badgerx16

Judging by some of the comments on here, if it's confirmed there will be plenty of 'sticky' due to this thread.

Pinch me I think I'm dreaming.

Is that the secured or unsecured creditors ?

http://www.journalonline.co.uk/Magazine/48-12/1000674.aspx#.UC1TW7XSgoM "In England, the position is similar in the divisions below FAPL, whereby the Football League, which administrates the divisions, has approved new regulations forming an “Insolvency Policy” commencing in season 2004-05. In this policy, sporting sanctions may be applied, namely the deduction of up to 10 points automatically upon a club entering administration, along with a maximum time period of 18 months in which a club may be permitted to remain in administration before membership of the league is terminated." That's a brick wall across the tracks on August 13th next year.

Having never had one I didnt realise

Obviously, but you would never know unless somebody else 'quoted' them on the thread.

As compared to the old constitution ? : "The rally came on the anniversary of the passage of the Personal Status Code (CSP) of 1956, which established equality between women and men, abolished polygamy and the practice of repudiation, under which husbands could divorce simply by saying so three times. It instituted judicial divorce and required mutual consent of both parties for a marriage"

They have to be out of admin on the day before the kick-off of next season. ( This is from a football perspective, not sure how company law sees anybody running in administration for more than 12 months )

Done some digging on the 'quality' of their latest 'quantity' : ( admittedly courtesy of Wikipedia )..... Izale MacLeod released from L2 Barnet Kieran Djilali released from L2 AFC Wimbledon Mustapha Dumbuya 10 apearances last season for Doncaster Jon Harley released from L2 Rotherham Brian Howard released by Reading ( last played on loan at Millwall 26th December 2011 ) Lee Williamson released by Sheff Utd Simon Eastwood released by Conference North Halifax Jack Compton released from Falkirk ( 'tore up his contract' ) Luke Rodgers released by Lillestrom ( and has had at least 3 arrests for assault or public order ) Liam Walker from Gibraltar

That is the FL's point, they should at least have been asked.

He's gone native.

It seems that some on here have forgotten this : http://www.bbc.co.uk/sport/0/football/16943651 PFC were docked 10 in February, when they entered administration. The additional deduction is a condition of being allowed to continue at the end of the admin process. There will be one of 2 conclusions; firstly somebody does take them over and the -10 is enforced ( we know to our cost how successful a 'challenge' to this are likely to be ); the alternative is that they go pop no later than next August, as they cannot be in admin at the start of next season. Remember that Birch is bound to run them within their means, his company are directly liable for any losses.

I'm confused....... Fact 1 ) TB is charged with getting the best return for creditors Possible fact 2 ) BC is a creditor ( I think ) Fact 3) The best deal for BC is to get his charge over Fortress Fatpipes repayed in full Fact 4) TB is hoping to enable PST's takeover, inlcuding buying the ground, for as much ( as little ? ) as they can afford Does TB therefore not have a conflict of interest ?

Maybe they are being signed on monthly contracts simply because they have 1 month's money available. After that they can re-assess their financial situation, based on how 'packed' the park is, and renew as many or as phew of these players they can afford for the next 30 days.

You cannot start a 2nd successive season in the same admin process.

"I am getting lots of phone calls from players and agents of players who want to come here for nothing" Now that really is living within their means ! "But it remains to be seen whether all players offered terms will accept." If they're willing to come for nothing, where's the problem ?

It has to be done... http://www.youtube.com/watch?v=gb_qHP7VaZE

I would be temporarily upset if we got relegated, but would get over it . Sh!t happens, 3 teams must go down, and every season the newly promoted sides tend to be favourites to go straight back to the NPC. At least this time we would be much better suited structurally and financially to cope. Let's face it, we don't support Saints for the glory, the trophies, and the annual European campaigns - leave that to the plastic Mancs and Chelski. A Preston fan I work with said 3 years ago that the Premier League would be a nice place to visit but he wouldn't want to stay there, knowing that survival was the pre-season priority, and that a finish in the top 10 would be a fluke. The PL is SKY's whore, how many games will we play this season that kick off at 3:00pm on a Saturday ? 72 of the 92 teams in the English professional leagues do not play in the top flight, and every week probably more fans watch the NPC, L1, and L2 than the EPL - how many did we get into SMS at our lowest ebb ? ( Would have 'packed the park' at the lower end of the M27 ). As for our owners, the Leibherrs and the Don are business people, not sheikhs with more oil than sense. They expect the football business to run on sustainable grounds, and until/if SMS is expanded means we have a limit to what we can spend on the first team squad based on maximum attendances of 32K. Approach the new season with anticipation, tinged with optimism, and lightly sprinkled with reality - we won't be as bad as the worst of us fear, we won't be as good as the most optimistic think; we will lose matches we should have won, we will get points in games we will be expected to lose. We will finish where we deserve, based on our cumulative performances, if that's above the drop line great, if that's above 12th it will exceed my expectations. COYS.

Most in the office say we are welcome to Phillips, it's Tom Ince they want to keep hold of.

[h=1]“Ah, but a man's reach should exceed his grasp, or what's a heaven for?”[/h] Robert Browning

As they apparently do not, currently, hold a golden share, are they members ?

Reality is an illusion brought about by a lack of alcohol.

It never went away, the Olympics were just a distraction.

That would leave us with a minority Lib-Dem Government.