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jaysay 30-05-2009 13:51
Re: Winding up proceedings
 
Quote:
Originally Posted by derekgas (Post 717725)
That's the key Jaysay, April comes at the end of my busiest time of the year, this time of year, in a recession, is very very tough.
It certainly is derek especially if, like Stanley your totally reliant on the general public to raise money to pay your debts, Stanley's main problem as and will always be getting bodies through the turnstiles every home match

Morecambe_Red 30-05-2009 19:05
Re: Winding up proceedings
 
speaking with my other hat on (an accountant when not supporting the Shrimps) it would seem from looking at the figures that the admitted debt of circa £300,000 for P.A.Y.E. must be around a full years liability.
P.A.Y.E. is payable on the 19th of each month for P.A.Y.E. and NI up to the 5th of that month.
In other words the alarm bells should have been ringing in your treasurers dept sometime last year when it must have been obvious that a huge liability was starting to accrue.

Tin Monkey 30-05-2009 20:13
Re: Winding up proceedings
 
I don't think anyone is denying that this is the result of an accumulation of debt over a period of time. Club officials have said that an agreement was made with the Inland Revenue last year to repay outstanding money, but due to the collapse of Fraser Eagle and lower than expected gates, that agreement was not upheld by Stanley.

lancsdave 30-05-2009 22:22
Re: Winding up proceedings
 
Quote:
Originally Posted by glasgow guy (Post 717675)
why should I pay money to help bail someone out who cant do their job properly...did we all want to pay an extra £1 to the woolies staff or other local companies when they were closing their doors..nope...would you expect to have people pay you a £1 if you made a proper hash of something.. probably not..
In some ways you are comparing apples and pears. If a town has a major football club ( lets face it Stanley are one of the top 90 clubs in the country ) then the benefits to the local economy a football club can bring can't easily be measured. However if a local football club wants the town to rally round it and support it, then it needs the local community to beleive that club is of the same mind. I think I've just inadvertently answered the question why people of the town don't support the club as much as the club would like them to, without the need for further comment.:rolleyes:

derekgas 31-05-2009 07:39
Re: Winding up proceedings
 
The debts would have mounted over a period of time, but to stop this, ASFC would have two options, get the money from somewhere?? Or make everyone redundant, and pull out of the league, I would think the second option could possibly have incurred more costs than the current debt.

Oggy 31-05-2009 12:55
Re: Winding up proceedings
 
Nothing new to add, and TM did a good job on transribing Eric's interview, but all 7 mins. available at: BBC SPORT | Football | My Club | A | Accrington | Accrington face winding-up order , altough I expect most of you will have heard it by now.

VALAIRIAN 31-05-2009 13:22
Re: Winding up proceedings
 
Quote:
Originally Posted by Oggy (Post 717918)
Nothing new to add, and TM did a good job on transribing Eric's interview, but all 7 mins. available at: BBC SPORT | Football | My Club | A | Accrington | Accrington face winding-up order , altough I expect most of you will have heard it by now.
Cheers for that Oggy :) Other than the seats bit - we have known about it for long enough - a frank and honest interview, just hope that most of what he said transpires.......

Redraine 31-05-2009 17:38
Re: Winding up proceedings
 
Quote:
Originally Posted by VALAIRIAN (Post 717922)
Cheers for that Oggy :) Other than the seats bit - we have known about it for long enough - a frank and honest interview, just hope that most of what he said transpires.......
Yes, but again no questioning by the interviewer as to why Mr Khan is being excluded. Maybe it was a precondition of Eric's that this was a no-go area. But why?

Bagpuss 31-05-2009 18:16
Re: Winding up proceedings
 
Quote:
Originally Posted by Redraine (Post 717993)
Yes, but again no questioning by the interviewer as to why Mr Khan is being excluded. Maybe it was a precondition of Eric's that this was a no-go area. But why?
Perhaps Willie Miller would like to ask Eric this question, I've tried under different names but no response, maybe because I'm only a moaning fan.:(

VALAIRIAN 31-05-2009 18:19
Re: Winding up proceedings
 
Quote:
Originally Posted by Redraine (Post 717993)
Yes, but again no questioning by the interviewer as to why Mr Khan is being excluded. Maybe it was a precondition of Eric's that this was a no-go area. But why?
Good point Redraine :) The issue re Ilyas is one of those thing's that people have their own view's on I am afraid :confused: I personally have no idea why anybody would not talk to someone who love's the club, has money to put in and on top of eveything else, is already a shareholder????????? Sorry but that one has me beat....

VALAIRIAN 31-05-2009 19:02
Re: Winding up proceedings
 
Quote:
Originally Posted by fc:stanley (Post 713188)
Gives the Ultras praise!

Oatcake Fanzine - Accrington Stanley Ultras!

Superb!!! :theband: :D:D


The thought of this not being is unthinkable....:(:(:(

Wynonie Harris 31-05-2009 19:15
Re: Winding up proceedings
 
Posting from an internet cafe somewhere in downtown Lima and there´s a cold beer waiting for me in the bar next door, so I´ll make this brief...

Can somebody PLEASE ask Eric why the hell he´s not talking to a well intentioned fan who wants to put 250,000 into the club. At this moment in time, it seems absolutely suicidal, that he´s continuing to ignore Ilyas. Like everyone else on here, I love my football club and I want to see it survive by any means possible. Come on, someone, put Eric on the spot ASAP! Sorry if that makes me a moaner, Jase!

Hasta la vista. :cool:

Bagpuss 31-05-2009 20:31
Re: Winding up proceedings
 
I'd love to know what the players think of Eric refusal to talk to Ilyas Khan and the current situation, some are out of contract tomorrow maybe one or two could post on here, we know they read our message board.

Tin Monkey 31-05-2009 20:34
Re: Winding up proceedings
 
I'm just in the process of typing out an email to the Sports Editor of Radio Lancashire (Gary Hickson) to ask him to find out what the situation is with Ilyas and his attempts to contact the club. Hopefull this will trigger something, but if not, then we'll know for certain that there some kind of news embargo on this issue.

cmonstanley 31-05-2009 21:14
Re: Winding up proceedings
 
is it just a straight £250,000 or are there terms and conditions:confused: we dont know about.

Doug 31-05-2009 22:23
Re: Winding up proceedings
 
I don't know. but I'd gladly wipe Erics arse if he'd accept the money and let us all move forward...........

Revived Red 01-06-2009 09:00
Re: Winding up proceedings
 
Having been away over the weekend, I've had time to reflect and I'm only just catching up on the various posts. So, for what they are worth, herewith my latest thoughts.

1. About Eric's interview, the cost of the extra seats should have been budgeted over the three years we have been in the League. The club has always known (or should have known) the rules. Was it pinning its faith on a strange belief that somehow the Football League would bend its rules?

2. Still relating to that interview, we should not forget that the loss of revenue from Fraser Eagle's shirt sponsorship was the responsibility of the club. The club had assumed that the deal was longer than in fact it was.

3. Why has the club for so long ignored other possible income streams? This messageboard has been full of excellent ideas, especially from Macca.

4. What will the players be thinking? Those considering new contracts are hardly likely to put pen to paper in present circumstances. Those still under contract are more likely to look for offers from other clubs.

5. Elsewhere it has been noted that a potential sponsor has been put off by the betting scandal. I wonder if the reason, more specifically, was the scandal itself - or rather the club's handling of it.

6. This is the most crucial point. If Eric Whalley has brought us to this situation, how can he be expected to get us out of it? As many others have said, the accumulation of the debt would have been deliberate. Why was no action taken earlier? How can it be possible for action to be taken now that could not have been taken, say 6 months ago?

Revived Red 01-06-2009 09:05
Re: Winding up proceedings
 
It was an unfortunate banner ad at the top of the page when I posted my previous message. It read "Closing your company? - Free liquidation advice.:confused:

churchman phil 01-06-2009 11:09
Re: Winding up proceedings
 
Quote:
Originally Posted by Redraine (Post 717993)
Yes, but again no questioning by the interviewer as to why Mr Khan is being excluded. Maybe it was a precondition of Eric's that this was a no-go area. But why?
Ever thought of the reason Eric may not like the bloke in any way shape or form?

JEFF 01-06-2009 11:37
Re: Winding up proceedings
 
Quote:
Originally Posted by Tin Monkey (Post 717803)
I don't think anyone is denying that this is the result of an accumulation of debt over a period of time.
I think Eric is denying this. He has always said that he would keep the club in the black and never let it get into debt and never allow things to get like they were in 1962. Well, surprise, surprise - we have been in trouble for over a year, but he has still been lying to us. How does he expect to sell the club and how much must he be asking. What is the club worth? If Eric sells his 56% for £1, whoever buys it will have to pay the debt of aroung £400,000. So Eric's 56% will have cost the buyer £400,001, this would put the value of the club at around £700,000. I don't think so.

The only thing a buyer gets is the seats, the concrete and the steelwork which make up the ground plus the name 'Accrington Stanley'. How much does anybody realistically think that Eric's 56% is worth.

I have heard that if he does manage to sell the club he is intends getting involved with Clitheroe Fotball Club, but i don't know if there is any truth in the rumour or not.

Nickelson 01-06-2009 11:46
Re: Winding up proceedings
 
The reason Eric wont sell is this - Preston and Leyland Citizen - NON LEAGUE SOCCER: Khan fury over Stanley response and if he thought the club was worth around the 750,000 mark ten years ago. Imagine what he is demanding now.

JEFF 01-06-2009 12:02
Re: Winding up proceedings
 
Quote:
Originally Posted by Nickelson (Post 718166)
The reason Eric wont sell is this - Preston and Leyland Citizen - NON LEAGUE SOCCER: Khan fury over Stanley response and if he thought the club was worth around the 750,000 mark ten years ago. Imagine what he is demanding now.
"
Quote:
Despite the fact that I only asked Mr Whalley whether it was 'worth talking about his shares' he proceeded to tell me that he thought his shares were worth £750,000 and that, if I was able to offer him this amount, he would happily sell.
He didn't think that the club was worth around the £750,000 mark - he thought his then 60% was worth that, thus making the club worth £1.25 million. The man lives in cloud cuckoo land.

expatriate 01-06-2009 12:19
Re: Winding up proceedings
 
Hello Chaps.

Just in terms of the mini-debate going on about the past, I thought it would be useful to let you know that just over a year ago I sat down opposite Mr Whalley in the ASFC offices. He offered to sell his shares for £1million, valuing the club at over £2million. You wont be surprised to hear that I politely refused his very kind offer and wished him luck on his quest to sell his shares. It is clear that he has been trying to sell for a while now, and, for what its worth, I do believe that Mr O Neil was a genuine possible buyer before things broke down. I do not have any confirmed facts about the price or the conditions, so I do not know and cannot comment on why Mr O Neil's offer fell away. I can confirm that if Mr O Neil's offer would have included creating further indebtedness, I would have opposed the deal.

Also, switching to the present time, I do not know what value Mr Whalley ascribes to his shares now, nor do I have a very clear view of the value that any independent auditor would attach to the club. However, I do know that the club needs capital - and fresh equity capital "with no strings attached" (ie not debt, or future recievable funding or some sort of funny promissory note). I assume that Mr Whalley's interests and the club's interest diverge at this point since Mr Whalley will want the maximum amount of cash going into his pocket, whilst the club needs cash going into its till to be able to not only pay off creditors but keep a reserve for players and ground improvements.

I do not have any idea about how the club or Mr Whalley might finance their way out of the current situation, and I clearly wish them luck, but I reiterate that I have no interest in buying anyone's shares. My interests are to maximise the cash inflow to the club.

Also, to all those who follow this board, I can confirm that the club finally DID contact me directly this morning. I repeated and clarified my position, including the fact that I cannot and will not be able to run the club, but that I can think of others who would do a great job if Mr Whalley were to move aside in the event that the club were to issue more shares, and if Mr Whalley were not to subscribe to that share issue then if his shares became less than 56%.

Also, finally, I will be in Accrington on Friday and would extend an open invitation to anyone who wishes to meet to talk about the club, including the fighting fund or anything else, at 5.30pm at my family home at Stanhill Hall. I am an absolute believer in transparency of action and of intent, so anyone who wants to come along is welcome. Its not a press event or a time for speeches, but just a chance for all of us who hold ASFC dear to meet and maybe even come up with ideas that can bridge the gap. We must not let the club fall. that is the bottom line. I am the first to acknowledge the success that the club has enjoyed whilst Mr Whalley was in charge, but my focus now is the present, not the past.

Ilyas
(monday june 1st 1.20pm)

Nickelson 01-06-2009 12:34
Re: Winding up proceedings
 
Ilyas, thanks for replying to this thread and clarifing your postion within the club. Although the local rag (or indeed regional rag) use this site to quote you, so i wouldnt be suprised if you find parts of that post within the paper. As others have indeed.

Stanley hit by winding-up order - Accrington Stanley FC - Football - Sport - Accrington Observer

I think i speak on the vast majority of fans in saying, we would love you to own the club as you come across as a 100% genuine fan. Not a John Batchelor or Uri Geller. Although i agree that a million pounds is a totally unreasonable valuation for the club. The whole takeover embargo is starting to further drag the club down in both financial and fan relationships.

JEFF 01-06-2009 12:47
Re: Winding up proceedings
 
Quote:
Originally Posted by expatriate (Post 718171)
and if Mr Whalley were not to subscribe to that share issue then if his shares became less than 56%.
That is probably what he is afraid of. If his shareholding became less than 50% he would have to hold board meetings to make decisions and may even get out voted on occasions. A thing that he wouldn't like.

churchman phil 01-06-2009 15:26
Re: Winding up proceedings
 
So basically Eric's holding out for a fortune he won't get and will thus drag the club down to it's demise....

slerpy 01-06-2009 15:31
Re: Winding up proceedings
 
Quote:
Originally Posted by expatriate (Post 718171)
Hello Chaps.

Just in terms of the mini-debate going on about the past, I thought it would be useful to let you know that just over a year ago I sat down opposite Mr Whalley in the ASFC offices. He offered to sell his shares for £1million, valuing the club at over £2million. You wont be surprised to hear that I politely refused his very kind offer and wished him luck on his quest to sell his shares. It is clear that he has been trying to sell for a while now, and, for what its worth, I do believe that Mr O Neil was a genuine possible buyer before things broke down. I do not have any confirmed facts about the price or the conditions, so I do not know and cannot comment on why Mr O Neil's offer fell away. I can confirm that if Mr O Neil's offer would have included creating further indebtedness, I would have opposed the deal.

Also, switching to the present time, I do not know what value Mr Whalley ascribes to his shares now, nor do I have a very clear view of the value that any independent auditor would attach to the club. However, I do know that the club needs capital - and fresh equity capital "with no strings attached" (ie not debt, or future recievable funding or some sort of funny promissory note). I assume that Mr Whalley's interests and the club's interest diverge at this point since Mr Whalley will want the maximum amount of cash going into his pocket, whilst the club needs cash going into its till to be able to not only pay off creditors but keep a reserve for players and ground improvements.

I do not have any idea about how the club or Mr Whalley might finance their way out of the current situation, and I clearly wish them luck, but I reiterate that I have no interest in buying anyone's shares. My interests are to maximise the cash inflow to the club.

Also, to all those who follow this board, I can confirm that the club finally DID contact me directly this morning. I repeated and clarified my position, including the fact that I cannot and will not be able to run the club, but that I can think of others who would do a great job if Mr Whalley were to move aside in the event that the club were to issue more shares, and if Mr Whalley were not to subscribe to that share issue then if his shares became less than 56%.

Also, finally, I will be in Accrington on Friday and would extend an open invitation to anyone who wishes to meet to talk about the club, including the fighting fund or anything else, at 5.30pm at my family home at Stanhill Hall. I am an absolute believer in transparency of action and of intent, so anyone who wants to come along is welcome. Its not a press event or a time for speeches, but just a chance for all of us who hold ASFC dear to meet and maybe even come up with ideas that can bridge the gap. We must not let the club fall. that is the bottom line. I am the first to acknowledge the success that the club has enjoyed whilst Mr Whalley was in charge, but my focus now is the present, not the past.

Ilyas
(monday june 1st 1.20pm)
Ilyas, Just one question , how much are you prepared to put into the fighting fund ?

Nickelson 01-06-2009 15:46
Re: Winding up proceedings
 
Quote:
Originally Posted by slerpy (Post 718207)
Ilyas, Just one question , how much are you prepared to put into the fighting fund ?
He has already spoken on here saying he is prepared to put £200,000 in providing new shares are released.

JEFF 01-06-2009 16:20
Re: Winding up proceedings
 
I believe that Eric has 51.14% of the shares, David Andrew Styring has 14.59% of the shares, I. Khan has 12.05% of the shares, and Peter Marsden has 10% of the shares. They are the four major shareholders, the rest are minor shareholders the largest being O. Lucas with 1.06%.

Have we heard anything from David Andrew Styring or Peter Marsden ?

maccawozzagod 01-06-2009 16:44
Re: Winding up proceedings
 
Quote:
Originally Posted by JEFF (Post 718214)
David Andrew Styring has 14.59% of the shares,
presumably Terry Styrings son?

Bagpuss 01-06-2009 17:07
Re: Winding up proceedings
 
Quote:
Originally Posted by churchman phil (Post 718206)
So basically Eric's holding out for a fortune he won't get and will thus drag the club down to it's demise....
That is how I see it as well.:mad:

Outback Ozzy 01-06-2009 18:44
Re: Winding up proceedings
 
Quote:
Originally Posted by Nickelson (Post 718211)
He has already spoken on here saying he is prepared to put £200,000 in providing new shares are released.
Ilyas actually upped his offer to a quarter of a million just after the press release of the winding up order so that means if that money were to be used to appease the taxman etc, the club would only have to find £125,000 for the remainder of the debt. Time for Eric to swallow his pride and ask for help from Ilyas and others.

fatgaz182 01-06-2009 18:55
Re: Winding up proceedings
 
ERIC NEEDS TO SWALLOW HIS PRIDE AND GET MORE PEOPLE ON BOARD.

3-5 people investing £200,000 and thats wages covered for the year so gate reicepts and sponsership can be spent on others things:confused:

derekgas 01-06-2009 19:07
Re: Winding up proceedings
 
It would be interesting to know what, if anything, Eric has taken from the club in terms of lining his own pocket, if he has not taken anything from the club, then I could understand a little more why he wants so much for his shares, also, if the other shareholders have taken money from the coffers, this could explain the silence from them, I was always given to understand that Eric had the clubs best interests at heart, and had used a considerable amount of his own money on the club, I havnt heard much in that direction this week, and sympathise with supporters who are obviously very concerned for Accrington Stanley.

maccawozzagod 01-06-2009 19:12
Re: Winding up proceedings
 
Quote:
Originally Posted by expatriate (Post 718171)
Also, finally, I will be in Accrington on Friday and would extend an open invitation to anyone who wishes to meet to talk about the club, including the fighting fund or anything else, at 5.30pm at my family home at ...
get t'kettle on cocker :)

slerpy 01-06-2009 19:30
Re: Winding up proceedings
 
Quote:
Originally Posted by Nickelson (Post 718211)
He has already spoken on here saying he is prepared to put £200,000 in providing new shares are released.
That is NOT a CONTRIBUTION to the FIGHTING FUND, I am not familiar with the state school system but as an example your understanding is woeful.

VALAIRIAN 01-06-2009 19:53
Re: Winding up proceedings
 
Quote:
Originally Posted by Revived Red (Post 718136)
Having been away over the weekend, I've had time to reflect and I'm only just catching up on the various posts. So, for what they are worth, herewith my latest thoughts.

1. About Eric's interview, the cost of the extra seats should have been budgeted over the three years we have been in the League. The club has always known (or should have known) the rules. Was it pinning its faith on a strange belief that somehow the Football League would bend its rules?

2. Still relating to that interview, we should not forget that the loss of revenue from Fraser Eagle's shirt sponsorship was the responsibility of the club. The club had assumed that the deal was longer than in fact it was.

3. Why has the club for so long ignored other possible income streams? This messageboard has been full of excellent ideas, especially from Macca.

4. What will the players be thinking? Those considering new contracts are hardly likely to put pen to paper in present circumstances. Those still under contract are more likely to look for offers from other clubs.

5. Elsewhere it has been noted that a potential sponsor has been put off by the betting scandal. I wonder if the reason, more specifically, was the scandal itself - or rather the club's handling of it.

6. This is the most crucial point. If Eric Whalley has brought us to this situation, how can he be expected to get us out of it? As many others have said, the accumulation of the debt would have been deliberate. Why was no action taken earlier? How can it be possible for action to be taken now that could not have been taken, say 6 months ago?
On point No 2 Revived Red, I think - And I may be wrong, if so I apologise now :o - that the money lost fom F.E. is for the Stadium naming, not for the shirts and as F.E. have gone bust we will most likely not see a penny :(

As for post No 1 you are bang on the money, we have known for years. The rest of your points are also quite correct, though I do not know enough about some of the points in No 6 . All in all a sensible post...

Nickelson 01-06-2009 20:21
Re: Winding up proceedings
 
Quote:
Originally Posted by slerpy (Post 718266)
That is NOT a CONTRIBUTION to the FIGHTING FUND.
I quote from another thread where Ilyas spoke of a fighting fund....

Quote:
I am ready to lead the way with at least £250,000. And you can quote me on that.
Quote:
, I am not familiar with the state school system but as an example your understanding is woeful.
For your information i have left state education. However one could think your understanding is woeful also. :)

glasgow guy 01-06-2009 20:35
Re: Winding up proceedings
 
Quote:
Originally Posted by Nickelson (Post 718275)
I quote from another thread where Ilyas spoke of a fighting fund....





For your information i have left state education. However one could think your understanding is woeful also. :)

I dont think this is the place for bickering to be honest,
and Ilyas has to be thanked for coming on here and posting quite a frank, open and honest post regarding what alot of people have been thinking and talking about.
its good to read from the other page..

Nickelson 01-06-2009 21:04
Re: Winding up proceedings
 
I wasn't, i placed a smiley after my post. ;) (cheers for the karma btw.) :)

Yes Ilyas indeed provides us with info from the other side, compared to other sources. Him and SouthernRed have forged a strong link with the fans via this messageboard. Onceagain thank you Ilyas.

Bagpuss 01-06-2009 21:11
Re: Winding up proceedings
 
Quote:
Originally Posted by Nickelson (Post 718281)
Him and SouthernRed have forged a strong link with the fans via this messageboard.
I'd like Southern Red to have an input into what's going on at the moment, but I understand he may like to stay out of it.

Grimps 01-06-2009 21:36
Re: Winding up proceedings
 
i lov erick thanks 4 -10 start or kick out down to uinbond prm or north pay up thats all and stop monning its you club as you keep saying

Revived Red 01-06-2009 21:47
Re: Winding up proceedings
 
Quote:
Originally Posted by VALAIRIAN (Post 718273)
On point No 2 Revived Red, I think - And I may be wrong, if so I apologise now :o - that the money lost fom F.E. is for the Stadium naming, not for the shirts and as F.E. have gone bust we will most likely not see a penny :(
Thanks, Valairian. To be honest, I did wonder about that. But I discounted the possibility because I reckoned that the stadium sponsorship money for this season would have been paid already at the start of the season so would not affect the debt. But it was announced at the time that the income from the Combined Stabilisation shirt sponsorship would be far less than that expected from Fraser Eagle. So that would certainly affect this season's income.

In fact, we simply do not know. If it was indeed stadium sponsorship that was being referred to, one wonders how this was paid. Annually? At the start or end of the season? On 1 January? Or monthly? Again, all unknown. Well, unknown to me anyway.

fatgaz182 01-06-2009 21:56
Re: Winding up proceedings
 
Speaking of winding up orders, just to remind peoples whats gone on over here in the past few weeks.

Final bid to save Darwen FC fails after High Court hearing (From Lancashire Telegraph)


134 Years of History ended over £22,000

Oggy 02-06-2009 01:52
Re: Winding up proceedings
 
Just to clear up what was lost from Fraser Eagle in May 2008, from t'fishy site - The ground will continue to be known as the Fraser Eagle Stadium for the next three years, however the value to the club is less than 40% of the original six figure deal per year.
Full article -http://www.accringtonstanley.co.uk/index.php?main=news/archive.php (then find May 2008)

Agree with all of your points, btw, RR.

Outback Ozzy 02-06-2009 09:25
Re: Winding up proceedings
 
Well, is this not typical of our illustrious (and I use the word advisably) chairman and board of directors. Since the news broke, NOT A PEEP apart from Expatriate who has made offers to the club and no reply. HOW RUDE of them. C'mon swallow your pride and listen to what the supporters and Ilyas have to say and what the club are being offered!!

:confused::confused::confused::confused::confused: :confused::mad::mad::mad::mad::mad:

JEFF 02-06-2009 09:59
Re: Winding up proceedings
 
Quote:
Originally Posted by Outback Ozzy (Post 718311)
C'mon swallow your pride and listen to what the supporters and Ilyas have to say and what the club are being offered!!
I think that is where the problem lies. It is the CLUB that is being offered help not Eric. If we have a share issue then the money raised goes to the club and Eric still has his original shares unsold. What Eric would rather have is somebody come in and buy his shares then the money would go into his back pocket, but the club would still be in trouble. If we go down the road that Ilyas suggests Eric will still have his shares but would probably not be the major shareholder or be in sole control of the club. Decisions would have to be made by a vote and not just by him. I don't think he would like that, but at least the CLUB would benefit finacially by a share issue. As Ozzy says it is time for Eric to listen to what Ilyas is saying or his shares will end up being worth NOTHING.

churchman phil 02-06-2009 11:05
Re: Winding up proceedings
 
Could EW not do as the Wrexham Chairman has done and pay the debt via an interest free loan from his own coffers??

BBC SPORT | Football | My Club | W | Wrexham | Wrexham reveals nearly £1m losses

mab 02-06-2009 11:24
Re: Winding up proceedings
 
Accrington Stanley look to friendlies to boost funds Lancashire Telegraph - Accrington Stanley 09:48
http://www.newsnow.co.uk/FGB.gifAccrington Stanley’s tax debt lifeline

churchman phil 02-06-2009 12:31
Re: Winding up proceedings
 
So where did the money from the game against Burnley go last year then?? eg. If it was used to pay wages but this year it's going to the Taxman then where does the wage money come from??
Sounds a little like snubbing Peter to pay Paul!

Tin Monkey 02-06-2009 13:17
Re: Winding up proceedings
 
Quote:
Originally Posted by fatgaz182 (Post 718288)
134 Years of History ended over £22,000
I think this sums it all up. I bet the majority of people on here didn't even know that Darwen had gone, mainly because it's of no interest to them. Some may think it's sad, but most won't care.

Who really cares if Stanley goes to the wall again? A relatively small number of fans, but a mere drop in the overall ocean.

shakermaker 02-06-2009 14:01
Re: Winding up proceedings
 
Quote:
Originally Posted by churchman phil (Post 718324)
Sounds a little like snubbing Peter to pay Paul!
Literally.

Doug 02-06-2009 15:41
Re: Winding up proceedings
 
Quote:
Originally Posted by Tin Monkey (Post 718328)
Who really cares if Stanley goes to the wall again? A relatively small number of fans, but a mere drop in the overall ocean.
The sickening part is your right, very few will care and that’s what ****s me off. Back in 1962 the world changed and apart for a few who believed in Stanley’s rebirth the grief was far to much for most people, those that did care many would never believed that it could or would happen again.

Eric Whalley was part of that rebirth and he along with others give us our pride back, now it would appear that greed, stupidity or sheer arrogance will turn the tide and bring that darkness back over Accrington’s Football Club.

The stupidity of it is that Eric must know that the longer this goes on the less likely he will be at ever recovering the thousands he’s put in over the years. If he were to put aside his arrogance and work with the few that again have raised the Standard to fight to keep Accrington Stanley Alive not only would he recover and gain financially but he will regain the admiration and backing of a faithful and enduring fan base, if he fails to listen, if he fails to act he’ll have no honour, no support and nothing to rebuild a future on, because although only a few will give a ****, everybody will know who’s fault it was…..

maccawozzagod 02-06-2009 16:49
Re: Winding up proceedings
 
ACCRINGTON RECEIVE TAX REPRIEVE | Coca Cola League 2 Football Transfer News, Football News, Fixtures, Results, Match Reports, Stats

apparently the latest according to some website other than ours

Bagpuss 02-06-2009 18:06
Re: Winding up proceedings
 
Quote:
Originally Posted by Doug (Post 718351)
Eric Whalley was part of that rebirth and he along with others give us our pride back, now it would appear that greed, stupidity or sheer arrogance will turn the tide and bring that darkness back over Accrington’s Football Club.

The stupidity of it is that Eric must know that the longer this goes on the less likely he will be at ever recovering the thousands he’s put in over the years. If he were to put aside his arrogance and work with the few that again have raised the Standard to fight to keep Accrington Stanley Alive not only would he recover and gain financially but he will regain the admiration and backing of a faithful and enduring fan base, if he fails to listen, if he fails to act he’ll have no honour, no support and nothing to rebuild a future on, because although only a few will give a ****, everybody will know who’s fault it was…..
Thing is Doug that Eric Whalley thinks he is bigger than Accrington Stanley, in fact I bet he thinks he is Accrington Stanley. When really we all know he is clinging on to power with the sole intention of lining his own pocket.
As Jeff said earlier in the thread, issue some new shares the money would go to Stanley, which will dilute Whalleys 51.14% holding. The new shares could then be bought up until Whalleys % is 49% then he could be voted out as chairman and his shares would be virtually worthless, ha ha.

yerself 02-06-2009 18:18
Re: Winding up proceedings
 
http://newsimg.bbc.co.uk/media/image...tanley_512.jpg

Would You Buy A Used Car (or Football Club) From This Man?

fatgaz182 02-06-2009 20:43
Re: Winding up proceedings
 
Quote:
Originally Posted by yerself (Post 718391)
http://newsimg.bbc.co.uk/media/image...tanley_512.jpg

Would You Buy A Used Car (or Football Club) From This Man?
No:D

Outback Ozzy 03-06-2009 09:20
Re: Winding up proceedings
 
Quote:
Originally Posted by yerself (Post 718391)
http://newsimg.bbc.co.uk/media/image...tanley_512.jpg

Would You Buy A Used Car (or Football Club) From This Man?
out of order this post. Read the post from Ilyas in speaking up to EW.
I am no fan of Eric or a supporter of him. I like others would have preferred him to keep his word and leave the club when we got promotion to the FL as he said he would. However, you cannot deny the good things that have happened during his tenure. Love him or hate him, this is no time for a witch hunt.

JEFF 03-06-2009 09:32
Re: Winding up proceedings
 
Quote:
Originally Posted by Outback Ozzy (Post 718527)
out of order this post. Read the post from Ilyas in speaking up to EW.
I am no fan of Eric or a supporter of him. I like others would have preferred him to keep his word and leave the club when we got promotion to the FL as he said he would. However, you cannot deny the good things that have happened during his tenure. Love him or hate him, this is no time for a witch hunt.
Nobody is denying the good things Eric has done for Stanley in the past but it is the present and future that are important at the moment and at the present he is not doing good things for Stanley. In the Telegraph today it states that the end of season money from the Football League will probably go towards paying the tax man. If this is the case, where is the money coming from for the day to day running of the club? Eric says that Stanley will not go into administration. If the club went into administration now they wouldn't receive the end of season pay out which is due in June, but once the end of season payment is received who is to say that he won't put the club into administration. The year end accounts up to 31st May 2008 should have been lodged at Companies House by 31st March 2009 and they still haven't been lodged. The club will probably be getting fined for this. Why can they not just put the accounts in an envelope and send them in? All this just for the cost of a stamp. The club is being run like a Unibond club, run by amateurs who are out of their depth. It's time for Eric to cut his losses and get this share issue done and relinquish his total control of the club. At least then the Directors will be able to vote and make decisions.

churchman phil 03-06-2009 11:51
Re: Winding up proceedings
 
Like I said earlier, robbing Peter to pay Paul.....

fatgaz182 03-06-2009 17:01
Re: Winding up proceedings
 
Quote:
Originally Posted by Outback Ozzy (Post 718527)
out of order this post. Read the post from Ilyas in speaking up to EW.
I am no fan of Eric or a supporter of him. I like others would have preferred him to keep his word and leave the club when we got promotion to the FL as he said he would. However, you cannot deny the good things that have happened during his tenure. Love him or hate him, this is no time for a witch hunt.

I was talking about the car:p

depechemodemute 03-06-2009 17:48
Re: Winding up proceedings
 
What a happy bunch . Nothings changed on here I see . I too would like the share option and take Mr Khans cash but also think we are a very small fish , just like macclesfield , and would have been better off staying in the conf as a top half team . We are not going to get promoted with the present set up and even though we have improved each season , it has been minor and we cant live of loan players .

Kiwi John 03-06-2009 18:22
Re: Winding up proceedings
 
STRANGE...if the club are in such a periolous position, how come they aren't flogging last seasons remaining stock online? I would've thought they would be having an 'End of Season' sale ?. I can understand not promoting 'Player Sponsorship', but what about all other forms of fundraising-'Buy the House' bookings for next season etc.? Looking at the clubs website certainly gives me the impression that there's nothing amiss and everything is OK (HM Customs post apart.) Surely a business 'On to it' would be exploring every fundraising avenue availiable.???.
Puzzled.

VALAIRIAN 03-06-2009 18:22
Re: Winding up proceedings
 
From the L.E.T. article tonight.... Posted by U.K. Cowboy....

Chairman Eric Whalley has revealed that he spoke to Khan on Monday but, asked whether Stanley are capable of surviving without accepting Khan’s money, he said: “We can survive without anyone’s money.

"It’s not a vendetta, it’s just a case of going forward.”

Just hope Eric is right, but who think's he is?????:confused::confused:

slerpy 03-06-2009 20:36
Re: Winding up proceedings
 
Eric said that he is 99% certain that we will still be here next season. If the 1% becomes a real possibility he must vow to issue more shares. In other words He will do WHATEVER is necessary to ensure the club's future, which might be different to looking after his own interests.

lancsdave 03-06-2009 20:45
Re: Winding up proceedings
 
Quote:
Originally Posted by VALAIRIAN (Post 718653)
"It’s not a vendetta, it’s just a case of going forward.”
I was puzzled by that, what does he mean ?

VALAIRIAN 03-06-2009 21:11
Re: Winding up proceedings
 
Quote:
Originally Posted by lancsdave (Post 718687)
I was puzzled by that, what does he mean ?
I can only assume he (Eric) means that he (Eric) has no vendetta against Ilyas.... The link to the story - if you have not already read it - has been posted by U.K. Cowboy. :):)

lancsdave 03-06-2009 21:26
Re: Winding up proceedings
 
Quote:
Originally Posted by VALAIRIAN (Post 718692)
I can only assume he (Eric) means that he (Eric) has no vendetta against Ilyas.... The link to the story - if you have not already read it - has been posted by U.K. Cowboy. :):)

I'd already read it before the link was put on. I was puzzled by the word vendetta and thought it was an odd choice of words, and still am :D

mab 03-06-2009 21:40
Re: Winding up proceedings
 
So what fund's have the club got then if we dont need help..ie season ticket money may be in the reigon of £50k more depending on amount sold..the bond draw say £5k awk.prize money for league possition..£30k Stanley get for Birmngham getting promoted,the payment off the league to see the club through the closs-season think it was around£100kwith assets frozzen and the pfa helping pay wages how can we not need help..thoughts please..

shakermaker 04-06-2009 02:06
Re: Winding up proceedings
 
Quote:
Originally Posted by VALAIRIAN (Post 718653)
From the L.E.T. article tonight.... Posted by U.K. Cowboy....

Chairman Eric Whalley has revealed that he spoke to Khan on Monday but, asked whether Stanley are capable of surviving without accepting Khan’s money, he said: “We can survive without anyone’s money.

"It’s not a vendetta, it’s just a case of going forward.”

Just hope Eric is right, but who think's he is?????:confused::confused:
Let's get this straight.

While in the Conference, Eric said openly on more than one occasion that he does not have the financial clout to make Stanley survive/prosper in the Football League. Eric didn't step aside upon promotion. We now have outstanding debt of around £300,000 to the Inland Revenue.

Eric still thinks that the club "can survive without anyone's money" and "go forward".

Eric... wtf? What do you want to be remembered for?

Redraine 04-06-2009 08:31
Re: Winding up proceedings
 
Quote:
Originally Posted by VALAIRIAN (Post 718653)
From the L.E.T. article tonight.... Posted by U.K. Cowboy....


"It’s not a vendetta, it’s just a case of going forward.”
Doublespeak. A case of mouth being engaged before brain.:o

ukcowboy 04-06-2009 11:00
Re: Winding up proceedings
 
Quote:
Originally Posted by Redraine (Post 718744)
Doublespeak. A case of mouth being engaged before brain.:o
No change there then!

Reamer 04-06-2009 12:09
Re: Winding up proceedings
 
Club to have new meeting with HMRC - Friday . see fishy

Bradshaw Boy 04-06-2009 12:17
Re: Winding up proceedings
 
the old make a 400 mile round trip to London for a Friday afternoon meeting ploy

Outback Ozzy 04-06-2009 12:26
Re: Winding up proceedings
 
Love the last line on the updated fishy site quote "the club would like to thank all persons who have given messages of support" unquote (or words to that effect). What a load of sh!te. The club have turned their collective noses up to offers of help so how the hell are they going to prove to HMRC they can keep up with repayments this time, if they have already reneged on them once before.

C'MON Eric - swallow your pride, let the fans help out our beloved club - and it is OUR club, you are only the figurehead with the most shares. Get out with some dignity, not as the chairman that took us into oblivion for the second time in less than 50 years.

JEFF 04-06-2009 12:33
Re: Winding up proceedings
 
Looks like Eric is determined to stay in charge and keep control of the club until somebody buys his shares and he lines his pockets.

lancsdave 04-06-2009 15:54
Re: Winding up proceedings
 
Quote:
Originally Posted by shakermaker (Post 718719)
Eric still thinks that the club "can survive without anyone's money" and "go forward".
It's a strange and mysterious world in the land of football finance. Stanley owe 300K to the taxman but don't need any money, I support a team who have just won 60 million and they want me to lend them just short of £500 next week until August :confused:

VALAIRIAN 04-06-2009 16:27
Re: Winding up proceedings
 
Quote:
Originally Posted by lancsdave (Post 718695)
I'd already read it before the link was put on. I was puzzled by the word vendetta and thought it was an odd choice of words, and still am :D
Did not realise you had read it already Lancsdave :o As for "Vendetta" one can only assume that Eric is refering to the other refusal's of acceptance (Not too sure about my grammer?) but reading some paper articles and some of Ilyas's posts there has been more than this occasion that Eric has refused help. Maybe it will have to go down as yet another of the un-answered :confused:

Who thinks it ironic that the club will sit down to discuss this matter before Ilyas on Friday ??? :eek: :)

Tommy McQueen 04-06-2009 18:25
Re: Winding up proceedings
 
Just heard the interview on Radio Lanc's, with Rob Heys. He would not answer the question as to why the Club have refused to sit down and talk with Ilyas, even though he was offering a large sum of money for a new share issue. Rob flustered and blustered all round the subject, and kept repeating everyone is working together.( I don't think so.)They the Club or namely E.W has no intention of accepting the offer of assistance from Ilyas. In my mind because E.W. will lose control if a new share issue is given, he will only have a small percentage of total shares,56,000 of possibly 350.000, or maybe more if the new share issue was taken up by other fans could possibly get to 550.000. then E.W. would onle have a 10% holding. That in my opinion is why he will not go for a new share issue, but he will never admit to that.

Bagpuss 04-06-2009 18:34
Re: Winding up proceedings
 
If Whalley goes then Rob Heys has to go too, IMHO another who is out of his depth with running a FL club.

Bagpuss 04-06-2009 18:44
Re: Winding up proceedings
 
Quote:
Originally Posted by expatriate (Post 718171)
I will be in Accrington on Friday and would extend an open invitation to anyone who wishes to meet to talk about the club, including the fighting fund or anything else, at 5.30pm at my family home at Stanhill Hall. I am an absolute believer in transparency of action and of intent, so anyone who wants to come along is welcome. Its not a press event or a time for speeches, but just a chance for all of us who hold ASFC dear to meet and maybe even come up with ideas that can bridge the gap. We must not let the club fall. that is the bottom line. I am the first to acknowledge the success that the club has enjoyed whilst Mr Whalley was in charge, but my focus now is the present, not the past.
I don't know if I can offer anything but to show my support for the future of Accrington Stanley I will do my best to be there, hope one or two others can make it.:)

Kiwi John 04-06-2009 18:46
Re: Winding up proceedings
 
Good luck with the meeting everyone. Hope it goes well. Sorry I can't make it :)

maccawozzagod 04-06-2009 18:47
Re: Winding up proceedings
 
thats probably quite harsh on Rob Heys Bagpuss.

IMHO whatever happens in the next few months I personally would let everybody carry on with their jobs with a chance to prove their worth with the shackles off.

It has been alluded to many times in the past that they are all doing their jobs with their hands tied.

Tommy McQueen 04-06-2009 18:57
Re: Winding up proceedings
 
Sorry I won't be able to make it on Friday Ilyas but I am on holiday in Wales at the moment, but can still recieve Radio Lanc's. Hope everything goes well,and I'll be there in spirit.

K.S.H 04-06-2009 19:08
Re: Winding up proceedings
 
Quote:
Originally Posted by Bagpuss (Post 718859)
I don't know if I can offer anything but to show my support for the future of Accrington Stanley I will do my best to be there, hope one or two others can make it.:)
I would but I'm working :mad: :mad:

Bagpuss 04-06-2009 19:22
Re: Winding up proceedings
 
Quote:
Originally Posted by maccawozzagod (Post 718861)
thats probably quite harsh on Rob Heys Bagpuss.

IMHO whatever happens in the next few months I personally would let everybody carry on with their jobs with a chance to prove their worth with the shackles off.

It has been alluded to many times in the past that they are all doing their jobs with their hands tied.
Yes I suppose so but I can only make a judgement off what I see and hear. I was not impressed with his handling of the Junior Eagles this season. When I questioned his judgement once before someone defended him by saying "he's a fan who used to stand with us on the terraces", so what, a lot of us are fans and stand on the terraces but that wouldn't make us good Chief Executives.

Sorry Rob but IMHO that's the first negative thing you have posted on accyweb, clean sweep and give me the brush.

Bagpuss 04-06-2009 19:23
Re: Winding up proceedings
 
Quote:
Originally Posted by Kiwi John (Post 718860)
Good luck with the meeting everyone. Hope it goes well. Sorry I can't make it :)
Hope you have a good excuse.:D

lancsdave 04-06-2009 20:16
Re: Winding up proceedings
 
Quote:
Originally Posted by Bagpuss (Post 718881)
Hope you have a good excuse.:D

Course he has an excuse...... he's a part timer :D

Tin Monkey 04-06-2009 21:11
Re: Winding up proceedings
 
Quote:
Originally Posted by Tommy McQueen (Post 718847)
Just heard the interview on Radio Lanc's, with Rob Heys. He would not answer the question as to why the Club have refused to sit down and talk with Ilyas, even though he was offering a large sum of money for a new share issue. Rob flustered and blustered all round the subject, and kept repeating everyone is working together.
Looks like my email to Gary Hickson worked then. It's about time someone in the media asked that question.

carpon 04-06-2009 21:56
Re: Winding up proceedings
 
Quote:
Originally Posted by Tommy McQueen (Post 718847)
the Club or namely E.W has no intention of accepting the offer of assistance from Ilyas. In my mind because E.W. will lose control if a new share issue is given, he will only have a small percentage of total shares,56,000 of possibly 350.000, or maybe more if the new share issue was taken up by other fans could possibly get to 550.000. then E.W. would onle have a 10% holding.
And IF the club did go under beceause of E.W.'s reluctance to part with his control over the club, just how much exactly will his precious shares be worth then ????:confused:

Answers on a postcard to........???:rolleyes:

Surely E.W. doesn't think you need to be Stephen Hawkins to work that one out !!!

fc:stanley 04-06-2009 22:47
Re: Winding up proceedings
 
Did anyone go tonight? It was tonight wasnt it?! :updown:

Tin Monkey 05-06-2009 05:37
Re: Winding up proceedings
 
Quote:
Originally Posted by carpon (Post 718913)
Surely E.W. doesn't think you need to be Stephen Hawkins to work that one out !!!
It's Stephen Hawking.

The meeting is tonight. Can anyone confirm the actual location of the meeting? I don't know Oswaldtwistle very well.


I see Liverpool are having a few debt problems too. Apparently the interest alone on their debts is in excess of £36 million. Kind of puts our debt in context. ;)

Reamer 05-06-2009 07:41
Re: Winding up proceedings
 
All the top four PL clubs have massive debts. Liverpool at £300m to Chelsea at over £700m. At the same time, the same four clubs have the highest salary expenditure. On Stanley On

loweiy 05-06-2009 07:48
Re: Winding up proceedings
 
F A O Tin Monkey and others who are attending tonight :-
"The meeting will be held at Stanhill Hall, which is on Stanhill Road, right opposite the memorial gardens. The post code is BB5 4PP"

its just down the road on the left from the stanhill pub

hope this is of some help

loweiy

maccawozzagod 05-06-2009 08:37
Re: Winding up proceedings
 
Quote:
Originally Posted by loweiy (Post 718952)
its just down the road on the left from the stanhill pub
but only if you are coming from Blackburn side :) other than that its just before the pub on the right if coming from accy:p

AccyMad 05-06-2009 09:31
Re: Winding up proceedings
 
I'll be there tonight, when folk like Jack Barrett are saying in the paper how worried they are that really worries me. Haven't got any money to pledge but am willing to offer my support and help in any way I can.

Stanleymad 05-06-2009 10:09
Re: Winding up proceedings
 
I wont be able to make it as working, bit early eve for me but wants the best for the club, so hate to miss out for those of us who cant make it can rest of us be informed as to the outcomes or actions put forward:D

derekgas 05-06-2009 10:13
Re: Winding up proceedings
 
Jimmy Bell has just been quoted as saying 'A number of Accrington Stanleys players have refused to commit themselves to the club following last weeks news', it also says that he has told the players that ' the club are confident everything will be ok', sounds like the players are in the dark as much as the fans are.

Stanleymad 05-06-2009 10:17
Re: Winding up proceedings
 
Quote:
Originally Posted by derekgas (Post 718978)
Jimmy Bell has just been quoted as saying 'A number of Accrington Stanleys players have refused to commit themselves to the club following last weeks news', it also says that he has told the players that ' the club are confident everything will be ok', sounds like the players are in the dark as much as the fans are.
Thats not surprising, only person that knows whats going on is eric, maybe one or 2 of his close colleagues, but wont be the management in fear they will give notice maybe, cant blame the players, they have to look after their own interests too, as many of us would be reluctant to do owt given uncertainty within their employer.

derekgas 05-06-2009 10:26
Re: Winding up proceedings
 
Hopefully, after the meeting with HMRC, Eric will make a statement and lay some of the uncertainty to rest, then people can maybe move forward positively.


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