Re: Administration 3 - now in technicolour : Fri Dec 23, 2016 9:54 pm  

Bulls4 wrote:

I am confused at to what you think the administrator has been doing? Surely the steps you mentioned have been happening albeit slowly.. I have also already said the administrator is working on behalf of the creditors but he is going above his remit. This is the main difference between this admin and the others.

The checks and balances I refer to now is mainly to the creditors meeting and finalising of contracts for signing etc. We know due diligence has taken place.

Anyway I think we are going round in circles. Here's hoping to see some more great Bulls v saints games although you might have to wait a while so we can catch back up.

Absolutely the sooner the better

Re: Administration 3 - now in technicolour : Fri Dec 23, 2016 10:12 pm  

MashPotatoes wrote:

Omg did you really waste 2 minutes typing that ?
The only reason I'm on here is to see this mofo reach 350 pages.

2 minutes to type 4 lines?

What do you type with - your feet?

Re: Administration 3 - now in technicolour : Fri Dec 23, 2016 10:17 pm  

Pumpetypump wrote:

Buy me a buckfast first bawbag.

Ah Buckie - how I miss that sweet nectar!

Re: Administration 3 - now in technicolour : Fri Dec 23, 2016 11:01 pm  

There is no players union.

The administrators have to write to the creditors and inform them of the sale and invite them to a creditors meeting to ratify the sale. They have 14 days to do this from the sale date. The creditors can only block the sale
In exceptional circumstances.

Hope that clears some things up.

Re: Administration 3 - now in technicolour : Sat Dec 24, 2016 12:02 am  

el red wrote:

There is no players union.

The administrators have to write to the creditors and inform them of the sale and invite them to a creditors meeting to ratify the sale. They have 14 days to do this from the sale date. The creditors can only block the sale
In exceptional circumstances.

Hope that clears some things up.

Well on face value you seem to obviously have a touch of inside knowledge. I'm not interested in your source etc but the one thing I do want to know is which club do you support?

Re: Administration 3 - now in technicolour : Sat Dec 24, 2016 1:03 am  

I find it interesting there are over 220 people on this forum at 1am on a Mad Friday! We can't all be boring surely??

Re: Administration 3 - now in technicolour : Sat Dec 24, 2016 1:21 am  

el red wrote:

There is no players union.

The administrators have to write to the creditors and inform them of the sale and invite them to a creditors meeting to ratify the sale. They have 14 days to do this from the sale date. The creditors can only block the sale
In exceptional circumstances.

Hope that clears some things up.

No, the creditors vote, if 75% say "yes" that's t, if they don't then liquidation. Circumstances exceptional or otherwise don't enter into it

Re: Administration 3 - now in technicolour : Sat Dec 24, 2016 1:32 am  

Ferocious Aardvark wrote:

No, the creditors vote, if 75% say "yes" that's t, if they don't then liquidation. Circumstances exceptional or otherwise don't enter into it

So surely that means the creditors will approve this bid as this is the only way they get anything back? Even if the new owners offer 10% of the debt the creditors HAVE to take it otherwise they get nothing if we liquidate?

Re: Administration 3 - now in technicolour : Sat Dec 24, 2016 6:23 am  

A bit of pragmatic optimism from Rohan http://www.thetelegraphandargus.co.uk/s ... _the_wait/

A bit of pragmatic optimism from Rohan http://www.thetelegraphandargus.co.uk/s ... _the_wait/

Re: Administration 3 - now in technicolour : Sat Dec 24, 2016 9:04 am  

Rohan always finds the right things to say. Image if Jinmy was still in charge.