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| Sounds like the rumour I heard in the pub [from a City fan.. that Mr Lawn at city was in cahoots with our Mr Lamb and Chris Caisley to take us to VP, has gone down in flames then??
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| Quote ="Pumpetypump"I'm entirely ignorant so please be gentle but is his function not to simultaneously pay creditors AND seek to enable a successor company to proceed?'"
His sole duty is to maximise the return for creditors. If selling the club on can bring in funds to help him do this - he will, but in the current circumstances the amount mentioned on another thread as BB2014's offer was I think £200k and that was when we appeared to be in a better position - but this is a sum which about runs the club for a month - so he's not going to carrying on for long if the losses continue to mount.
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| My question is. If a new buyer comes in and pays more creditors as per the RL rules can we get some of the 6 points back e.g 2 to make it 4 points deducted!
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| I got round to reading the administrators letter that I was sent 3weeks ago.
The interesting bit is " The transaction was a sale of the business and assets of the company, executed by way of a legal agreement on 31/1/14. This also included the transfer of all staff and players under TUPE.
As part of the agreement and to meet the requirements of the RFL, the purchasers are to make an offer to all trade creditors in the sum of 100p in the £."
So BB2014 were paying trade creditors in full, at the instructions of the RFL. No wonder the administrator thought they were the best option for creditors.
So again, the Rfl have changed something/gone back on something that the administrator thought was agreed.
Is that what will be in tomorrow's paper?
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| Quote ="Highlander"
As part of the agreement and to meet the requirements of the RFL, the purchasers are to make an offer to all trade creditors in the sum of 100p in the £."
So BB2014 were paying trade creditors in full, at the instructions of the RFL. '"
Trade creditors does not include HMRC I assume?
As always with these things, the devil is in the detail
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| Just been told Jay Willey has put her bid in
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| Quote ="roger daly"Just been told Jay Willey has put her bid in'"
What was it?. A tub of foundation and some free lip gloss?.
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| Quote ="Highlander"I got round to reading the administrators letter that I was sent 3weeks ago.
The interesting bit is " The transaction was a sale of the business and assets of the company, executed by way of a legal agreement on 31/1/14. This also included the transfer of all staff and players under TUPE.
[uAs part of the agreement and to meet the requirements of the RFL, the purchasers are to make an offer to all trade creditors in the sum of 100p in the £."
So BB2014 were paying trade creditors in full, at the instructions of the RFL[/u. No wonder the administrator thought they were the best option for creditors.
So again, the Rfl have changed something/gone back on something that the administrator thought was agreed.
Is that what will be in tomorrow's paper?'"
Was the purchasers going to pay the trade creditors out of there own money or was it going to come out of the loan/advance of £500k from the rfl ?
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| Jay Willey and the park ave guy, is it Bob Blackburn.Can do without her and her ego trip
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| Did Jay give it to Rimmer direct?
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| God help us. At least if Wiley succeeds we can just befriend her on facebook to keep in touch with everything that's going on.
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| Quote ="j.c"Was the purchasers going to pay the trade creditors out of there own money or was it going to come out of the loan/advance of £500k from the rfl ?'"
Hmmm we now know that was RFL bein economical with the truth no 500k advance was asked for
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| Quote ="Maccbull_BigBullyBooaza"Hmmm we now know that was RFL bein economical with the truth no 500k advance was asked for'"
Do we? Where has this been confirmed?
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| mmmm the £500K ....one side says they asked for an advance, the other says they wanted the Half sky money deducted over 5-6 years.....(what if they were relegated and sky money was less than 1/5th or 1/6th... What were they paying creditors off with......
The RFL seems to think it was the money from central funds.......what would they operate on for rest of season..?? have they stated anywhere if they were going to put funds into the club..(not a loan)
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| There will be a trail of emails I would imagine to confirm who is telling the truth. Maybe this might be what will be in the press tomorrow who knows?
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| Quote ="pie.warrior"mmmm the £500K ....one side says they asked for an advance, the other says they wanted the Half sky money deducted over 5-6 years.....(what if they were relegated and sky money was less than 1/5th or 1/6th... What were they paying creditors off with......
The RFL seems to think it was the money from central funds.......what would they operate on for rest of season..?? have they stated anywhere if they were going to put funds into the club..(not a loan)'"
The "other side" haven't mentioned it. It's Martyn Sadler who said on Radio Leeds that they requested the cut in funding be spread.
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| I was speculating about a paper / email trail earlier with a mate. It won't save us in any way but it'll be fun watching the world burn.
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| Heard that someone at red hall might be in the brown stuff due to him being at odds with email trail when he made statement to press rebutting mr moors statement.
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| Was driving behind jay Willey (well it was a range rover with krona sticker in the windows and reg JAY) when I left the stadium, suppose she was there as a guest of the admin.
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| I got to the game about 5 minutes late and Mark Moore entered at the same time.
When we went into the stadium, he just watched the game from the top pathway. Not sure if he made it down to the terracing.
Looking forward to tomorrows RL news stories - watch it will all be something of nothing
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| Quote ="broadybull87"Was driving behind jay Willey (well it was a range rover with krona sticker in the windows and reg JAY) when I left the stadium, suppose she was there as a guest of the admin.'"
Wonder the reason for her not wanting to use her last name on the licence plate?
[size=50(Sorry, childish I know)[/size
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| Quote ="daveyz999"I got to the game about 5 minutes late and Mark Moore entered at the same time.
When we went into the stadium, he just watched the game from the top pathway. Not sure if he made it down to the terracing.
Looking forward to tomorrows RL news stories - watch it will all be something of nothing
'"
[iThe RFL took into consideration that Mark Moore had two chocolate digestive biscuits during the meeting held at Red Hall when policy states one is enough.[/i
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| Quote ="hindle xiii"[iThe RFL took into consideration that Mark Moore had two chocolate digestive biscuits during the meeting held at Red Hall when policy states one is enough.[/i'"
As a result, the board unanimously agreed that a 6 point deduction would be adequate punishment.
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| Quote ="daveyz999"
When we went into the stadium, he just watched the game from the top pathway. Not sure if he made it down to the terracing.
'"
There's something almost heartbreaking in that
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| Quote ="zapperbull"My question is. If a new buyer comes in and pays more creditors as per the RL rules can we get some of the 6 points back e.g 2 to make it 4 points deducted!'"
Hard to pay back more that 100p in the £
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