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SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 6:07 pm

So it looks like it was Steve Davies who was correct all the time, the messages are now saying the embargo as been lifted as long, yes as long as we stick to the repayment plan. There should be a few people eating humble pie at dissing Steve's and Annis's posts as scaremongering and rumour spreading, looks like they had it right and lot's of others just believed the spin.

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 6:10 pm

yer and TLG who knows everything said there was "no embargo" !! shows how much he knows

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 6:17 pm

BigGwynram wrote:So it looks like it was Steve Davies who was correct all the time, the messages are now saying the embargo as been lifted as long, yes as long as we stick to the repayment plan. There should be a few people eating humble pie at dissing Steve's and Annis's posts as scaremongering and rumour spreading, looks like they had it right and lot's of others just believed the spin.


So where is the evidence that there was an EMBARGO placed on the club?? (one apparently placed on us whilst the transfer window was not even open?)

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 6:26 pm

Be assurred that if this Tax bill had not been paid then an embargo would have been placed on the club when the transfer window opened. There is no record of a transfer embargo at the Football league but surely there would definately have been paperwork threatening an embargo sent to the club ton remind them of the implications if they failed to settle the bills.

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 6:34 pm

Ben wrote:yer and TLG who knows everything said there was "no embargo" !! shows how much he knows


Not sure about the validity of an embargo when the transfer window is closed :?

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 6:55 pm

JonesMustGo wrote:
Ben wrote:yer and TLG who knows everything said there was "no embargo" !! shows how much he knows


Not sure about the validity of an embargo when the transfer window is closed :?


I think it ensures that the depth of the problem at any club is out in the open! Some are pretty good at hiding the true financial situation!

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 7:07 pm

corky wrote:Be assurred that if this Tax bill had not been paid then an embargo would have been placed on the club when the transfer window opened. There is no record of a transfer embargo at the Football league but surely there would definately have been paperwork threatening an embargo sent to the club ton remind them of the implications if they failed to settle the bills.


Since the last court case the club has paid £600,000 towards the tax bill. (hence the withdrawal of winding up order) - Where did that money come from?

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 7:15 pm

The club have borrowed against the TV money due in April allegedly, this was brought up previously, but also didn't they get presented with a cheque on the pitch half time against Preston, from the football trust or something.I'm just glad they are paying it off, creditors are one thing HMRC are something else.

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 7:30 pm

BigGwynram wrote:So it looks like it was Steve Davies who was correct all the time, the messages are now saying the embargo as been lifted as long, yes as long as we stick to the repayment plan. There should be a few people eating humble pie at dissing Steve's and Annis's posts as scaremongering and rumour spreading, looks like they had it right and lot's of others just believed the spin.


No mate there was never an embargo imposed never got that far, you can check with the football league like I did under the freedom of information act if you don't believe me.

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 7:38 pm

vince.alm wrote:
BigGwynram wrote:So it looks like it was Steve Davies who was correct all the time, the messages are now saying the embargo as been lifted as long, yes as long as we stick to the repayment plan. There should be a few people eating humble pie at dissing Steve's and Annis's posts as scaremongering and rumour spreading, looks like they had it right and lot's of others just believed the spin.


No mate there was never an embargo imposed never got that far, you can check with the football league like I did under the freedom of information act if you don't believe me.


Freedom of Information act refers to PUBLIC bodies.

The Football League is a PRIVATE body.

Ho hum. That's why people anti the Blues move were able to invoke FOI against the council to get true attendance figures, NOT the Blues.

And no, there was never an embargo placed. There was the potential for one to be. Big difference. So, on that score, TLG was right for once.

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 7:43 pm

nerd wrote:
vince.alm wrote:
BigGwynram wrote:So it looks like it was Steve Davies who was correct all the time, the messages are now saying the embargo as been lifted as long, yes as long as we stick to the repayment plan. There should be a few people eating humble pie at dissing Steve's and Annis's posts as scaremongering and rumour spreading, looks like they had it right and lot's of others just believed the spin.


No mate there was never an embargo imposed never got that far, you can check with the football league like I did under the freedom of information act if you don't believe me.


Freedom of Information act refers to PUBLIC bodies.

The Football League is a PRIVATE body.

Ho hum. That's why people anti the Blues move were able to invoke FOI against the council to get true attendance figures, NOT the Blues.

And no, there was never an embargo placed. There was the potential for one to be. Big difference. So, on that score, TLG was right for once.


Yes you are correct, but the Tax collector is a public body so basic information is covered under the FOI act, regards informing you of basic information but not personal details

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 7:46 pm

Sorry forgot to add that why the football league has to make it public knowledge

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 7:47 pm

Sorry forgot to add that why the football league has to make it public knowledge

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 7:54 pm

corky wrote:Be assurred that if this Tax bill had not been paid then an embargo would have been placed on the club when the transfer window opened. There is no record of a transfer embargo at the Football league but surely there would definately have been paperwork threatening an embargo sent to the club ton remind them of the implications if they failed to settle the bills.


There was an embargo in place, the same embargo placed on quite a few clubs in financial mire at present even at Championship level, fortunatly your Club was in a good position to represent to the Revenue it was/is in a position to pay it's dues and had the resources hopefully to see it through regards a repayment plan. The revenue would rather get settled than wind up Companies especially in the financial climate. Customs are far more tougher than Revenue to satisfy. Poster Davies was correct in his information to this forum. Todays HC hearing has clearly allowed the embargo regulation to be lifted. Sailing close to the wind but how many football clubs lesser to the mighty Premiership are not at present, many relying on depth of finance from board members. The last two years have been very tough years for all Companies world wide with the odd exception. Premiership certain clubs are even struggling to survive these days, Portsmouth are in serious problems real serious problems as well as others too. Some names you would be very suprised at indeed as you think are glamour clubs.

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 7:58 pm

TNT wrote:
corky wrote:Be assurred that if this Tax bill had not been paid then an embargo would have been placed on the club when the transfer window opened. There is no record of a transfer embargo at the Football league but surely there would definately have been paperwork threatening an embargo sent to the club ton remind them of the implications if they failed to settle the bills.


There was an embargo in place, the same embargo placed on quite a few clubs in financial mire at present even at Championship level, fortunatly your Club was in a good position to represent to the Revenue it was/is in a position to pay it's dues and had the resources hopefully to see it through regards a repayment plan. The revenue would rather get settled than wind up Companies especially in the financial climate. Customs are far more tougher than Revenue to satisfy. Poster Davies was correct in his information to this forum. Todays HC hearing has clearly allowed the embargo regulation to be lifted. Sailing close to the wind but how many football clubs lesser to the mighty Premiership are not at present, many relying on depth of finance from board members. The last two years have been very tough years for all Companies world wide with the odd exception. Premiership certain clubs are even struggling to survive these days, Portsmouth are in serious problems real serious problems as well as others too. Some names you would be very suprised at indeed as you think are glamour clubs.




Here we go the politics again, its better than buying the guardian :lol:

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 7:59 pm

Reading between lines and crossed lines, certain people have seen a document in relation to embargo's, but at the end of the day this could be the League warning our club that unless a satisfactory outcome was achieved at the first court hearing with the HMRC, the the embargo automatically would come into play, sounds feasible and also a pressure tactic to force our club to make some sort of settlement plans with the HMRC.

This talk of the embargo being lifted could hopefully just be the threat of the automatic embargo not being issued, either way as long as we can bring some people in, its now up to us to buy our season tickets in numbers and trust that Dave Jones will be given money to spend.

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 8:01 pm

It makes no difference anyway...I can find no proof that this was in place from any source but some are adament we had an embargo, others adament we didn't...its history now.

Like Gwyn says as long as we can bring some people in, its now up to us to buy our season tickets in numbers and trust that Dave Jones will be given money to spend.

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 8:05 pm

corky wrote:It makes no difference anyway...I can find no proof that this was in place from any source but some are adament we had an embargo, others adament we didn't...its history now.

Like Gwyn says as long as we can bring some people in, its now up to us to buy our season tickets in numbers and trust that Dave Jones will be given money to spend.



it was abit like being banned from watching City until.... Friday :lol:

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 8:11 pm

There was never an embargo and neither you, Annis, or anyone has the evidence to say otherwise. However there are a large number of clubs close to embargos depending on a variety of financial issues this is higher than normal. at start of business today before the court hearing (pre determined) CCFC was not one.

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 8:12 pm

vince.alm wrote:
BigGwynram wrote:So it looks like it was Steve Davies who was correct all the time, the messages are now saying the embargo as been lifted as long, yes as long as we stick to the repayment plan. There should be a few people eating humble pie at dissing Steve's and Annis's posts as scaremongering and rumour spreading, looks like they had it right and lot's of others just believed the spin.


No mate there was never an embargo imposed never got that far, you can check with the football league like I did under the freedom of information act if you don't believe me.


Im afraid you are misinformed, the freedom of information act does not cover this regulation. Its a private matter with the FL, Club and other Clubs, not football supporters. Plymouth are a perfect example, when do you feel their actual embargo was placed to the date they announced it. Why not use your freedom of information act to find out the actual date? Look forward to your findings.

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 8:33 pm

corky wrote:It makes no difference anyway...I can find no proof that this was in place from any source but some are adament we had an embargo, others adament we didn't...its history now.

Like Gwyn says as long as we can bring some people in, its now up to us to buy our season tickets in numbers and trust that Dave Jones will be given money to spend.


Well said that man. Its irrelevant now albeit the one poster is actually incorrect.

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 8:45 pm

If this is so could you please provide the exact situation regards WH Sports and it's tax situation since liquidation.

The last statement was from Messer Ridsdale in the NOW " all be paid by Christmas" It's the 16th of December today , nine days prior to Christmas , can you please enforce your act of regulation and update this forum to the current tax situation with WH Sports Ltd?

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 8:57 pm

in the meeting at the muni this was brought up ,he said that hmrc had sercured it against his cardiff city shares! :D

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 9:09 pm

That would not be acceptable for repayment in full. That would be a situation of valuation difference. Reading once again through the archive of forums its reported these shares were purchased by Ridsdale himself for 20k. If that was the case as reported then the Revenue would be looking very closely at true valuation in the near distant future to see if they were only an asset of 20k as claimed and not of previous/current real valuation when aquired or present day.

Now doubt the poster Vince.Alm will be able to answer this question once he has again gained the information from the Revenue as in his words they are a Public Body and open to the act/regulation that he quotes tonight on this forum.

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 9:12 pm

With of course the dates of embargos of all Clubs currently under restriction as its apparantly open to him under the FOI act.

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 9:18 pm

TNT wrote:That would not be acceptable for repayment in full. That would be a situation of valuation difference. Reading once again through the archive of forums its reported these shares were purchased by Ridsdale himself for 20k. If that was the case as reported then the Revenue would be looking very closely at true valuation in the near distant future to see if they were only an asset of 20k as claimed and not of previous/current real valuation when aquired or present day.

Now doubt the poster Vince.Alm will be able to answer this question once he has again gained the information from the Revenue as in his words they are a Public Body and open to the act/regulation that he quotes tonight on this forum.


since 62 keith he asked him and it was along those lines i dont know the ins or out s of it but he seem to accept what he said,i think that if atke over doesnt happen soon pr is in shit on a personal level rather than the club

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 9:28 pm

I can't imagine the HMRC holding off payment in lieu of a share holding, which we all know can go down in value as well as up,as can be seen when he bought the £500,000 worth of himself for £20,000 pounds, and now wants them to be usedagainst his half million pound tax bill, that's what you call a fluctuation in share values. :lol: :lol: :lol:

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 9:34 pm

BigGwynram wrote:I can't imagine the HMRC holding off payment in lieu of a share holding, which we all know can go down in value as well as up,as can be seen when he bought the £500,000 worth of himself for £20,000 pounds, and now wants them to be usedagainst his half million pound tax bill, that's what you call a fluctuation in share values. :lol: :lol: :lol:


keith will know he asked him about it im no accountant

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 9:35 pm

Clarity from Since 62 Keith would be good to the matter, whats his background and knowledge of the matter?

To keep it in English, you cant purchase something for 20k thats previously worth 500k and transfer it from Company to personal name with out attracting further tax gains. This would be the reason the Revenue will be watching the situation for the tax on profits of these shares. That though has nothing to do with WH Sports actual tax arrears and non payments as quoted in the public domain would be " returned by Christmas" to the public purse. No issue to your football club but as vince.alm states the FOI in finding out matters of revelance to tax affairs , as he claims it will be interesting to see the result of such matters under this act he clearly states he uses to gather information on your current plight with the FL and Revenue as they are public bodies.

Re: SO THERE WAS AN EMBARGO

Wed Dec 16, 2009 10:06 pm

So Annis starts this off by saying "I believe we have got a TRANSFER EMBARGO ON OUR CLUB"

Corky then says "an embargo would have been placed on the club" - the key difference being "would" not is.

The League tell the world and his wife that Plymouth are subject to embargo but not a tweet about City.

Vince says you can use the freedom of information act to require the football league to give you information - but you can't

And then TNT says "The revenue would rather get settled than wind up Companies especially in the financial climate. Customs are far more tougher than Revenue to satisfy." when there hasn't been a separate "revenue" and "Customs" for years - it's HM Revenue & Customs.

This is like Chicken Licken getting hit on the head by an acorn and shouting out that the sky is falling. Its all total rubbish.