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Post by CountyGroundHotel on Feb 22, 2016 16:28:23 GMT
I'd like them to get new solicitors for very different reasons. I agree, but I think we should be very careful about the law of libel.  Absolutely no libel in my reasons. |
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Post by CountyGroundHotel on Feb 22, 2016 7:42:56 GMT
I'd like them to get new solicitors for very different reasons.
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Post by CountyGroundHotel on Feb 20, 2016 10:32:42 GMT
I've got a nagging feeling we're going to be a feeder team for the jordanian football association. Not sure if im reading to much into this but i think the uwe might be dead in the water, Why would a billionaire want to share a ground with anybody? when he could afford to build a massive complex on somewhere like rolls royce land? and own the whole lot, hotels Restaurants he is in the tourism business after all! looking forward to the future it's certainly going to be interesting!1 Why would a very rich man spend £10-15m buying a site when UWE are providing one for free? |
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Post by CountyGroundHotel on Feb 19, 2016 17:38:42 GMT
Sorry Nailsea I couldnt disagree more. It is vital in my view that we get a top league manager in soon or perhaps at the end of the season. On the assumption that a considerable amount will be put into the playing side we need an experinced person at the helm. Someone who could attract much much better players than we have seen in recent years and develop them into a winning team. Being a bit blunt I suppose but I will be surprised if many of the current squad will be around in a years time. Hopefully there are very different and much better times ahead and I just cannot see Daryl being the man to clear the decks and rebuild the team. Garry Monk anybody (JOKE). Have to disagree you need a good manager who can get you past the level you're at. Sounds like so far the new owners won't be splashing money willy nilly on new players (which I think is right) therefore you need a good manager that knows this level. What would Gary Monk know about good league 1 or 2 players he was looking at premiership quality players. |
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Post by CountyGroundHotel on Feb 19, 2016 10:57:26 GMT
Chris Spittles on Twitter saying he's hearing this is not just an investment but a full takeover with 'virtually all' current Board members walking away and becoming normal 'fans' ... interesting if true! Crap have we got any 'normal' fans? Where do they stand? |
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Post by CountyGroundHotel on Feb 19, 2016 9:24:44 GMT
Oh dear I don't hold out much hope for a result tomorrow, off to the bookies to go large on Morecambe.
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Post by CountyGroundHotel on Feb 19, 2016 9:18:31 GMT
For the love of God cheshiregas let him have the last word!! FWIW you've both made some informative and valid points on this thread, you're just looking at the cause and possible outcome of our precarious financial position in different ways. Let's hope tomorrow brings good news. You are absolutely right bluebeard, he can't answer my question so stoops to name calling. Looks like some interesting news today, be great to see the detail. Have a good one matey. Just following your example |
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Post by CountyGroundHotel on Feb 18, 2016 21:06:00 GMT
Ha, ha, ha what a hypocrite Why where have I said others teams in a similar position are far better than Bristol Rovers or have shining futures.....? No but you've told me twice in this thread what my view on administration is. Seems you don't like it when people tell you what you think. As I said a hypocrite, in denial. |
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Post by CountyGroundHotel on Feb 18, 2016 19:41:04 GMT
Going on your reasoning then 95% of football league clubs are in the same boat,many with debts totalling many times that of Rovers with no assets sufficient to cover same debts,ie Bolton are close to 200 million in debt are you telling me their assets are greater than this,as is BCFC,so perhaps you should stop forecasting the doom laden future for Rovers and shining ones for the rest of the football league I think you are confusing me with someone else. I have been replying to people's comments, if you are not happy with that please feel free to speak to the moderators ~ it's your interpretation. If you want to censor me become a moderator and you are free to do so. I have said that the club continues as a going concern as long as the directors support it. Many clubs are like that and many clubs like Portsmouth keep going through the ringer and getting away with it. Much of football exists on a wing and a prayer but you will find if you look that once HMRC becomes involved it can be a different matter. Our directors have been sensible and kept paying those bills. If you think all is well with the club then I am happy for you. Ha, ha, ha what a hypocrite |
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Post by CountyGroundHotel on Feb 18, 2016 10:01:51 GMT
Good for you Terry, I hope you don't tell them what they are thinking like you have done twice already though. Training teaches us never to disclose anything from any individual calls, even abusive callers have a right to confidentiality.... Having trouble reading Terry? I never asked you to disclose anything & never would, I just 'hoped' you didn't tell callers what they are thinking ie you treat them with more respect than you have done with people on this thread. |
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Post by CountyGroundHotel on Feb 18, 2016 9:58:06 GMT
It is very odd that such a glaring and inexplicable error could be made in the description of shares. As people have said, to go from the original number given to the one shown in here - www.bristolrovers.co.uk/news/article/bristol-rovers-share-correction-2958203.aspx - it is hard to see it as a logical keyboard error or similar. Am I right in believing that Grant Thornton audited these accounts? I mean I can obviously understand Watola making the mistake but was it also audited by GT? If so then they must have put the work experience kid on the job whilst the partners made the mugs of tea! GT can only state the information they have been told.
Why would GT think there was an error in the shareholding, they would not have a clue.
We may find out on Friday where the missing 2.9m shares have disappeared.
No the whole point of an audit is that the auditors have to take suitable steps to prove that the information they have been given is true & accurate. Otherwise there would be no point in having auditors. |
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Post by CountyGroundHotel on Feb 17, 2016 18:27:46 GMT
Obviously Terry you have read my last post as you have mentioned scaremongering but choose to be deliberately obtuse and ignore that I said that the ground & football club could be seperated in the case of administration. The difference in our stances, besides your deliberate obtuseness, is that you won't/can't countenance that administration does not necessairily mean that the ground & football club become seperated, indeed I've shown that the reality is that administration rarely results in them becoming seperated. The actual danger of the ground becoming seperated from the football club is before or after administration. I'd suggest you should become a bit more open minded and countenance a number of possibilities in administration, which I don't personnally believe will happen as it will effectively kill any chance of the shareholders getting any return on their investments. PS: I'd suggest if you are worried by petty sniping on an open forum where people are free to think differently to you probably isn't the best place for you. I have never said that it is obligatory that the ground is separated in Administration I have just stated that it is a possibility. I have no problem with people having a differing opinion and I welcome an open honest debate. You obviously don't agree with that principle as you see my having a differing opinion from you as "often" "scaremongering". But don't worry ~ keep sniping if it helps you. I work with the Samaritans and I have had foul language and abuse thrown down a telephone line that is a thousand times worse than anything anyone can throw on here. Regards Good for you Terry, I hope you don't tell them what they are thinking like you have done twice already though. |
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Post by CountyGroundHotel on Feb 17, 2016 17:05:11 GMT
Interesting if you could point out where I've said that. However if people wanted change and there were 2 consortiums out there change would happen if we went into administration. Using the same leap of faith you used to decide I'm happy for us to go bust I would have to assume (if I was an idiot) that you are happy with how the club is being run, not being an idiot I suspect you aren't happy with how the club is being run. You have tried to convince all and sundry that the ground would not be separated from the club in Administration when the possibility has been raised. You appear comforted therefore that all will be well for the club in the event of Administration. I don't have a problem with that. As for your petty sniping about often scaremongering, I have only been responding to points raised by different posters. I thought you were better than that. Have a nice evening. Obviously Terry you have read my last post as you have mentioned scaremongering but choose to be deliberately obtuse and ignore that I said that the ground & football club could be seperated in the case of administration. The difference in our stances, besides your deliberate obtuseness, is that you won't/can't countenance that administration does not necessairily mean that the ground & football club become seperated, indeed I've shown that the reality is that administration rarely results in them becoming seperated. The actual danger of the ground becoming seperated from the football club is before or after administration. I'd suggest you should become a bit more open minded and countenance a number of possibilities in administration, which I don't personnally believe will happen as it will effectively kill any chance of the shareholders getting any return on their investments. PS: I'd suggest if you are worried by petty sniping on an open forum where people are free to think differently to you probably isn't the best place for you. |
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Post by CountyGroundHotel on Feb 17, 2016 16:32:03 GMT
Having asked the above, the last of many times, Wipe the Seat, astefevas & Irishrover came back with what I can only guess were 7 guesses so top marks to Wipe the Seat who actually guessed a club where in administration the ground & club were actually sold seperately (Exeter), which proves you do learn something everyday. Which only begs the question of why people post opinions as facts when a quick check of the internet will show the truth (the below took all of 15 minutes to find out). And for the pedantics all the above was either taken from the official history of each club or it's wikipedia entry. Huddersfield - Initially, the stadium was owned by a consortium made up of Kirklees Metropolitan Council, Huddersfield Town F.C. and Huddersfield Giants in a 40:40:20 proportion. Following the purchase of Huddersfield Town F.C. from the administrators, Ken Davy became chairman of both sports clubs, which are owned by companies he controls.[3] The present ownership of the stadium is Ken Davy's company, Huddersfield Sporting Pride owns 60% and Kirklees Metropolitan Council 40%. Stockport County – quite clearly from the below Stockport were already tenants before entering administration On 30 April 2009, Stockport County was placed into administration following a battle to repay creditors.[84] This followed a petition by a creditor to repay a loan of around £300,000.[85] The club had also struggled to repay a tax debt of £250,000 to Her Majesty's Revenue and Customs.[86] On 16 December 2009 the team's training ground was put up for sale.[87] On 12 June 2009, Leonard Curtis, administrator of Stockport County Football Club, announced that they had agreed to terms with the Melrose Consortium for the sale of the club.[88] Paul Reeves, one of the joint administrators, commented that, "Whilst a deal has been agreed, it is subject to the Melrose Consortium obtaining landlord approval. This is a positive step to safeguarding the club's future." The Melrose Consortium, consisting of "a group of businessmen with a sporting background" headed by ex Manchester City player Jim Melrose said, "We look forward to developing a fruitful relationship with Sale Sharks and Stockport Metropolitan Borough Council which will provide the basis for a successful future for Stockport County Football Club." County regained sole tenancy of their Edgeley Park stadium for the first time in nine years from the beginning of the2012–13 season, after Sale Sharks relocated for a second time, this time sharing with Salford City Reds at Barton. Exeter City - In 1990 Terry Cooper’s team won the Fourth Division Championship, but the club were back in the bottom Division four years later and facing mounting financial problems which culminated in November 1994, when the club had to appoint Administrators to run their affairs. St James’ Park was sold to Beazer Homes for a figure of around £650,000. Exeter City Council stepped in to buy back the ground from Beazer Homes at the end of the 1995/96 season and then leased it back to the club. Read more at www.exetercityfc.co.uk/club/history/index.aspx#3StcGfeSJqw4RjXA.99 Rotherham - Early in 2006 it was announced that the club faced an uncertain future unless a funding gap in the region of £140,000 per month could be plugged. The problem was compounded as Rotherham had already sold their ground to Ken Booth in return for clearing £3m of debt and had no tangible assets, so administration was not a viable option. Read more at www.themillers.co.uk/club/history/index.aspx#7tBsFlqetxjIpgxR.99 - Early in 2006 it was announced that the club faced an uncertain future unless a funding gap in the region of £140,000 per month could be plugged. The problem was compounded as Rotherham had already sold their ground to Ken Booth in return for clearing £3m of debt and had no tangible assets, so administration was not a viable option. Read more at www.themillers.co.uk/club/history/index.aspx#7tBsFlqetxjIpgxR.99Wrexham - At the start of the 21st century the club was dogged with many problems off the pitch, including then chairman Alex Hamilton, attempting to get the club evicted from the stadium so that he could use and sell it for his own development purposes – the saga involved the sale of the Racecourse Ground to a separate company owned by Hamilton immediately after he became the club's chairman. In the summer of 2004 Hamilton gave the club a year's notice to quit the ground. On 3 December 2004 the club was placed in financial administration by the High Court in Manchester as the club owed £2,600,000, including £800,000 which was owed to the Inland Revenue in unpaid taxes. Wrexham became the first League club to suffer a ten-point deduction under the new rule for being placed in administration, dropping them from the middle of the League One table to the relegation zone after the point deduction, and subsequently condemned Wrexham to relegation. Brentford – no evidence they have ever been in administration! Crystal Palace – Charlton Athletic moved in to the stadium as temporary tenants in 1985, and became with Palace the first league clubs in England to agree such a ground-sharing scheme. The following year, chairman Ron Noades purchased the stadium from the club as a means of raising revenue. When Mark Goldberg bought Crystal Palace, he bought just the club. Former Palace chairman Ron Noades retained ownership of the Selhurst Park ground, having purchased it from the club in 1986. This stay in the Premier League was no more successful than the previous two, and in true yo-yo club fashion the club was relegated back to the First Division for the 1998–99 season. This season also saw the club plunged into administration when owner Mark Goldberg was unable to sustain his financial backing of the club.[19] The club emerged from administration under the ownership of Simon Jordan, and Steve Coppell left the club, replaced by Alan Smith for a second time. Palace chairman Jordan stated that he had completed a purchase of the freehold of Selhurst Park from Altonwood Limited (Ron Noades' company) for £12m in October 2006. However, Simon Jordan never owned the freehold or had any interest in it and his reasons for claiming he had bought it are unknown. Ownership was in fact held by Selhurst Park Limited, a joint venture between HBOS and the Rock property empire owned by Paul Kemsley, a former director of Tottenham Hotspur. In April 2008, a 25-year lease was granted to Crystal Palace at an annual rent of £1.2m. The Rock Group went into administration in June 2009, the management of the freehold was taken on by PwC acting on behalf of Lloyds Bank, which now own HBOS. PwC expected to sell it within two years.[4] The club and Selhurst Park stadium were purchased by the CPFC 2010 consortium in June 2010, leading to the stadium and Football Club being united in a company for the first time since 1998. Jordan was unable to put the club on a sound financial footing after 2008, and in January 2010 the club was once again placed in administration, this time by a creditor. During the close season CPFC 2010, a consortium consisting of several wealthy fans successfully negotiated the purchase of the club. Led by Steve Parish, the vocal representative for a consortium of four that also included Stephen Browett, Jeremy Hosking and Martin Long. Crucially, CPFC 2010 also secured the freehold of the ground, the consortium paying tribute to a fans' campaign which helped pressure Lloyds Bank into selling the ground back to the club. Alright - but this is using quite strict definitions of the timescale involved. Normally a club will have sold it's stadium as part of an attempt to get out of the mess that leads it into administration in the first place. Surely one of the reasons they have ended up in administration is because they have already lost the ability to sell off their major asset in order to keep going. So it that's your point then fair enough. But surely the bigger picture is that in all those examples financial troubles caused the stadium and the club to become detached from each other - which in the case of football clubs is probably more important to their future wellbeing than administration itself. In the case of the way football clubs seem to operate administration has, in the past, barely touched them in the way it would other businesses but the effect of losing control of the ground can hold back/cripple a club for decade. In our case 80 odd years. The question was quite clear, if you were answering a different question well it would help if you made that clear. And the point was to counter the scaremongering of Cheshire (who does this a lot) that administration automatically means that the ground & the club become seperated. Now that's not to say that that wouldn't 9or couldn't) happen but history shows that actually if a football club loses ownership of it's ground it generally happens before or after (which doesn't really support your argument either) administration but not generally because of the actions of an Administrator. Oh and to prove there's a lot of information out there on the internet which I think people avoid in case it proves their opinion wrong. |
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Post by CountyGroundHotel on Feb 17, 2016 14:52:26 GMT
What point are you trying to make? That you were wrong. |
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Post by CountyGroundHotel on Feb 17, 2016 14:51:52 GMT
Having asked the above, the last of many times, Wipe the Seat, astefevas & Irishrover came back with what I can only guess were 7 guesses so top marks to Wipe the Seat who actually guessed a club where in administration the ground & club were actually sold seperately (Exeter), which proves you do learn something everyday. Which only begs the question of why people post opinions as facts when a quick check of the internet will show the truth (the below took all of 15 minutes to find out). And for the pedantics all the above was either taken from the official history of each club or it's wikipedia entry. So you are happy for BRFC to go bust, points deductions, unknown purchasers, etc as history tells us the ground and club will most likely stay together? Interesting Interesting if you could point out where I've said that. However if people wanted change and there were 2 consortiums out there change would happen if we went into administration. Using the same leap of faith you used to decide I'm happy for us to go bust I would have to assume (if I was an idiot) that you are happy with how the club is being run, not being an idiot I suspect you aren't happy with how the club is being run. |
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Post by CountyGroundHotel on Feb 17, 2016 12:17:03 GMT
Faggoty I fully understand that cash and cash flow is king with regard to a company's trading capacity. However BRFC 1883 is not in a liquid cash state even though they have 27,000 in the bank! Its cash flow was only enhanced by further borrowings from MSP and directors bonds... So if you like let's forget for a moment the assets and concentrate on cash. Current Debts total 6.9million** Cash in the bank 27k ~ are you saying we are in a satisfactory position cash wise? Going back to the assets ~ in an Administration assets such as stock, players etc would be virtually worthless. The Mem would be worth whatever the Administrator could get for it and that certainly won't be £30million. I have seen administrations where fixed assets went for a fraction of their potential value. The football club subsidiary (if it could be sold by the Administrators) would only be worth whatever someone would pay for it. 1883 only trades as a going concern because of the support and goodwill of the directors. Do you regard that as a satisfactory position? Regards ** short term debt 2,730; Unsec Loans 1,210; 1yr bonds 923; other loans 457; pref shares (classed as financial liability) 357; 3yr bonds 1,205; total 6,882 I always ask this but any examples of clubs going into administration and the ground & football club being sold separately Having asked the above, the last of many times, Wipe the Seat, astefevas & Irishrover came back with what I can only guess were 7 guesses so top marks to Wipe the Seat who actually guessed a club where in administration the ground & club were actually sold seperately (Exeter), which proves you do learn something everyday. Which only begs the question of why people post opinions as facts when a quick check of the internet will show the truth (the below took all of 15 minutes to find out). And for the pedantics all the above was either taken from the official history of each club or it's wikipedia entry. Huddersfield - Initially, the stadium was owned by a consortium made up of Kirklees Metropolitan Council, Huddersfield Town F.C. and Huddersfield Giants in a 40:40:20 proportion. Following the purchase of Huddersfield Town F.C. from the administrators, Ken Davy became chairman of both sports clubs, which are owned by companies he controls.[3] The present ownership of the stadium is Ken Davy's company, Huddersfield Sporting Pride owns 60% and Kirklees Metropolitan Council 40%. Stockport County – quite clearly from the below Stockport were already tenants before entering administration On 30 April 2009, Stockport County was placed into administration following a battle to repay creditors.[84] This followed a petition by a creditor to repay a loan of around £300,000.[85] The club had also struggled to repay a tax debt of £250,000 to Her Majesty's Revenue and Customs.[86] On 16 December 2009 the team's training ground was put up for sale.[87] On 12 June 2009, Leonard Curtis, administrator of Stockport County Football Club, announced that they had agreed to terms with the Melrose Consortium for the sale of the club.[88] Paul Reeves, one of the joint administrators, commented that, "Whilst a deal has been agreed, it is subject to the Melrose Consortium obtaining landlord approval. This is a positive step to safeguarding the club's future." The Melrose Consortium, consisting of "a group of businessmen with a sporting background" headed by ex Manchester City player Jim Melrose said, "We look forward to developing a fruitful relationship with Sale Sharks and Stockport Metropolitan Borough Council which will provide the basis for a successful future for Stockport County Football Club." County regained sole tenancy of their Edgeley Park stadium for the first time in nine years from the beginning of the2012–13 season, after Sale Sharks relocated for a second time, this time sharing with Salford City Reds at Barton. Exeter City - In 1990 Terry Cooper’s team won the Fourth Division Championship, but the club were back in the bottom Division four years later and facing mounting financial problems which culminated in November 1994, when the club had to appoint Administrators to run their affairs. St James’ Park was sold to Beazer Homes for a figure of around £650,000. Exeter City Council stepped in to buy back the ground from Beazer Homes at the end of the 1995/96 season and then leased it back to the club. Read more at www.exetercityfc.co.uk/club/history/index.aspx#3StcGfeSJqw4RjXA.99 Rotherham - Early in 2006 it was announced that the club faced an uncertain future unless a funding gap in the region of £140,000 per month could be plugged. The problem was compounded as Rotherham had already sold their ground to Ken Booth in return for clearing £3m of debt and had no tangible assets, so administration was not a viable option. Read more at www.themillers.co.uk/club/history/index.aspx#7tBsFlqetxjIpgxR.99 - Early in 2006 it was announced that the club faced an uncertain future unless a funding gap in the region of £140,000 per month could be plugged. The problem was compounded as Rotherham had already sold their ground to Ken Booth in return for clearing £3m of debt and had no tangible assets, so administration was not a viable option. Read more at www.themillers.co.uk/club/history/index.aspx#7tBsFlqetxjIpgxR.99Wrexham - At the start of the 21st century the club was dogged with many problems off the pitch, including then chairman Alex Hamilton, attempting to get the club evicted from the stadium so that he could use and sell it for his own development purposes – the saga involved the sale of the Racecourse Ground to a separate company owned by Hamilton immediately after he became the club's chairman. In the summer of 2004 Hamilton gave the club a year's notice to quit the ground. On 3 December 2004 the club was placed in financial administration by the High Court in Manchester as the club owed £2,600,000, including £800,000 which was owed to the Inland Revenue in unpaid taxes. Wrexham became the first League club to suffer a ten-point deduction under the new rule for being placed in administration, dropping them from the middle of the League One table to the relegation zone after the point deduction, and subsequently condemned Wrexham to relegation. Brentford – no evidence they have ever been in administration! Crystal Palace – Charlton Athletic moved in to the stadium as temporary tenants in 1985, and became with Palace the first league clubs in England to agree such a ground-sharing scheme. The following year, chairman Ron Noades purchased the stadium from the club as a means of raising revenue. When Mark Goldberg bought Crystal Palace, he bought just the club. Former Palace chairman Ron Noades retained ownership of the Selhurst Park ground, having purchased it from the club in 1986. This stay in the Premier League was no more successful than the previous two, and in true yo-yo club fashion the club was relegated back to the First Division for the 1998–99 season. This season also saw the club plunged into administration when owner Mark Goldberg was unable to sustain his financial backing of the club.[19] The club emerged from administration under the ownership of Simon Jordan, and Steve Coppell left the club, replaced by Alan Smith for a second time. Palace chairman Jordan stated that he had completed a purchase of the freehold of Selhurst Park from Altonwood Limited (Ron Noades' company) for £12m in October 2006. However, Simon Jordan never owned the freehold or had any interest in it and his reasons for claiming he had bought it are unknown. Ownership was in fact held by Selhurst Park Limited, a joint venture between HBOS and the Rock property empire owned by Paul Kemsley, a former director of Tottenham Hotspur. In April 2008, a 25-year lease was granted to Crystal Palace at an annual rent of £1.2m. The Rock Group went into administration in June 2009, the management of the freehold was taken on by PwC acting on behalf of Lloyds Bank, which now own HBOS. PwC expected to sell it within two years.[4] The club and Selhurst Park stadium were purchased by the CPFC 2010 consortium in June 2010, leading to the stadium and Football Club being united in a company for the first time since 1998. Jordan was unable to put the club on a sound financial footing after 2008, and in January 2010 the club was once again placed in administration, this time by a creditor. During the close season CPFC 2010, a consortium consisting of several wealthy fans successfully negotiated the purchase of the club. Led by Steve Parish, the vocal representative for a consortium of four that also included Stephen Browett, Jeremy Hosking and Martin Long. Crucially, CPFC 2010 also secured the freehold of the ground, the consortium paying tribute to a fans' campaign which helped pressure Lloyds Bank into selling the ground back to the club. |
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Post by CountyGroundHotel on Feb 16, 2016 20:24:48 GMT
I don't agree. You're confusing capital with cashflow. Cash is what determines a company's trading position. Loss of an asset makes no difference to cashflow position if the asset isn't used to generate cash. As long as the company has cash to pay its debts when they are due (whether through trading, or provided by investors), then it can continue trading.
Loss of an asset does mean that you no longer have that asset to borrow against, but Rovers weren't doing that anyway in this case.
Equally, a company with a perfectly healthy capital position can be forced into administration if it has no cash to pay its creditors.
I don't believe that the league set a maximum loss level in Leagues 1 or 2. Faggoty I fully understand that cash and cash flow is king with regard to a company's trading capacity. However BRFC 1883 is not in a liquid cash state even though they have 27,000 in the bank! Its cash flow was only enhanced by further borrowings from MSP and directors bonds... So if you like let's forget for a moment the assets and concentrate on cash. Current Debts total 6.9million** Cash in the bank 27k ~ are you saying we are in a satisfactory position cash wise? Going back to the assets ~ in an Administration assets such as stock, players etc would be virtually worthless. The Mem would be worth whatever the Administrator could get for it and that certainly won't be £30million. I have seen administrations where fixed assets went for a fraction of their potential value. The football club subsidiary (if it could be sold by the Administrators) would only be worth whatever someone would pay for it. 1883 only trades as a going concern because of the support and goodwill of the directors. Do you regard that as a satisfactory position? Regards ** short term debt 2,730; Unsec Loans 1,210; 1yr bonds 923; other loans 457; pref shares (classed as financial liability) 357; 3yr bonds 1,205; total 6,882 I always ask this but any examples of clubs going into administration and the ground & football club being sold separately |
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Post by CountyGroundHotel on Feb 16, 2016 8:33:03 GMT
So we should see last year's figures showing Nick had some 3 mill more shares? Apparently we may be looking at another of Toni the Till's cut and paste failures and that the shareholdings in 2014-2015 should actually be quite different.... In which case we need new competent auditors. |
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Post by CountyGroundHotel on Feb 15, 2016 22:08:47 GMT
Sorry am I missing something. The accounts do not appear to reflect the percentages, where is the context for the percentages? Continue reading down there are approximately 8.7m issued and paid up shares. |
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