Winding up proceedings - Page 6

Tin Monkey · 29-05-2009, 18:12

Quote:

Originally Posted by Mr Matthew

Who in Accrington would realisticlly not be happy to pay this.

I may be wrong, but I'd suspect that there'd be uproar if this happened. Sad, but true.

VALAIRIAN · 29-05-2009, 18:13

Judging by the attendances, quite a few...

Redash · 29-05-2009, 18:17

Quote:

Originally Posted by Mr Matthew

Now is the time for the council to act.

An extra £1 a month for a year on Council Tax should cover a large part of this. Who in Accrington would realisticlly not be happy to pay this.

99% of the population.

Bagpuss · 29-05-2009, 18:19

Quote:

Originally Posted by Tin Monkey

Eric says he's devastated and affects him personally.

the extra money needed to put the seats in, etc.

"he'll still be there too".

He doesn't think that O'Neil will take over the club

He finished by complaining that the club was still paying Cav and Rocky, which he begrudges as he expects one of them to be banned for life.

1/ Too right it does now everybody knows what he's been hiding, there is no way he will get the nest egg he wants.

2/ Blame the seats again, everybody knew about those for 3 years but once again it's ignore it until we can't anymore.

3/ Oh no, Oh no, Oh no, god help us.

4/ I believe as mentioned in another thread this was never a real option.

5/ The season ended weeks ago why give them a contract beyond the season end, bad business once again.

Tin Monkey · 29-05-2009, 18:25

Quote:

Originally Posted by Bagpuss

5/ The season ended weeks ago why give them a contract beyond the season end, bad business once again.

It's quite normal for contracts to run until the end of May or the 1st June. What if we'd have been in the play-offs?

slerpy · 29-05-2009, 18:28

The way to improve the situation is for UNITY and up the attendance next season , even if you have to abduct someone'n release them at 5pm on Saturdays.

Bagpuss · 29-05-2009, 18:37

Quote:

Originally Posted by Tin Monkey

It's quite normal for contracts to run until the end of May or the 1st June. What if we'd have been in the play-offs?

Ha Ha, point taken.

cmonstanley · 29-05-2009, 19:34

this is sad news, but is it a master stroke by eric and co only time will tell ?if its not questions need to be asked,and how much the betting scandals have affected sponsorship anybody who was involved need to be ejected from the club as no player is bigger than the club .this is time to be ruthless,this is the time to prove to league, sponsors and the media that club was in no way involved and will not tolerate anybody connected to the club being involved ..

KiTChener · 29-05-2009, 21:54

I wonder if Russel's 200k gambling losses have anything to do with all this??

Ok, Mods, if this is libellous, please delete!!!!

Willie Miller · 29-05-2009, 23:06

Quote:

Originally Posted by Bagpuss

Because that's the way it works at Stanley, head in the sand...............

I know everyone is getting heated cause they care, but Bagpuss, you never ever ever have a good word to say about Stanley......

Does it feel like Xmas day or something, now you got something BIG to maon about

Willie Miller · 29-05-2009, 23:06

Quote:

Originally Posted by KiTChener

I wonder if Russel's 200k gambling losses have anything to do with all this??

Ok, Mods, if this is libellous, please delete!!!!

nope just stupid

lindsay ormerod · 30-05-2009, 00:42

My opinion, (for what it's worth) is that all our actions are too little too late, we all knew in our hearts that the club was in dire financial straits, hell, Eric tried to offload it on David LLoyd a fortnight ago down at Accy Cricket Club, saw it with my own eyes. The powers that be have ignored offers of help for their own foolish reasons, if the club goes down the pan you can all lay the blame fairly and squarely on massive mismanagement, and that all rests with one person, he who holds the purse strings, a debt of 300,000 doesn't just "appear" from nowhere.

lindsay ormerod · 30-05-2009, 00:48

Oh and I am not gonna stand another quid on my council tax because someone can't balance their books. What works in my (single parent cash strapped) household is , you haven't got it, you don't spend it.....

Oggy · 30-05-2009, 01:56

Well, it's a bit late now, but the Inland Revenue as main creditor has been really bothering me. A few have quoted examples whereby a club reaches an arrangement to pay off the debt, (Grimsby and Rochdale), but after searching the net this seems to have been done to stave off a winding up order, although I could be wrong.

However Eric's piece on Radio Lancashire showed that such an arrangement was made at the start of last season, and payments were not kept up. It is on this basis that the club is being taken to court, and could be liable to additional costs.

An Accrington statement says total debts are under £400,000 - meaning that the taxman, as majority creditor, would veto any potential CVA as is their usual intention should the club go into Administration. (Bulls News). This seems to be backed up by Luton's plight, Luton Town - Luton: 2020 dilemma , which gives various scenarios of clubs entering administration.

Maybe others were already aware of all this, maybe my interpretation is off the mark, but it seems even worse than I thought.
Time for bed.

Haggis316 · 30-05-2009, 08:56

The other issue not so far considered is the leases ie the ground and The Crown. Obviously I have no idea whether they say this but under many modern leases the mere presentation of a winding up petition would be a ground for the landlord to seek repossession and forfeiture of the lease.