Whats 3 x 0?
So who let Dawkins in the data rooms?
Read further on and as expected…. Yeah but look what SISU didnThis is pretty much what we are thinking isn't it??
I suspect Mike Ashley, with the carrots, in the dining room fireplace.This is beginning to sound like Cluedo.
That will be why Richardson added himself as a director.
He gets to choose who, how and when somebody bought it after it went into Administration.
This is why I keep saying it's very likely he will still be around in some shape or form with a nice debt free stadium and he will "have the local authorities" or whatever the wording was used.
How does it?That suggests though that Ashley isn’t the buyer
Are you really saying if that’s the case he will have authority of any type over the preferred bidder should he be successful tomorrow.
I think you will be disappointed
How does it?
Well if he’s around still with a debt free stadium that suggests he’s owning it still
in some shape or form
Ccfc paid to keep everything goingTwo ways to look at this.
Ashley we were told put the cash up to allow the CBS to continue running. Since then we have gone on this amazing run so we have to be thankful on that note.
same time. all the nonsense behind the scenes with what seems favouritism shows how corrupt the parties involved are.
my personal opinion.Ashley is far shrewder than any other party, is that good or bad, only time will tell.
Ccfc paid to keep everything going
Ok who has?Are you really saying if that’s the case he will have authority of any type over the preferred bidder should he be successful tomorrow.
Not in admin is it?Even other events/offices/etc? Who is paying the admin costs?
Ccfc paid to keep everything going
Who knows but company not in admin yet.Even other events/offices/etc? Who is paying the admin costs?
Worth asking that questionThe whole stadium every day for the last two weeks?
Not in admin is it?
Having thought about this it strikes me that the best thing that the Bondholders can do is try to enforce that the Trustee holds out for liquidation. The trustee has a fiduciary duty to the Bondholders. However, the Trustee seems to be some kind of US Bank and there are complex looking rules wrt US / U.K. bonds / trustees / laws.
Layman’s terms: it looks well dodgy. Why set up this way?
A liquidator will have a duty to (amongst other things):
a) Get the best return for creditors. At the moment the BH have some level of first charge - why else would the Administrator be going legal to remove it?
b) Investigate the events leading up to the liquidation to recover as much money as possible. It might be just horrible rumours to suggest that Richardson has cosied up to MA to ensure a pre-pack and less scrutiny. I would not suggest that those two gentlemen of unblemished reputation would ever act in any way other than 100% above board. An administrator, some have alleged - not I, can be “Tamed with fees such as exclusivity fees”. A liquidator is a different animal in my experience. They will realise as much as possible and will often go after high net worth individuals to see what they can get. This is under the guise of getting the most for the creditors but in reality the fees charged are enormous and the money goes to the liquidator and their “professional associates”.
If anyone has a better notion or if I’ve got the wrong thought process then of course chip in, this is a discussion forum.
Thoughts?
Grendel - do you know how much ccfc paid?Worth asking that question
Yep he doesI dunno. Dawkins said he was talking to the administrator
And so they shouldCcfc paid to keep everything going
Grendel - do you know how much ccfc paid?
Do you know what the money was used for?
I’d feel that some of that money kept acl from admin while a pre pack deal is received and agreed
I dunno. Dawkins said he was talking to the administrator
As opposed to the individuals involved in the pre pack admin?And so they should
In terms of the Arena itself don't see Ashley wanting Richardson around. No need to pay him. Maybe the carrot is some involvement in the development of the land around the Arena.Didn't say still be around as 100% owner.
And so they should
That’s an understandable feeling given what was asked on the Tuesday before the game when discussions were taking place about games being playedSo ccfc are now funding the whole arena so someone else can buy it?
Ccfc paid to keep everything going
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