Deleted
Joined: January 1970
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Post by Deleted on Aug 13, 2017 20:44:54 GMT
Legal advice and credit checks have been completed. that probably doesn't cost much and, in my view, probably isn't worth much and, if the debt is subject to completion of the sale of the Mem, probably isn't due. Although if it isn't subject to that, it does explain the charge on the Mem the debts are small amounts of money given the overall scale of things though - a few hundred thousand pounds. I'm struggling to believe that the family/DS would let things topple over for that so my guess is that the creditors have been winding people up, but won't be causing any company to be wound up The debt is nothing to do with the sell of the Mem and has nothing to do with ex directors if that's what you mean. Apparently Nick Higgs is due his final payment next month. Like you, although the companies accounts don't look pretty the family do have the ability to pay if they are willing to loan further amounts and I would be surprised if they didn't pay the debts soon.
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Deleted
Joined: January 1970
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Post by Deleted on Aug 13, 2017 20:46:25 GMT
Legal advice and credit checks have been completed. Did the legal advice suggest there was at least a 60% chance of success? It was said that the directors personally had the ability to pay but the companies credit ratings were poor.
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Post by Curly Wurly on Aug 13, 2017 21:03:17 GMT
that probably doesn't cost much and, in my view, probably isn't worth much and, if the debt is subject to completion of the sale of the Mem, probably isn't due. Although if it isn't subject to that, it does explain the charge on the Mem the debts are small amounts of money given the overall scale of things though - a few hundred thousand pounds. I'm struggling to believe that the family/DS would let things topple over for that so my guess is that the creditors have been winding people up, but won't be causing any company to be wound up The debt is nothing to do with the sell of the Mem and has nothing to do with ex directors if that's what you mean. Apparently Nick Higgs is due his final payment next month. Like you, although the companies accounts don't look pretty the family do have the ability to pay if they are willing to loan further amounts and I would be surprised if they didn't pay the debts soon. Out of interest, and apologies if this has been stated before, but do you know the approx amount of the debt? What specific item or service is it for? Is this just a disgruntled creditor who is threatening the nuclear option because of a disputed payment? Or something more serious?
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Deleted
Joined: January 1970
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Post by Deleted on Aug 13, 2017 21:09:22 GMT
The debt is nothing to do with the sell of the Mem and has nothing to do with ex directors if that's what you mean. Apparently Nick Higgs is due his final payment next month. Like you, although the companies accounts don't look pretty the family do have the ability to pay if they are willing to loan further amounts and I would be surprised if they didn't pay the debts soon. Out of interest, and apologies if this has been stated before, but do you know the approx amount of the debt? What specific item or service is it for? Is this just a disgruntled creditor who is threatening the nuclear option because of a disputed payment? Or something more serious? The case I know of involves the training ground. There has been no dispute raised and the payment is 5 months overdue.
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Post by Feeling The Blues on Aug 13, 2017 21:14:50 GMT
Out of interest, and apologies if this has been stated before, but do you know the approx amount of the debt? What specific item or service is it for? Is this just a disgruntled creditor who is threatening the nuclear option because of a disputed payment? Or something more serious? The case I know of involves the training ground. There has been no dispute raised and the payment is 5 months overdue. It's been posted already that this involves the fencing contractor. Surely this isn't a can't pay situation but a dispute?
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Angas
Joined: May 2014
Posts: 2,067
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Post by Angas on Aug 13, 2017 21:14:58 GMT
Did the legal advice suggest there was at least a 60% chance of success? It was said that the directors personally had the ability to pay but the companies credit ratings were poor. Sorry, I should have added a smiley. I was thinking back to an earlier time. Completely on the wrong track anyway, apparently
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Post by PessimistGas on Aug 13, 2017 21:17:29 GMT
The case I know of involves the training ground. There has been no dispute raised and the payment is 5 months overdue. It's been posted already that this involves the fencing contractor. Surely this isn't a can't pay situation but a dispute? Or won't pay.
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Deleted
Joined: January 1970
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Post by Deleted on Aug 13, 2017 21:22:42 GMT
The case I know of involves the training ground. There has been no dispute raised and the payment is 5 months overdue. It's been posted already that this involves the fencing contractor. Surely this isn't a can't pay situation but a dispute? Them as well.
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Post by Curly Wurly on Aug 13, 2017 21:24:03 GMT
Out of interest, and apologies if this has been stated before, but do you know the approx amount of the debt? What specific item or service is it for? Is this just a disgruntled creditor who is threatening the nuclear option because of a disputed payment? Or something more serious? The case I know of involves the training ground. There has been no dispute raised and the payment is 5 months overdue. Working for a large organisation that doesn't have the best record in prompt payments, I'm surprised we are not flooded by winding up orders for late payment of invoices if this is the benchmark. It seems a bit odd to me that a winding up threat is being made. The creditor must feel as though Dwane sports are not in a position to pay them. Although you only know one case, is the suggestion that there may be more than one affected creditor?
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Post by PessimistGas on Aug 13, 2017 21:34:16 GMT
The case I know of involves the training ground. There has been no dispute raised and the payment is 5 months overdue. Working for a large organisation that doesn't have the best record in prompt payments, I'm surprised we are not flooded by winding up orders for late payment of invoices if this is the benchmark. It seems a bit odd to me that a winding up threat is being made. The creditor must feel as though Dwane sports are not in a position to pay them. Although you only know one case, is the suggestion that there may be more than one affected creditor? What the club want will cost X - Hani is not willing to spend that much.
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Deleted
Joined: January 1970
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Post by Deleted on Aug 13, 2017 21:36:20 GMT
The case I know of involves the training ground. There has been no dispute raised and the payment is 5 months overdue. Working for a large organisation that doesn't have the best record in prompt payments, I'm surprised we are not flooded by winding up orders for late payment of invoices if this is the benchmark. It seems a bit odd to me that a winding up threat is being made. The creditor must feel as though Dwane sports are not in a position to pay them. Although you only know one case, is the suggestion that there may be more than one affected creditor? Apparently so. Let's just hope it's all a blip and they get things sorted soon because the arrival of the new owners was just what the club needed, as long as they truly are in it for the long haul and their intentions are for,the best interest of the club. Swissgas's home work concerns me and I'm keeping an eye out for any further info he discovers.
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crater
Joined: June 2014
Posts: 1,444
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Post by crater on Aug 13, 2017 21:46:25 GMT
My theory is Wael is a big fan of can't pay we'll take it away's Paul Bohill and he's stalling on payment to other parties in the hope of getting a visit from Paul and the inevitable selfie that would follow. The other theory is that Wael wants out to follow his dream of being in a Milli Vanilli tribute band but he's not yet chosen who will be his Vanilli to his Milli...candidates currently in the running are Steve Hammer Time Hamer, Joe 90 and the Bing Bong man
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Post by a more piratey game on Aug 13, 2017 21:58:21 GMT
so it would seem that there may have been a bit of a breakdown within Rovers' management, as well as within UWE's - which might be some sort of explanation as to why UWE were apparently so surprised that Rovers' pulled out
DS sensed that UWE was (maybe at best) wobbly when the verbally agreed deal didn't happen. Since then cash has been keenly rationed
Wael did say something in his first interview, with KB, about 'reasons why creditors hadn't been paid', which I took to mean that there was an element of dispute
But it seems short-sighted to generate this negative publicity - both within the fanbase, and for prospective business partners of Bristol Rovers
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Deleted
Joined: January 1970
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Post by Deleted on Aug 13, 2017 22:47:45 GMT
But why pay approx 300k for nicholls and 100k for sercombe? Why bother with the 5 year deal for dc. WHy build up the u-21 squad and employ extra coaches etc if wael want out? dosnt make sense to me. Most transfer fees are paid over the life of the players contract so on the drip so to speak. As to the answers to your other questions my guess is that there has been a shift of power since the takeover and the commitment to the club isn't how Wael intended. Back to the transfer fees and that rattled creditors who are poised with issuing a winding up order payment isn't made very soon. That threat is possibly why Dwane Sports placed a charge over the stadium recently. "as to answers to your other questions my guess is " So basically your guessing and making up a story about a power shift that is only true if your "guess" is right?
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Deleted
Joined: January 1970
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Post by Deleted on Aug 13, 2017 22:52:21 GMT
Most transfer fees are paid over the life of the players contract so on the drip so to speak. As to the answers to your other questions my guess is that there has been a shift of power since the takeover and the commitment to the club isn't how Wael intended. Back to the transfer fees and that rattled creditors who are poised with issuing a winding up order payment isn't made very soon. That threat is possibly why Dwane Sports placed a charge over the stadium recently. "as to answers to your other questions my guess is " So basically your guessing and making up a story about a power shift that is only true if your "guess" is right? Ok, goodnight.
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Deleted
Joined: January 1970
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Post by Deleted on Aug 13, 2017 23:30:56 GMT
"as to answers to your other questions my guess is " So basically your guessing and making up a story about a power shift that is only true if your "guess" is right? Ok, goodnight. It was a very simple question i though?
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Post by a more piratey game on Aug 13, 2017 23:46:45 GMT
Most transfer fees are paid over the life of the players contract so on the drip so to speak. As to the answers to your other questions my guess is that there has been a shift of power since the takeover and the commitment to the club isn't how Wael intended. Back to the transfer fees and that rattled creditors who are poised with issuing a winding up order payment isn't made very soon. That threat is possibly why Dwane Sports placed a charge over the stadium recently. "as to answers to your other questions my guess is " So basically your guessing and making up a story about a power shift that is only true if your "guess" is right? Well it could be true, but due to a reason completely unconnected with nqss's guess I suppose nowt wrong with him guessing tho, I think. I'd much rather that than people pretending to know things that they don't
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Post by a more piratey game on Aug 13, 2017 23:48:44 GMT
Oh goodie a theory thread, well there appears to be ni chance of a factual thread! It seems not this is the best that we have at present
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Deleted
Joined: January 1970
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Post by Deleted on Aug 14, 2017 0:00:44 GMT
"as to answers to your other questions my guess is " So basically your guessing and making up a story about a power shift that is only true if your "guess" is right? Well it could be true, but due to a reason completely unconnected with nqss's guess I suppose nowt wrong with him guessing tho, I think. I'd much rather that than people pretending to know things that they don't With this situation i prefer facts than guesswork. The club has been much better under wael in my view so im prepared to accept the UWE was not in our interests. 5 years from now or less all the doubters and guessers might be right but i bloody well hope they are not.
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Post by CountyGroundHotel on Aug 14, 2017 12:20:21 GMT
Out of interest, and apologies if this has been stated before, but do you know the approx amount of the debt? What specific item or service is it for? Is this just a disgruntled creditor who is threatening the nuclear option because of a disputed payment? Or something more serious? The case I know of involves the training ground. There has been no dispute raised and the payment is 5 months overdue. Surely as the training ground is owned by Dwane Sports they'll be the ones facing court action? Or is the football club paying to enhance an asset they don't own?
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