Walking Down The Halbeath Road

[GreenockRover]

However this pans out, any group who are looking to rid the club of the current wasters in control, are going to have to bung them serious cash to get them to bugger off. It's these type of negotiations that Masterfud will always have control of despite, and because of, the fact that the money he's "invested" is borrowed from another (dodgy) source.

Seems like he either gets paid off or its a sell off triggered by liquidation and the sale of the ground (more accurately, the land it occupies. The condescending tone from Dorkston speaks volumes in that what they actually want is compliant offers of cash to support their regime and would rather liquidate the club and realise monetary claw back than take a personal financial hit and leave the club in the hands of people who actually have the club at heart. This is the way of the Corporate clown who finds himself in a hole of his own digging and, instead of stopping, asks for a bigger spade.

Time BoS found a way to call in the ridiculous loan they stupidly handed this fuckwit. See you at Starks, Pars.....

Edit for bizarre lack of spacing on mobile app ?

Edited March 16, 2013 by GreenockRover

[Guest]

What has been this Goodwin guy's input and have 50 plus 1 been involved?

[2bobbylinns]

VikingTon is just looking for a bite and does not represent the views of most Morton fans. As said previously its a heartbreaking thing that's happening to your club and I hope that the Pars can pull through in one form or another.

[BrigtonClyde]

Despite being a Rovers fan I do not want the Pars to go bust.The mismanagement of Scottish football is staggering.Celtic, hours away fron goung bust, Rangers, Motherwell, Hearts, Airdrie, Gretna, Dundee, Livi et al.This is due to incompetent stewardship of clubs/business.At the same ti e as blowing large sums of money on wages the Scottish National team has plumbed the depths of failure, non qualification and sinking FIFA rankings.These are also the people who again are telling us that reconstruction will be the solution.No wonder attendances are on a downward spiral.Where are the football authorities ( SFA, UEFA) in all this.If this was any other industry there would be a public enquiry, people disbarred from being directors and prosecutions.Football was and is part of the fabric of communties and culture in Scotland.Rant over.

Excellent post. I'd think any fan of any club can sympathize strongly with the Pars lads & I hope they do manage to get it resolved

I fear for the people running our clubs & game generally

There's a train of thought we have too many teams in Scotland. Presumably due to attendance figures. But all fans have an emotional attachment to their teams. Are they naïve enough to think if Dunfermline go under it'll be "good" because other grounds in Fife will get bigger crowds? Garbage. You'll have lost the vast majority of them to the game, & if that's not correct why the fast tracking of Rangers?! If attendances are low where there IS an emotional attachment, why the hell would grounds get fuller where there isn't?

Pyramid system. Fine in theory...providing you've the population to support it. We're told one minute we have too many teams...so what we'll do is invite even more into the senior system? Oh that's brilliant, great thinkin

And who are all these teams?. Juniors have a business model that works & consistently said they don't want in. And no wonder. They must be lookin at the shambles of the senior game from top to bottom & be "nah, we'll pass thanks". Who does that leave you with? Teams playin in front of 50 - 150 people just now? What value's that? that's why its never happened & never will

DAFC are unfortunately latest to suffer from people "running" their Club who are completely out their depth. The success or failure of an organization is down to those who run it - never mind having the pre-prepared excuses that its everyone else's fault. If you f**k it up, have the integrity to own up to it & move aside to allow others the opportunity

Best of luck to the Pars fans, I hope something comes through for you. Still have a feeling it might

[Disco Duck]

I hope the remaining directors are getting legal advice at the moment. Its plain for all to see that the club is on its knees, and could technically be found to be trading whilst insolvent. This certainly used to carry hefty penalties for the directors under company law.

[Disco Duck]

I'd be interested to know, if tickets for the Falkirk game went on sale early (very early), would Falkirk fans buy them to help out Dunfermline?

[parsforlife]

In regards to the TPC the tweet that really annoyed me was by Paul Goodwin "take your punishment and come back as a community club" followed by "no Scottish club has died since 1967" just because Gretna, Clydebank, airdrie and rangers etc created phoenix clubs doesn't mean the original version didn't die, the priority here isn't for a community club, it's to save the club in its current guise, community ownership is probably the best way of doing it long term but I'd much rather somebody saved the club and ran it without fan involvement than have a community owned phoenix .

[ScottyC]

In regards to the TPC the tweet that really annoyed me was by Paul Goodwin "take your punishment and come back as a community club" followed by "no Scottish club has died since 1967" just because Gretna, Clydebank, airdrie and rangers etc created phoenix clubs doesn't mean the original version didn't die, the priority here isn't for a community club, it's to save the club in its current guise, community ownership is probably the best way of doing it long term but I'd much rather somebody saved the club and ran it without fan involvement than have a community owned phoenix .

Echo this 100%. If an acceptable 'compromise' was on the table and the TPC walked away from it they are just as guilty in the death of DAFC. If they want to set up a community club based in Dunfermline nothing stopping them, priority here is to save the Pars not to create a new club!

[Tonsilitis]

Edit: what he says ^^^^^^

Stephen Taylor has been warning he thinks Masterton will look for another quick fix and that quick fix could be...administration (as suggested by Tonsilits the other day)

It would certainly relieve the headache for the board of paying staff and suppliers while at the same time allowing them to maintain power.

Whether an adminstrator would touch us is another matter. They'd probably have to work by candlelight.

http://www.heraldscotland.com/sport/football/dunfermline-board-could-buy-time-by-going-into-voluntary-administration.20520124

I think you have a wee misconception about administration. If the club go that route, the administrator is in charge and the directors have no day to day control i.e. they do not maintain power. The administrator is court appointed and effectively an officer of the court. The directors and/or their other companies just become creditors which could be a factor when the exit from administration is contemplated.

The usual exit is via a company voluntary arrangement whereby the company agree to pay creditors so much in the pound over a period. That can be a very small sum (I think Morton were of the order of 1p in the pound) but nowadays creditors are unlikely to approve a CVA of less than 10p which is one of the reasons why Rangers had to go into liquidation. I say one of the reasons. The other in Rangers case was that HMRC wanted a liquidator crawling all other that case with all the other stuff that was going on.

Re your comment on candlepower, an administrator has the power to force the utility suppliers to keep supplying with the proviso that he has to pay for what he uses from the date he is appointed going forward.(and maybe give guarantees in that respect)

Finally, guys like Bryan Jackson see cases like Dundee and Dunfermline as high profile appointments and are usually willing to take the case on lower than normal fees simply for the free PR that goes with it.

[ScottyC]

I think you have a wee misconception about administration. If the club go that route, the administrator is in charge and the directors have no day to day control i.e. they do not maintain power. The administrator is court appointed and effectively an officer of the court. The directors and/or their other companies just become creditors which could be a factor when the exit from administration is contemplated.

The usual exit is via a company voluntary arrangement whereby the company agree to pay creditors so much in the pound over a period. That can be a very small sum (I think Morton were of the order of 1p in the pound) but nowadays creditors are unlikely to approve a CVA of less than 10p which is one of the reasons why Rangers had to go into liquidation. I say one of the reasons. The other in Rangers case was that HMRC wanted a liquidator crawling all other that case with all the other stuff that was going on.

Re your comment on candlepower, an administrator has the power to force the utility suppliers to keep supplying with the proviso that he has to pay for what he uses from the date he is appointed going forward.(and maybe give guarantees in that respect)

Finally, guys like Bryan Jackson see cases like Dundee and Dunfermline as high profile appointments and are usually willing to take the case on lower than normal fees simply for the free PR that goes with it.

Anyone who thinks a third party administrator would do a better job than the Steering Group in the short term are kidding themselves, at least we know who these guys are...

[CallumH]

I think you have a wee misconception about administration. If the club go that route, the administrator is in charge and the directors have no day to day control i.e. they do not maintain power. The administrator is court appointed and effectively an officer of the court. The directors and/or their other companies just become creditors which could be a factor when the exit from administration is contemplated.

The usual exit is via a company voluntary arrangement whereby the company agree to pay creditors so much in the pound over a period. That can be a very small sum (I think Morton were of the order of 1p in the pound) but nowadays creditors are unlikely to approve a CVA of less than 10p which is one of the reasons why Rangers had to go into liquidation. I say one of the reasons. The other in Rangers case was that HMRC wanted a liquidator crawling all other that case with all the other stuff that was going on.

Re your comment on candlepower, an administrator has the power to force the utility suppliers to keep supplying with the proviso that he has to pay for what he uses from the date he is appointed going forward.(and maybe give guarantees in that respect)

Finally, guys like Bryan Jackson see cases like Dundee and Dunfermline as high profile appointments and are usually willing to take the case on lower than normal fees simply for the free PR that goes with it.

Anyone who thinks a third party administrator would do a better job than the Steering Group in the short term are kidding themselves, at least we know who these guys are...

By my reckoning:

£450k trade creditors,

£130k tax bill

£8.4m to directors

£12m on East End.

Total £21m

WTF

[Tonsilitis]

Anyone who thinks a third party administrator would do a better job than the Steering Group in the short term are kidding themselves, at least we know who these guys are...

Difference is, an administrator protects the company from its creditors which your steering group has no power to do unless they come up with the money to pay the debts and deal with ongoing costs. He has a complete armoury of legal powers aimed at saving the company. He can trim the staff back to the bare minimum without incurring potentially huge unfair dismissal/redundancy claims. He can keep the electricity switched on. Basically if Dunfermline Athletic Limited is insolvent, it needs an insolvency specialist with insolvency powers.

I am sure your steering group may have football and even business experience but knowledge of company rescue I will bet is not highly featured. If someone like Bryan Jackson is appointed, he has plenty of experience of running football clubs and successfully if you recall how Dundee performed on the park when he was in charge.

I think you need a reality check!

[ScottyC]

Difference is, an administrator protects the company from its creditors which your steering group has no power to do unless they come up with the money to pay the debts and deal with ongoing costs. He has a complete armoury of legal powers aimed at saving the company. He can trim the staff back to the bare minimum without incurring potentially huge unfair dismissal/redundancy claims. He can keep the electricity switched on. Basically if Dunfermline Athletic Limited is insolvent, it needs an insolvency specialist with insolvency powers.

I am sure your steering group may have football and even business experience but knowledge of company rescue I will bet is not highly featured. If someone like Bryan Jackson is appointed, he has plenty of experience of running football clubs and successfully if you recall how Dundee performed on the park when he was in charge.

I think you need a reality check!

Aye, but only if there is a company to save, we have f**k all...

[GreenockRover]

Oh yeah..... The Corporate Oath in a colourful graphic... Masterfud may even have it tattoo'd on his arse.

[Tonsilitis]

Aye, but only if there is a company to save, we have f**k all...

You have:

• Income streams from five home games
• A fanbase willing to raise money
• The goodwill of most other fans and clubs.

If the fans want to save it, it may be possible.

[Fife Saint]

Calderwood on Off the Ball. I think there might be a few interesting things slipping, if you can decipher what he's mumbling.

[~~~]

Calderwood on Off the Ball. I think there might be a few interesting things slipping, if you can decipher what he's mumbling.

yip, he wants to see Celtic & Rangers Colt teams

[Fife Saint]

Ooft, there it is.

[Fife Saint]

Calderwood was brought to Dunfermline, on the back of advice from David Murray to his pal Masterton, to be groomed for the Ibrox job.

[HibeeJibee]

Every cloud has a silver lining. Maybe this revelation opens a new avenue no-one had thought of... Dunfermline can come back next season, as Rangers Colts?