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Obadiah

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6475 posts
First used 09/01/17

#31
20/12/2018 at 08:02

Administration will result in the Allams being disqualified to act as company directors if they've asset stripped the club to reduce their debt. I expect both essexgull and Richard Cheatham to be writing letters of compliant after what they've written on here. Of course any City supporter could do likewise.

https://www.gov.uk/government/publication s/reporting-misconduct-by-companies-direc tors-and-bankrupts-to-the-insolvency-serv ice/reporting-misconduct-by-companies-dir ectors-and-bankrupts-to-the-insolvency-se rvice

An administrator would require guaranteed fees and that would have to come from the Allams. Especially as all the wages, outstanding transfer fees and other football debts have to be paid in full. Either from income (unlikely) or from the buyer.

I would say Ehab running the club for at least the next 5 years is more likely than administration.

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Obadiah

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6475 posts
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#32
20/12/2018 at 09:40

Administration will result in the Allams being disqualified to act as company directors if they've asset stripped the club to reduce their debt. I expect both essexgull and Richard Cheatham to be writing letters of compliant after what they've written on here. Of course any City supporter could do likewise.

https://www.gov.uk/government/publication s/reporting-misconduct-by-companies-direc tors-and-bankrupts-to-the-insolvency-serv ice/reporting-misconduct-by-companies-dir ectors-and-bankrupts-to-the-insolvency-se rvice

An administrator would require guaranteed fees and that would have to come from the Allams. Especially as all the wages, outstanding transfer fees and other football debts have to be paid in full. Either from income (unlikely) or from the buyer.

I would say Ehab running the club for at least the next 5 years is more likely than administration.

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Obadiah

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6475 posts
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#33
20/12/2018 at 14:44

Administration will result in the Allams being disqualified to act as company directors if they've asset stripped the club to reduce their debt. I expect both essexgull and Richard Cheatham to be writing letters of compliant after what they've written on here. Of course any City supporter could do likewise.

https://www.gov.uk/government/publication s/reporting-misconduct-by-companies-direc tors-and-bankrupts-to-the-insolvency-serv ice/reporting-misconduct-by-companies-dir ectors-and-bankrupts-to-the-insolvency-se rvice

An administrator would require guaranteed fees and that would have to come from the Allams. Especially as all the wages, outstanding transfer fees and other football debts have to be paid in full. Either from income (unlikely) or from the buyer.

I would say Ehab running the club for at least the next 5 years is more likely than administration.

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essexgull

8980 posts
First used 12/01/17

#34
20/12/2018 at 15:23

It's tedious for the other 4 readers as we are repeating ourselves a lot. Administration could result in disqualification, it also could not. This matter would be argued over by the prosecution and Alan`s defence. Alan may fancy his chances.

Alan has asset-stripped and closed down an ailing company before, without being disqualified, it isn't beyond the realms of possibility that he will do it again.

It's always been about the money with Alan. With all championship clubs losing money, barring those that have a few sales each season, he's hardly going to sanction paying the X amount a month to keep it running once the source has run dry. They detest the club, its supporters and don't attend... Why would he keep it for 5 more years when it's no longer profitable.

I think you're letting dogma dictate your prediction.


ESSEX GULL  

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Driff_Tiger

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8426 posts
First used 09/01/17

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Hull City

#35
20/12/2018 at 16:30

Quote Quote by potential on 20/12/2018 at 00:00
Pay a quid to start pumping £100 000 a week in? I won't be in any queue for that bargain.

If everything is trousered, parachute payments and transfer fees, then yes, a quid sounds about right.

Administration and business genius CV nobody tells me how to run my business seem somewhat incongruent, but it does look a real possibility.

Yes to the good times. I feel for the family with two young kids, who looked about the right age to have been at Wembley the first time, and be there for the last one. All good times, and now this mess. Mind you they probably can't afford it now.


The irony if they put the club into administration! #bestrunclub #gift

If it isn't sold soon then January will be a blood bath. They are not prepared to lose money. They will sell whatever they can to get money into their account, and to reduce slash the wage bill as low as they realistically can. Our recent upturn in form and position in the table is a double-edged sword, for which we will likely pay the price post-January.

I don't see it being sold now. I'll be amazed if the above doesn't unfold.  

The fish rots from the head #AllamOut 

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Obadiah

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6475 posts
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#36
20/12/2018 at 16:34

Quote Quote by essexgull on 20/12/2018 at 15:23
It's tedious for the other 4 readers as we are repeating ourselves a lot. Administration could result in disqualification, it also could not. This matter would be argued over by the prosecution and Alan`s defence. Alan may fancy his chances.

Alan has asset-stripped and closed down an ailing company before, without being disqualified, it isn't beyond the realms of possibility that he will do it again.

It's always been about the money with Alan. With all championship clubs losing money, barring those that have a few sales each season, he's hardly going to sanction paying the X amount a month to keep it running once the source has run dry. They detest the club, its supporters and don't attend... Why would he keep it for 5 more years when it's no longer profitable.

I think you're letting dogma dictate your prediction.


ESSEX GULL


As there are only 4 other readers I'll make this simple. Its crystal clear that you know fuck all about disqualification nor administration.

They will keep it for 5 years or more if, as you say, there are no buyers, or only buyers who have no money.

Your partly right, it is about money but also about not losing face. He wants as much of his money back as he can get, but writing off loans of £40 million or more will make him look silly.

The club has very little debt other than to Allamhouse. He gains nothing from paying an administrator to sell it. Absolutely nothing.

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RichardCheatham - City AFC

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7356 posts
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#37
20/12/2018 at 23:32

Let’s have this discussion sometime in Feb.

As much as I lament about the Gulls eating ethics, from what is written, I think he does know about administration. There is more chance of us getting promotion this season than the Allams being disqualified as directors. 

Bunkers Hill - See you in the next life 

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Obadiah

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6475 posts
First used 09/01/17

#38
21/12/2018 at 08:52

Quote Quote by RichardCheatham - City AFC on 20/12/2018 at 23:32
Let’s have this discussion sometime in Feb.

As much as I lament about the Gulls eating ethics, from what is written, I think he does know about administration. There is more chance of us getting promotion this season than the Allams being disqualified as directors.



You may only think but I know he knows fuck all about administration.

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charon-the-ferryman

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3634 posts
First used 09/01/17

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Hull City

#39
21/12/2018 at 14:39

Quote Quote by Obadiah on 20/12/2018 at 16:34


but writing off loans of £40 million or more will make him look silly.




to be fair - looking silly has never stopped him in the past 

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NationalTiger

Administrator
First used 09/01/17

Group
Hull City

#40
21/12/2018 at 14:44

Gull, do you know about administration? 

Now then... 

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essexgull

8980 posts
First used 12/01/17

#41
21/12/2018 at 15:24

Quote Quote by NationalTiger on 21/12/2018 at 14:44
Gull, do you know about administration?


I know about avoiding being disqualified from being a director.

Yes, there are rules in theory, which Obadiah has read. There are also thousands of incidents where those rules have been bent and argued over legally and successfully thwarted. Name a British billionaire and I shall show you an asset-stripped company put into administration, whilst successful companies and personal wealth operate under the same umbrella. I just don't think it is as black or white as the good Obadiah makes out.

And whilst we're getting into it, I believe his recent use of profane language diminishes his argument.


ESSEX GULL  

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RichardCheatham - City AFC

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7356 posts
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#42
21/12/2018 at 17:11

Quote Quote by RichardCheatham - City AFC on 20/12/2018 at 23:32
Let’s have this discussion sometime in Feb.

As much as I lament about the Gulls eating ethics.....


Predictive text blooper. I meant to write “betting ethics” of course. I assume Gull knows how to use a fork and spoon.

Bunkers Hill - See you in the next life 

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RichardCheatham - City AFC

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7356 posts
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#43
21/12/2018 at 17:14

Quote Quote by Obadiah on 21/12/2018 at 08:52



You may only think but I know he knows fuck all about administration.


Incorrect. He has articulated sufficient to demonstrate he does understand it well enough.  

Bunkers Hill - See you in the next life 

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Obadiah

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6475 posts
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#44
21/12/2018 at 19:19

Quote Quote by RichardCheatham - City AFC on 21/12/2018 at 17:14


Incorrect. He has articulated sufficient to demonstrate he does understand it well enough.


To you he may have to me he hasn't. 

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Obadiah

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6475 posts
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#45
21/12/2018 at 19:23

Quote Quote by essexgull on 21/12/2018 at 15:24


I know about avoiding being disqualified from being a director.

Yes, there are rules in theory, which Obadiah has read. There are also thousands of incidents where those rules have been bent and argued over legally and successfully thwarted. Name a British billionaire and I shall show you an asset-stripped company put into administration, whilst successful companies and personal wealth operate under the same umbrella. I just don't think it is as black or white as the good Obadiah makes out.

And whilst we're getting into it, I believe his recent use of profane language diminishes his argument.


ESSEX GULL



Nothing is black or white, just shades of grey.

However the number of crooked directors you know who have avoided disqualifiction doesn't mean you know anything about administration.

Why would the Allams pay over a million pounds to sell the company for peanuts when they can do it themselves for free? Its a simple question and for any one who knows anything about administration easy to answer.
64 posts. < 1 2 3 4 5 > Show 15 30 50