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Did Jacks go bust ????

Tue Nov 26, 2013 9:55 pm

Did jacks go into receivership, in the past if yes. Were they deducted points, also how much money did they owe?
Did they ever pay the money back ???
We came close though. But glad we never :)

Re: Did Jacks go bust ????

Tue Nov 26, 2013 10:25 pm

Yes they did
Creditors paid off x amount in the pound(forget how much)
Some investors got nothing.
Don't think think the points penalty was in place then.

Re: Did Jacks go bust ????

Tue Nov 26, 2013 10:34 pm

Bluetwin wrote:Yes they did
Creditors paid off x amount in the pound(forget how much)
Some investors got nothing.
Don't think think the points penalty was in place then.


I remember it well. Almost brought the city to it's knees. My own Grandma was one of the worst hit. As an 86 year old pensioner, she had a knock on the door one day from a man in a long dark coat who advised her that it would be a great investment for her if she handed all her pension money into Swansea City. He said it would earn her a fortune for her loved ones after she was gone. Poor bugger got 25p back! :laughing6:

Re: Did Jacks go bust ????

Tue Nov 26, 2013 11:21 pm

Cool Running wrote:Did jacks go into receivership, in the past if yes. Were they deducted points, also how much money did they owe?
Did they ever pay the money back ???
We came close though. But glad we never :)



Yes they did go bust, but there were no points deduction given to teams at that time, that came in at a later date.
All the info is on the cva document, below is some of the businesses that would have lost out but there are many, many more on the list, also there were staff, players, other football clubs and of course the tax man, basically it was 5p in the pound, take it or leave it offer :-

Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571

Re: Did Jacks go bust ????

Tue Nov 26, 2013 11:32 pm

cityone wrote:
Cool Running wrote:Did jacks go into receivership, in the past if yes. Were they deducted points, also how much money did they owe?
Did they ever pay the money back ???
We came close though. But glad we never :)



Yes they did go bust, but there were no points deduction given to teams at that time, that came in at a later date.
All the info is on the cva document, below is some of the businesses that would have lost out but there are many, many more on the list, also there were staff, players, other football clubs and of course the tax man, basically it was 5p in the pound, take it or leave it offer :-

Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571


Hey! What about my bloody Gran! :evil:

.......................And what about the £15m you underpaid Sam Hammam for taking you out of the gutter you were in? :o

Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Oh lord Sam Hammam! :notworthy:

Remember that song? :laughing6: ..............Hypocrites! :lol:

Re: Did Jacks go bust ????

Tue Nov 26, 2013 11:46 pm

64JACK wrote:
cityone wrote:
Cool Running wrote:Did jacks go into receivership, in the past if yes. Were they deducted points, also how much money did they owe?
Did they ever pay the money back ???
We came close though. But glad we never :)



Yes they did go bust, but there were no points deduction given to teams at that time, that came in at a later date.
All the info is on the cva document, below is some of the businesses that would have lost out but there are many, many more on the list, also there were staff, players, other football clubs and of course the tax man, basically it was 5p in the pound, take it or leave it offer :-

Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571


Hey! What about my bloody Gran! :evil:

.......................And what about the £15m you underpaid Sam Hammam for taking you out of the gutter you were in? :o

Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Oh lord Sam Hammam! :notworthy:

Remember that song? :laughing6: ..............Hypocrites! :lol:


How do you know we owed sam £15 million??? were you involved in the negotiations or are you just going by what some people posted on here??? do you really think hammam would have accepted £15 million less than what he was owed??? if he wasn't happy with the settlement he could have taken it to the high courts, nobody put a gun to his head to sign the documents it was his choice and he as gone down on record and stated that he was happy with the deal.

Re: Did Jacks go bust ????

Tue Nov 26, 2013 11:51 pm

yes they over spent massive going up the leagues
but the support was shite......8 thousand crowds in some games

Re: Did Jacks go bust ????

Tue Nov 26, 2013 11:56 pm

cityone wrote:
64JACK wrote:
cityone wrote:
Cool Running wrote:Did jacks go into receivership, in the past if yes. Were they deducted points, also how much money did they owe?
Did they ever pay the money back ???
We came close though. But glad we never :)



Yes they did go bust, but there were no points deduction given to teams at that time, that came in at a later date.
All the info is on the cva document, below is some of the businesses that would have lost out but there are many, many more on the list, also there were staff, players, other football clubs and of course the tax man, basically it was 5p in the pound, take it or leave it offer :-

Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571


Hey! What about my bloody Gran! :evil:

.......................And what about the £15m you underpaid Sam Hammam for taking you out of the gutter you were in? :o

Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Oh lord Sam Hammam! :notworthy:

Remember that song? :laughing6: ..............Hypocrites! :lol:


How do you know we owed sam £15 million??? were you involved in the negotiations or are you just going by what some people posted on here??? do you really think hammam would have accepted £15 million less than what he was owed??? if he wasn't happy with the settlement he could have taken it to the high courts, nobody put a gun to his head to sign the documents it was his choice and he as gone down on record and stated that he was happy with the deal.


ye, I guess you got me there! Now then, can you find anything, anywhere (excluding my gran of course) whereby these people

'Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571'

Criticised the amount they were paid at the time? Give me that and you win! If you can't, then I obviously refer you too your own post, and that of course means you lose! Tick tock tick tock tick tock? :laughing6:

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:05 am

64JACK wrote:
cityone wrote:
64JACK wrote:
cityone wrote:
Cool Running wrote:Did jacks go into receivership, in the past if yes. Were they deducted points, also how much money did they owe?
Did they ever pay the money back ???
We came close though. But glad we never :)



Yes they did go bust, but there were no points deduction given to teams at that time, that came in at a later date.
All the info is on the cva document, below is some of the businesses that would have lost out but there are many, many more on the list, also there were staff, players, other football clubs and of course the tax man, basically it was 5p in the pound, take it or leave it offer :-

Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571


Hey! What about my bloody Gran! :evil:

.......................And what about the £15m you underpaid Sam Hammam for taking you out of the gutter you were in? :o

Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Oh lord Sam Hammam! :notworthy:

Remember that song? :laughing6: ..............Hypocrites! :lol:


How do you know we owed sam £15 million??? were you involved in the negotiations or are you just going by what some people posted on here??? do you really think hammam would have accepted £15 million less than what he was owed??? if he wasn't happy with the settlement he could have taken it to the high courts, nobody put a gun to his head to sign the documents it was his choice and he as gone down on record and stated that he was happy with the deal.


ye, I guess you got me there! Now then, can you find anything, anywhere (excluding my gran of course) whereby these people

'Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571'

Criticised the amount they were paid at the time? Give me that and you win! If you can't, then I obviously refer you too your own post, and that of course means you lose! Tick tock tick tock tick tock? :laughing6:

criticise who exactly.........when this happens it really is take it or leave it. i think its more a case of YOU coming up with evidence that they were all happy. who the f**k invoices you for 17k when they are happy with 800

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:06 am

soulofthesea wrote:yes they over spent massive going up the leagues
but the support was shite......8 thousand crowds in some games


If your talking about the years under Toshack then yes your correct. But it was a bad time all round for football in those years. An indication is that in our first year in the old Division 1, we even had a higher average attendance than the likes of Sunderland! :o

Nevertheless, I do believe that the local public should have turned out in bigger numbers.

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:08 am

64JACK wrote:
cityone wrote:
64JACK wrote:
cityone wrote:
Cool Running wrote:Did jacks go into receivership, in the past if yes. Were they deducted points, also how much money did they owe?
Did they ever pay the money back ???
We came close though. But glad we never :)



Yes they did go bust, but there were no points deduction given to teams at that time, that came in at a later date.
All the info is on the cva document, below is some of the businesses that would have lost out but there are many, many more on the list, also there were staff, players, other football clubs and of course the tax man, basically it was 5p in the pound, take it or leave it offer :-

Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571


Hey! What about my bloody Gran! :evil:

.......................And what about the £15m you underpaid Sam Hammam for taking you out of the gutter you were in? :o

Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Oh lord Sam Hammam! :notworthy:

Remember that song? :laughing6: ..............Hypocrites! :lol:


How do you know we owed sam £15 million??? were you involved in the negotiations or are you just going by what some people posted on here??? do you really think hammam would have accepted £15 million less than what he was owed??? if he wasn't happy with the settlement he could have taken it to the high courts, nobody put a gun to his head to sign the documents it was his choice and he as gone down on record and stated that he was happy with the deal.


ye, I guess you got me there! Now then, can you find anything, anywhere (excluding my gran of course) whereby these people

'Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571'

Criticised the amount they were paid at the time? Give me that and you win! If you can't, then I obviously refer you too your own post, and that of course means you lose! Tick tock tick tock tick tock? :laughing6:



Show me where i have said that any of the above have criticised the amount they were paid (i think this means you lose) somebody asked the question if you tramps ever went bust to which i replied, but at the end of the day your creditors had absolutely no choice when it came to a CVA, they either accept what offer is put on the table (5p in the pound) or if not they get nothing, some choice that is.

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:10 am

soulofthesea wrote:
64JACK wrote:
cityone wrote:
64JACK wrote:
cityone wrote:
Cool Running wrote:Did jacks go into receivership, in the past if yes. Were they deducted points, also how much money did they owe?
Did they ever pay the money back ???
We came close though. But glad we never :)



Yes they did go bust, but there were no points deduction given to teams at that time, that came in at a later date.
All the info is on the cva document, below is some of the businesses that would have lost out but there are many, many more on the list, also there were staff, players, other football clubs and of course the tax man, basically it was 5p in the pound, take it or leave it offer :-

Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571


Hey! What about my bloody Gran! :evil:

.......................And what about the £15m you underpaid Sam Hammam for taking you out of the gutter you were in? :o

Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Oh lord Sam Hammam! :notworthy:

Remember that song? :laughing6: ..............Hypocrites! :lol:


How do you know we owed sam £15 million??? were you involved in the negotiations or are you just going by what some people posted on here??? do you really think hammam would have accepted £15 million less than what he was owed??? if he wasn't happy with the settlement he could have taken it to the high courts, nobody put a gun to his head to sign the documents it was his choice and he as gone down on record and stated that he was happy with the deal.


ye, I guess you got me there! Now then, can you find anything, anywhere (excluding my gran of course) whereby these people

'Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571'

Criticised the amount they were paid at the time? Give me that and you win! If you can't, then I obviously refer you too your own post, and that of course means you lose! Tick tock tick tock tick tock? :laughing6:

criticise who exactly.........when this happens it really is take it or leave it. i think its more a case of YOU coming up with evidence that they were all happy. who the f**k invoices you for 17k when they are happy with 800


The reply wasn't aimed at you was it? But seeing as you answered, I'd say the same goes for your Lord Sam Hammam? Take it or leave it? :thumbright:

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:14 am

cityone wrote:
64JACK wrote:
cityone wrote:
64JACK wrote:
cityone wrote:
Cool Running wrote:Did jacks go into receivership, in the past if yes. Were they deducted points, also how much money did they owe?
Did they ever pay the money back ???
We came close though. But glad we never :)



Yes they did go bust, but there were no points deduction given to teams at that time, that came in at a later date.
All the info is on the cva document, below is some of the businesses that would have lost out but there are many, many more on the list, also there were staff, players, other football clubs and of course the tax man, basically it was 5p in the pound, take it or leave it offer :-

Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571


Hey! What about my bloody Gran! :evil:

.......................And what about the £15m you underpaid Sam Hammam for taking you out of the gutter you were in? :o

Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Oh lord Sam Hammam! :notworthy:

Remember that song? :laughing6: ..............Hypocrites! :lol:


How do you know we owed sam £15 million??? were you involved in the negotiations or are you just going by what some people posted on here??? do you really think hammam would have accepted £15 million less than what he was owed??? if he wasn't happy with the settlement he could have taken it to the high courts, nobody put a gun to his head to sign the documents it was his choice and he as gone down on record and stated that he was happy with the deal.


ye, I guess you got me there! Now then, can you find anything, anywhere (excluding my gran of course) whereby these people

'Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571'

Criticised the amount they were paid at the time? Give me that and you win! If you can't, then I obviously refer you too your own post, and that of course means you lose! Tick tock tick tock tick tock? :laughing6:



Show me where i have said that any of the above have criticised the amount they were paid (i think this means you lose) somebody asked the question if you tramps ever went bust to which i replied, but at the end of the day your creditors had absolutely no choice when it came to a CVA, they either accept what offer is put on the table (5p in the pound) or if not they get nothing, some choice that is.


As I said. You lose as Sam Hammam had no choice did he? ;)

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:17 am

64JACK wrote:
soulofthesea wrote:
64JACK wrote:
cityone wrote:
64JACK wrote:
cityone wrote:
Cool Running wrote:Did jacks go into receivership, in the past if yes. Were they deducted points, also how much money did they owe?
Did they ever pay the money back ???
We came close though. But glad we never :)



Yes they did go bust, but there were no points deduction given to teams at that time, that came in at a later date.
All the info is on the cva document, below is some of the businesses that would have lost out but there are many, many more on the list, also there were staff, players, other football clubs and of course the tax man, basically it was 5p in the pound, take it or leave it offer :-

Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571


Hey! What about my bloody Gran! :evil:

.......................And what about the £15m you underpaid Sam Hammam for taking you out of the gutter you were in? :o

Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Oh lord Sam Hammam! :notworthy:

Remember that song? :laughing6: ..............Hypocrites! :lol:


How do you know we owed sam £15 million??? were you involved in the negotiations or are you just going by what some people posted on here??? do you really think hammam would have accepted £15 million less than what he was owed??? if he wasn't happy with the settlement he could have taken it to the high courts, nobody put a gun to his head to sign the documents it was his choice and he as gone down on record and stated that he was happy with the deal.


ye, I guess you got me there! Now then, can you find anything, anywhere (excluding my gran of course) whereby these people

'Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571'

Criticised the amount they were paid at the time? Give me that and you win! If you can't, then I obviously refer you too your own post, and that of course means you lose! Tick tock tick tock tick tock? :laughing6:

criticise who exactly.........when this happens it really is take it or leave it. i think its more a case of YOU coming up with evidence that they were all happy. who the f**k invoices you for 17k when they are happy with 800


The reply wasn't aimed at you was it? But seeing as you answered, I'd say the same goes for your Lord Sam Hammam? Take it or leave it? :thumbright:


How was it the same with hammam,???? you went into administration and produced a CVA which if not accepted by your main creditors the club would have been liqiudated, VT and hammam were involved in a business negotiation which if not to hammam liking would have been sorted out in the high courts totally different.

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:19 am

64JACK wrote:
soulofthesea wrote:yes they over spent massive going up the leagues
but the support was shite......8 thousand crowds in some games


If your talking about the years under Toshack then yes your correct. But it was a bad time all round for football in those years. An indication is that in our first year in the old Division 1, we even had a higher average attendance than the likes of Sunderland! :o

Nevertheless, I do believe that the local public should have turned out in bigger numbers.

you finished 6th, pretty sure you were top for quite a while..and NO not a bigger average than Sunderland..it wasnt the best times football has seen, but still, top of the yop division with a small ground that you failed to fill AT ALL.

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:29 am

cityone wrote:
64JACK wrote:
soulofthesea wrote:
64JACK wrote:
cityone wrote:
64JACK wrote:
cityone wrote:
Cool Running wrote:Did jacks go into receivership, in the past if yes. Were they deducted points, also how much money did they owe?
Did they ever pay the money back ???
We came close though. But glad we never :)



Yes they did go bust, but there were no points deduction given to teams at that time, that came in at a later date.
All the info is on the cva document, below is some of the businesses that would have lost out but there are many, many more on the list, also there were staff, players, other football clubs and of course the tax man, basically it was 5p in the pound, take it or leave it offer :-

Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571


Hey! What about my bloody Gran! :evil:

.......................And what about the £15m you underpaid Sam Hammam for taking you out of the gutter you were in? :o

Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Oh lord Sam Hammam! :notworthy:

Remember that song? :laughing6: ..............Hypocrites! :lol:


How do you know we owed sam £15 million??? were you involved in the negotiations or are you just going by what some people posted on here??? do you really think hammam would have accepted £15 million less than what he was owed??? if he wasn't happy with the settlement he could have taken it to the high courts, nobody put a gun to his head to sign the documents it was his choice and he as gone down on record and stated that he was happy with the deal.


ye, I guess you got me there! Now then, can you find anything, anywhere (excluding my gran of course) whereby these people

'Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571'

Criticised the amount they were paid at the time? Give me that and you win! If you can't, then I obviously refer you too your own post, and that of course means you lose! Tick tock tick tock tick tock? :laughing6:

criticise who exactly.........when this happens it really is take it or leave it. i think its more a case of YOU coming up with evidence that they were all happy. who the f**k invoices you for 17k when they are happy with 800


The reply wasn't aimed at you was it? But seeing as you answered, I'd say the same goes for your Lord Sam Hammam? Take it or leave it? :thumbright:


How was it the same with hammam,???? you went into administration and produced a CVA which if not accepted by your main creditors the club would have been liqiudated, VT and hammam were involved in a business negotiation which if not to hammam liking would have been sorted out in the high courts totally different.


Yes, we produced a CVA which was accepted as that was the best way forward! Liquidation? I don't think so. And every creditor knew that especially as one of the new directors was Martin Morgan who could have easily bought all of their businesses never mind pay off our debts to them! But it wasn't his debt, they accepted that and allowed the club too move on. It really is that simple. ;)

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:33 am

soulofthesea wrote:
64JACK wrote:
soulofthesea wrote:yes they over spent massive going up the leagues
but the support was shite......8 thousand crowds in some games


If your talking about the years under Toshack then yes your correct. But it was a bad time all round for football in those years. An indication is that in our first year in the old Division 1, we even had a higher average attendance than the likes of Sunderland! :o

Nevertheless, I do believe that the local public should have turned out in bigger numbers.

you finished 6th, pretty sure you were top for quite a while..and NO not a bigger average than Sunderland..it wasnt the best times football has seen, but still, top of the yop division with a small ground that you failed to fill AT ALL.


Why are you argueing with me when I agree with You? :laughing6:
But yes we did have a bigger average attendance that season than Sunderland. I'll try too find the info and PM you but I cant be arsed tonite! :thumbright:

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:37 am

64JACK wrote:
cityone wrote:
64JACK wrote:
soulofthesea wrote:
64JACK wrote:
cityone wrote:
64JACK wrote:
cityone wrote:
Cool Running wrote:Did jacks go into receivership, in the past if yes. Were they deducted points, also how much money did they owe?
Did they ever pay the money back ???
We came close though. But glad we never :)



Yes they did go bust, but there were no points deduction given to teams at that time, that came in at a later date.
All the info is on the cva document, below is some of the businesses that would have lost out but there are many, many more on the list, also there were staff, players, other football clubs and of course the tax man, basically it was 5p in the pound, take it or leave it offer :-

Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571


Hey! What about my bloody Gran! :evil:

.......................And what about the £15m you underpaid Sam Hammam for taking you out of the gutter you were in? :o

Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Oh lord Sam Hammam! :notworthy:

Remember that song? :laughing6: ..............Hypocrites! :lol:


How do you know we owed sam £15 million??? were you involved in the negotiations or are you just going by what some people posted on here??? do you really think hammam would have accepted £15 million less than what he was owed??? if he wasn't happy with the settlement he could have taken it to the high courts, nobody put a gun to his head to sign the documents it was his choice and he as gone down on record and stated that he was happy with the deal.


ye, I guess you got me there! Now then, can you find anything, anywhere (excluding my gran of course) whereby these people

'Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571'

Criticised the amount they were paid at the time? Give me that and you win! If you can't, then I obviously refer you too your own post, and that of course means you lose! Tick tock tick tock tick tock? :laughing6:

criticise who exactly.........when this happens it really is take it or leave it. i think its more a case of YOU coming up with evidence that they were all happy. who the f**k invoices you for 17k when they are happy with 800


The reply wasn't aimed at you was it? But seeing as you answered, I'd say the same goes for your Lord Sam Hammam? Take it or leave it? :thumbright:


How was it the same with hammam,???? you went into administration and produced a CVA which if not accepted by your main creditors the club would have been liqiudated, VT and hammam were involved in a business negotiation which if not to hammam liking would have been sorted out in the high courts totally different.


Yes, we produced a CVA which was accepted as that was the best way forward! Liquidation? I don't think so. And every creditor knew that especially as one of the new directors was Martin Morgan who could have easily bought all of their businesses never mind pay off our debts to them! But it wasn't his debt, they accepted that and allowed the club too move on. It really is that simple. ;)



You're not really getting this are you, if a CVA is not accepted by the major creditor then the business will be liquidated, that's what happens by law, your creditors had very little choice, they had to accept 5p in the pound or get nothing, and how you tried to compare that with hammams pay off is a joke.

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:45 am

64joke

Can you explain to me on a thread based on Swansea's past and finances, you feel the need to mention Sam?

All Paul did was state the CVA and to some reason you felt the need to mention Sam?

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:47 am

Swansea fans defending going into admin. Terrible.

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:53 am

cityone wrote:
64JACK wrote:
cityone wrote:
64JACK wrote:
soulofthesea wrote:
64JACK wrote:
cityone wrote:
64JACK wrote:
cityone wrote:
Cool Running wrote:Did jacks go into receivership, in the past if yes. Were they deducted points, also how much money did they owe?
Did they ever pay the money back ???
We came close though. But glad we never :)



Yes they did go bust, but there were no points deduction given to teams at that time, that came in at a later date.
All the info is on the cva document, below is some of the businesses that would have lost out but there are many, many more on the list, also there were staff, players, other football clubs and of course the tax man, basically it was 5p in the pound, take it or leave it offer :-

Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571


Hey! What about my bloody Gran! :evil:

.......................And what about the £15m you underpaid Sam Hammam for taking you out of the gutter you were in? :o

Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Sam Hammam my lord Sam Hammam :notworthy:
Oh lord Sam Hammam! :notworthy:

Remember that song? :laughing6: ..............Hypocrites! :lol:


How do you know we owed sam £15 million??? were you involved in the negotiations or are you just going by what some people posted on here??? do you really think hammam would have accepted £15 million less than what he was owed??? if he wasn't happy with the settlement he could have taken it to the high courts, nobody put a gun to his head to sign the documents it was his choice and he as gone down on record and stated that he was happy with the deal.


ye, I guess you got me there! Now then, can you find anything, anywhere (excluding my gran of course) whereby these people

'Welsh Ambulance Service £1063
PJ Gavin and Sons £7014
Enterprise Clothing £12804
D Coaches £17449
ALM Associates £1508
Atom Media £1306
Alans Printers and Stationers (Cardiff) £571'

Criticised the amount they were paid at the time? Give me that and you win! If you can't, then I obviously refer you too your own post, and that of course means you lose! Tick tock tick tock tick tock? :laughing6:

criticise who exactly.........when this happens it really is take it or leave it. i think its more a case of YOU coming up with evidence that they were all happy. who the f**k invoices you for 17k when they are happy with 800


The reply wasn't aimed at you was it? But seeing as you answered, I'd say the same goes for your Lord Sam Hammam? Take it or leave it? :thumbright:


How was it the same with hammam,???? you went into administration and produced a CVA which if not accepted by your main creditors the club would have been liqiudated, VT and hammam were involved in a business negotiation which if not to hammam liking would have been sorted out in the high courts totally different.


Yes, we produced a CVA which was accepted as that was the best way forward! Liquidation? I don't think so. And every creditor knew that especially as one of the new directors was Martin Morgan who could have easily bought all of their businesses never mind pay off our debts to them! But it wasn't his debt, they accepted that and allowed the club too move on. It really is that simple. ;)



You're not really getting this are you, if a CVA is not accepted by the major creditor then the business will be liquidated, that's what happens by law, your creditors had very little choice, they had to accept 5p in the pound or get nothing, and how you tried to compare that with hammams pay off is a joke.


Well done! You've completely ignored my last post! But too put it in Laymans terms too you. If the CVA was rejected the club would NOT have been liquidated! They would have to make another offer to their creditors! But they accepted as they knew the true debt didnt belong to the person/persons making the offer ie: Martin morgan! Are you getting this at all here? I'm comparing it too Sam Hammam as he really did have no choice did he? Or did he?

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:56 am

Shinobipony wrote:64joke

Can you explain to me on a thread based on Swansea's past and finances, you feel the need to mention Sam?

All Paul did was state the CVA and to some reason you felt the need to mention Sam?


He mentioned 5p in the pound you bi sexual pony! Thats why I mentioned Sam! :thumbright:

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:58 am

RFMH wrote:Swansea fans defending going into admin. Terrible.


Cardiff fans avoiding the question of ripping your Lord Sam Hammam off to the tune of £15m! Shocking! :laughing6:

Re: Did Jacks go bust ????

Wed Nov 27, 2013 1:25 am

64JACK wrote:
Shinobipony wrote:64joke

Can you explain to me on a thread based on Swansea's past and finances, you feel the need to mention Sam?

All Paul did was state the CVA and to some reason you felt the need to mention Sam?


He mentioned 5p in the pound you bi sexual pony! Thats why I mentioned Sam! :thumbright:



So just to confirm, he hasn't told any lies. Has given an accurate account of events.

And your response is to comment on our history which is of no relevance to the topic and make petty remarks.


Hence my 64Joke remark :thumbup:

Re: Did Jacks go bust ????

Wed Nov 27, 2013 9:55 am

64JACK wrote:
RFMH wrote:Swansea fans defending going into admin. Terrible.


Cardiff fans avoiding the question of ripping your Lord Sam Hammam off to the tune of £15m! Shocking! :laughing6:


I've already asked you this question, (which you still havn't answered) where are you getting the £15 million from??? were you in on the negotiations??? or are you basing this on hearsay from this forum??? as for hammam having a choice of course he did, if he thought he was right he could have taken it to the high courts and do you really believe that if he was due another £15 million he would just write it off??? if so you are more stupid than you usually sound when posting on here.

Re: Did Jacks go bust ????

Wed Nov 27, 2013 11:02 am

Yes, the Swans did go bust.
And the CVA (Company Voluntary Agreement) left many people in a very difficult situation.

So all the stuff about how wonderfully run they are should be viewed in THAT light.

Quoted from The Guardian 2012:

"the company voluntary arrangement (CVA), on which the club's great progress since 2002 has been built – debts to a barrage of creditors, amassed by the previous regime, were settled for 5p in the pound. The City and County of Swansea was owed £35,000. Three other local authorities had to write off money and Dillwyn Llewelyn community school was owed £1,175. Swansea NHS trust was owed £1,960, the South Wales police authority, £10,448.76 and the Welsh Ambulance Service, £1,063.97. St John Ambulance was there too, its training company owed £2,411.10."

Why don't they do the decent thing and pay the creditors back NOW? People such as John Hollins would be SO grateful.

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:11 pm

Yes Swansea town did go bust and they ass raped all their investors. The club then got sold on for a measly 1 pound. They ripped off local businesses, what a scummy club would be ashamed to be associated with it.

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:23 pm

BobbyBlue wrote:Yes Swansea town did go bust and they ass raped all their investors. The club then got sold on for a measly 1 pound. They ripped off local businesses, what a scummy club would be ashamed to be associated with it.


:lol:

Re: Did Jacks go bust ????

Wed Nov 27, 2013 12:31 pm

swansea city were liquidated in 1985, wound up in the high court

things were different then clubs could go bust but retain their league status without any penalty. Wolves, Charlton, Middlesborough & Bristol City also went bust

Re: Did Jacks go bust ????

Wed Nov 27, 2013 1:49 pm

cityone wrote:
64JACK wrote:
RFMH wrote:Swansea fans defending going into admin. Terrible.


Cardiff fans avoiding the question of ripping your Lord Sam Hammam off to the tune of £15m! Shocking! :laughing6:


I've already asked you this question, (which you still havn't answered) where are you getting the £15 million from??? were you in on the negotiations??? or are you basing this on hearsay from this forum??? as for hammam having a choice of course he did, if he thought he was right he could have taken it to the high courts and do you really believe that if he was due another £15 million he would just write it off??? if so you are more stupid than you usually sound when posting on here.


Oh please! Did you really think I would listen too hearsay from this forum? Your obviously more stupid than I sound! :thumbright:

http://news.bbc.co.uk/1/hi/wales/7290681.stm

Yea but no but yea but................... :laughing6: