Park Life 71 Posted June 16, 2009 Author Share Posted June 16, 2009 Wouldn't you be a happier soul if you didn't spend your time looking for monsters in the closet? I am the monster. Link to comment Share on other sites More sharing options...
Phil 6 Posted June 16, 2009 Share Posted June 16, 2009 (edited) Wouldn't you be a happier soul if you didn't spend your time looking for monsters in the closet? Found one..... Edited June 16, 2009 by Phil Link to comment Share on other sites More sharing options...
The Fish 11068 Posted June 16, 2009 Share Posted June 16, 2009 like he could fit in a closet. Link to comment Share on other sites More sharing options...
ewerk 31586 Posted June 16, 2009 Share Posted June 16, 2009 like he could fit in a closet. Well if you chopped him up into little pieces... Link to comment Share on other sites More sharing options...
The Fish 11068 Posted June 16, 2009 Share Posted June 16, 2009 ... where's that Snatch clip? Link to comment Share on other sites More sharing options...
Tom 14021 Posted June 16, 2009 Share Posted June 16, 2009 Gimme the faaakkin shooter! Link to comment Share on other sites More sharing options...
ImpossiblyDaft 1 Posted June 18, 2009 Share Posted June 18, 2009 Totally agree there'll be money owed in weird places and for surprising amounts. But Leeds were in league two and faced bankruptcy before their creditors agreed to the CVA. Ashley is our main creditor, so I doubt there's a judge in the land (if there not already legislation in place) that would sanction it. You mean they'll just say MA has to pay up? It's not always so straight forward, again in the Darlington FC case the main creditor was the Chairman/Owner who still owned the land (and would have even if the club itself had been liquidated), in the end he bought it (the club) back but with some debts wiped off IFRC. Which is what is worrying, it's not always a case of "forced" into administration, it can be a viable business strategy in certain circumstances. Vis a vie Bates at Leeds and the tricks of Leicester City. If you want 'tricks' you want Sheepshanks at Ipswich - wiped £20m off their debt via administration, bought the club back himself, then brought in the 10pts immediately after and were around the playoffs that season. Leicester City were near bankrupt thanks to inept planning, rather than trying on 'tricks': After administration the club was bought by a consortium of Pukka Pies, Gary Lineker and Emile Heskey and couldn't even afford any transfer fees after going up - the only reason the club is still going is that Muzzy Izzet turned down a move to Boro, really - the £4m or whatever it was would have kept administration away for another couple of months, but without that promotion (by 12pts!) things wouldn't have looked good. The 10% to the taxman thing is simply because that was what anyone got back out of it, much the same as others. Wasn't a case of going into it intentionally to make things easier like Leeds and Ipswich but just a huge, huge cock up by all manner of idiots; and unfortunately when anyone can't repay debts someone is going to have to cut their losses, either by administration or a winding up - and the first made more money than the second would have, luckily. Link to comment Share on other sites More sharing options...
Park Life 71 Posted June 19, 2009 Author Share Posted June 19, 2009 Totally agree there'll be money owed in weird places and for surprising amounts. But Leeds were in league two and faced bankruptcy before their creditors agreed to the CVA. Ashley is our main creditor, so I doubt there's a judge in the land (if there not already legislation in place) that would sanction it. You mean they'll just say MA has to pay up? It's not always so straight forward, again in the Darlington FC case the main creditor was the Chairman/Owner who still owned the land (and would have even if the club itself had been liquidated), in the end he bought it (the club) back but with some debts wiped off IFRC. Which is what is worrying, it's not always a case of "forced" into administration, it can be a viable business strategy in certain circumstances. Vis a vie Bates at Leeds and the tricks of Leicester City. If you want 'tricks' you want Sheepshanks at Ipswich - wiped £20m off their debt via administration, bought the club back himself, then brought in the 10pts immediately after and were around the playoffs that season. Leicester City were near bankrupt thanks to inept planning, rather than trying on 'tricks': After administration the club was bought by a consortium of Pukka Pies, Gary Lineker and Emile Heskey and couldn't even afford any transfer fees after going up - the only reason the club is still going is that Muzzy Izzet turned down a move to Boro, really - the £4m or whatever it was would have kept administration away for another couple of months, but without that promotion (by 12pts!) things wouldn't have looked good. The 10% to the taxman thing is simply because that was what anyone got back out of it, much the same as others. Wasn't a case of going into it intentionally to make things easier like Leeds and Ipswich but just a huge, huge cock up by all manner of idiots; and unfortunately when anyone can't repay debts someone is going to have to cut their losses, either by administration or a winding up - and the first made more money than the second would have, luckily. Ha ha... Leicester City commissioned a new stadium and then tried not to pay most of the money to the building firm. Link to comment Share on other sites More sharing options...
ImpossiblyDaft 1 Posted June 19, 2009 Share Posted June 19, 2009 (edited) You mean the stadium that was completed before the club was forced into administration by the courts as protection against a winding up order from Eric Hall (& Dennis Wise's ridiculous court case) then? Terrible contingency planning, yes, and the construction company lost some money on that (they got the 10% all regular creditors were offered), but the bank took over the ground and there was still £16m left to be repaid against that when Mandaric took over iirc (bearing in mind that's half of the money there), which is better than the likes of Ipswich who took on debt to buy players, went down, wiped out the debt but kept the same people in charge and just missed out on their promotion challenge, and then promptly organised the -10pts. If Saints go back up next season will you have the same reaction? It basically boils down to coming under two categories - Cock up or scam, and Leicester goes in the former, rather than the latter with dodgy cunts like Ken Bates. Edited June 19, 2009 by ImpossiblyDaft Link to comment Share on other sites More sharing options...
LeazesMag 0 Posted June 20, 2009 Share Posted June 20, 2009 Totally agree there'll be money owed in weird places and for surprising amounts. But Leeds were in league two and faced bankruptcy before their creditors agreed to the CVA. Ashley is our main creditor, so I doubt there's a judge in the land (if there not already legislation in place) that would sanction it. You mean they'll just say MA has to pay up? It's not always so straight forward, again in the Darlington FC case the main creditor was the Chairman/Owner who still owned the land (and would have even if the club itself had been liquidated), in the end he bought it (the club) back but with some debts wiped off IFRC. Which is what is worrying, it's not always a case of "forced" into administration, it can be a viable business strategy in certain circumstances. Vis a vie Bates at Leeds and the tricks of Leicester City. If you want 'tricks' you want Sheepshanks at Ipswich - wiped £20m off their debt via administration, bought the club back himself, then brought in the 10pts immediately after and were around the playoffs that season. Leicester City were near bankrupt thanks to inept planning, rather than trying on 'tricks': After administration the club was bought by a consortium of Pukka Pies, Gary Lineker and Emile Heskey and couldn't even afford any transfer fees after going up - the only reason the club is still going is that Muzzy Izzet turned down a move to Boro, really - the £4m or whatever it was would have kept administration away for another couple of months, but without that promotion (by 12pts!) things wouldn't have looked good. The 10% to the taxman thing is simply because that was what anyone got back out of it, much the same as others. Wasn't a case of going into it intentionally to make things easier like Leeds and Ipswich but just a huge, huge cock up by all manner of idiots; and unfortunately when anyone can't repay debts someone is going to have to cut their losses, either by administration or a winding up - and the first made more money than the second would have, luckily. and to think that only a few years ago not qualifying for europe and being caught on video making comments about Micheal Owen was considered embarrassing........ Someone should cut and paste this to the dumb cunts like Dave [nufcforever] on Newcastle Online Bet the tosspot, banning people like a tough buy behind his keyboard doesn't reply.........as usual Link to comment Share on other sites More sharing options...
LeazesMag 0 Posted June 20, 2009 Share Posted June 20, 2009 Totally agree there'll be money owed in weird places and for surprising amounts. But Leeds were in league two and faced bankruptcy before their creditors agreed to the CVA. Ashley is our main creditor, so I doubt there's a judge in the land (if there not already legislation in place) that would sanction it. You mean they'll just say MA has to pay up? It's not always so straight forward, again in the Darlington FC case the main creditor was the Chairman/Owner who still owned the land (and would have even if the club itself had been liquidated), in the end he bought it (the club) back but with some debts wiped off IFRC. Which is what is worrying, it's not always a case of "forced" into administration, it can be a viable business strategy in certain circumstances. Vis a vie Bates at Leeds and the tricks of Leicester City. If you want 'tricks' you want Sheepshanks at Ipswich - wiped £20m off their debt via administration, bought the club back himself, then brought in the 10pts immediately after and were around the playoffs that season. Leicester City were near bankrupt thanks to inept planning, rather than trying on 'tricks': After administration the club was bought by a consortium of Pukka Pies, Gary Lineker and Emile Heskey and couldn't even afford any transfer fees after going up - the only reason the club is still going is that Muzzy Izzet turned down a move to Boro, really - the £4m or whatever it was would have kept administration away for another couple of months, but without that promotion (by 12pts!) things wouldn't have looked good. The 10% to the taxman thing is simply because that was what anyone got back out of it, much the same as others. Wasn't a case of going into it intentionally to make things easier like Leeds and Ipswich but just a huge, huge cock up by all manner of idiots; and unfortunately when anyone can't repay debts someone is going to have to cut their losses, either by administration or a winding up - and the first made more money than the second would have, luckily. and to think that only a few years ago not qualifying for europe and being caught on video making comments about Micheal Owen was considered embarrassing........ Someone should cut and paste this to the dumb cunts like Dave [nufcforever] on Newcastle Online Bet the tosspot, banning people like a tough buy behind his keyboard doesn't reply.........as usual Link to comment Share on other sites More sharing options...
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