Hall Of Fame
I see voluntary administration as an option when the nasty faceless bank is the big creditor that loses out but when it’s the 3 bears (Goldilocks should have killed the *******s when she had the chance) I don’t see them writing off their own loans to get another clean slate.
Hall Of Fame
True, unless ofcourse they know that there isn't a rats chance in hell that the club can pay back those loans.Originally Posted by Joey_Harper
Hall Of Fame
It’s all in a plan.
They tried to have a shares option, which was not voted through.
These soft loans will be converted into shares as a way of paying off.
Hall Of Fame
At their AGM on Nov 30th there will be a share issues passed which will convert their loans to shares.
Ashley’s votes blocked this last time by about 0.5%.
He’s not around this time to stop it.
Expect positive media spin in the papers on Dec 1st.
Hall Of Fame
"Another"? The old club were liquidated.
Trialist
Yes, so that's the first clean slate...
Hall Of Fame
So how is it possible to get "another" clean slate then. They ceased to exist
Next you will be telling me they will be going bust "again" or away to die "again"
If you think they get "another" clean slate it means you think they deserve to have 5 stars above their badge
Last edited by Pacman1903; 12-11-2017 at 09:28 AM.
Posting Permissions
Reply With Quote