Hope your right.......

I went pictures tonight, Steve saw this stuff on here and went pub, when we got back in we decided to open a bottle of fizzy wine (a nice one, but only because we had nothing stronger) and as Steve opened it it exploded all over this laptop, so Dave Parky if it dies now, its all your fault. Its bl00dy sticky, waste of good wine too.

Quote ="concerned leyther"I may be wrong but after the employees which you correctly state HMRC will have the luxury of secured creditor status along with the bank or banks. After that there won't be anything but bones to pick from. Sad times indeed but as stated above let's not hit the panic button. Let's wait for official word from the club they did promise transparency and seemed to have a business plan in place so let's keep calm. Reality is finally here we are in serious trouble but we've been here before and the challenge is there for us all to come together and grasp. To the person who is trying to rally troops to raise cash with buckets in the town centre I pledge here and now raise a thousand pounds this weekend and my business will match it. I also will pay up front for membership of Lisa if anyone can give me some contact details or who I need to contact etc. Let's come together. I've signed up tonight and will join LISA if someone can let me know how.'" click on www.leigh-isa.org.uk and follow links print off form, fill it in send it to 120 st helens road leigh mate

Quote ="concerned leyther"I may be wrong but after the employees which you correctly state HMRC will have the luxury of secured creditor status along with the bank or banks. After that there won't be anything but bones to pick from. Sad times indeed but as stated above let's not hit the panic button. Let's wait for official word from the club they did promise transparency and seemed to have a business plan in place so let's keep calm. Reality is finally here we are in serious trouble but we've been here before and the challenge is there for us all to come together and grasp. To the person who is trying to rally troops to raise cash with buckets in the town centre I pledge here and now raise a thousand pounds this weekend and my business will match it. I also will pay up front for membership of Lisa if anyone can give me some contact details or who I need to contact etc. Let's come together. I've signed up tonight and will join LISA if someone can let me know how.'" click on www.leigh-isa.org.uk and follow links print off form, fill it in send it to 120 st helens road leigh mate

Welcome aboard Pal, hopefully we can all do what we are able to do, soon.

Leythers are best when the backs at the wall and the scrap is in front of us.

No.

The directors are required to do their best to run a solvent business. However, as soon as they become aware (or should have become aware) that the business is, or may become, insolvent, then they have to take what steps they can to minimise any loss to creditors and protect the interests of the various stakeholders. In particular, they must not continue trading if the business is insolvent since that is a crime and something for which they can be made personally liable.

Directors have no legal responsibility to inject funds into an insolvent business to try and keep it in operation. If they did, no-one would ever take on the role.

Then what a complete and utter that individual is.

How about some of you please read what I am trying to tell you?

[size=150HMRC are NOT secured or Preferential!!!![/size

If the bank has a fixed charge then see my note earlier about how THEY rank.

If the bank (or anyone else) has one of the few surviving and enforceable floating charges (debenture) then they WILL rank after the employees but before everyone else.

Adey , chill this is an Internet forum , as disorganized a club as Leigh is , we do have accountants who understand the processes , us mere mortals will just have to ' suck it and see '

Quote ="concerned leyther"I may be wrong but after the employees which you correctly state HMRC will have the luxury of secured creditor status along with the bank or banks. After that there won't be anything but bones to pick from. Sad times indeed but as stated above let's not hit the panic button. Let's wait for official word from the club they did promise transparency and seemed to have a business plan in place so let's keep calm. Reality is finally here we are in serious trouble but we've been here before and the challenge is there for us all to come together and grasp. To the person who is trying to rally troops to raise cash with buckets in the town centre I pledge here and now raise a thousand pounds this weekend and my business will match it. I also will pay up front for membership of Lisa if anyone can give me some contact details or who I need to contact etc. Look on the left mate.www.leigh-isa.org.uk/lisadiary.php?pagenum=1 Let's come together. I've signed up tonight and will join LISA if someone can let me know how.'" look on the left mate www.leigh-isa.org.uk/lisadiary.php?pagenum=1

Quote ="concerned leyther"I may be wrong but after the employees which you correctly state HMRC will have the luxury of secured creditor status along with the bank or banks. After that there won't be anything but bones to pick from. Sad times indeed but as stated above let's not hit the panic button. Let's wait for official word from the club they did promise transparency and seemed to have a business plan in place so let's keep calm. Reality is finally here we are in serious trouble but we've been here before and the challenge is there for us all to come together and grasp. To the person who is trying to rally troops to raise cash with buckets in the town centre I pledge here and now raise a thousand pounds this weekend and my business will match it. I also will pay up front for membership of Lisa if anyone can give me some contact details or who I need to contact etc. Look on the left mate.www.leigh-isa.org.uk/lisadiary.php?pagenum=1 Let's come together. I've signed up tonight and will join LISA if someone can let me know how.'" look on the left mate www.leigh-isa.org.uk/lisadiary.php?pagenum=1

Having watched the recent fans forum online it seemed that mr freer had a pretty good angle on things and intimated he had personal guarantees placed on debt so I'm sure him and the other director won't let things go without a fight.

Let's let the those guys do what they need to do and concentrate on rallying around in order to raise funds.

My offer above is genuine if there are leathers willing to go out and raise a thousand pounds this weekend I shall match it with a donation.

Quote ="frankb"look on the left mate www.leigh-isa.org.uk/lisadiary.php?pagenum=1'" Many thanks.

Quote ="frankb"look on the left mate www.leigh-isa.org.uk/lisadiary.php?pagenum=1'" Many thanks.

Ive suggested this lets do it

Bog off then. I was only trying to help, especially when I see people saying things that look to be leading folk to either make the wrong judgment call or get more worried than they need. I'll know better in future.

i appreciate your help mate, thanks, i don't think Starbug meant to insult you.

The offer is there.

Not meant that way , you were only trying to help , but given the complexity of both our situation and the inland revenue system , added to the emotion flying around at this time , you could be here all night and none would be any the wiser



Hopefully we will survive , and just the fact you were here to witness our anguish tells us you are interested enough to care , thanks for that , all the best

Ps do you want a nice shiny new stadium , I might know where there's one going cheap ?

Well id like you to keep looking on here and posting if necessary.

Nice olive branch Steve.

Just pointing out our lack of understanding of ' big ' words Ian

I have just read through this thread and would like to throw my two 'pennorth worth in.

First I'd just like to say that I've only just joined LISA so don't have any right to comment on how they should or should not spend their money, but....

Personally I think that if LISA have money available then it should be spent on helping to save the club in any way they can. We have a situation here that is not the fault of the current directors but something they've inherited, and are doing their up most to keep the club alive.

The current financial situation is not insurmountable, it's pretty much a cash flow problem and as far as I understand it if they can get a lump sum of cash immediately we will survive. I know that LISA has always used the money in the past to buy players etc, but such is the situation ATM then I think that rather than sitting on the cash and letting the club fold, the money should be offered to help bail them out.

Just my opinion.

Seems very sensible to me Mishmash!

I agree with mishmash 100%

The current Directors were in that position during and before Arthurs tenure, they received the accounts and knew the situation. If they didn't like what was happening they could have resigned, what they were powerless to do was challenge the way the club was run.The rest I think most LISA members would agree with.
What is confusing me is why no comment when something has hit the public domain, a simple denial or stating the facts would suffice.
I hope this has raised the emotions of fans who love this club and will now be more eager than ever to do their bit to ensure its survival and for it then to become the club we believe it can be.

Can I just add that if LISA do offer money to the club then the fans will truly have helped to save the club.

Was it not stated at the forum that Mr Coffey had tendered his resignation but had agreed to help out and continue???

I dont think pointing fingers will get anyone anywere everyone needs to come together but unless you have put personal monies into the running of the club then certain information will need to stay behind closed doors until a point were it can become common knowledge.

If anyone wants to be party to the figures and running of the club as the two guys have stated they are open to cash investment and new board members. Mo not knowing who you are but reading some of your posts you apear very passionate and knowledgeable have you thought of investing????