Shez Posted July 19, 2020 Share Posted July 19, 2020 2 minutes ago, kirksandallowl said: The only thing that happens with admin is that the Chairman writes off about £50m never to be seen again and Sheffield 3 (ultimately the chairman) get chased for payment of the £60m they owe. Literally the last thing the chairman would do. Admin wouldn't benefit P&S it only benefits (potentially) the company...if bought back under CVA by the same CO. Admin will only happen if Chansiri is financially compromised Link to comment Share on other sites More sharing options...
kirksandallowl Posted July 19, 2020 Share Posted July 19, 2020 1 minute ago, Royal_D said: Not if there’s no more money to keep the lights on it isn’t Well yes the administrator could liquidate the club unless another buyer can be found, but again none of that benefits the current owner. Link to comment Share on other sites More sharing options...
kirksandallowl Posted July 19, 2020 Share Posted July 19, 2020 1 minute ago, Shez said: Admin wouldn't benefit P&S it only benefits (potentially) the company...if bought back under CVA by the same CO. Admin will only happen if Chansiri is financially compromised How would that benefit the current chairman? Link to comment Share on other sites More sharing options...
Guest Posted July 19, 2020 Share Posted July 19, 2020 2 minutes ago, kirksandallowl said: Well yes the administrator could liquidate the club unless another buyer can be found, but again none of that benefits the current owner. It would benefit him , because he wouldn’t be chucking operating costs at club anymore would he Link to comment Share on other sites More sharing options...
kirksandallowl Posted July 19, 2020 Share Posted July 19, 2020 (edited) 2 minutes ago, Royal_D said: It would benefit him , because he wouldn’t be chucking operating costs at club anymore would he Well no but it would mean writing off his total investment to date. How is it a threat to the EFL? Edited July 19, 2020 by kirksandallowl Link to comment Share on other sites More sharing options...
Guest Bulgaria Posted July 19, 2020 Share Posted July 19, 2020 23 minutes ago, Royal_D said: I’ll be totally honest .... I think Barnsley have every right to kick off if we’re due a deduction that would relegate us and the EFL carry it over to next season Absolutely. If the boot was on the other foot there would be a meltdown on here. I am all for fair play and whether we agree with the EFL rules or not and we are guilty of breaching them, then I guess we deserve what's coming. Link to comment Share on other sites More sharing options...
Shez Posted July 19, 2020 Share Posted July 19, 2020 (edited) Wrong thread Edited July 19, 2020 by Shez Link to comment Share on other sites More sharing options...
Shez Posted July 19, 2020 Share Posted July 19, 2020 13 minutes ago, kirksandallowl said: How would that benefit the current chairman? It probably wouldn't...or shouldn't, hence it's unlikely Link to comment Share on other sites More sharing options...
farlego Posted July 19, 2020 Share Posted July 19, 2020 2 hours ago, akbuk said: They may have come to an agreement not to lodge an appeal I think ( hope) that if we win the case the EFL have an easy get out of further ramifications by not appealing the decision. Season finishes, bottom 3 relegated and they can’t really take the EFL to court over the decision as it was made by an independent panel Link to comment Share on other sites More sharing options...
EcclesallOwl Posted July 19, 2020 Share Posted July 19, 2020 (edited) Big Nige & the Cowley’s must’ve heard we’ve been cleared by the EFL and want to join in with spendageddon part 2 Edited July 19, 2020 by EcclesallOwl 1 1 Link to comment Share on other sites More sharing options...
Guest Posted July 19, 2020 Share Posted July 19, 2020 47 minutes ago, kirksandallowl said: Well no but it would mean writing off his total investment to date. How is it a threat to the EFL? I never said he was threatening the EFL with it that was suggested by someone else though DC’s money has gone, not sure even with promotion to the PL he would see it all back , and would he even sell in the PL to get any back ? I think the notion that he’s here until he gets some money back is a bit naive , he can cut his losses go back to Thailand and probably still live out a comfortable life Link to comment Share on other sites More sharing options...
Guest mkowl Posted July 19, 2020 Share Posted July 19, 2020 59 minutes ago, kirksandallowl said: The only thing that happens with admin is that the Chairman writes off about £50m never to be seen again and Sheffield 3 (ultimately the chairman) get chased for payment of the £60m they owe. Literally the last thing the chairman would do. oh and we get an automatic 12 point deduction. His shareholder loan was 77m per the July 18 accounts. And yes the way admin works he would lose that and Sheffield 3 or 5 whichever it is would be chased for the stadium sale money. That threat seems a blunt instrument Link to comment Share on other sites More sharing options...
kirksandallowl Posted July 19, 2020 Share Posted July 19, 2020 1 minute ago, Royal_D said: I never said he was threatening the EFL with it that was suggested by someone else though DC’s money has gone, not sure even with promotion to the PL he would see it all back , and would he even sell in the PL to get any back ? I think the notion that he’s here until he gets some money back is a bit naive , he can cut his losses go back to Thailand and probably still live out a comfortable life Oh right sorry. The point is people saying he’s threatened the EFL with putting us in admin are full of poo, it is no threat to them at all. I agree he could just decide to Jack it in and go back and live his life in relative peace & luxury, but he could just cease trading & dissolve the company if that’s what he wanted to do but there are plenty on here who will tell you he can’t just do that. Link to comment Share on other sites More sharing options...
Guest Posted July 19, 2020 Share Posted July 19, 2020 22 minutes ago, kirksandallowl said: Oh right sorry. The point is people saying he’s threatened the EFL with putting us in admin are full of poo, it is no threat to them at all. I agree he could just decide to Jack it in and go back and live his life in relative peace & luxury, but he could just cease trading & dissolve the company if that’s what he wanted to do but there are plenty on here who will tell you he can’t just do that. Yeah I agree it’s unlikely he would threaten it, EFL probably wouldn’t even care either He 100% could just walk away Link to comment Share on other sites More sharing options...
Essix Blue Posted July 19, 2020 Share Posted July 19, 2020 31 minutes ago, mkowl said: His shareholder loan was 77m per the July 18 accounts. And yes the way admin works he would lose that and Sheffield 3 or 5 whichever it is would be chased for the stadium sale money. That threat seems a blunt instrument However, if he put us in admin, he would no longer be putting £3m+ in per month to keep us going......... 1 Link to comment Share on other sites More sharing options...
striker Posted July 19, 2020 Share Posted July 19, 2020 1 hour ago, Royal_D said: I’ll be totally honest .... I think Barnsley have every right to kick off if we’re due a deduction that would relegate us and the EFL carry it over to next season Fair point, but I suppose Barnsley's argument would be that we had a sporting advantage, which is a difficult one as they weren't even in the same league at the time of the alleged infraction. Link to comment Share on other sites More sharing options...
Blue and white Posted July 19, 2020 Share Posted July 19, 2020 This whole sorry affair needs bringing to a conclusion now. We need to know what league we are playing next season and what market we are shopping in. 2 Link to comment Share on other sites More sharing options...
Andrew6666 Posted July 19, 2020 Share Posted July 19, 2020 53 minutes ago, EcclesallOwl said: Big Nige & the Cowley’s must’ve heard we’ve been cleared by the EFL and want to join in with spendageddon part 2 The Cowleys Link to comment Share on other sites More sharing options...
kevtheowl Posted July 19, 2020 Share Posted July 19, 2020 2 minutes ago, Blue and white said: This whole sorry affair needs bringing to a conclusion now. We need to know what league we are playing next season and what market we are shopping in. Championship mate, we’ll be fine !! UTO 1 Link to comment Share on other sites More sharing options...
ChinaOwl Posted July 19, 2020 Share Posted July 19, 2020 8 minutes ago, Blue and white said: This whole sorry affair needs bringing to a conclusion now. We need to know what league we are playing next season and what market we are shopping in. Wuhan Seafood Market. Bat Balti Pies all round next season. 3 Link to comment Share on other sites More sharing options...
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