rjdgull
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Post by rjdgull on May 31, 2024 10:19:14 GMT
link - out of administration at last. Players are in the building signing contracts. 😊
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Post by stig123 on May 31, 2024 11:44:48 GMT
Great news. Onwards and Upwards....good times ahead. Heaven knows we deserve it.
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Post by stewart on May 31, 2024 12:31:20 GMT
link - out of administration at last. Players are in the building signing contracts. 😊 Could you stay there for a few hours and let us all know who they are? |
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rjdgull
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Posts: 12,227
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Post by rjdgull on May 31, 2024 13:00:07 GMT
link - out of administration at last. Players are in the building signing contracts. 😊 Could you stay there for a few hours and let us all know who they are? I am not there! Just heard on the grapevine from colleagues meeting one of our players who was delayed re-signing at the club with a number of other players. Reckon there will be news very soon. |
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rjdgull
TFF member
Admin
Posts: 12,227
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Post by rjdgull on Jun 2, 2024 19:15:14 GMT
Worth bumping. Some seem to have forgotten this. It is worth remembering that the route of paying creditors x pence in the pound, used by so many League clubs, is NOT open to us. FA rules decree that in order to keep our place in the League system all creditors have to be paid in full. People should bear that in mind when thinking the incoming owners will have cash to splash. Unauthorised loans from directors are specifically EXCLUDED from this requirement. When you think about it, this is a very fair rule. Companies that have provided goods and services to the football club in good faith have done nothing wrong and deserve to be paid whereas directors who knowingly run football clubs in an unsustainable manner do so at their own risk. Worth bumping again. The only alternative option to a Phoenix was to meet the National League rules, which are a lot more Onerous than a normal administration process. Thought Jon outlined quite clearly what does and doesn’t need to be settled to retain our place in the pyramid. |
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