Adeybull HOPES different. Since as I keep saying Administration is likely to solve little financially.

I thought they meant something more blatant than that, such as not paying the PAYE/VAT whilst still buying players?

but the words were "strong evidence of non-compliance". Whatever that means (and to me it is crystal clear; irresponsible/reckless shenanigans, to use the vernacular) one thing it does NOT mean is the above. Why not? Because your interpretation just needs a simple yes or no, and is a black or white issue ("was there a plain-and-simple inability to pay"icon_wink.gif. "Evidence" doesn't come into it, and all the more so, what would "strong" add?


Disagree entirely. The most cash would be to accept the deal, and usually, HMRC votes against. Indeed in many cases HMRC precipitates the liquidation, even if pre-admin offers are made which would over time have (if kept to) led to a 100% recovery for HMRC.


I wasn't suggesting you didn't. I'd add that sadly, most fans know aklmost zero about insolvency, administration etc and just view it as some legal mumbo jumbo which they expect means you write your debts off and carry on as before. As indeed - especially in the case of some soccer clubs, and the "prefer football creditors" scam which the Courts have just ruled perfectly legal) - they are encouraged by brief reports to think.

Still waiting....

Just a supposition really, but I would have thought that the next home game would be a great time to introduce a new benefactor so they might enjoy the appreciation of the Bulls faithful...

Certainly I wouldn't be surprised if we didn't hear anything before the next game.

www.creditman.biz/uk/members/new ... c=NNow4251 Seems we'll know for certain within 14 days then.. a little less optimistic today after reading this..

www.creditman.biz/uk/members/new ... c=NNow4251 Seems we'll know for certain within 14 days then.. a little less optimistic today after reading this..

www.creditman.biz/uk/members/new ... um=twitter Close to the edge as the club moves to appoint Administrators Just realised it has been posted elsewhere! Apologies. Please merg with other thread.

www.creditman.biz/uk/members/new ... um=twitter Close to the edge as the club moves to appoint Administrators Just realised it has been posted elsewhere! Apologies. Please merg with other thread.

The "£1m to complete the season" sounds grim.

Presumably "developments last Friday" was the HMRC winding up order? I thought we were more or less up to date with HMRC??

Sounding like my hopes may prove optimistic.

Sounds to me like its giving us more time.. that we've had to do this to stop HMRC winding us up..

i suppose if they need more time it's a good option. It also says though we didn't have a sustainable business plan which Hood was adamant we had which is worrying. Hopefully the rumours are true, there's something in the pipeline and we've had to do this whilst the finer details are being ironed out.

Very grim indeed.. that and the fact that they state ` the reality is that this is a loss making business`

Im sure Mr Hood assured us we had a sustainable business plan.. Fingers crossed we've only done it to buy more time whilst potential investors iron out finer details..

for us that dont know what this means

A "notice of intention of appointing administrators" is where the company files, at court, a document that outlines that they intend to go into administration if a solution cannot be found to their immediate financial problems. Once this is notice has been sent to the court a moratorium is created over the company preventing any creditor from starting any legal action or continuing any existing legal action against the company without express permission from the court.

Be interested in Frank W and Pauls comments on latest development as they were pretty certain last week that a financial solution was imminent. Hopefully as others have said this is just to give us breathing space whilst details are finalised.

Adey what happens at the end of 14 days if we don't appoint administrators? Do we officially withdraw the application of intent ?

Its now in the t&a - www.thetelegraphandargus.co.uk/s ... um=twitter

Its now in the t&a - www.thetelegraphandargus.co.uk/s ... um=twitter