benjii

The FA has no jurisdiction to override the legal charge that Aviva will have over the ground. If we went into admin we would be in default of our loan. Aviva would be able to exercise a power of sale or would work with the administrator to achieve a sale if they didn't want to do that.

Nah, they're really not.

Yes, but not if the ground is subject to a legal charge (which it will be).

I think this is a misconception arising from a "securitisation" structure that was used in the original debt. "Securitisation" and "security" are two different things. I won't go into detail but in effect securitisation is a way of realising a capital sum up front from an income producing asset (ie season ticket sales). The security on the debt, however, will, unless its been drafted terribly, provide legal charges over just about every fixed asset of the group capable of being subject to a legal charge and will also include floating charges over everything else. That is what a debenture does and Aviva will most certainly have a debenture. The question is who is party to the debenture, but again it would be extremely odd if all group companies were not part of the security structure.

"Lowe - Narcissistic personality disorder" banner anyone?

:rolleyes: Yeah, I'm sure he was really talking about a financial challenge. Honestly, what a dullard.

Documentary on now. Might be a sensitive and illuminating portrayal of a troubled genius and his battle with the booze. Hope not, hope it's funny.

Yeah, read the first post again. Ta.

Spot on, mate. Absolutely spot on.

I think it is a different scenario really. The role of a captain in cricket is much more far reaching than the role of a captain in football. Interesting comparison though... I think however you look at it Lowe messed up big-time. Either he was right to sack Sturrock, in which case it was an awful appointment or he was wrong to sack Sturrock in which case he compunded this error by making an awful managerial appointment in his replacement. I wonder if he'll ever do that again..... whoops.

Why?

The other end were in a better position as they were facing the side of McGoldrick that the ball hit. Kelvin was on the other side.

He may have turned up, looked at the salary offer, laughed a bit, then left again.

Davis saw it once at full speed from a funny angle. I don't doubt it may have looked like a pen. That's not the point. The point is what do people think having seen the slow-mo? I'm genuinely surprised that people think it hit his arm, having seen that. On a more interesting note, imagine if video evidence was used and the pen had still been given. I'd have been ****ing livid!!

The irony. TBF I like GM - his posts are interesting and he invests more time on research etc. than any [normal] other posters. I completely disagree that the match was good value though. We were inept and flacid. It was utterly pointless. Like going to the theatre and watching robots.

Get in!! 2-0.

I fully agree with this. If his task is purely polishing a turd then you can excuse poor results. Unfortunately we just get worse and worse, our players don't appear to be prepared for matches properly, our team is really rather odd, the manager does not appear to know what he is doing.

I love being the centre of attention. Look at me!!

Can we have one please mods? Just as a bit of "fun". I've watched the super slow-mo's several times and so I am quite amazed that some people seem to think McGoldrick committed a handball. Now, I enjoy a tommy-tank as much as the next man but I'm pretty confident that it is really quite obvious that the ball hit McGoldrick on the back of his shoulder/neck and head and that my eyesight is superb. Can we settle this once for all?

Chorley is without doubt a legend IMO. Hilarious bloke. He will keep us all amused with his antics throughout our darkest hours. I think the OS should follow up its last story about him with a regular "Where's Chorley?" feature.

Probably not. It's kind of vital that the manager is competent.

I think we're the only one Revolutionary enough to persevere.

Can we knock it down, drag The Dell flats over there and rebuild The Dell instead please?

ooh, er missus No, indeed they did not, but if footballers play badly they tend to get slated. It's that kind of industry and I think the realisation that Lowe's grand vision is a hollow dream will unfortunately be a problem borne by them as well as all true fans of the club.

In the real world CVAs don't work. Not sure why the FA is fixated with them - especially when it's its own greed and incompetence that partially fosters the financial mess the game is in.