Re: Administration 3 - now in technicolour : Sun Jan 01, 2017 10:04 pm  

Do not understand point 2 , can anyone expand !

Re: Administration 3 - now in technicolour : Sun Jan 01, 2017 10:24 pm  

debaser wrote:

Sound like we are f***ed then.

Well in a word... yes it would seem so. Certainly not expecting any big money buyer who is willing to bankroll the rebuild. Though remember that Chalmers/Lumb have a vested interest and do not have a clue what any of the other bidders are offering or indeed who they are.

But I'm not feeling particularly optimistic right now.

Re: Administration 3 - now in technicolour : Sun Jan 01, 2017 10:27 pm  

weighman wrote:

Do not understand point 2 , can anyone expand !

If the club is liquidated, the admin would sell all remaining assets and the creditors would be paid out of the funds raised in doing so.
Despite there supposedly not being much there in the way of assets to sell, Chalmers is saying that his offer to the creditors was so sh*t that liquidation would actually have raised more money.

So basically he wanted the club for next to nothing and now he's bitching in the press about it. Also not sure how Lamb knows anything about other bids given that all bids are private. My guess is he's just full of sh*t too just like he was in the last admin.

Re: Administration 3 - now in technicolour : Sun Jan 01, 2017 10:34 pm  

Yep, Lamb's strategy of buying if liquidated because he cares about the rugby seems rather at odds. If you want the club Richard then buy it.

Oh you can't can you?

Re: Administration 3 - now in technicolour : Sun Jan 01, 2017 10:35 pm  

So all the talk of multi million pound bids from Reet Petit was so much bullsh*t.

Re: Administration 3 - now in technicolour : Sun Jan 01, 2017 10:40 pm  

rugbyreddog wrote:

So all the talk of multi million pound bids from Reet Petit was so much bullsh*t.

Well the thing is, at the stage when he was so full of optimism, I suspect he might only have known who the interested parties were and how much they were worth etc.
I'm fairly certain he never said anything about multi million pound bids.

You could have someone like Irvine - worth a few bob - show serious interest in the club. Petit gets all excited. Irvine then turns around and says actually mate, I only want it once it's been liquidated.

You could have the wealthiest guy in the world bidding for the club but at the end of the day you can't stop him offering only pennies to the creditors. These guys are rich for a reason - they aren't mugs.

Re: Administration 3 - now in technicolour : Sun Jan 01, 2017 10:42 pm  

F@ck this fu#cking bull $hit it's boring now...
If we are dead we'll sort it if we aren't we'll sort it..

Will check back in Tues night

Re: Administration 3 - now in technicolour : Sun Jan 01, 2017 10:42 pm  

Purely amateur behaviour on his part then. I can see Green coming back.

Re: Administration 3 - now in technicolour : Sun Jan 01, 2017 10:46 pm  

Ive not read the pieces only whats been put on here but as from what i have read nothing has changed.

Not seen anything mentioned about the current bid.

Re: Administration 3 - now in technicolour : Sun Jan 01, 2017 10:47 pm  

Rod studds idea sounds better and better now.
Better you fans run the club in a correct manner than go through this poop again