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Direct quote from Hoods Programme notes. They should have the decency to tip up some Lineage Fees for using it!
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Direct quote from Hoods Programme notes. They should have the decency to tip up some Lineage Fees for using it!
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| Did anyone else notice that Steve Parkin's company Clipper suddenly had a posh Tea stall behind the stand last night? At the very least we won't be able to use him for 3rd party payments in the future....
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| Saw stall did not know Parkin owned it.
If so, interesting...
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| Sorry - was assured that was correct, but now trying to do my own verification & not so sure anymore. Note to self, verify first.
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| Its gonna be a long 3 hrs!
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| Quote ="Adeybull"The BOD would have to satisfy themselves that the club was solvent first, to escape the risk of personal liabilities for trading whilst insolvent. But once that is done, not a bad thought at all I'd say?'"
Do you know if the law on trading whilst insovent also applies to seeking donations? Does "The Pledge" constitute "trading"? I've tended to believe Peter Hood when he's said that the club wouldn't ask pledgers to pay up unless they were sure that they could reach the £1m target but I'm curious as to what the legal position would be if they took the money and we went bust in a few months.
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| I think that if they get enough to keep the wolf from the door now, it opens up various options and opportunities going forward some of which we got an idea of at our meeting. It was clear they were very aware of their responsibilities regarding trading whilst insolvent.
I guess they made everyone aware of the financial position and therefore the risks, and in any case all the money raised is reducing the amount owing to creditors so they could not really be attacked for not taking all practicable steps for minimising loss to creditors? And if it fell over in a few months, they could point to at least having settled the main creditors and bought time to try and find a long term solution? Caisley might try and create a load of trouble for Hood but I am not sure they would be that exposed in such circumstances?
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| Quote ="Adeybull"I think that if they get enough to keep the wolf from the door now, it opens up various options and opportunities going forward some of which we got an idea of at our meeting. It was clear they were very aware of their responsibilities regarding trading whilst insolvent.
I guess they made everyone aware of the financial position and therefore the risks, and in any case all the money raised is reducing the amount owing to creditors so they could not really be attacked for not taking all practicable steps for minimising loss to creditors? And if it fell over in a few months, they could point to at least having settled the main creditors and bought time to try and find a long term solution? Caisley might try and create a load of trouble for Hood but I am not sure they would be that exposed in such circumstances?'"
I think that's probably right in the sense that pledge doesnt create additional creditors. I just wondered if the situation could be complicated by the existence of their personnal guarantees to RBS. I'm not for a moment suggesting that they would exploit the situation to avoid those potential liabilities, just wondered if they could be challenged on that basis.
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| why are some people so against steve parkin.he certainly knows how to succeed in business and is a very wealthy man because of that.lets get him on board and see where he takes us.
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| Quote ="Cibaman"I think that's probably right in the sense that pledge doesnt create additional creditors. I just wondered if the situation could be complicated by the existence of their personnal guarantees to RBS. I'm not for a moment suggesting that they would exploit the situation to avoid those potential liabilities, just wondered if they could be challenged on that basis.'"
Given that the alternative was to call in the administrators anyway, and that they had no option but to repay RBS because the latter reduced the facility pound for pound for every pound banked, and given they have made the situation clear throughout, My view would be that there was little chance of fraudulent preference to the bank tbh. I thought that a while ago and nothing since has given me concern to the contrary. If they DO call in the pledges then they will have reduced the potential loss to creditors by twice what they owed the bank. Other than Caisley for mischief, can,t see any creditor objecting to that, and Caisley is not a creditor any more anyway as I understand it.
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| Quote ="W.BowlingBull"why are some people so against steve parkin.he certainly knows how to succeed in business and is a very wealthy man because of that.lets get him on board and see where he takes us.'"
Don't think is against him as such, just the general belief that what he has real
Y been after is a site for a big distribution depot or similar, and a soccer club, and that buying a RL club was a means to one of those ends.
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| Quote ="Adeybull"Don't think is against him as such, just the general belief that what he has real
Y been after is a site for a big distribution depot or similar, and a soccer club, and that buying a RL club was a means to one of those ends.'"
Except with the ground deal to the RFL, we are no longer an attractive proposition for that.
Maybe it is just about ego with Parkin? (And I don't mean that to be negative - my football team has a terrible egomaniac as a Chairman, who has a list of unhappy customers as long as your arm and a poor business reputation. He is the best Chairman in the league by quite a difference - because he is only there to feed his ego and has no hidden agenda). If it is ego for Parkin (and his apparent desire to get involved [isomewhere[/i suggest this as much as the development land) then maybe we have something to work with.
We're short of egos, aren't we?
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| Quote ="Highlander"Sorry - was assured that was correct, but now trying to do my own verification & not so sure anymore. Note to self, verify first.'"
I seriously doubt that there is any link between, the homey, fair-trade [url=http://www.clipper-teas.com/homebeverage company[/url and (what I take to be Parkin's) slickly corporate [url=http://www.clippergroup.co.uk/mainlogistics group[/url.
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| Does anybody know if the announcement at 11:30am will be live on any radio stations etc
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| Quote ="Highlander"Did anyone else notice that Steve Parkin's company Clipper suddenly had a posh Tea stall behind the stand last night? At the very least we won't be able to use him for 3rd party payments in the future....'"
I saw the stall but didn't know of any particular 'connections'. To be honest I just thought it was an extra tea stall because they were expecting a bigger gate,which I guess it was really. Interesting though..
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| Quote ="Joseph241211"Does anybody know if the announcement at 11:30am will be live on any radio stations etc'"
Radio Leeds have mentioned the announcement on all their news broadcasts so I'm expecting they will follow it up, I hope so anyway as I'm tuned to it right now.
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| Clipper tea isn't anything to do with Parkin! You'll be suggesting he's behind the traditional Yorkshire cake next!
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| Oh Bugger the Bulls site has crashed probably due to a lot of attempted log on's
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| No announcement until Tuesday 10th and Pledge extended till Monday
(the Gled on Twitter)
Sadler tweets we're £20k short
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I take it that this means there is no announcement at 11.30am now and that we all have to worry ourselves sick again over the Bank Holiday Weekend???
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I take it that this means there is no announcement at 11.30am now and that we all have to worry ourselves sick again over the Bank Holiday Weekend???
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| What it says is they have reached 480K and still counting, and as has been said anything over 500K is a positve help so its understandable, the pledge is succeeding so perhaps those who held back will now contribute!
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| Last nights victory will probably have given the pledge further impetus but a statement a few days ago basically saying the pledge will carry on until Monday/Tuesday would have made everyones morning a lot better.
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