Re: Doesn't add up ! : Sat Jan 08, 2011 3:39 am  

Could any one tell me if your playing at cardiff, have you payed the coach company who are taking you there?.
I need to know asap, as i want to buy a ticket for the match!!

Re: Doesn't add up ! : Sat Jan 08, 2011 7:55 am  

Cas--Grrr wrote:

Could any one tell me if your playing at cardiff, have you payed the coach company who are taking you there?.
I need to know asap, as i want to buy a ticket for the match!!

Nah save yer pocket money son go and watch it on next doors telly, if they don't have one either try your usual method of watching through a shop window.

Re: Doesn't add up ! : Sat Jan 08, 2011 8:44 am  

Cas--Grrr wrote:

Could any one tell me if your playing at cardiff, have you payed the coach company who are taking you there?.
I need to know asap, as i want to buy a ticket for the match!!

God bless the education system.

Re: Doesn't add up ! : Sat Jan 08, 2011 8:54 am  

New York Bar X111 wrote:

Doesnt add up, how come the club are after 500,000 after failing to recieve 350,000 whichhas put them in debt. What was the 350,000 for? was it being lent from Peter to pay Paul? what is the 500,000 for? why arnt the club giving more information when asking for such large ammounts of money?(Together we are stronger!) what happened to Plan B? where have the debts come from? at meetings we were told that the club was operating within its means. What happened to the Brough money? what happened to the Atkins money? what happened to the Pitts money? were we making a profit when we finished 5th in the league? There are so many questions surely fans hve a right to know before donating large sums of money

£350k was due upon outline PP being granted. Given that all indications had been positive I suspect that the club persuaded the bank to lend against this money. The bank are probably playing hardball now (although I doubt they lent anywhere near £350k). In the absence of information to the contrary I'm assuming that the debts relate to off-season costs (e.g. wages) that aren't helped with the absence of gate receipts.

The funds for Atkins went straight to the tax-man. The Brough move was cash plus Kirmond on loan - despite his value on the field, the cash value will have been substantially reduced as he was approaching the end of his contract & we won't have got a substantial sum for him (£30k max IMHO). Pitts wasn't a first team regular so wouldn't have commanded a huge fee - again £20k to £30k.

Our 5th place finish will have been unlikely to have delivered significant profits & I wouldn't be surprised if we lost money that year too.

Plan B for the stadium is still going forward.

Information is the key & those of us who are shareholders that couldn't attend the meeting will just have to see what information the club are willing to send us.

Re: Doesn't add up ! : Sat Jan 08, 2011 9:05 am  

Thanks RDM.

Re: Doesn't add up ! : Sat Jan 08, 2011 9:10 am  

RDM wrote:

£350k was due upon outline PP being granted. Given that all indications had been positive I suspect that the club persuaded the bank to lend against this money. The bank are probably playing hardball now (although I doubt they lent anywhere near £350k). In the absence of information to the contrary I'm assuming that the debts relate to off-season costs (e.g. wages) that aren't helped with the absence of gate receipts.

According to posts on other threads, the 350K is a tax bill due to HMRC by the end of the month. The reasons why we have this huge tax bill are also explained there (sorry, I can't remember exactly where now - try the "Wildcats Share Scheme" or "New Invester [sic]" threads). The truth, the whole truth, and nothing but the truth is (and will probably remain) elusive.

Re: Doesn't add up ! : Sat Jan 08, 2011 9:14 am  

J.T wrote:

God bless the education system.

The penal system will doubtless be making the necessary preparations.

(Note to Cas--Grrr: That's where they put you in prison, it's got nothing to do with the size of your John Thomas.)

Re: Doesn't add up ! : Sat Jan 08, 2011 9:20 am  

RebelRebel wrote:

According to posts on other threads, the 350K is a tax bill due to HMRC by the end of the month. The reasons why we have this huge tax bill are also explained there (sorry, I can't remember exactly where now - try the "Wildcats Share Scheme" or "New Invester [sic]" threads). The truth, the whole truth, and nothing but the truth is (and will probably remain) elusive.

RR - Like you say, the truth remains elusive. If it is a tax bill with an absolute deadline where is the winding up petition from HMRC? They've been happy to do it in the past so why not now?

I know that the club bank with Bank of Scotland & I also know that BoS have been very tough with their business customers over the last few years. The bank are also in a much easier position to force the club into Administration through the Debenture that will be in place to secure any funding.

Re: Doesn't add up ! : Sat Jan 08, 2011 9:54 am  

RDM wrote:

If it is a tax bill with an absolute deadline where is the winding up petition from HMRC? They've been happy to do it in the past so why not now?

How do you know they haven't?

Re: Doesn't add up ! : Sat Jan 08, 2011 10:00 am  

if we dont pay our bills wed get cut off, or evicted, the only people to blame are the bod. why didnt they cut the staff bill or merge jobs and pay the bills. atkins, tronc, brough, pitts, westwood, newton rip sold for the quick buck. ted in an iva. yes your right it doesnt add up.