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ACL preferred administrator (1 Viewer)

  • Thread starter Flying Fokker
  • Start date Mar 14, 2013
Forums New posts

Flying Fokker

Well-Known Member
  • Mar 14, 2013
  • #1
Walker Morris solicitors for ACL want P and A partnership.
Leeds and Luton experience.
 
Last edited: Mar 14, 2013

sweeno70

Member
  • Mar 14, 2013
  • #2
Not exactly the best choice then !!!
 

TrueSkyBlueLiam

Member
  • Mar 14, 2013
  • #3
One word that unnerves me about this guy. LUTON! I dont wanna play in the Conferance
 

Flying Fokker

Well-Known Member
  • Mar 14, 2013
  • #4
http://partnership.pagroupplc.com/2259/Administrations
 

chiefdave

Well-Known Member
  • Mar 14, 2013
  • #5
I'm not sure my first thought would be 'let's get the people in who worked with Luton'! Aren't these the people who ran up such huge fees at Argyle it became a stumbling block for any potential sale?
 

Baginton

New Member
  • Mar 14, 2013
  • #6
Luton went down because of the 30 point deduction

20 points for their 3rd admin in 10 years
10 pints from the fl/fa for paying agents through a seperate account

Luton have good owners now and are sustainable, just struggling to get back up.
 

Brighton Sky Blue

Well-Known Member
  • Mar 14, 2013
  • #7
Can't believe admin is even being seriously proposed-it is so damn unnecessary for it to come to this.
 

Danceswithhorses

Well-Known Member
  • Mar 14, 2013
  • #8
Brighton Sky Blue said:
Can't believe admin is even being seriously proposed-it is so damn unnecessary for it to come to this.
Click to expand...

We have our wonderful leaders SISU to thank for that
 

Baginton

New Member
  • Mar 14, 2013
  • #9
Guilfoyle is a legend, he was the man who sacked the hated Blackwel at Luton, after he tried to walk out on the club.:claping hands:
 

Brighton Sky Blue

Well-Known Member
  • Mar 14, 2013
  • #10
Danceswithhorses said:
We have our wonderful leaders SISU to thank for that
Click to expand...

If Jan is to be believed, Fisher is happy to see the club go into administration for the sake of an extra £200k/year. I have always said, and will continue to, that it is his actions which have put this club into such a dire mess with ACL and has brought it to a farcical conclusion.
 

Danceswithhorses

Well-Known Member
  • Mar 14, 2013
  • #11
Brighton Sky Blue said:
If Jan is to be believed, Fisher is happy to see the club go into administration for the sake of an extra £200k/year. I have always said, and will continue to, that it is his actions which have put this club into such a dire mess with ACL and has brought it to a farcical conclusion.
Click to expand...
Surely the administration fees will be more than 200k though...they're certainly not cheap
 

SkyBlue_Bear83

Well-Known Member
  • Mar 14, 2013
  • #12
Danceswithhorses said:
We have our wonderful leaders SISU to thank for that
Click to expand...

True but it would be unfair for SISU to take all te credit, we also have ACL to thank aswell
 

Brighton Sky Blue

Well-Known Member
  • Mar 14, 2013
  • #13
Danceswithhorses said:
Surely the administration fees will be more than 200k though...they're certainly not cheap
Click to expand...

Perhaps they would accept free dinners at John Clarke's house instead?
 

chiefdave

Well-Known Member
  • Mar 14, 2013
  • #14
Danceswithhorses said:
Surely the administration fees will be more than 200k though...they're certainly not cheap
Click to expand...

Quick look on Google shows the crowd that ACL are proposing charged Plymouth £883,634.70.
 

Flying Fokker

Well-Known Member
  • Mar 14, 2013
  • #15
chiefdave said:
Quick look on Google shows the crowd that ACL are proposing charged Plymouth £883,634.70.
Click to expand...

Hmm, It leads me to think that the threat of administration may be the real vehicle for ACL to recover the money they are owed. No doubt the cost of admin will be taken out first.

I
 

chiefdave

Well-Known Member
  • Mar 14, 2013
  • #16
Flying Fokker said:
Hmm, It leads me to think that the threat of administration may be the real vehicle for ACL to recover the money they are owed. No doubt the cost of admin will be taken out first.
Click to expand...

I'm far from an expert in admin but I would highly doubt ACL will get anywhere near what they are owed from administration. Football creditors will be paid in full, SISU via some offshoot who's name I forget put a charge over pretty much every asset CCFC had which I think means they get first shot at that. Have we really got that much in assetts that after that there's going to be anything left for ACL.

I would guess they either hope to push SISU into accepting whatever deal ACL want to offer and paying the arrears or put in a new owner who they think will be preferable moving forward. Of course you would immediately have to ask questions of a new owner that is trying to achieve a takeover without even speaking to the current owner or making a bid to takeover in the usual way. if I was ACL I would be wary of how someone like that would act once they have got what they want.
 
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