Deadline extended for offers (1 Viewer)

[CJ_covblaze]

We've been informed that the deadline for indicative offers has been extended till 5pm on Friday 14th June.

 

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[Sky Blue Pete]

So pissed off now!! Why?? How on earth can we get the detail needed for the fl now??

 

[RPHunt]

This could be good news, if true, SISU wouldn't require an extended deadline.

 

[fernandopartridge]

So pissed off now!! Why?? How on earth can we get the detail needed for the fl now??

Think about it. It may be that some of the potential offers are not in a position to make an offer at the minute.

 

[Chipfat]

Who let that out because if its TF then appleton needs to come out and state who is is working for and why is he letting Sisu control the press release..

 

[Noggin]

wow:facepalm:

 

[Otis]

14th June?

What about season tickets, where we are going to play and fixture lists?

Looking ever increasingly like it is going to be Walsall.:facepalm:

 

[blend]

Does the administrator make this decision? If so is he operating within any timescale set by the court? Lots of people said admin could last ages, starting to become a reality.....

 

[Bluegloucester]

14th June?

What about season tickets, where we are going to play and fixture lists?

Looking ever increasingly like it is going to be Walsall.:facepalm:

Try Nene Park!

 

[Godiva]

It could also indicate that the creditors have decided to form a creditors committee.

Or maybe Appelton is going on a two week holliday to the Caymans.

 

[italiahorse]

Seems to align with the meeting from yesterday being adjourned for 2 weeks.
Perhaps the detail from this meeting enables the offers on the table to be based on actually debt figures.
I guess the fixtures will be drawn based on the Ricoh if no other information is made available. This in itself would work in our favour with the football league as the implications of changing fixtures based on say Walsall home fixtures and surrounding ground fixtures would be massive.

 

[RogerH]

I wouldn't be surprised if interested parties weren't already talking to SISU, unofficially, behind the scenes, preparing the ground for a take over.

If the Far East consortium have the funds mentioned on another thread, it would be way too much for SISU to resist. (He says with fingers crossed !)

 

[italiahorse]

14th June?

What about season tickets, where we are going to play and fixture lists?

Looking ever increasingly like it is going to be Walsall.:facepalm:

Season tickets not a problem as no one in their right mind would buy one.

 

[Otis]

Season tickets not a problem as no one in their right mind would buy one.

That did make me chuckle that.

 

[MusicDating]

Surely this means that where we're going to play next season has been decided and has FL approval... Just need to know where now...

 

[CJ_covblaze]

Who let that out because if its TF then appleton needs to come out and state who is is working for and why is he letting Sisu control the press release..

From Appleton

 

[SkyblueBazza]

From Appleton

Where & when & how? Without some indication it could (& should!) just be consigned to be ignored as speculation, rumour or a wind up.

 

[Skybluerevolution (Pt2)]

I see this as a good i thing - i think!!:thinking about:

 

[Baginton]

did anyone follow the Rangers administration recently, passed deadline after passed deadline, I hope this is not going to become to norm set deadlines and stick to them Appleton.

Maybe no one is suitable to take over !!

 

[skybluepm2]

Adjournment or extensions are the norm for this guy...there will be more to come mark my words. Why is there no urgency in all of this? Where is the justification in delaying this time?i thought that the term deadline was fairly clear and not just moved willy-nilly. I've not liked this Appleton dude from day 1. Very questionable individual.

 

[Flying Fokker]

Think about it. It may be that some of the potential offers are not in a position to make an offer at the minute.

Due dilligence

 

[Baginton]

keep the deadlines coming til someone good comes along lol:facepalm:

 

[Baginton]

Due dilligence

one look at the debenture and any sane person would be off

 

[Mucca Mad Boys]

one look at the debenture and any sane person would be off

For example, Alki David...

 

[chiefdave]

Does the administrator make this decision? If so is he operating within any timescale set by the court? Lots of people said admin could last ages, starting to become a reality.....

this happens with pretty much any administration. There are rules and regulations about when you have to report certain things so you get meetings like yesterday that are held so that things are done in accordance with the rules but just keep getting pushed back. There is a rule that you can't be in administration for more than 12 months but even that can be extended by the court if there's no objection from creditors.

 

[SkyBlueBlood]

this happens with pretty much any administration. There are rules and regulations about when you have to report certain things so you get meetings like yesterday that are held so that things are done in accordance with the rules but just keep getting pushed back. There is a rule that you can't be in administration for more than 12 months but even that can be extended by the court if there's no objection from creditors.

If we are still in admin at the start of this season = further 10 points deduction, but if we are still in admin beginning of next season I am pretty sure we get thrown out of the Football League.

 

[chiefdave]

If we are still in admin at the start of this season = further 10 points deduction, but if we are still in admin beginning of next season I am pretty sure we get thrown out of the Football League.

that will be FL rules as opposed to the legal process of administration. Wasn't aware that we would get another 10 points if we start the season in admin. We're looking at 10 - 20 points off if we come out of admin without a CVA and you are correct you can't start 2 consecutive seasons in administration - you get kicked out the league.

 

[wingy]

Adjournment or extensions are the norm for this guy...there will be more to come mark my words. Why is there no urgency in all of this? Where is the justification in delaying this time?i thought that the term deadline was fairly clear and not just moved willy-nilly. I've not liked this Appleton dude from day 1. Very questionable individual.

I'm the opposite i'm getting the drift that he is working to the book He definately said after yesterdays meeting the twi weeks are to gain further information ,information has been witheld possibly from SISU possibly the FL .After yesterdays meeting The ACL lawyer stated he was going to the league for further clarifications / information

 

[wingy]

I definately sensed a spring in the ACL step yesterday ,I'd wager Appleton will ultimately negotiate a deal to play @ the RICOH this season,to me that says the entire club can from the leagues pointof view be classed as in Admin.If Rytons gone expect any players that can raise a Smidgeon next.

 

[Sir Digby Chicken Caesar]

that will be FL rules as opposed to the legal process of administration. Wasn't aware that we would get another 10 points if we start the season in admin. We're looking at 10 - 20 points off if we come out of admin without a CVA and you are correct you can't start 2 consecutive seasons in administration - you get kicked out the league.

Christ Hell Fire! I wasn't aware of these FL rules either.

 

[dongonzalos]

Isn't Mr Fisher notifying the FA of his plans at the start if June?

 

[TheParsonsHose]

I worry that our owners (who are always late with their accounts) may be late with their own offfer.

 

[North York’s Blue]

It may have already been mentioned, However TF stated that the deadline is now 7th Jun and not 14th. I think he was showing one of the attendees an email to confirm this as I was leaving.

 

[dongonzalos]

7th? Why does he care surely he would not be bidding for something that us worthless?

 

[North York’s Blue]

They'll be bidding alright, if only to force ACL back round the table. Deep down I don't believe that SISU really have the desire to take us out of the city.