Burma Posted December 22, 2012 Share Posted December 22, 2012 Popular wee team, Elgin. Who they playing? 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted December 22, 2012 Share Posted December 22, 2012 The CVA was offering £8.5 million as opposed to £5.5 million for liquidation so there may be some merit in Shades' post regarding Green looking towards liquidation rather than a CVA. Defo looking for Liquidation ''if'' the holding thangs are true. His also would have been the biggest bid in that case instead of being the winning bidder with the 2 or 3rd largest bid. Fun times ahead 0 Quote Link to comment Share on other sites More sharing options...
youngsy Posted December 22, 2012 Share Posted December 22, 2012 The CVA also included the £3million fee for D&P and then £5,5million for the pot. When the CVA was rejected Chuckie cheeses consirtium paid the £3million fee and then paid £5,5 million for the liquidated assets. The total price was the same either way. Aye,after reading it through it appears that's the case. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted December 22, 2012 Share Posted December 22, 2012 Was that the case? Pre-liquidation, would it have been more difficult for Green to raise a share issue? I'm thinking that existing shareholders might have had to agree to a dilution of their holdings, and that the debts (even if a CVA had been agreed) would have made it more difficult to attract investors/share buyers. Might it always have been Green's intention to liquidate? I thought that myself at first but when you take into account that he's had to pay back football debts while losing money due from player sales, lost TV money, lost 'prize money', reduction in ticket money, lost a squad of players worth maybe say £20m, no Euro fitba for atleast 3 years then maybe a CVA would've been a better idea. 0 Quote Link to comment Share on other sites More sharing options...
Dindeleux Posted December 22, 2012 Share Posted December 22, 2012 Meanwhile - Elgin City attracted more through the gates for their Div 3 match today than St Mirren and some other diddy club managed in the SPL last night. Er............according to BBC Sport the attendances were: St Mirren vs Motherwell = 4023 Elgin vs Sevco = 3448 The 3rd division really is a diddy league -1 Quote Link to comment Share on other sites More sharing options...
Kamenitza Posted December 22, 2012 Share Posted December 22, 2012 Meanwhile - Elgin City attracted more through the gates for their Div 3 match today than St Mirren and some other diddy club managed in the SPL last night. What impact will this have on the price of eggs? 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted December 22, 2012 Share Posted December 22, 2012 Er............according to BBC Sport the attendances were: St Mirren vs Motherwell = 4023 Elgin vs Sevco = 3448 The 3rd division really is a diddy league The BBC also had Fraser Aird in goals. 0 Quote Link to comment Share on other sites More sharing options...
Dindeleux Posted December 22, 2012 Share Posted December 22, 2012 The BBC also had Fraser Aird in goals. What's your point caller? 0 Quote Link to comment Share on other sites More sharing options...
DomDom Posted December 22, 2012 Share Posted December 22, 2012 The BBC also had Fraser Aird in goals. What was the official attendances then? 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted December 22, 2012 Share Posted December 22, 2012 (edited) Edit - oops placed reply on wrong post Edited December 22, 2012 by Ken Fitlike 0 Quote Link to comment Share on other sites More sharing options...
Fotbawmad Posted December 22, 2012 Share Posted December 22, 2012 (edited) That's a robust statement and a very good question you raised there. It wouldn't be beyond the realms of the imagination for Charles Green to consider that option. After all, he and Whyte are both crooks businessmen and I would imagine that most crooks businessmen would have taken the liquidation route anyway (Miller and possibly Ng had that route in mind also) as it appears it would be the least expensive/most profitable route for them to take. It isn't beyond the realms because he was privately begging creditors to reject the CVA. Not that it ever was going to be accepted due to Hector owning 25+% of the debt. Miller and Ng are rumoured to be false bidders so admin could be strung out. This is mainly due to Miller making outrageous demands that couldn't be guaranteed by the footballing authorites and the location where Ng is situated. There were many genuine bids, but were never made public. Most were offering £10-15m for a CVA, but all complained about D&P being obstructive towards them. Edited December 22, 2012 by Fotbawmad 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted December 22, 2012 Share Posted December 22, 2012 Meanwhile - Elgin City attracted more through the gates for their Div 3 match today than St Mirren and some other diddy club managed in the SPL last night. yes we do realise that there are countless thousands of Orcs. Big Fcukin Deal. 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted December 22, 2012 Share Posted December 22, 2012 I thought that myself at first but when you take into account that he's had to pay back football debts while losing money due from player sales, lost TV money, lost 'prize money', reduction in ticket money, lost a squad of players worth maybe say £20m, no Euro fitba for atleast 3 years then maybe a CVA would've been a better idea. Not ''if'' there was holding charges.... Still disappointed no leaks from the BDO creditor meeting. That would have been confirmation. 0 Quote Link to comment Share on other sites More sharing options...
ThirdrockfromtheSon Posted December 22, 2012 Share Posted December 22, 2012 What impact will this have on the price of egos? THere, fixed it for you. It now reads a bit better for the dick-wavers on here. 0 Quote Link to comment Share on other sites More sharing options...
Bendarroch Posted December 22, 2012 Share Posted December 22, 2012 What was the official attendances then? From ElginCity themselves: 4098 - through the gate. 0 Quote Link to comment Share on other sites More sharing options...
Bendarroch Posted December 22, 2012 Share Posted December 22, 2012 Big Fcukin Deal. Well spotted, dolly. It is a big fucking deal. And I make the point because your club, for example, is a very wee fucking deal. A baw-hair over 7,000 through the gates at your hill of shite tells it's own, laughable, story. Whatever happened to your promises of top sheep-husbandry in the name of 'integrity'? -2 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted December 22, 2012 Share Posted December 22, 2012 Well spotted, dolly. It is a big fucking deal. And I make the point because your club, for example, is a very wee fucking deal. A baw-hair over 7,000 through the gates at your hill of shite tells it's own, laughable, story. Whatever happened to your promises of top sheep-husbandry in the name of 'integrity'? dolly died. just like rangers. 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted December 22, 2012 Share Posted December 22, 2012 I thought that myself at first but when you take into account that he's had to pay back football debts while losing money due from player sales, lost TV money, lost 'prize money', reduction in ticket money, lost a squad of players worth maybe say £20m, no Euro fitba for atleast 3 years then maybe a CVA would've been a better idea. Hang on a minute, Bennett. Not sure many of the above would have been affected all that much, tbh. There appear to be a substantial number of "football" debts still outstanding - and as rangers were a FOOTBALL club, surely all their debts were football-related? There's no requirement in the Scots laws to prioritise debt owing to footballing entities, like there is in England. Had rangers not already dropped off the twig, the SFA could have hammered them harder and given them some proper punishment - stopping just short of launching them altogether. The club would still be where they are - at best - so the minimal amount they're receiving (are they getting ANY, in fact) for TV rights will be more than they would have had. The only place where I can see a loss that's anything significant is with the players - but to have retained their contracts would have meant remaining the same company - and being responsible for the debt. Pennies in the pound, maybe, but not a millstone any new club would want to start up with. The player contract situation seems, so far, to be Charlie's only mis-step in diverting the maximum amount of cash from the Horde to his retirement fund. 0 Quote Link to comment Share on other sites More sharing options...
comeonyebairns Posted December 22, 2012 Share Posted December 22, 2012 dolly died. just like rangers. neil simpson lifted twice as many european trophies as the now dead dolly and glasgow rangers 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted December 22, 2012 Share Posted December 22, 2012 Hang on a minute, Bennett. Not sure many of the above would have been affected all that much, tbh. There appear to be a substantial number of "football" debts still outstanding - and as rangers were a FOOTBALL club, surely all their debts were football-related? There's no requirement in the Scots laws to prioritise debt owing to footballing entities, like there is in England. Had rangers not already dropped off the twig, the SFA could have hammered them harder and given them some proper punishment - stopping just short of launching them altogether. The club would still be where they are - at best - so the minimal amount they're receiving (are they getting ANY, in fact) for TV rights will be more than they would have had. The only place where I can see a loss that's anything significant is with the players - but to have retained their contracts would have meant remaining the same company - and being responsible for the debt. Pennies in the pound, maybe, but not a millstone any new club would want to start up with. The player contract situation seems, so far, to be Charlie's only mis-step in diverting the maximum amount of cash from the Horde to his retirement fund. Football debts had to paid for transference of SFA membership but you already knew this, so thats this bit sorted. Further punishment for what exactly? If a CVA was achieved then the club wouldn't have been responsible for any debt and not suffered any of losses i previously mentioned. A long winded way of disagreeing over absolutely nothing 0 Quote Link to comment Share on other sites More sharing options...
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