Looks like some bad news - Page 8

Haggis316 · 02-09-2009, 20:08

The interests of the club are paramount.

The club's directors must consider all reasonable sources of funding in the current situation.

Given a choice between a share issue or some of the other initiatives mentioned on this thread I know which I would go for. Just ask any Rotherham fan if they worked for them.

Any one minded to mention the words "loss of control"

please re read the first two paragraphs of this post.

lancsdave · 02-09-2009, 20:17

Quote:

Originally Posted by hasyred

Shambles from the club yet again we all need to work together to raise the money . The club needs to be truthfull with us the fans so the A S S F + ULTRAs etc etc so we can help in anyway we can to get the £££££££££ why not ask other fans of the bigger clubs to make donations eg man utd chelsea etc just need to coordinate everything through one body eg ASSF which definatly needs a web site so people from all over the world can donate .advertise the fact through tv sky media etc

The problem with asking other clubs fans is why should they give to Stanley when in what is harsh reality there are, have been and will be again, other clubs in the same position. The first port of call with any struggling club is their own fans, the problem is if their own fans don't actually know what the problem is they can't possibly help.

odders · 02-09-2009, 20:26

Quote:

Originally Posted by hasyred

just need to coordinate everything through one body eg ASSF which definatly needs a web site so people from all over the world can donate .advertise the fact through tv sky media etc

Exactly... ASSF creates website & paypal, then post a copy and paste for everybody, detailing a bit of history, current problem and paypal addy. Those who back the idea, then c&p the post, and post in on the other forum's the user views. With the amount of people looking at this thread today, makes this a sure fire winner, it's GLOBAL. This could be made into a media frenzy, purely through a X amount of Accyweb forum users, also using X amount of other forum's. We all have them in our bookmarks. If the ASSF do this, and something happens in this thread, I for one will make the word known.

VALAIRIAN · 02-09-2009, 20:32

Re: Looks like some bad news

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Quote:
Originally Posted by hasyred
just need to coordinate everything through one body eg ASSF which definatly needs a web site so people from all over the world can donate .advertise the fact through tv sky media etc

Exactly... ASSF creates website & paypal, then post a copy and paste for everybody, detailing a bit of history, current problem and paypal addy. Those who back the idea, then c&p the post, and post in on the other forum's the user views. With the amount of people looking at this thread today, makes this a sure fire winner, it's GLOBAL. This could be made into a media frenzy, purely through a X amount of Accyweb forum users, also using X amount of other forum's. We all have them in our bookmarks. If the ASSF do this, and something happens in this thread, I for one will make the word known.

These ideas have been mentioned by A.S.S.F. to the club and the club assure us that it is being looked into..

SPUGGIE J · 02-09-2009, 20:54

Quote:

Originally Posted by K.S.H

HERES the interview if you missed it

Just listened to that and they aint a clue what to do!!! Their heads are so far up their own butts that Jeff Traceys Thunderbirds have declared it a lost cause which is a bad sign.The stay of execution is only 8 weeks yet they say that the new owner David O'Neil should be given a chance. What the hell can he do in 8 weeks? Whatever pills Rob Heys is on he could make a frickin load of money selling em and using the proceeds to bail us out!!! Its either that or he is in cloud cuckoo land singing and dancing with the faries!!! I get the impression that he wants to dismiss the ASSF as a serious aid to the club as they did with Mr Khan.

Maybe they should go to the govenment and ask for a bank style bail out. You cant pee the taxman about our he will become the clubs grim reaper.

Rant over time to cross fingers toes n owt else that will cross (calls of nature permitting)

Bagpuss · 02-09-2009, 21:01

Quote:

Originally Posted by VALAIRIAN

These ideas have been mentioned by A.S.S.F. to the club and the club assure us that it is being looked into..

What's it got to do with the club? It's the ASSF that should have a website up and running by now, it was promised some time ago.

Bagpuss · 02-09-2009, 21:02

Quote:

Originally Posted by Willie Miller

So am I, as I can see the personal vendettas & grudges are about to rear their heads within a very serious subject......

Point taken.

odders · 02-09-2009, 21:05

Quote:

Originally Posted by Bagpuss

What's it got to do with the club? It's the ASSF that should have a website up and running by now, it was promised some time ago.

My point...

Wynonie Harris · 02-09-2009, 21:10

Quote:

Originally Posted by maccawozzagod

The Don has accepted the offer made by ASSF to provide the funds to clear the debt. It is by no means categoric but the upshot will be that ASSF will become the majority shareholder at ASFC very shortly.

So, has he accepted the offer or not...or did he originally accept it and now he's changed his mind?

Send in the clowns.

VALAIRIAN · 02-09-2009, 21:18

Quote:

Originally Posted by Bagpuss

What's it got to do with the club? It's the ASSF that should have a website up and running by now, it was promised some time ago.

A.S.S.F. intend to work with the club and not step on their toes, so to speak. The club say they are going to set up an online donation, so why would we duplicate it?? One direction is what is required.

ukcowboy · 02-09-2009, 21:21

Quote:

Originally Posted by Wynonie Harris

So, has he accepted the offer or not...or did he originally accept it and now he's changed his mind?

Send in the clowns.

That about sums it up from what I am led to believe

Nickelson · 02-09-2009, 21:39

Club Statement

Quote:

This morning Chairman David O'Neill, Vice Chairman Peter Marsden and myself travelled down to the High Court in London to seek a further adjournment of the winding up order brought by HM Revenue and Customs.

Just over twelve weeks ago HMRC agreed not to oppose an initial request for an adjournment after the football club submitted details proposals to repay the petition debt of £300,000 over a twelve month period. However in recent weeks it became clear that HMRC were going to seek a much shorter period of repayment ahead of the second hearing scheduled for today, and although negotiations continued until late last night it was not possible to avoid having to travel down to the court this morning.

Knowing that there was a good chance that HMRC were not going to accept an application for an adjournment the club and our legal team had put together what we were confident was a strong case that would convince the judge to allow us a little more time in order to reorganise our plans to be able to work towards paying the debt in full within a much tighter time period. Although we initially set out to aim for an additional four weeks to show that we could set about raising funds to significantly reduce the debt, we have in fact been granted an eight week adjournment.

With our original twelve month plan we had sought to repay the money owed from the club’s annual turnover, by significantly reducing costs in some areas and increasing revenue streams in others. Because of this it would not have been necessary to go out and fundraise specifically for this cause.

Now with our much shorter deadline the club is appealing for help from all interested parties who share our desire to keep the club moving forward. Over the next few days and weeks we will be announcing a number of initiatives to bring in funds to be specifically used to clear this debt, some of which will bring in relatively small amounts, some hundreds of pounds, some thousands of pounds and some tens of thousands of pounds.

We are aware that there is some disappointment amongst supporters that this court appearance was not made public sooner, particularly as going forward we have stated that we are very keen to be as open and transparent as is possible. The decision not to make the news public was made for two reasons, both with the specific intention of keeping control of the situation at a very difficult time. Firstly the news that the club was to make an appearance in the High Court to defend a winding up order would have had a massive effect on the day to day trading of the football club, and secondly the local, national and indeed international media attention that such a story would have attracted would have had a significant impact on our ability to concentrate on our negotiations with HMRC and on working on our defence with our legal team.

The club was in receipt of an offer of support from the Accrington Stanley Supporters Fund, backed by Ilyas Khan, offering to repay the entire debt but only on the condition of a new share issue that would see the fund take a 50% stake in the club, and subject to the usual due diligence procedures. The club have not dismissed this offer out of hand, indeed it may still transpire as an option for Accrington Stanley in the future. However the current owner David O’Neill has now been in control of the club for the last five or six weeks, and already I am sure that anyone who has had any dealings with the Accrington Stanley in this time will have noticed a change to the way that the club is run and managed. David put a significant sum into the club last summer to in effect keep the club running, and has done so again this summer. I would suggest that it is only fair that David, along with the other major stakeholders and the current management team at the club is allowed to continue to the good work that has been done so far, and to build on this as we look to the future.

We now openly appeal to all who support the club, all who name us as their second team, all who simply look for our result or indeed anyone who simply has a genuine interest in football and would like to see one of the sport’s most famous names continue to progress, to get behind Accrington Stanley and help us to resolve this issue once and for all.

Far from being a story of doom and gloom, I firmly believe that the shorter deadline that we are now working towards will ultimately prove beneficial to the club. Rather than hanging over us for the entire twelve months, a successful fundraising campaign will satisfy the revenue in a much shorter period and enable us to use the £18,000 that we set aside in our budgets to meet the regular monthly payment, together with several larger lump sum payments, to instead continue to strengthen our squad and to develop our ground.

The harder the conflict, the more glorious the triumph. We are Stanley.

cashman · 02-09-2009, 22:02

well after listening to the link ta ken, n reading that statement ta nickleson, ya asking to send in the clowns wynonie, is a little late. THEY ARE ALREADY IN.

Outback Ozzy · 02-09-2009, 22:04

Well that makes me feel better NOT!!!! Stop the pussyfooting around and talk to Ilyas and the ASSF now and get this monkey off our back once and for all. Then and only then can the club think about what to do with the £18k per month that was supposed to pay off the bill. BTW - could it be that the £308k includes payments for this year plus what we owe from previous years.

ukcowboy · 02-09-2009, 22:13

Quote:

Originally Posted by Outback Ozzy

Well that makes me feel better NOT!!!! Stop the pussyfooting around and talk to Ilyas and the ASSF now and get this monkey off our back once and for all. Then and only then can the club think about what to do with the £18k per month that was supposed to pay off the bill. BTW - could it be that the £308k includes payments for this year plus what we owe from previous years.

Or it represents interest charged on the overdue payments..............just a thought.