ExiledLichtie Posted June 5 Share Posted June 5 2 minutes ago, TheScarf said: This is why fan ownership in football is so important. Stirling Albion are in just about as chaotic a mess, and they are fan owned. I think what is really important in football is basic competence. 4 Quote Link to comment Share on other sites More sharing options...
scottbamby Posted June 5 Share Posted June 5 Administration is worth it if it means I never have to see Luis Longstaff play football again. 7 Quote Link to comment Share on other sites More sharing options...
EdinburghBlue Posted June 5 Share Posted June 5 9 minutes ago, SirJimmyofNic said: It looks like the only way out is administration, and whatever pence in the pound the directors can claw back (if indeed they are 100% the main creditors) after all its them that's made the colossal financial feck ups, and again that's only if administrators can find a suitable buyer/buyers Really feel for you guys hope it all ends well for you Or they may try to go to a pre-pack administration, selling at a few pence in the pound to the current directors, arguing that that’s the best deal available to the creditors. 0 Quote Link to comment Share on other sites More sharing options...
PSJ.84 Posted June 5 Share Posted June 5 Means f**k all, but all the best. 0 Quote Link to comment Share on other sites More sharing options...
Jaffa Posted June 5 Share Posted June 5 1 hour ago, ExiledLichtie said: Wait, what? 15 points this season? Would that not mean that we would finish above them? Should Arbroath be lawyering up? Do you not learn basic numeracy in Angus? 0 Quote Link to comment Share on other sites More sharing options...
EdinburghBlue Posted June 5 Share Posted June 5 7 minutes ago, ExiledLichtie said: Stirling Albion are in just about as chaotic a mess, and they are fan owned. I think what is really important in football is basic competence. And fan ownership doesn’t solve fundamental financial problems, and may mean that your ordinary punters lose money rather than rich owners. 0 Quote Link to comment Share on other sites More sharing options...
TheScarf Posted June 5 Share Posted June 5 8 minutes ago, ExiledLichtie said: Stirling Albion are in just about as chaotic a mess, and they are fan owned. I think what is really important in football is basic competence. Surely they’re an anomaly? 0 Quote Link to comment Share on other sites More sharing options...
SirJimmyofNic Posted June 5 Share Posted June 5 4 minutes ago, EdinburghBlue said: Or they may try to go to a pre-pack administration, selling at a few pence in the pound to the current directors, arguing that that’s the best deal available to the creditors. Aye, but that's not really solving the problem for you the supporters though 1 Quote Link to comment Share on other sites More sharing options...
ExiledLichtie Posted June 5 Share Posted June 5 3 minutes ago, Jaffa said: Do you not learn basic numeracy in Angus? I've already provided a mea culpa, but I've edited accordingly! 2 Quote Link to comment Share on other sites More sharing options...
Central Belt Caley Posted June 5 Share Posted June 5 Bah gawd that’s Alan Savage!!! 0 Quote Link to comment Share on other sites More sharing options...
Savage Henry Posted June 5 Share Posted June 5 33 minutes ago, The Great Stagsby said: That last sentence "FOR CLARITY..."??! As if somebody had simply got the wrong end of the stick when you previously announced "We're moving training to Kelty." Painful stuff. It’s appallingly worded. The club is clearly a rudderless ship at this point. 1 Quote Link to comment Share on other sites More sharing options...
Lanky Highlander Posted June 5 Share Posted June 5 37 minutes ago, Rcfc fan said: As a county fan genuinely wishing you guys all the best, must be sickening as it’s clear to see blatant mismanagement at every juncture This Good luck, hope you somehow manage to come out the other side. 2 Quote Link to comment Share on other sites More sharing options...
TheScarf Posted June 5 Share Posted June 5 Morrison’s biggest mistake was thinking the fans would just accept the Kelty training move and the continued employment of Scot Gardiner. The fucking idiot. 2 Quote Link to comment Share on other sites More sharing options...
parsforlife Posted June 5 Share Posted June 5 46 minutes ago, Todd_is_God said: They already have a license, though, versus looking to obtain one to join the SPFL. Does that change anything? SFA licences are reviewed annually, so yes they could argue they meet the criteria this summer as their review isn't until some time in 2024, likely once the season has started. They would automatically fail on the criteria for 25/26 Tho. 1 Quote Link to comment Share on other sites More sharing options...
Savage Henry Posted June 5 Share Posted June 5 3 minutes ago, TheScarf said: Morrison’s biggest mistake was thinking the fans would just accept the Kelty training move and the continued employment of Scot Gardiner. The fucking idiot. He’s now trying to prove a point by walking away. The ego of those two is absolutely unreal. 0 Quote Link to comment Share on other sites More sharing options...
Peil Posted June 5 Share Posted June 5 45 minutes ago, craigkillie said: The newco bought the assets, including SFA membership of the existing club, rather than the Airdrie or Gretna situation where a completely new club started afresh with no connection to the previous one. Ballantyne (sp) bought Clydebank and moved them and applied to change the name - they weren't a new club 3 Quote Link to comment Share on other sites More sharing options...
Raith Against The Machine Posted June 5 Share Posted June 5 38 minutes ago, PB1994 said: I would imagine about 90% of the debt we owe would be to our Directors. The only way I can see an investor coming in before Administration is if the Directors we owe money to are willing to write it off or take 10p in the pound or something along those lines. Absolutely scunnered with this whole situation now. 34 minutes ago, TheScarf said: I think its probably closer to 100%. That, surely, is the angle for the next couple of days then? Are the existing directors willing to be bought out by some new mystery entity, for some agreed pence in the pound figure? The alternative being that they see the club go into administration, with the points deductions and everything that goes with it, to end up with a reduced figure anyway? I suppose this is where it comes down to questions of what the club owns and what it's worth. Does the club own the ground the land is on? Does it have some sort of astronomical book value because of the freeport? Would the extinction of the football operation actually free up enough assets for administrators to pay off debts more or less in full? 0 Quote Link to comment Share on other sites More sharing options...
Popular Post Jacky1990 Posted June 5 Popular Post Share Posted June 5 Theres only two clubs I'd happily see in this sort of mess. So this is all pretty grim reading, especially if the rumours of Big Dunc's £5k a week are to be believed. Incredible how quickly a couple of charlatans in positions of power can destroy something that takes decades to build. Little wonder these type of c***s have links to politicians half the time. Genuinely hope you guys get through this as soon as possible. IMO Scottish football is better with strong teams outside the central belt. 30 Quote Link to comment Share on other sites More sharing options...
Richey Edwards Posted June 5 Share Posted June 5 That's an absolute shiter. Hope your club gets through this. 0 Quote Link to comment Share on other sites More sharing options...
Zen Archer (Raconteur) Posted June 5 Share Posted June 5 18 minutes ago, Savage Henry said: The club is clearly a rudderless ship at this point. Pray for the Kessock. 6 Quote Link to comment Share on other sites More sharing options...
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