Winding up proceedings - Page 3

Local Red · 29-05-2009, 14:31

How many years does this debt go back?
How can we pay back this money on a monthly basis when we're only getting about 1300 bums on seats?
Surely we have to show the taxman some sort of plan for repayment of these debts?

Wynonie Harris · 29-05-2009, 14:32

Whatever the rights and wrongs, WHY are the club ignoring a well-intentioned supporter who wants to invest £200,000? I know I keep banging on about this, but it just seems sheer and utter madness.

theprisoner · 29-05-2009, 14:34

Its on the BBC now - BBC SPORT | Football | My Club | A | Accrington

As has been mentioned the £300,000 owing is small fry compared to the millions which are and will pour into Burnley during the forthcoming season. Investment has desperately been needed for a long time now and sadly nothing has bared fruit which is why we find ourselves in this current predicament. Unfortunately it has been an accident waiting to happen and one that most of us feared.

Local Red · 29-05-2009, 14:35

Quote:

Originally Posted by Tin Monkey

Yeah, same with you too. 59 posts in 3 years? Feel free to join in when you're ready and not just when the **** hit that fan!!

Read my other posts. You'll see that I don't only reply when it hits the fan.
I think it is very important that anybody involved (even slightly) with the Stanley voices their opinions at this time.
Of course, if you think you know better than me (having only posted 59 times in 3 years) and that I'm not entitled to my opinion, then I will bow to your superiority.

slerpy · 29-05-2009, 14:37

At the moment this is not to bad, the club must negotiate with the revenue and come to an agreed timetable for payment. basically the revenue are getting as bit heavy. this is not a time to p*ss off Eric as he will have to be a guarantor on a bank loan. I have a rough idea on these things as mrs. slerpy worked for coutts &co. for 32 years as a bank manager.a sticky time but no where near admin. unless of course Eric "does one".

Bradshaw Boy · 29-05-2009, 14:45

bit at the bottom from Rob urging us not to panic:

Accrington in cash crisis - Football - Sport - Manchester Evening News

Tin Monkey · 29-05-2009, 14:46

Apparently Rochdale had one of these a couple of years ago. It was repaid and that was that. The issue is, how do we repay it? I would presume that this hasn't come out of the blue and that the club have known it was coming for some time. I would therefore hope that the new budgeting structure was arranged with this in mind and a plan will be in place to repay the money over a period of time, but like I said before, who knows?

churchman phil · 29-05-2009, 14:49

One week ago today I posted on the following thread...
and not a lot of people had much to say....

Wynonie Harris · 29-05-2009, 14:56

Quote:

Originally Posted by Tin Monkey

I would presume that this hasn't come out of the blue and that the club have known it was coming for some time.

So again I ask, why have they ignored Ilyas Khan?

John_Timmins · 29-05-2009, 15:08

Quote:

Originally Posted by Tin Monkey

Apparently Rochdale had one of these a couple of years ago. It was repaid and that was that. The issue is, how do we repay it? I would presume that this hasn't come out of the blue and that the club have known it was coming for some time. I would therefore hope that the new budgeting structure was arranged with this in mind and a plan will be in place to repay the money over a period of time, but like I said before, who knows?

One of the few who speak sense on here anymore....

Grimsby have also been in this position when the sky digital went bust, they where given around 7 years to pay off 700k, the inland revenue will want the club to carry on trading as this is their best chance of them getting their cash.

It would be easy for the club to go into admin and write of these debts although we would get 10 points deducted, it is much harder work to try and ensure the club carry on as we are and honour the current debts which have been run up

The wording of this news is worse than the actual reality,
Although its not good...this may give some people in accrington a kick up their arses to support their local team if they want a league team in accrington

Keep the faith

John_Timmins · 29-05-2009, 15:10

Quote:

Originally Posted by Wynonie Harris

So again I ask, why have they ignored Ilyas Khan?

maybe a mud slinging contest would be more bad news for the club???

Revived Red · 29-05-2009, 15:11

It does rather make a mockery of all that we have read about Eric Whalley looking after the purse strings so carefully.

I've said it before, and no doubt I'll say it again, but the club needs a new broom to sweep through it. In reality, the last three years have been an endless saga of missed opportunities. We seem to have a huge opportunity now with Ilyas Khan. If the club does not use this opportunity, it probably will not get any more.

shakermaker · 29-05-2009, 15:15

I'm extremely worried.

Maybe Ilyas Khan would be prepared to pay the tax man for us and afterwards purchase the club for £1! Silly dream I know. We don't even know why the club aren't talking to Ilyas, at this perilous stage it cannot be pure ignorance.

I know it's not the most important thing the club has to face right now, but if the worst scenario finds itself actualised, what will happen to season ticket money?

Wynonie Harris · 29-05-2009, 15:17

Quote:

Originally Posted by John_Timmins

maybe a mud slinging contest would be more bad news for the club???

Costs nothing to talk to the guy. He's a genuine Stanley fan who wants to put money into the club and also appears to possess a fair amount of commercial acumen. Hardly bad news, I would've thought!

VALAIRIAN · 29-05-2009, 15:20

Quote:

Originally Posted by John_Timmins

One of the few who speak sense on here anymore....

Grimsby have also been in this position when the sky digital went bust, they where given around 7 years to pay off 700k, the inland revenue will want the club to carry on trading as this is their best chance of them getting their cash.

It would be easy for the club to go into admin and write of these debts although we would get 10 points deducted, it is much harder work to try and ensure the club carry on as we are and honour the current debts which have been run up

The wording of this news is worse than the actual reality,
Although its not good...this may give some people in accrington a kick up their arses to support their local team if they want a league team in accrington

Keep the faith

Thanks for this post J.T. And the one attatched

Maybe it is not as bad as it seems in words.... But the club must now take onboard all/any help offered to it......