The Riddler facing the heat with the press now

Please note there are 2 pages on this article - first page interesting mind -
This is page 1 -
http://www.walesonline.co.uk/footballna ... -25800748/


This is page 2 -
http://www.walesonline.co.uk/footballna ... 5800748/2/

Just obscene.

The reasons for this man to cease to exist just keep mounting up.

Good to see the local press printing this story at last. Shame it doesn't mention that Ridsdale allegedly bought the £500k worth of shares in CCFC from WH Sports for £20k. That's the real scandal.

In reference to his WH Sports spat with the HMRC. Allegedly, he has until April 22nd I believe to pay the debt off or he will be disqualified from holding a directorship with any company in the UK. That's my understanding of the way things stand at the monent anyways according to all the press articles I have read on the subject.

Good to see the local press printing this story at last. Shame it doesn't mention that Ridsdale allegedly bought the £500k worth of shares in CCFC from WH Sports for £20k. That's the real scandal.

Nothing alleged about it though Mike is there.

It is set out in black and white in the directors` report to creditors in the liquidation papers for WH Sports and was also confirmed by PR to be the case when I asked him at the Muni meeting on 30 Nov. last year.


Keith

Good to see the local press printing this story at last. Shame it doesn't mention that Ridsdale allegedly bought the £500k worth of shares in CCFC from WH Sports for £20k. That's the real scandal.

Nothing alleged about it though Mike is there.

It is set out in black and white in the directors` report to creditors in the liquidation papers for WH Sports and was also confirmed by PR to be the case when I asked him at the Muni meeting on 30 Nov. last year.


Keith

Is it correct that he has until 22 April to pay up or face disqualification from any directorship?

In reference to his WH Sports spat with the HMRC. Allegedly, he has until April 22nd I believe to pay the debt off or he will be disqualified from holding a directorship with any company in the UK. That's my understanding of the way things stand at the monent anyways according to all the press articles I have read on the subject.

There is no such deadline of 22 April or any other set date.

If WH Sports had been solvent (i.e. had more assets than liabilities) it would have had a year to pay off its debts.

But WHSports was clearly insolvent , as evidenced by a sworn legal declaration signed by PR himself.

The liquidator`s conduct report on the directors (Mr and Mrs Ridsdale) had to be submitted within 6 months of the liquidation - i.e. before 22 October last year , and would have said that there were matters DBERR (used to be the DTI)should consider as breaches of duty - because of the nature and extent of the tax debts - in deciding whether to go to court to seek a directors` disqualification order. The liquidator`s report is usually the key element in making that decision , coupled with any past record of company failures.

The press were reporting in the last couple of days that they had checked with the liquidator`s solicitor (Stephen Allinson) who had confirmed that none of the debt due had been paid as of the end of last week.

In reference to his WH Sports spat with the HMRC. Allegedly, he has until April 22nd I believe to pay the debt off or he will be disqualified from holding a directorship with any company in the UK. That's my understanding of the way things stand at the monent anyways according to all the press articles I have read on the subject.

There is no such deadline of 22 April or any other set date.

If WH Sports had been solvent (i.e. had more assets than liabilities) it would have had a year to pay off its debts.

But WHSports was clearly insolvent , as evidenced by a sworn legal declaration signed by PR himself.

The liquidator`s conduct report on the directors (Mr and Mrs Ridsdale) had to be submitted within 6 months of the liquidation - i.e. before 22 October last year , and would have said that there were matters DBERR (used to be the DTI)should consider as breaches of duty - because of the nature and extent of the tax debts - in deciding whether to go to court to seek a directors` disqualification order. The liquidator`s report is usually the key element in making that decision , coupled with any past record of company failures.

The press were reporting in the last couple of days that they had checked with the liquidator`s solicitor (Stephen Allinson) who had confirmed that none of the debt due had been paid as of the end of last week.

I stand corrected thanks for the info. Do you think DBERR will go to court to seek a directors` disqualification order.

Good to see the local press printing this story at last. Shame it doesn't mention that Ridsdale allegedly bought the £500k worth of shares in CCFC from WH Sports for £20k. That's the real scandal.

Mind you if you consider the state of CCFC finances I bet the current market value of those shares is less than £20,000

You can see why PR is fighting to keep his position by hook or by crook. He needs the bonuses to stop him from being struck off as a director.

He will NEVER walk unless he is paid off.

You can see why PR is fighting to keep his position by hook or by crook. He needs the bonuses to stop him from being struck off as a director.

He will NEVER walk unless he is paid off.

Sadly never has a truer word been posted on this MB