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New club statement

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1 minute ago, Belfast Owl 2 said:

 

Except we arent insolvent.

 

Careful with what you post please.

I heard you the first time. 

lol

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That's a very strongly worded statement. Actually makes me believe we've got the required evidence to send the EFL packing. 

 

Come on you blue and white shithouses

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Just now, rickygoo said:

I heard you the first time. 

lol

 

Well done.

 

Bear it in mind before posting more innacurate scaremongering and basic lies. 

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11 minutes ago, prowl said:

You would need to be a solicitor to decide that.

No, I don't agree. 

 

I don't think the press release tells us anything about the strength or presentation of the case, at all: but as a statement it isn't all that tight. Pure pedantry, but then I enjoy pedantry

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Love the fact he is even asking for compensation! Top shithousing all round.
 

Gu on DC lad! 

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1 minute ago, SiJ said:

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

According to the balance sheet our liabilities exceed our assets. That is one definition of being insolvent is it not? And on whose watch has that happened?

 

I used to be an insolvency accountant  -a rubbish one to be fair but nevertheless....

 

lol

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That is very strongly worded, brave man taking the EFL on. An organisation who seemingly make it up as they go on. 

 

Well hes come out fighting, lets see what happens. 

 

 

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Just now, Belfast Owl 2 said:

 

Well done.

 

Bear it in mind before posting more innacurate scaremongering and basic lies. 

Define insolvency for me before you accuse me of lying. 

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Just now, Shifty Powers said:

Love the fact he is even asking for compensation! Top shithousing all round.
 

Gu on DC lad! 

Haha.

 

No, you pay us!

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6 minutes ago, rickygoo said:

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.  

 


Most football clubs are bankrolled by owners

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Just now, rickygoo said:

Define insolvency for me before you accuse me of lying. 

Specifically define balance sheet insolvency.

 

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Just now, Royal_D said:


Most football clubs are bankrolled by owners

And your point is?

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Haven't Man Utd have been cash flow insolvent for about 15 years too?

 

Who cares, he isn't going anywhere for quite some time.

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Just now, rickygoo said:

Define insolvency for me before you accuse me of lying. 

 

Clearly you know more than me so no need.

 

And Ive seen my club insolvent before 

 

Coicidental you throw that accusation into this thread.

 

I dont think so.

 

 

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1 minute ago, rickygoo said:

And your point is?


you could call many many football clubs insolvent

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Just now, 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 are presuming DC is at fault. That hasn't been proven yet.

 

In court cases some people plead guilty, some don't. Not all of the ones who plead guilty are convicted. I've been involved in a number of court cases as an expert witness where the prosecution have made fundamental errors in the law where the case has fallen through because the actual acts weren't against the law.

 

People assume that if someone is prosecuted there must be a case to answer. Sometimes there isn't. The accused can admit that he was there, he did what was alleged and the prosecution falls down because the act wasn't illegal.

 

This could be one of those cases. Who knows. Tax law can be quite complex, you can get cases where 2 accountants can't agree on what can and can't be done.

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10 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.

 

 

 

From reading the statement it would appear that DC has taken advice before releasing it.

How it was worded didn't come from someone whose got his wires crossed, more like someone who has been legally advised on what to say.

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