Sun Jan 03, 2010 10:06 am
Sun Jan 03, 2010 10:08 am
Sun Jan 03, 2010 10:10 am
Sun Jan 03, 2010 10:28 am
Sun Jan 03, 2010 10:36 am
Back of the Net wrote:IF we go bust, how on earth would Sam have the cash to buy the club? He's way down the pecking order in terms of creditors.
Sun Jan 03, 2010 10:54 am
Gerry Hat Trick wrote:Back of the Net wrote:IF we go bust, how on earth would Sam have the cash to buy the club? He's way down the pecking order in terms of creditors.
How so?
He's (Langston) the no1 creditor and as such will have a major control over how any administration goes. Once preferential creditors have been seen off he could write off his debt as equity and take control.
Sun Jan 03, 2010 10:57 am
Back of the Net wrote:Gerry Hat Trick wrote:Back of the Net wrote:IF we go bust, how on earth would Sam have the cash to buy the club? He's way down the pecking order in terms of creditors.
How so?
He's (Langston) the no1 creditor and as such will have a major control over how any administration goes. Once preferential creditors have been seen off he could write off his debt as equity and take control.
So how much do you think will be left once the preferential creditors have been paid off?
Sun Jan 03, 2010 10:58 am
Sun Jan 03, 2010 10:59 am
Back of the Net wrote:Gerry Hat Trick wrote:Back of the Net wrote:IF we go bust, how on earth would Sam have the cash to buy the club? He's way down the pecking order in terms of creditors.
How so?
He's (Langston) the no1 creditor and as such will have a major control over how any administration goes. Once preferential creditors have been seen off he could write off his debt as equity and take control.
So how much do you think will be left once the preferential creditors have been paid off? 10% of F all isn't much.
Sun Jan 03, 2010 11:03 am
Sun Jan 03, 2010 11:04 am
city_85 wrote:Isnt Sam the majority creditor??
As for season tickets, I havent returned my direct debit mandate to Zeba yet so the club havent got a penny of my money, I wonder how many people are in the same position? I bet a few might just tare the forms up!
The stamp is on the envolope and mine are ready to go in tomorrows post whatever happens.