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| Quote ="RebelRebel"There was enough in the business at the time of purchase (SKY money for the season, plus gate receipts, merchandise etc.) to make the investment worthwhile in the short term, providing you budget accordingly. I don't think anyone could claim we've "flashed the cash" since being taken out of administration, so this would back up the argument.
The stuff about lines of credit, though, is nonesense in relation to the total debt. Most of the debts will be for one-off payments, as far as I can see. Yes, you could get a line of credit with your sarnie bill at Subway, but you won't get one with BT.
I was pleased to hear that AG planned to honour certain historical debts, even though he wasn't obliged to do so. I think that speaks well of him, builds bridges with the local community and people who may have lost out in their "lines of credit" under Richardson.
Of course it's too early to judge the man and his achievements, but he should be credited for seeing the little things he can changed quickly and acting on that. The "big picture" is one that no one has thus far been able to deliver. I think he deserves support, though, don't you?'" I think we need to realise that had AG not come forward we would not now exist at all. That alone is good enough for me. However as fans we have to not be complacent, group together under the banner of the Supporters Trust and help safeguard the past present and future of our club
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| Quote ="chapster"well to be fair, if you look at the redundacy payments, the outstanding salary payment of non retained employees anbd know what you are talking about..........'"
... then you'd come up with what, exactly? To be fair.
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| Quote ="feline" I think we need to realise that had AG not come forward we would not now exist at all. That alone is good enough for me. However as fans we have to not be complacent, group together under the banner of the Supporters Trust and help safeguard the past present and future of our club'"
actually at that price not exactly true!!
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| Quote ="RebelRebel"... then you'd come up with what, exactly? To be fair.'"
lets leave it, ok? but i know the calculations for redundancy payements ok????
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| Quote ="chapster"actually at that price not exactly true!!'"
why ? are you saying others had come forward
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| Quote ="feline"why ? are you saying others had come forward'"
are you telling me the publicalty announced price of selling wtrlfc was3o k??
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| Quote ="chapster"lets leave it, ok? but i know the calculations for redundancy payements ok????'"
10K is the price that's quoted. You show me that Ted Richardson was a paid employee of the club and received a redundancy payment (along with the others who were made redundant), and I'll leave it. If you can't do that, don't make the insinuation.
To move on to Sue's post - A supporter's trust is the way forward, regardless of who is at the helm of the club. Are "foreigners" allowed to join?
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| Quote ="chapster"are you telling me the publicalty announced price of selling wtrlfc was3o k??'"
I do not remember a figure being announced at all
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| Quote ="RebelRebel"10K is the price that's quoted. You show me that Ted Richardson was a paid employee of the club and received a redundancy payment (along with the others who were made redundant), and I'll leave it. If you can't do that, don't make the insinuation.
To move on to Sue's post - A supporter's trust is the way forward, regardless of who is at the helm of the club. Are "foreigners" allowed to join?
'"
yes anyone can join...launch night 24 May
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| Can someone help me as had a quick read through. Does it say that prior to the appointment of the administrators that we had already agreed to sell Sam Obst..?
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| Quote ="RebelRebel"10K is the price that's quoted. You show me that Ted Richardson was a paid employee of the club and received a redundancy payment (along with the others who were made redundant), and I'll leave it. If you can't do that, don't make the insinuation.
To move on to Sue's post - A supporter's trust is the way forward, regardless of who is at the helm of the club. Are "foreigners" allowed to join?
'"
and agreed!
sues great as are all the others who support the real fans of our club! and yes foreign people are fine if they have a big open wallet!!
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| Quote ="supercat"Can someone help me as had a quick read through. Does it say that prior to the appointment of the administrators that we had already agreed to sell Sam Obst..?'"
It does.
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| Quote ="bren2k"It does.'"
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| Two questions...
1) How much is it to join the ST? and
2) In the purchase of the club from the administrators, is it likely/possible that all the shop merchandise would have been included, and therefore is now being sold at 100% profit and is irrespective of the actual purchase price initially paid - so all money paid for the stock go back completely into the club.
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| Quote ="bren2k"It does.'"
Next question then if we were so far up the creek what was to be gained from this..?
The mere some of what was paid for him wouldn't have done us any good.
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| Quote ="supercat"Next question then if we were so far up the creek what was to be gained from this..?
The mere some of what was paid for him wouldn't have done us any good.'"
Sam Obst and Dale Ferguson were sold to guarentee O'Hara and Co got paid because there was nothing else there at that time apart from a bit of petty cash, a deal had not yet been reached with AG.
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| Quote ="The Trip"Sam Obst and Dale Ferguson were sold to guarentee O'Hara and Co got paid because there was nothing else there at that time apart from a bit of petty cash, a deal had not yet been reached with AG.'"
It says that the total realised from the sale of players was £20k; a pathetic amount that the clubs in question should be ashamed of - they won't though, since it's just business and all that.
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| Quote ="bren2k"It says that the total realised from the sale of players was £20k; a pathetic amount that the clubs in question should be ashamed of - they won't though, since it's just business and all that.'"
One of the clubs in question appears on the list of creditors to the tune of 24k.
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| Quote ="RebelRebel"One of the clubs in question appears on the list of creditors to the tune of 24k.'"
Yep - in the words of Mr Agar, "it's absolute baffling."
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| Quote ="RichieWarlord"Two questions...
1) How much is it to join the ST? and
2) In the purchase of the club from the administrators, is it likely/possible that all the shop merchandise would have been included, and therefore is now being sold at 100% profit and is irrespective of the actual purchase price initially paid - so all money paid for the stock go back completely into the club.'"
Depends on your age:
Under 16's - £1 (as they cannot vote in elections)
Over 16's - £10
Come along on the 24th and sign up.
A large and strong Supporters Trust will help to make sure that the new management of the club are hearing the voices of the fans.
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| Quote ="RichieWarlord"Two questions...
1) How much is it to join the ST? and
2) In the purchase of the club from the administrators, is it likely/possible that all the shop merchandise would have been included, and therefore is now being sold at 100% profit and is irrespective of the actual purchase price initially paid - so all money paid for the stock go back completely into the club.'"
I would suspect that this is one of the creditors the new company has agreed to pay in order to keep the relationship in place, and the club with a kit manufacturer.
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| So, who did the deal for Millard then, he left whist we were in administration, so the club could not, and the report says the administrator did not.
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| Quote ="lifelongfan"So, who did the deal for Millard then, he left whist we were in administration, so the club could not, and the report says the administrator did not.'"
The way I read it was that he didn't need to be sold to cover costs, but an offer came in and it was accepted by whoever makes decisions on the squad. Makes sense that way.
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| Quote ="wakeytom"As always Dr Vastman is here, and whatever he says is gospel. I dont know how you can say its hard luck, when if you take out HMRC & redundancy , its still around half a million, so how is that a little owed to its creditors, including to 2 large bills to clothing companies for over £50k, which I am sure is not a week or two's worth of kits.'"
Pathetic
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| Quote ="RebelRebel"There was enough in the business at the time of purchase (SKY money for the season, plus gate receipts, merchandise etc.) to make the investment worthwhile in the short term, providing you budget accordingly. I don't think anyone could claim we've "flashed the cash" since being taken out of administration, so this would back up the argument.
The stuff about lines of credit, though, is nonesense in relation to the total debt. Most of the debts will be for one-off payments, as far as I can see. Yes, you could get a line of credit with your sarnie bill at Subway, but you won't get one with BT.
I was pleased to hear that AG planned to honour certain historical debts, even though he wasn't obliged to do so. I think that speaks well of him, builds bridges with the local community and people who may have lost out in their "lines of credit" under Richardson.
Of course it's too early to judge the man and his achievements, but he should be credited for seeing the little things he can changed quickly and acting on that. The "big picture" is one that no one has thus far been able to deliver. I think he deserves support, though, don't you?'"
Don't see why it's nonesense - a one of debt is still credit if it's invoiced on 30 days rather than cash on delivery - that's my point it's not a cash sale but a 30 days free credit and a lot can happen in 30 days or the more usual 60 days it ends up being. It's not right I concur but it's a risk you take - I do side line work all the time and it's cash on delivery every time because I've been stung a few times.
Hence there is a risk because you have set up an account - I bet when we were in the CVA we had to pay on the nose and I bet it kept the books straight.
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