Did SFA Offer D&P A Deal

[pete 2,499]

Nobody gets banned on here for having a different opinion. We do ask ask people to treat everyone with respect. It would be a boring forum if we all agreed with each other. Admitedly two people bickering over the same point does become a bit tedious.l

[Guest Guardian]

Hoping a bid built on debt fails. yeah I kind of do.

 

if green wasn't demanding to be repaid his 8 million I could support him.

 

add in the interest and no doubt any working capital he actually puts in and we will be back to square one.

 

only difference is instead of paying lloyds we will be paying green.

 

what I really hope is that he fails soon before its too late. their will come a point where he's the lesser of two evils pretty soon.

 

 

You say TBK wanted a CVA, yet you claim TBK would pay off football creditors first. You do realise they are two mutually exclusive ideas. HMRC would NEVER agree to a CVA which did this.

 

Now moving on to funding, leaving aside that TBK don't have any, their plan was to chip in a few bob and then have a share issue which it was claimed would be underwritten by them so couldn't fail. Well in terms of raising cash it would fail. This is where TBK propaganda slips up. It seems fair enough til you scrutinise it. Once the share issue fails, yes it will be underwritten by TBK. Given their complete lack of cash, or willingness to part with it, how will they fund that underwriting ? Yes, you've guessed it, they'd BORROW it.

 

There is also the minor matter of the £10m they were going to give Ticketus that they assured us was a good deal.

 

Aye TBK, the debt-free option.

 

You must be jesting.

[the gunslinger 3,366]

You say TBK wanted a CVA, yet you claim TBK would pay off football creditors first. You do realise they are two mutually exclusive ideas. HMRC would NEVER agree to a CVA which did this.

 

Now moving on to funding, leaving aside that TBK don't have any, their plan was to chip in a few bob and then have a share issue which it was claimed would be underwritten by them so couldn't fail. Well in terms of raising cash it would fail. This is where TBK propaganda slips up. It seems fair enough til you scrutinise it. Once the share issue fails, yes it will be underwritten by TBK. Given their complete lack of cash, or willingness to part with it, how will they fund that underwriting ? Yes, you've guessed it, they'd BORROW it.

 

There is also the minor matter of the £10m they were going to give Ticketus that they assured us was a good deal.

 

Aye TBK, the debt-free option.

 

You must be jesting.

 

you just made all that up but good on you.

[Frankie 8,169]

you just made all that up but good on you.

 

I can't qualify his post but there were some interesting points within it.

 

The only clear thing throughout all this is that the plans and funding of all bids have been unclear and open to subjective interpretation.

[the gunslinger 3,366]

I can't qualify his post but there were some interesting points within it.

 

The only clear thing throughout all this is that the plans and funding of all bids have been unclear and open to subjective interpretation.

 

we've seen tbk letter of offer. if we take that at face value then we know they weren't buying the club with our cash like green.

 

guess work about future funding via debt is fine but not substsntive.

 

the point on the cva isn't set in stone. hmrc also want payments for 5 years before approving a cva green isn't offering that so his cva doesn't meet hmrc criteria.

 

not paying the football debt will not be a viable option for us. we will be hammered.

[caseyjones 0]

I can't qualify his post but there were some interesting points within it.

 

The only clear thing throughout all this is that the plans and funding of all bids have been unclear and open to subjective interpretation.

 

D&P have been the ones making those subjective interpretations.

 

They were on the verge of making TBK preferred bidders, despite ridiculing their bids throughout.

 

They made Bill Miller preferred bidder only for him to pull out a few days later with claims of figures being hidden, but as Pritchett stated, Miller never had the money required to see it through.

 

Now they have given another right Charlie the Green light and he too appears to be struggling to live up to his early promises.

[the gunslinger 3,366]

guardian also used to go nuts about the debt element of the ticketus deal that tbk binned.

 

I assume he's equally disgusted about greens purchase of us via debt.

[Frankie 8,169]

D&P have been the ones making those subjective interpretations.

 

They were on the verge of making TBK preferred bidders, despite ridiculing their bids throughout.

 

They made Bill Miller preferred bidder only for him to pull out a few days later with claims of figures being hidden, but as Pritchett stated, Miller never had the money required to see it through.

 

Now they have given another right Charlie the Green light and he too appears to be struggling to live up to his early promises.

 

D&P have offered it to everyone at some stage then changed their mind at the last minute.

 

It can either show how poor they are or, conversely, how poor the bids were.

 

Subjectivity indeed!

[Darthter 542]

Now they have given another right Charlie the Green light and he too appears to be struggling to live up to his early promises.

 

yet....Green is still on course, has issued the CVA, and has met all financial obligations so far!!!

[caseyjones 0]

yet....Green is still on course, has issued the CVA, and has met all financial obligations so far!!!

 

He's met all financial obligations? There appears to be some debate on that one.