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Tealeaf · 28-10-2009, 22:22

OK folks....maybe now it is time to say my piece, other than report on today's events. I stopped commenting on the financial predicament about a week or ten days ago because it became pretty obvious by then that there were serious underlying problems with what HMRC or accountants would term the "ongoing viability of a company". in other words, can the company(club) break even or reach profitability in the medium/long term? The answer, with ASFC under the current ownership -is, in my opinion, no.

The game was given away when the club announced the B share issue...the last grasp of the drowning man. No voting rights...almost certainly no dividend...just possibly a capital gain to be made should the said share, togeather with tickets and shirt - still in their presentation box - be sold on ebay as a collectors item in a few years time. That of course, rests on the assumtion that a kit manufacturer would be prepared to supply ASFC on terms other than cash up front. Knowing Stanley's status under winding-up petition, would any sensible company even prepare to supply ASFC? I think not.

Anyway, thats it for me tonight...too much excitement for one day.

28-10-2009, 22:22	#118
Tealeaf God Member Join Date: Jan 2004 Location: Paradise Lost Posts: 7,220 Liked: 11 times Rep Power: 4266	Re: Court case for Accrington Stanley OK folks....maybe now it is time to say my piece, other than report on today's events. I stopped commenting on the financial predicament about a week or ten days ago because it became pretty obvious by then that there were serious underlying problems with what HMRC or accountants would term the "ongoing viability of a company". in other words, can the company(club) break even or reach profitability in the medium/long term? The answer, with ASFC under the current ownership -is, in my opinion, no. The game was given away when the club announced the B share issue...the last grasp of the drowning man. No voting rights...almost certainly no dividend...just possibly a capital gain to be made should the said share, togeather with tickets and shirt - still in their presentation box - be sold on ebay as a collectors item in a few years time. That of course, rests on the assumtion that a kit manufacturer would be prepared to supply ASFC on terms other than cash up front. Knowing Stanley's status under winding-up petition, would any sensible company even prepare to supply ASFC? I think not. Anyway, thats it for me tonight...too much excitement for one day. Last edited by Tealeaf; 28-10-2009 at 22:29.