Window Cleaner

Freddie Pontin?? that's all we need HidiHi everyone.

Yes but you have to pay the owner of the land to exploit the concession you buy from the state.

And has the Bovis option expired yet?? Or was that deal made in 1989 when we were only SFC Ltd nul and void with the administration of the PLC. Now JF was originally owned by the FC Ltd, at some time it must have been transferred to the PLC I suppose as they're said to own it, how could that be when Bovis have first crack at it until April 2009?.

and the other 916 urchins to pay the VAT.

Nope, catering's gone bust, bring your own crisps and tea flask..

Teddy Pointon being?? Would that be short for Edward or Theodore do you think.

Whatever happened to the "oil under Jackson's Farm" theory. Boy was that a good un.Never in the history of forum posting have so many people learned so much about oil and gas exploitation from so few.

Perhaps the accounting has been managed so that the PLC owes the club money. I mean it's possible that the club gets the gate and TV money, pays rent to the Stadium Ltd,buys the players ,sells the players,pays fee for "management services "to the PLC and loans the PLC any excedent finance for retail services etc. In fact the very statement that the Football Club ltd is a separate entity must mean that it was merely paying rent to play at the Stadium, otherwise it wouldn't be a separate entity at all.As we sold lots of players last season and had a whacking great + on the club books for that +12.1 million I think, then setting say a 2 million rental fee for the use of SMS (all other revenues for catering and stuff going to the PLC) against the matchday and TV revenue and deducting player salaries,academy costs,coaching and travelling expenses it could well be that the actual FC Ltd, shows up as a going concern but is plumbed by having loaned money to the parent company (PLC) against loss making catering or something like that.

even that's a bit of a trek from Pompey on a bike.

Yes but as the City of Milan owns an 80K (or so) seater stadium why have your own anyway? This lack of public money for anything but Ms Smith's household expenses makes everything so ephemereal. To have a decent football club you need a big stadium, but as it's got to be privately financed someone wants to make profit to get the money in the first place.So everything is too expensive and the whole entreprise is self defeating.That's why we lasted so long. The Dell was crap but it was ours and it was paid for.15K in the Dell=25K at SMS cos you have to fund the debt. As soon as they didn't turn up we were ******ed.

Yes but it's owned by the City of Milan. Very few clubs in continental europe own their stadium. It's a very british thing.

Well I'm sure you're right Derry. However to me this is just ledgerbook juggling. The PLC's debts come from the FC Ltd and the FL will see it exactly that way.If they don't everybody will jump on the bandwagon and buy Kaka with money they don't have and simply transfer the cost to an Aims listed PLC expressly.

but we know that Barclay's is 4,110,000£ .The stadium is about 23 million (from yesterday) so we owe other people at least 3 million £. The OD has gone down, but they won't renew it for next year so it's pay up or else from May onwards. We needed to sell some STs, nobody would have bought them in March anyway so we're f**ked.It really is simple. No STs in March, no money, no ongoing affair.Saga+Rasiak+Skacel+Thomas for May,June and July when there's no football = 500K, plus all the others. No one is going to buy them we know that as a fact.

Administration protects assets for a certain period. meaning no-one can sue us for 15 bob and walk away with the keys to SMS.In the US it's called Section 11 I think.It's designed to ensure that all creditors get a fair deal and some loud mouthed process slinger gets his and everybody else (including the staff) get f all.

I think there maybe a compromise.We'll promise to not play very well (as per usual) and go down quietly and they'll not dock us 10 next season. Nah, no Machiavellis at the Football League surely.

Labour Law (or Labor Law as they would have it) is a complete circus in the US. Very few employees have any rights. The company is in difficulty? well thanks and goodbye cos we have to "let you go"

Did someone say they did Bournemouth FC admin?? Isn't that a but of a f*cking mess right now? I lost track of it when LifeLong got involved.

No,that isn't the case at all. Preferential creditors I think.As long as the club is deemed a going concern (provided they are employed by SFC Ltd) we owe them their salary. This is why the admins say we're no longer viable beyond the end of the season.Obviously if the club can't pay the PFA might step in. But as we're trying to create the illusion that the club is viable and solvent (so as not to get -10 )not paying wages and asking for PFA intervention is a big no no.

Our trouble is we have I think 4 or 5 players(amongst others) with ongoing contracts for at least next season compelling us to pay them a total of about 2 million £. Unless we can cover that (that'd be 8000 or so STs at £320 (less VAT of course) it's no point flogging the dead horse any more.Those players need to realise that and agree to **** off for free.

No because if you go into admin after the deadline and avoid relegation by doing so you get hit with -10 for the present season.If you're not 10 points and a better GD above the last relegation place you go down. End of. We will get -10 and we will go down.Count on it.Otherwise football clubs will just run under an umbrella company, spend money reckless and when they can't pay they will say Oh it's not us it's them.When the FA asks for proof of how a holding company that does very little else than run a football club can run up 30 million debts it's another matter. Unless of course the administrators can persuade the league that our football expenses ie Match day revenue+TV money actually cover all the footballing costs, players, travelling, theoretical rent of stadium etc we will get nothing but a sharp kick in the ass. The annual accounts say otherwise TV revenue + Matchday don't even cover last seasons player+coach salary bill, let alone travelling etc.

Because we don't have enough money? The trust managed to find people to buy a whole 20000 shares,where are you all suddenly going to get even a fair percentage of 30 million from.

Has she got big tits?

Well string the punter along as long as you can to make sure they turn up for the last 3 games to get money for the creditors.When all's said and done we'll end up with a points deduction.

Meaning we borrowed money from somewhere other than Barclay's to partially pay back Barclay's to carry on trading ??? Or we owe money to other clubs that we didn't at the end of last season,or we haven't been paying our VAT..

It also says the club continues under "it's directors" who's that then.