan[/bold] wrote: [quote][bold]AFCB lost in Brum[/bold] wrote: [quote][bold]daveyboy[/bold] wrote: people quote too much on here, all these boxes are very annoying[/quote] Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here[/quote] Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!![/quote] Let's all have a go, who's next? I wonder how long we can get this chain?????[/quote] Oh go on then it would be rude not to[/quote] yeh why not[/quote] dissappoited Man U Won[/quote] come on join the party !!!![/quote] glad Manc united won[/quote] And the dream goes on!!![/quote] Is it not Friday and Krassner or Mostyn said we would have News by the end of the week [/quote] Just wanted to see if I need to buy a bigger screen by putting this comment on
GARTHY BOY MADE A GOOD COMMENT :
The water is very murky regarding the football league or more importantly what they are going to do regarding a possible points deduction.
I don't confess to be an expert but after doing some digging around this is my understanding of the situation.
Leeds United:
Leeds were deducted an intial 10 points for entering admin in May 2007, those points were deducted from there total for season 06-07.
Although it seemed by many that Leeds had twisted the rules by entering admin once they knew they were relegated IN NO WAY DID THIS HAVE ANYTHING TO DO WITH THE 15 POINT DEDUCTION THEY INCURRED FOR SEASON 07-08.
The Football League's insolvency policy requires a CVA to protect football creditors and unsecured creditors. This requirement, however is not absolute because of the inclusion of the 'Exceptional Circumstances' clause which enables the league to be flexible in its cosideration.
The administrator at Leeds agreed to sell the entire issued share capital of the existing company (or OldCo) to a new company (or NewCo) which was led by Ken Bates, the chairman at the time of entering into adminsistration. A CVA was proposed by the NewCo. Almost a carbon copy of what JM+SS are trying to do at AFCB
The CVA was originally approved by creditors under the required majority vote. However, a subsequent challenge by HMRC was mounted, based on the question of share ownership and thus the alleged legitimacy of the voting process. Where as at AFCB the CVA failed because the majority vote failed, at Leeds it failed because of HMRC'S legal threat.
The administrators then declared that the legal processes involved in addressing the HMRC challenge would take such a time as to almost certainly ensure that the club would be liquidated in the meantime. They therefore closed the CVA process and sold the club to the Ken Bates NewCo.
Under new rules any newly formed member like Leeds07 (or whatever they called themselves) must start a league lower, ie League Two in Leeds case.
Leeds07 then asked the football league if there was any avenue open to them for staying in League One.
On August 3rd 2007, Leeds07 directors reached an agreement with the FL that if they took a points deduction they couold stay in League One and that Leeds would not challenge the football League anymore over this matter. They susequently did however but that was because of the ammount of points that was deducted not the original agreement.
So to sum all that up Leeds accepted a points deduction instead of droping a division.
What all this means to AFCB:
Some would say a lot, some would say very little as the Leeds points deduction came as a result of the "exceptional circumstances" rule. As it stands we still don't know how AFCB will exit admin, although hopefully it will be a bit clearer in the next week or so. The football league are in no position to act until the ownership situation (new company or old company) is concluded.
When Leeds went to their appeal the arbitration panel made it very clear that their points deduction had come about due to the dialogue between Leeds07 and the FL, they (FL) pointed out that no precedent had been set.
So you all may think that we are in the same boat as Leeds prehaps we are as if a new company AFCB08 is started in theory we should play in the Conference next year, but as no precedent has been set, it could be a points deduction it may not. The new owners whoever they may be when GK decides enough is enough should be thinking long and hard about finding an acceptable outcome to the FL to prevent AFCB playing catch up in their quest to find a quick route back to League One.
The FL hav however in the wake of the Leeds arbitraion admitted that prehaps they need to look at ammend their policies reagrding clubs exciting admin with no CVA in place and they hoped to do this during the off season.
As is the norm at AFCB these days nothing seems to be straightfoward but I hope I have put people in the picture reagarding how Leeds got their points deduction and that nothing is certain for AFCB until they exit admin.
Sorry for the long post but I hope this dismises some of the theories about Leeds.
kevvo wrote:
GMcMahon wrote: swampy wrote: GMcMahon wrote: Andy_roo wrote: tomclarky wrote: kevvo wrote: GMcMahon wrote: Huckfan wrote: AFCB lost in Brum wrote: daveyboy wrote: people quote too much on here, all these boxes are very annoying
Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here
Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!!
Let's all have a go, who's next? I wonder how long we can get this chain?????
Oh go on then it would be rude not to
yeh why not
dissappoited Man U Won
come on join the party !!!!
glad Manc united won
And the dream goes on!!!
Is it not Friday and Krassner or Mostyn said we would have News by the end of the week
Just wanted to see if I need to buy a bigger screen by putting this comment on
GARTHY BOY MADE A GOOD COMMENT :
The water is very murky regarding the football league or more importantly what they are going to do regarding a possible points deduction.
I don't confess to be an expert but after doing some digging around this is my understanding of the situation.
Leeds United:
Leeds were deducted an intial 10 points for entering admin in May 2007, those points were deducted from there total for season 06-07.
Although it seemed by many that Leeds had twisted the rules by entering admin once they knew they were relegated IN NO WAY DID THIS HAVE ANYTHING TO DO WITH THE 15 POINT DEDUCTION THEY INCURRED FOR SEASON 07-08.
The Football League's insolvency policy requires a CVA to protect football creditors and unsecured creditors. This requirement, however is not absolute because of the inclusion of the 'Exceptional Circumstances' clause which enables the league to be flexible in its cosideration.
The administrator at Leeds agreed to sell the entire issued share capital of the existing company (or OldCo) to a new company (or NewCo) which was led by Ken Bates, the chairman at the time of entering into adminsistration. A CVA was proposed by the NewCo. Almost a carbon copy of what JM+SS are trying to do at AFCB
The CVA was originally approved by creditors under the required majority vote. However, a subsequent challenge by HMRC was mounted, based on the question of share ownership and thus the alleged legitimacy of the voting process. Where as at AFCB the CVA failed because the majority vote failed, at Leeds it failed because of HMRC'S legal threat.
The administrators then declared that the legal processes involved in addressing the HMRC challenge would take such a time as to almost certainly ensure that the club would be liquidated in the meantime. They therefore closed the CVA process and sold the club to the Ken Bates NewCo.
Under new rules any newly formed member like Leeds07 (or whatever they called themselves) must start a league lower, ie League Two in Leeds case.
Leeds07 then asked the football league if there was any avenue open to them for staying in League One.
On August 3rd 2007, Leeds07 directors reached an agreement with the FL that if they took a points deduction they couold stay in League One and that Leeds would not challenge the football League anymore over this matter. They susequently did however but that was because of the ammount of points that was deducted not the original agreement.
So to sum all that up Leeds accepted a points deduction instead of droping a division.
What all this means to AFCB:
Some would say a lot, some would say very little as the Leeds points deduction came as a result of the "exceptional circumstances" rule. As it stands we still don't know how AFCB will exit admin, although hopefully it will be a bit clearer in the next week or so. The football league are in no position to act until the ownership situation (new company or old company) is concluded.
When Leeds went to their appeal the arbitration panel made it very clear that their points deduction had come about due to the dialogue between Leeds07 and the FL, they (FL) pointed out that no precedent had been set.
So you all may think that we are in the same boat as Leeds prehaps we are as if a new company AFCB08 is started in theory we should play in the Conference next year, but as no precedent has been set, it could be a points deduction it may not. The new owners whoever they may be when GK decides enough is enough should be thinking long and hard about finding an acceptable outcome to the FL to prevent AFCB playing catch up in their quest to find a quick route back to League One.
The FL hav however in the wake of the Leeds arbitraion admitted that prehaps they need to look at ammend their policies reagrding clubs exciting admin with no CVA in place and they hoped to do this during the off season.
As is the norm at AFCB these days nothing seems to be straightfoward but I hope I have put people in the picture reagarding how Leeds got their points deduction and that nothing is certain for AFCB until they exit admin.
Sorry for the long post but I hope this dismises some of the theories about Leeds.
Posted by: kevvo, The dog house again on 9:26am Fri 23 May 08
[quote][bold]kevvo[/bold] wrote:
[quote][bold]kevvo[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]swampy[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]Andy_roo[/bold] wrote: [quote][bold]tomclarky[/bold] wrote: [quote][bold]kevvo[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]Huckfan[/bold] wrote: [quote][bold]AFCB lost in Brum[/bold] wrote: [quote][bold]daveyboy[/bold] wrote: people quote too much on here, all these boxes are very annoying[/quote] Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here[/quote] Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!![/quote] Let's all have a go, who's next? I wonder how long we can get this chain?????[/quote] Oh go on then it would be rude not to[/quote] yeh why not[/quote] dissappoited Man U Won[/quote] come on join the party !!!![/quote] glad Manc united won[/quote] And the dream goes on!!![/quote] Is it not Friday and Krassner or Mostyn said we would have News by the end of the week [/quote] Just wanted to see if I need to buy a bigger screen by putting this comment on GARTHY BOY MADE A GOOD COMMENT : The water is very murky regarding the football league or more importantly what they are going to do regarding a possible points deduction. I don't confess to be an expert but after doing some digging around this is my understanding of the situation. Leeds United: Leeds were deducted an intial 10 points for entering admin in May 2007, those points were deducted from there total for season 06-07. Although it seemed by many that Leeds had twisted the rules by entering admin once they knew they were relegated IN NO WAY DID THIS HAVE ANYTHING TO DO WITH THE 15 POINT DEDUCTION THEY INCURRED FOR SEASON 07-08. The Football League's insolvency policy requires a CVA to protect football creditors and unsecured creditors. This requirement, however is not absolute because of the inclusion of the 'Exceptional Circumstances' clause which enables the league to be flexible in its cosideration. The administrator at Leeds agreed to sell the entire issued share capital of the existing company (or OldCo) to a new company (or NewCo) which was led by Ken Bates, the chairman at the time of entering into adminsistration. A CVA was proposed by the NewCo. Almost a carbon copy of what JM+SS are trying to do at AFCB The CVA was originally approved by creditors under the required majority vote. However, a subsequent challenge by HMRC was mounted, based on the question of share ownership and thus the alleged legitimacy of the voting process. Where as at AFCB the CVA failed because the majority vote failed, at Leeds it failed because of HMRC'S legal threat. The administrators then declared that the legal processes involved in addressing the HMRC challenge would take such a time as to almost certainly ensure that the club would be liquidated in the meantime. They therefore closed the CVA process and sold the club to the Ken Bates NewCo. Under new rules any newly formed member like Leeds07 (or whatever they called themselves) must start a league lower, ie League Two in Leeds case. Leeds07 then asked the football league if there was any avenue open to them for staying in League One. On August 3rd 2007, Leeds07 directors reached an agreement with the FL that if they took a points deduction they couold stay in League One and that Leeds would not challenge the football League anymore over this matter. They susequently did however but that was because of the ammount of points that was deducted not the original agreement. So to sum all that up Leeds accepted a points deduction instead of droping a division. What all this means to AFCB: Some would say a lot, some would say very little as the Leeds points deduction came as a result of the "exceptional circumstances" rule. As it stands we still don't know how AFCB will exit admin, although hopefully it will be a bit clearer in the next week or so. The football league are in no position to act until the ownership situation (new company or old company) is concluded. When Leeds went to their appeal the arbitration panel made it very clear that their points deduction had come about due to the dialogue between Leeds07 and the FL, they (FL) pointed out that no precedent had been set. So you all may think that we are in the same boat as Leeds prehaps we are as if a new company AFCB08 is started in theory we should play in the Conference next year, but as no precedent has been set, it could be a points deduction it may not. The new owners whoever they may be when GK decides enough is enough should be thinking long and hard about finding an acceptable outcome to the FL to prevent AFCB playing catch up in their quest to find a quick route back to League One. The FL hav however in the wake of the Leeds arbitraion admitted that prehaps they need to look at ammend their policies reagrding clubs exciting admin with no CVA in place and they hoped to do this during the off season. As is the norm at AFCB these days nothing seems to be straightfoward but I hope I have put people in the picture reagarding how Leeds got their points deduction and that nothing is certain for AFCB until they exit admin. Sorry for the long post but I hope this dismises some of the theories about Leeds. [/quote] No still ok
kevvo wrote:
kevvo wrote: GMcMahon wrote: swampy wrote: GMcMahon wrote: Andy_roo wrote: tomclarky wrote: kevvo wrote: GMcMahon wrote: Huckfan wrote: AFCB lost in Brum wrote: daveyboy wrote: people quote too much on here, all these boxes are very annoying
Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here
Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!!
Let's all have a go, who's next? I wonder how long we can get this chain?????
Oh go on then it would be rude not to
yeh why not
dissappoited Man U Won
come on join the party !!!!
glad Manc united won
And the dream goes on!!!
Is it not Friday and Krassner or Mostyn said we would have News by the end of the week
Just wanted to see if I need to buy a bigger screen by putting this comment on GARTHY BOY MADE A GOOD COMMENT : The water is very murky regarding the football league or more importantly what they are going to do regarding a possible points deduction. I don't confess to be an expert but after doing some digging around this is my understanding of the situation. Leeds United: Leeds were deducted an intial 10 points for entering admin in May 2007, those points were deducted from there total for season 06-07. Although it seemed by many that Leeds had twisted the rules by entering admin once they knew they were relegated IN NO WAY DID THIS HAVE ANYTHING TO DO WITH THE 15 POINT DEDUCTION THEY INCURRED FOR SEASON 07-08. The Football League's insolvency policy requires a CVA to protect football creditors and unsecured creditors. This requirement, however is not absolute because of the inclusion of the 'Exceptional Circumstances' clause which enables the league to be flexible in its cosideration. The administrator at Leeds agreed to sell the entire issued share capital of the existing company (or OldCo) to a new company (or NewCo) which was led by Ken Bates, the chairman at the time of entering into adminsistration. A CVA was proposed by the NewCo. Almost a carbon copy of what JM+SS are trying to do at AFCB The CVA was originally approved by creditors under the required majority vote. However, a subsequent challenge by HMRC was mounted, based on the question of share ownership and thus the alleged legitimacy of the voting process. Where as at AFCB the CVA failed because the majority vote failed, at Leeds it failed because of HMRC'S legal threat. The administrators then declared that the legal processes involved in addressing the HMRC challenge would take such a time as to almost certainly ensure that the club would be liquidated in the meantime. They therefore closed the CVA process and sold the club to the Ken Bates NewCo. Under new rules any newly formed member like Leeds07 (or whatever they called themselves) must start a league lower, ie League Two in Leeds case. Leeds07 then asked the football league if there was any avenue open to them for staying in League One. On August 3rd 2007, Leeds07 directors reached an agreement with the FL that if they took a points deduction they couold stay in League One and that Leeds would not challenge the football League anymore over this matter. They susequently did however but that was because of the ammount of points that was deducted not the original agreement. So to sum all that up Leeds accepted a points deduction instead of droping a division. What all this means to AFCB: Some would say a lot, some would say very little as the Leeds points deduction came as a result of the "exceptional circumstances" rule. As it stands we still don't know how AFCB will exit admin, although hopefully it will be a bit clearer in the next week or so. The football league are in no position to act until the ownership situation (new company or old company) is concluded. When Leeds went to their appeal the arbitration panel made it very clear that their points deduction had come about due to the dialogue between Leeds07 and the FL, they (FL) pointed out that no precedent had been set. So you all may think that we are in the same boat as Leeds prehaps we are as if a new company AFCB08 is started in theory we should play in the Conference next year, but as no precedent has been set, it could be a points deduction it may not. The new owners whoever they may be when GK decides enough is enough should be thinking long and hard about finding an acceptable outcome to the FL to prevent AFCB playing catch up in their quest to find a quick route back to League One. The FL hav however in the wake of the Leeds arbitraion admitted that prehaps they need to look at ammend their policies reagrding clubs exciting admin with no CVA in place and they hoped to do this during the off season. As is the norm at AFCB these days nothing seems to be straightfoward but I hope I have put people in the picture reagarding how Leeds got their points deduction and that nothing is certain for AFCB until they exit admin. Sorry for the long post but I hope this dismises some of the theories about Leeds.
No still ok
Posted by: cherryfan, Horndean on 9:35am Fri 23 May 08
[quote][bold]kevvo[/bold] wrote:
[quote][bold]kevvo[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]swampy[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]Andy_roo[/bold] wrote: [quote][bold]tomclarky[/bold] wrote: [quote][bold]kevvo[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]Huckfan[/bold] wrote: [quote][bold]AFCB lost in Brum[/bold] wrote: [quote][bold]daveyboy[/bold] wrote: people quote too much on here, all these boxes are very annoying[/quote] Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here[/quote] Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!![/quote] Let's all have a go, who's next? I wonder how long we can get this chain?????[/quote] Oh go on then it would be rude not to[/quote] yeh why not[/quote] dissappoited Man U Won[/quote] come on join the party !!!![/quote] glad Manc united won[/quote] And the dream goes on!!![/quote] Is it not Friday and Krassner or Mostyn said we would have News by the end of the week [/quote] Just wanted to see if I need to buy a bigger screen by putting this comment on GARTHY BOY MADE A GOOD COMMENT : The water is very murky regarding the football league or more importantly what they are going to do regarding a possible points deduction. I don't confess to be an expert but after doing some digging around this is my understanding of the situation. Leeds United: Leeds were deducted an intial 10 points for entering admin in May 2007, those points were deducted from there total for season 06-07. Although it seemed by many that Leeds had twisted the rules by entering admin once they knew they were relegated IN NO WAY DID THIS HAVE ANYTHING TO DO WITH THE 15 POINT DEDUCTION THEY INCURRED FOR SEASON 07-08. The Football League's insolvency policy requires a CVA to protect football creditors and unsecured creditors. This requirement, however is not absolute because of the inclusion of the 'Exceptional Circumstances' clause which enables the league to be flexible in its cosideration. The administrator at Leeds agreed to sell the entire issued share capital of the existing company (or OldCo) to a new company (or NewCo) which was led by Ken Bates, the chairman at the time of entering into adminsistration. A CVA was proposed by the NewCo. Almost a carbon copy of what JM+SS are trying to do at AFCB The CVA was originally approved by creditors under the required majority vote. However, a subsequent challenge by HMRC was mounted, based on the question of share ownership and thus the alleged legitimacy of the voting process. Where as at AFCB the CVA failed because the majority vote failed, at Leeds it failed because of HMRC'S legal threat. The administrators then declared that the legal processes involved in addressing the HMRC challenge would take such a time as to almost certainly ensure that the club would be liquidated in the meantime. They therefore closed the CVA process and sold the club to the Ken Bates NewCo. Under new rules any newly formed member like Leeds07 (or whatever they called themselves) must start a league lower, ie League Two in Leeds case. Leeds07 then asked the football league if there was any avenue open to them for staying in League One. On August 3rd 2007, Leeds07 directors reached an agreement with the FL that if they took a points deduction they couold stay in League One and that Leeds would not challenge the football League anymore over this matter. They susequently did however but that was because of the ammount of points that was deducted not the original agreement. So to sum all that up Leeds accepted a points deduction instead of droping a division. What all this means to AFCB: Some would say a lot, some would say very little as the Leeds points deduction came as a result of the "exceptional circumstances" rule. As it stands we still don't know how AFCB will exit admin, although hopefully it will be a bit clearer in the next week or so. The football league are in no position to act until the ownership situation (new company or old company) is concluded. When Leeds went to their appeal the arbitration panel made it very clear that their points deduction had come about due to the dialogue between Leeds07 and the FL, they (FL) pointed out that no precedent had been set. So you all may think that we are in the same boat as Leeds prehaps we are as if a new company AFCB08 is started in theory we should play in the Conference next year, but as no precedent has been set, it could be a points deduction it may not. The new owners whoever they may be when GK decides enough is enough should be thinking long and hard about finding an acceptable outcome to the FL to prevent AFCB playing catch up in their quest to find a quick route back to League One. The FL hav however in the wake of the Leeds arbitraion admitted that prehaps they need to look at ammend their policies reagrding clubs exciting admin with no CVA in place and they hoped to do this during the off season. As is the norm at AFCB these days nothing seems to be straightfoward but I hope I have put people in the picture reagarding how Leeds got their points deduction and that nothing is certain for AFCB until they exit admin. Sorry for the long post but I hope this dismises some of the theories about Leeds. [/quote] anyone know the record for this?
kevvo wrote:
kevvo wrote: GMcMahon wrote: swampy wrote: GMcMahon wrote: Andy_roo wrote: tomclarky wrote: kevvo wrote: GMcMahon wrote: Huckfan wrote: AFCB lost in Brum wrote: daveyboy wrote: people quote too much on here, all these boxes are very annoying
Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here
Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!!
Let's all have a go, who's next? I wonder how long we can get this chain?????
Oh go on then it would be rude not to
yeh why not
dissappoited Man U Won
come on join the party !!!!
glad Manc united won
And the dream goes on!!!
Is it not Friday and Krassner or Mostyn said we would have News by the end of the week
Just wanted to see if I need to buy a bigger screen by putting this comment on GARTHY BOY MADE A GOOD COMMENT : The water is very murky regarding the football league or more importantly what they are going to do regarding a possible points deduction. I don't confess to be an expert but after doing some digging around this is my understanding of the situation. Leeds United: Leeds were deducted an intial 10 points for entering admin in May 2007, those points were deducted from there total for season 06-07. Although it seemed by many that Leeds had twisted the rules by entering admin once they knew they were relegated IN NO WAY DID THIS HAVE ANYTHING TO DO WITH THE 15 POINT DEDUCTION THEY INCURRED FOR SEASON 07-08. The Football League's insolvency policy requires a CVA to protect football creditors and unsecured creditors. This requirement, however is not absolute because of the inclusion of the 'Exceptional Circumstances' clause which enables the league to be flexible in its cosideration. The administrator at Leeds agreed to sell the entire issued share capital of the existing company (or OldCo) to a new company (or NewCo) which was led by Ken Bates, the chairman at the time of entering into adminsistration. A CVA was proposed by the NewCo. Almost a carbon copy of what JM+SS are trying to do at AFCB The CVA was originally approved by creditors under the required majority vote. However, a subsequent challenge by HMRC was mounted, based on the question of share ownership and thus the alleged legitimacy of the voting process. Where as at AFCB the CVA failed because the majority vote failed, at Leeds it failed because of HMRC'S legal threat. The administrators then declared that the legal processes involved in addressing the HMRC challenge would take such a time as to almost certainly ensure that the club would be liquidated in the meantime. They therefore closed the CVA process and sold the club to the Ken Bates NewCo. Under new rules any newly formed member like Leeds07 (or whatever they called themselves) must start a league lower, ie League Two in Leeds case. Leeds07 then asked the football league if there was any avenue open to them for staying in League One. On August 3rd 2007, Leeds07 directors reached an agreement with the FL that if they took a points deduction they couold stay in League One and that Leeds would not challenge the football League anymore over this matter. They susequently did however but that was because of the ammount of points that was deducted not the original agreement. So to sum all that up Leeds accepted a points deduction instead of droping a division. What all this means to AFCB: Some would say a lot, some would say very little as the Leeds points deduction came as a result of the "exceptional circumstances" rule. As it stands we still don't know how AFCB will exit admin, although hopefully it will be a bit clearer in the next week or so. The football league are in no position to act until the ownership situation (new company or old company) is concluded. When Leeds went to their appeal the arbitration panel made it very clear that their points deduction had come about due to the dialogue between Leeds07 and the FL, they (FL) pointed out that no precedent had been set. So you all may think that we are in the same boat as Leeds prehaps we are as if a new company AFCB08 is started in theory we should play in the Conference next year, but as no precedent has been set, it could be a points deduction it may not. The new owners whoever they may be when GK decides enough is enough should be thinking long and hard about finding an acceptable outcome to the FL to prevent AFCB playing catch up in their quest to find a quick route back to League One. The FL hav however in the wake of the Leeds arbitraion admitted that prehaps they need to look at ammend their policies reagrding clubs exciting admin with no CVA in place and they hoped to do this during the off season. As is the norm at AFCB these days nothing seems to be straightfoward but I hope I have put people in the picture reagarding how Leeds got their points deduction and that nothing is certain for AFCB until they exit admin. Sorry for the long post but I hope this dismises some of the theories about Leeds.
anyone know the record for this?
Posted by: Garyt, Daventry on 10:01am Fri 23 May 08
[quote][bold]cherryfan[/bold] wrote:
[quote][bold]kevvo[/bold] wrote: [quote][bold]kevvo[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]swampy[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]Andy_roo[/bold] wrote: [quote][bold]tomclarky[/bold] wrote: [quote][bold]kevvo[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]Huckfan[/bold] wrote: [quote][bold]AFCB lost in Brum[/bold] wrote: [quote][bold]daveyboy[/bold] wrote: people quote too much on here, all these boxes are very annoying[/quote] Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here[/quote] Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!![/quote] Let's all have a go, who's next? I wonder how long we can get this chain?????[/quote] Oh go on then it would be rude not to[/quote] yeh why not[/quote] dissappoited Man U Won[/quote] come on join the party !!!![/quote] glad Manc united won[/quote] And the dream goes on!!![/quote] Is it not Friday and Krassner or Mostyn said we would have News by the end of the week [/quote] Just wanted to see if I need to buy a bigger screen by putting this comment on GARTHY BOY MADE A GOOD COMMENT : The water is very murky regarding the football league or more importantly what they are going to do regarding a possible points deduction. I don't confess to be an expert but after doing some digging around this is my understanding of the situation. Leeds United: Leeds were deducted an intial 10 points for entering admin in May 2007, those points were deducted from there total for season 06-07. Although it seemed by many that Leeds had twisted the rules by entering admin once they knew they were relegated IN NO WAY DID THIS HAVE ANYTHING TO DO WITH THE 15 POINT DEDUCTION THEY INCURRED FOR SEASON 07-08. The Football League's insolvency policy requires a CVA to protect football creditors and unsecured creditors. This requirement, however is not absolute because of the inclusion of the 'Exceptional Circumstances' clause which enables the league to be flexible in its cosideration. The administrator at Leeds agreed to sell the entire issued share capital of the existing company (or OldCo) to a new company (or NewCo) which was led by Ken Bates, the chairman at the time of entering into adminsistration. A CVA was proposed by the NewCo. Almost a carbon copy of what JM+SS are trying to do at AFCB The CVA was originally approved by creditors under the required majority vote. However, a subsequent challenge by HMRC was mounted, based on the question of share ownership and thus the alleged legitimacy of the voting process. Where as at AFCB the CVA failed because the majority vote failed, at Leeds it failed because of HMRC'S legal threat. The administrators then declared that the legal processes involved in addressing the HMRC challenge would take such a time as to almost certainly ensure that the club would be liquidated in the meantime. They therefore closed the CVA process and sold the club to the Ken Bates NewCo. Under new rules any newly formed member like Leeds07 (or whatever they called themselves) must start a league lower, ie League Two in Leeds case. Leeds07 then asked the football league if there was any avenue open to them for staying in League One. On August 3rd 2007, Leeds07 directors reached an agreement with the FL that if they took a points deduction they couold stay in League One and that Leeds would not challenge the football League anymore over this matter. They susequently did however but that was because of the ammount of points that was deducted not the original agreement. So to sum all that up Leeds accepted a points deduction instead of droping a division. What all this means to AFCB: Some would say a lot, some would say very little as the Leeds points deduction came as a result of the "exceptional circumstances" rule. As it stands we still don't know how AFCB will exit admin, although hopefully it will be a bit clearer in the next week or so. The football league are in no position to act until the ownership situation (new company or old company) is concluded. When Leeds went to their appeal the arbitration panel made it very clear that their points deduction had come about due to the dialogue between Leeds07 and the FL, they (FL) pointed out that no precedent had been set. So you all may think that we are in the same boat as Leeds prehaps we are as if a new company AFCB08 is started in theory we should play in the Conference next year, but as no precedent has been set, it could be a points deduction it may not. The new owners whoever they may be when GK decides enough is enough should be thinking long and hard about finding an acceptable outcome to the FL to prevent AFCB playing catch up in their quest to find a quick route back to League One. The FL hav however in the wake of the Leeds arbitraion admitted that prehaps they need to look at ammend their policies reagrding clubs exciting admin with no CVA in place and they hoped to do this during the off season. As is the norm at AFCB these days nothing seems to be straightfoward but I hope I have put people in the picture reagarding how Leeds got their points deduction and that nothing is certain for AFCB until they exit admin. Sorry for the long post but I hope this dismises some of the theories about Leeds. [/quote] anyone know the record for this?[/quote] I'm in.
cherryfan wrote:
kevvo wrote: kevvo wrote: GMcMahon wrote: swampy wrote: GMcMahon wrote: Andy_roo wrote: tomclarky wrote: kevvo wrote: GMcMahon wrote: Huckfan wrote: AFCB lost in Brum wrote: daveyboy wrote: people quote too much on here, all these boxes are very annoying
Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here
Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!!
Let's all have a go, who's next? I wonder how long we can get this chain?????
Oh go on then it would be rude not to
yeh why not
dissappoited Man U Won
come on join the party !!!!
glad Manc united won
And the dream goes on!!!
Is it not Friday and Krassner or Mostyn said we would have News by the end of the week
Just wanted to see if I need to buy a bigger screen by putting this comment on GARTHY BOY MADE A GOOD COMMENT : The water is very murky regarding the football league or more importantly what they are going to do regarding a possible points deduction. I don't confess to be an expert but after doing some digging around this is my understanding of the situation. Leeds United: Leeds were deducted an intial 10 points for entering admin in May 2007, those points were deducted from there total for season 06-07. Although it seemed by many that Leeds had twisted the rules by entering admin once they knew they were relegated IN NO WAY DID THIS HAVE ANYTHING TO DO WITH THE 15 POINT DEDUCTION THEY INCURRED FOR SEASON 07-08. The Football League's insolvency policy requires a CVA to protect football creditors and unsecured creditors. This requirement, however is not absolute because of the inclusion of the 'Exceptional Circumstances' clause which enables the league to be flexible in its cosideration. The administrator at Leeds agreed to sell the entire issued share capital of the existing company (or OldCo) to a new company (or NewCo) which was led by Ken Bates, the chairman at the time of entering into adminsistration. A CVA was proposed by the NewCo. Almost a carbon copy of what JM+SS are trying to do at AFCB The CVA was originally approved by creditors under the required majority vote. However, a subsequent challenge by HMRC was mounted, based on the question of share ownership and thus the alleged legitimacy of the voting process. Where as at AFCB the CVA failed because the majority vote failed, at Leeds it failed because of HMRC'S legal threat. The administrators then declared that the legal processes involved in addressing the HMRC challenge would take such a time as to almost certainly ensure that the club would be liquidated in the meantime. They therefore closed the CVA process and sold the club to the Ken Bates NewCo. Under new rules any newly formed member like Leeds07 (or whatever they called themselves) must start a league lower, ie League Two in Leeds case. Leeds07 then asked the football league if there was any avenue open to them for staying in League One. On August 3rd 2007, Leeds07 directors reached an agreement with the FL that if they took a points deduction they couold stay in League One and that Leeds would not challenge the football League anymore over this matter. They susequently did however but that was because of the ammount of points that was deducted not the original agreement. So to sum all that up Leeds accepted a points deduction instead of droping a division. What all this means to AFCB: Some would say a lot, some would say very little as the Leeds points deduction came as a result of the "exceptional circumstances" rule. As it stands we still don't know how AFCB will exit admin, although hopefully it will be a bit clearer in the next week or so. The football league are in no position to act until the ownership situation (new company or old company) is concluded. When Leeds went to their appeal the arbitration panel made it very clear that their points deduction had come about due to the dialogue between Leeds07 and the FL, they (FL) pointed out that no precedent had been set. So you all may think that we are in the same boat as Leeds prehaps we are as if a new company AFCB08 is started in theory we should play in the Conference next year, but as no precedent has been set, it could be a points deduction it may not. The new owners whoever they may be when GK decides enough is enough should be thinking long and hard about finding an acceptable outcome to the FL to prevent AFCB playing catch up in their quest to find a quick route back to League One. The FL hav however in the wake of the Leeds arbitraion admitted that prehaps they need to look at ammend their policies reagrding clubs exciting admin with no CVA in place and they hoped to do this during the off season. As is the norm at AFCB these days nothing seems to be straightfoward but I hope I have put people in the picture reagarding how Leeds got their points deduction and that nothing is certain for AFCB until they exit admin. Sorry for the long post but I hope this dismises some of the theories about Leeds.
anyone know the record for this?
I'm in.
Posted by: GMcMahon, Highcliffe on 2:58pm Fri 23 May 08
[quote][bold]Garyt[/bold] wrote:
[quote][bold]cherryfan[/bold] wrote:
[quote][bold]kevvo[/bold] wrote: [quote][bold]kevvo[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]swampy[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]Andy_roo[/bold] wrote: [quote][bold]tomclarky[/bold] wrote: [quote][bold]kevvo[/bold] wrote: [quote][bold]GMcMahon[/bold] wrote: [quote][bold]Huckfan[/bold] wrote: [quote][bold]AFCB lost in Brum[/bold] wrote: [quote][bold]daveyboy[/bold] wrote: people quote too much on here, all these boxes are very annoying[/quote] Can I quote you on that? Sorry, I needed distracting from the endless depressing reading I get on here[/quote] Great!!! Lets start a quote chain!!! That will occupy us untill we have some real news to talk about!![/quote] Let's all have a go, who's next? I wonder how long we can get this chain?????[/quote] Oh go on then it would be rude not to[/quote] yeh why not[/quote] dissappoited Man U Won[/quote] come on join the party !!!![/quote] glad Manc united won[/quote] And the dream goes on!!![/quote] Is it not Friday and Krassner or Mostyn said we would have News by the end of the week [/quote] Just wanted to see if I need to buy a bigger screen by putting this comment on GARTHY BOY MADE A GOOD COMMENT : The water is very murky regarding the football league or more importantly what they are going to do regarding a possible points deduction. I don't confess to be an expert but after doing some digging around this is my understanding of the situation. Leeds United: Leeds were deducted an intial 10 points for entering admin in May 2007, those points were deducted from there total for season 06-07. Although it seemed by many that Leeds had twisted the rules by entering admin once they knew they were relegated IN NO WAY DID THIS HAVE ANYTHING TO DO WITH THE 15 POINT DEDUCTION THEY INCURRED FOR SEASON 07-08. The Football League's insolvency policy requires a CVA to protect football creditors and unsecured creditors. This requirement, however is not absolute because of the inclusion of the 'Exceptional Circumstances' clause which enables the league to be flexible in its cosideration. The administrator at Leeds agreed to sell the entire issued share capital of the existing company (or OldCo) to a new company (or NewCo) which was led by Ken Bates, the chairman at the time of entering into adminsistration. A CVA was proposed by the NewCo. Almost a carbon copy of what JM+SS are trying to do at AFCB The CVA was originally approved by creditors under the required majority vote. However, a subsequent challenge by HMRC was mounted, based on the question of share ownership and thus the alleged legitimacy of the voting process. Where as at AFCB the CVA failed because the majority vote failed, at Leeds it failed because of HMRC'S legal threat. The administrators then declared that the legal processes involved in addressing the HMRC challenge would take such a time as to almost certainly ensure that the club would be liquidated in the meantime. They therefore closed the CVA process and sold the club to the Ken Bates NewCo. Under new rules any newly formed member like Leeds07 (or whatever they called themselves) must start a league lower, ie League Two in Leeds case. Leeds07 then asked the football league if there was any avenue open to them for staying in League One. On August 3rd 2007, Leeds07 directors reached an agreement with the FL that if they took a points deduction they couold stay in League One and that Leeds would not challenge the football League anymore over this matter. They susequently did however but that was because of the ammount of points that was deducted not the original agreement. So to sum all that up Leeds accepted a points deduction instead of droping a division. What all this means to AFCB: Some would say a lot, some would say very little as the Leeds points deduction came as a result of the "exceptional circumstances" rule. As it stands we still don't know how AFCB will exit admin, although hopefully it will be a bit clearer in the next week or so. The football league are in no position to act until the ownership situation (new company or old company) is concluded. When Leeds went to their appeal the arbitration panel made it very clear that their points deduction had come about due to the dialogue between Leeds07 and the FL, they (FL) pointed out that no precedent had been set. So you all may think that we are in the same boat as Leeds prehaps we are as if a new company AFCB08 is started in theory we should play in the Conference next year, but as no precedent has been set, it could be a points deduction it may not. The new owners whoever they may be when GK decides enough is enough should be thinking long and hard about finding an acceptable outcome to the FL to prevent AFCB playing catch up in their quest to find a quick route back to League One. The FL hav however in the wake of the Leeds arbitraion admitted that prehaps they need to look at ammend their policies reagrding clubs exciting admin with no CVA in place and they hoped to do this during the off season. As is the norm at AFCB these days nothing seems to be straightfoward but I hope I have put people in the picture reagarding how Leeds got their points deduction and that noth
