Tue May 08, 2012 6:47 pm
Tue May 08, 2012 6:49 pm
Tue May 08, 2012 6:51 pm
Angry Man wrote:because had HMRC put us into adminstration the truth is we would probably be in a better financial situation than we are now. By coming in the owners saved the shareholders money because had they not come in then all shares would have been worthless. However without doubt there still would have been a club and whats more coming out of administration a debt free club ensuring that we would have been a far better prospect for any future buyer.
So please stop convincing yourself that the owners saved the club because the club will always be here no matter what.
Tue May 08, 2012 6:51 pm
Tue May 08, 2012 6:52 pm
Owain wrote:What a ridiculous post!
Tue May 08, 2012 6:53 pm
Tue May 08, 2012 6:55 pm
Angry Man wrote:because had HMRC put us into adminstration the truth is we would probably be in a better financial situation than we are now. By coming in the owners saved the shareholders money because had they not come in then all shares would have been worthless. However without doubt there still would have been a club and whats more coming out of administration a debt free club ensuring that we would have been a far better prospect for any future buyer.
So please stop convincing yourself that the owners saved the club because the club will always be here no matter what.
Tue May 08, 2012 6:56 pm
bluebird1977 wrote:Owain wrote:What a ridiculous post!
How i fail to see what we have achieved bar going from 40million in debt to 70million and gone nowhere for it on the pitch with a lesser squad if you ask me
Tue May 08, 2012 6:56 pm
Owain wrote:What a ridiculous post!
Tue May 08, 2012 6:57 pm
ihatealiens wrote:Angry Man wrote:because had HMRC put us into adminstration the truth is we would probably be in a better financial situation than we are now. By coming in the owners saved the shareholders money because had they not come in then all shares would have been worthless. However without doubt there still would have been a club and whats more coming out of administration a debt free club ensuring that we would have been a far better prospect for any future buyer.
So please stop convincing yourself that the owners saved the club because the club will always be here no matter what.
Like Aldershot![]()
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Tue May 08, 2012 6:58 pm
Angry Man wrote:Owain wrote:What a ridiculous post!
Is it..? Many clubs have progressed after coming out of administration because the debts were wiped clean.
Tue May 08, 2012 6:59 pm
nerd wrote:It's a nice rant but completely ignores the fact we were trading insolvently.
Admin would have been a miracle, we'd have been looking at liquidation.
But hey, why ruin a good rant?
Tue May 08, 2012 7:00 pm
chrisdoi wrote:Angry Man wrote:Owain wrote:What a ridiculous post!
Is it..? Many clubs have progressed after coming out of administration because the debts were wiped clean.
and some have been liquidated. I understand what you are saying on financial grounds, but I'm not sure I would have like to have rolled the proverbial dice on liquidation.
Tue May 08, 2012 7:01 pm
chrisdoi wrote:Angry Man wrote:Owain wrote:What a ridiculous post!
Is it..? Many clubs have progressed after coming out of administration because the debts were wiped clean.
and some have been liquidated. I understand what you are saying on financial grounds, but I'm not sure I would have like to have rolled the proverbial dice on liquidation.
Tue May 08, 2012 7:03 pm
Tue May 08, 2012 7:04 pm
Tue May 08, 2012 7:07 pm
TheHunter! wrote:Portsmouth have done well since being in admin![]()
Luton just dropped a few devisions.
Chester liquidated
Rushden liquidated
Leeds dropped a few devisions.
Dont know much about there finances and everything, so it might be irrelevant but going into administration isnt always the best option.
Tue May 08, 2012 7:11 pm
Angry Man wrote:nerd wrote:It's a nice rant but completely ignores the fact we were trading insolvently.
Admin would have been a miracle, we'd have been looking at liquidation.
But hey, why ruin a good rant?
Looking at liquidation my arse you Malaysian bum licker
Tue May 08, 2012 7:28 pm
Tue May 08, 2012 7:29 pm
Bakedalasker wrote:HMRC were going to put us into liquidation.
Tue May 08, 2012 7:32 pm
nerd wrote:Bakedalasker wrote:HMRC were going to put us into liquidation.
Indeed, something this rather petulant man fails to grasp.
A CVA is nowhere near close to being liquidation, as any businessman knows. As any fan of CCFC knows, the former wasn't an option once HMRC started the winding up order.
Tue May 08, 2012 7:33 pm
Owain wrote:nerd wrote:Bakedalasker wrote:HMRC were going to put us into liquidation.
Indeed, something this rather petulant man fails to grasp.
A CVA is nowhere near close to being liquidation, as any businessman knows. As any fan of CCFC knows, the former wasn't an option once HMRC started the winding up order.
Why let facts get in the way of an argument though?
Tue May 08, 2012 7:35 pm
Angry Man wrote:because had HMRC put us into adminstration the truth is we would probably be in a better financial situation than we are now. By coming in the owners saved the shareholders money because had they not come in then all shares would have been worthless. However without doubt there still would have been a club and whats more coming out of administration a debt free club ensuring that we would have been a far better prospect for any future buyer.
So please stop convincing yourself that the owners saved the club because the club will always be here no matter what.