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New club statement

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5 minutes ago, Mycroft said:

 

Well yes if there is no case to answer

 

You are missing my point.

 

I hope there is no case to answer and I trust the statement in he has correspondence to prove we checked that the sale of the ground was within the rules.

 

My point is, we shouldn’t have been in that situation needing to sell our ground in the first place. 

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He’s fighting a lost battle. If you’re in the wrong you admit fault.

 

All this will do is wind up EFL more and they’ll probably give us a harder punishment 

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Well.done DC, it's about time we fought back.

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12 minutes ago, rickygoo said:

Guilty of dragging the club into insolvency.

 

 

Even though we aren't insolvent.

 

Careful with what you post please.

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Just now, Harrysgame said:

Not as if we can't or won't pay the bills is it.

 

Balance sheet insolvency it's called. And Wednesday can only pay our bills because the owner bails us out. 

 

Don't like the guy but let's hope he's right re the EFL. We can agree on that.  

 

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4 minutes ago, davetherivelinowl said:

My take on this is that DC has got his wires crossed. I suspect he thinks the efl are moaning about him selling the ground and he has proof that they said they'd let him. But that's not what this is about. It's about us selling the ground in one year and pretending it was in the previous year. 

 

Of course I'd love it if DC was right and was able to win his case, not just on our behalf but also to give the efl a bloody nose. 

 

But I've felt all along that DC has never really got his head round all this Profit and Sustainability lark. I think this is an extension of his confusion on the matter.

 

Call me a bedwetter but if I'm right it won't end well.

 

 

 

giphy.gif

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2 minutes ago, Sonny said:

I’m so fired up by this statement.

 

Does anyone fancy a fight just to pass some time until the EFL respond?

Go and find some little fella on fargate :tongue:

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Just now, Belfast Owl 2 said:

 

Even though we aren't insolvent.

 

Careful with what you post please.

In cash flow insolvency, the debtor suffers from a lack of financial liquidity making it impossible to pay debts as they fall due. This is the type of insolvency most individuals experience prior to filing for bankruptcy.  Balance sheet insolvency, on the other hand, involves having negative net assets, where one's liabilities exceed their assets.

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Just now, BARMYARMY2010 said:

Go and find some little fella on fargate :tongue:

Chris Wilder? 

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2 minutes ago, FreshOwl said:

He’s fighting a lost battle. If you’re in the wrong you admit fault.

 

All this will do is wind up EFL more and they’ll probably give us a harder punishment 

 

I bet you leave 15 mins early at 1-0 down.

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1 minute ago, FreshOwl said:

He’s fighting a lost battle. If you’re in the wrong you admit fault.

 

All this will do is wind up EFL more and they’ll probably give us a harder punishment 

Bout time someone stood up to the EFL. Who knows how it will end but they are ruining the game so bring it on.

Premier league 2 coming soon,  then what will the EFL do?

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14 minutes ago, rickygoo said:

Guilty of dragging the club into insolvency.

 

 

Except we arent insolvent.

 

Careful with what you post please.

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Taking the Alan Sugar route... good on him

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2 minutes ago, sw1867 said:

 

You are missing my point.

 

I hope there is no case to answer and I trust the statement in he has correspondence to prove we checked that the sale of the ground was within the rules.

 

My point is, we shouldn’t have been in that situation needing to sell our ground in the first place. 

 

Why?  If your allowed to do it what's the problem? 

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16 minutes ago, rickygoo said:

Guilty of dragging the club into insolvency.

 

And the hits just keep on coming, good god. 

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Just now, rickygoo said:

In cash flow insolvency, the debtor suffers from a lack of financial liquidity making it impossible to pay debts as they fall due. This is the type of insolvency most individuals experience prior to filing for bankruptcy.  Balance sheet insolvency, on the other hand, involves having negative net assets, where one's liabilities exceed their assets.

Yes, but posting that he has led us to insolvency is not entirely accurate and some would suggest is borderline scaremongering. 

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Awaits Doom Howson asking Monk to explain the statement at this week’s press conference 

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4 minutes ago, FreshOwl said:

He’s fighting a lost battle. If you’re in the wrong you admit fault.

 

All this will do is wind up EFL more and they’ll probably give us a harder punishment 

You dont know that though - none of us do. 

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1 minute ago, rickygoo said:

In cash flow insolvency, the debtor suffers from a lack of financial liquidity making it impossible to pay debts as they fall due. This is the type of insolvency most individuals experience prior to filing for bankruptcy.  Balance sheet insolvency, on the other hand, involves having negative net assets, where one's liabilities exceed their assets.

 

My point stands despite your copy and paste.

 

We neared insolvency under the old guard but falling foul of FFP regulations is different.

 

 

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