LIVIFOREVER Posted April 12, 2015 Share Posted April 12, 2015 You really think there's a hope in hell we'll take something off Hearts? Wouldn't surprise me, looks like they're on holiday mode now and just going through the motions. 0 Quote Link to comment Share on other sites More sharing options...
CowdenConvert Posted April 12, 2015 Share Posted April 12, 2015 Wouldn't surprise me, looks like they're on holiday mode now and just going through the motions.I hope you're right but we're also in holiday mode and have been all season. 0 Quote Link to comment Share on other sites More sharing options...
LIVIFOREVER Posted April 12, 2015 Share Posted April 12, 2015 I hope you're right but we're also in holiday mode and have been all season. Hope I'm wrong and they hump you silly. 0 Quote Link to comment Share on other sites More sharing options...
CowdenConvert Posted April 12, 2015 Share Posted April 12, 2015 Hope I'm wrong and they hump you silly. Thats what will happen. You won't find a single Cowden fan who's even thinking about the Hearts game. It was written off a long time ago. We'll need to pick up a result at Alloa to avoid the drop. 0 Quote Link to comment Share on other sites More sharing options...
MCL Posted April 13, 2015 Share Posted April 13, 2015 The annual accounts up to end June 2014 for both LFC & Livingston 5 have just been filed if anyone is interested. 0 Quote Link to comment Share on other sites More sharing options...
Sergeant Wilson Posted April 13, 2015 Share Posted April 13, 2015 The annual accounts up to end June 2014 for both LFC & Livingston 5 have just been filed if anyone is interested.Serious Fraud Office will have first dibs. 0 Quote Link to comment Share on other sites More sharing options...
spiggle Posted April 13, 2015 Share Posted April 13, 2015 (edited) Serious Fraud Office will have first dibs. Serious Professional Fraud League will have the first dibs tbh. Edited April 13, 2015 by spiggle 0 Quote Link to comment Share on other sites More sharing options...
Afro Posted April 13, 2015 Share Posted April 13, 2015 The annual accounts up to end June 2014 for both LFC & Livingston 5 have just been filed if anyone is interested. How bad is it doctor? 0 Quote Link to comment Share on other sites More sharing options...
QOS Sean Posted April 14, 2015 Share Posted April 14, 2015 The outcome of the case with Nixon has been kept quiet. 0 Quote Link to comment Share on other sites More sharing options...
lionel wickson Posted April 14, 2015 Share Posted April 14, 2015 Or maybe it's still at avisandum? 0 Quote Link to comment Share on other sites More sharing options...
Afro Posted April 14, 2015 Share Posted April 14, 2015 Debt reduced by £125,000 to £1.62m. 0 Quote Link to comment Share on other sites More sharing options...
Sergeant Wilson Posted April 14, 2015 Share Posted April 14, 2015 Debt reduced by £125,000 to £1.62m.Huzzah! 0 Quote Link to comment Share on other sites More sharing options...
The Moonster Posted April 14, 2015 Share Posted April 14, 2015 Debt £1.62m. How is that even possible? 0 Quote Link to comment Share on other sites More sharing options...
Afro Posted April 14, 2015 Share Posted April 14, 2015 How is that even possible? As a Dumbarton fan, you should know Neil Rankine has a fair bit to do with that, probably. 0 Quote Link to comment Share on other sites More sharing options...
The Moonster Posted April 15, 2015 Share Posted April 15, 2015 As a Dumbarton fan, you should know Neil Rankine has a fair bit to do with that, probably. Well aye, but surely £1.62 million isn't racked up by Rankine alone? I'm surprised it can get to such a level without folk going absolutely mental. 0 Quote Link to comment Share on other sites More sharing options...
andylivi1 Posted April 15, 2015 Share Posted April 15, 2015 I have it on good authority that over 1.5m of that is owed to directors and all but one have said they won't ask for the money back as agreed, the exception being previous director Nixon. Obviously not great that we have to rely on so much from directors but once/if we are bought over by interested parties they will be able to start fresh basically dept free and get a model in place to live within our means. I've also been told that Rankine takes nothing to do with the club but can't relinquish his shares until the Nixon case has been decided, with a decision pretty close. 0 Quote Link to comment Share on other sites More sharing options...
The Moonster Posted April 15, 2015 Share Posted April 15, 2015 I have it on good authority that over 1.5m of that is owed to directors and all but one have said they won't ask for the money back as agreed, the exception being previous director Nixon. Obviously not great that we have to rely on so much from directors but once/if we are bought over by interested parties they will be able to start fresh basically dept free and get a model in place to live within our means. I've also been told that Rankine takes nothing to do with the club but can't relinquish his shares until the Nixon case has been decided, with a decision pretty close. Why can't Livi write off that debt then? If it's never to be repaid then clear it out? Do you reckon it'll be part-time if you go down? 0 Quote Link to comment Share on other sites More sharing options...
Sergeant Wilson Posted April 15, 2015 Share Posted April 15, 2015 Why can't Livi write off that ?Because they want it back. 0 Quote Link to comment Share on other sites More sharing options...
andylivi1 Posted April 15, 2015 Share Posted April 15, 2015 Why can't Livi write off that debt then? If it's never to be repaid then clear it out? Do you reckon it'll be part-time if you go down? Tbh I have no idea, i think it is all hinging on the Nixon case and whether the agreement by the directors not to take any money owed until the club was making a profit was a legal agreement or not, if it wasn't then that opens up a can of worms with other directors possibly claiming money owed to them which would plummet us into admin once again, but I believe that is very unlikely as the other directors out with Nixon have already agreed no matter what the outcome they wouldn't claim it back, I know that Rankine wants nothing, he wants out and doesn't want a penny of his money owed but can't get rid of the shares until the courts come back with a decision. What I have heard is the interested party wants to turn the club into a community ownership club, lay an artificial pitch, and concentrate on youth development, there is no mention of part time football but obviously ambitions will need to be changed by fans, with a likely hood we would find out natural level yoyoing up and down from league 1 to the championship. I think if you ask most Livi fans they would be happy with this as long as the club was run properly for a change. 0 Quote Link to comment Share on other sites More sharing options...
The Moonster Posted April 15, 2015 Share Posted April 15, 2015 Because they want it back. Aye, I expect as much. Tbh I have no idea, i think it is all hinging on the Nixon case and whether the agreement by the directors not to take any money owed until the club was making a profit was a legal agreement or not, if it wasn't then that opens up a can of worms with other directors possibly claiming money owed to them which would plummet us into admin once again, but I believe that is very unlikely as the other directors out with Nixon have already agreed no matter what the outcome they wouldn't claim it back, I know that Rankine wants nothing, he wants out and doesn't want a penny of his money owed but can't get rid of the shares until the courts come back with a decision. What I have heard is the interested party wants to turn the club into a community ownership club, lay an artificial pitch, and concentrate on youth development, there is no mention of part time football but obviously ambitions will need to be changed by fans, with a likely hood we would find out natural level yoyoing up and down from league 1 to the championship. I think if you ask most Livi fans they would be happy with this as long as the club was run properly for a change. I find it hard to believe Rankine wants nothing out of this. He's either talking shite or he's already taken his piece. What do you know about the interested party? Sorry for all the questions but I'm having a slow day at work. 0 Quote Link to comment Share on other sites More sharing options...
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