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Post by keithAM11532 on Mar 8, 2023 18:25:41 GMT 1
Last week this wasn’t even a real possibility, now it is and could be the only way to actually sort this mess out. Don’t forget DH still owns Canalside which someone would need to buy !! It’s not a great situation at the moment and it’s almost changing daily / hourly, Never thought I would say this but Administration with points deducted this season would be a far better option in so many ways than to be relegated without admin, obviously to survive in the championship is still the preferred option just looks more and more unlikely. It would mean a complete fresh start for next season. Well, surely better to be relegated with new owners and not admin? I am sure the sale of the club is becoming more problematic as each day passes. Notwithstanding Potless holding out to try and get whatever he can at whatever the consequence, the closer we slip to relegation the lower the purchasing price becomes. Now if you factor in administration the picture becomes even more murkier. Better to get those points this season, because if we start next season in League 1 with a points deduction we might well be heading to League 2 as well. I don't think its no secret that Dean will not continue paying to keep us afloat forever, so administration might well arrive soon. I did not not know about the March 23rd deadline so good OP. |
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Post by turbo2 on Mar 8, 2023 18:26:36 GMT 1
I’m not arguing with anyone. But where does this 23rd march date come from.
This is as I understand it
Relegation Changes
This would see the prospect of relegation change. If a club in administration was relegated, then they would begin the next season with a points deduction. If a side stayed up, then their points tally for that campaign would see 10 points deducted. This mean that if they slid into the relegation slots at the end of the campaign due to the points deduction, then they would be relegated.
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Yuta be a terrier
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Post by Yuta be a terrier on Mar 8, 2023 18:26:56 GMT 1
So we’d be -10 in League One, Jesus fucking Christ Quick Google would suggest that as long as its done before the deadline then its applied this season regardless. After the deadline then its dependent on staying up then the penalty is applied to this season. If we do it after the deadline and go down before the deductiom of 12 points then it rolls over...... I think. |
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Yuta be a terrier
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Post by Yuta be a terrier on Mar 8, 2023 18:29:54 GMT 1
Taken from a football finance blog
When this deduction is applied, however, depends on two factors:
When the insolvency occurs
Where the team finishes in the league
If the insolvency event occurs outside of the normal playing season the team will begin the next season on minus 12 points. If the event occurs before the fourth Thursday in March the deduction will apply immediately. Finally, if the event occurs after this time yet still within the normal playing season the deduction is applied when the final league standings are confirmed. If the team ends the season within the relegation zone the deduction is then applied the following season.
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Deleted
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Post by Deleted on Mar 8, 2023 18:30:25 GMT 1
seen as Dean Hoyle doesn't own the club, could he buy the club out of administration if there were a lack of buyers?
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Post by willo on Mar 8, 2023 18:33:05 GMT 1
What a mess. And it’s all of our own making which makes it all the worse.
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Post by Teddington Ted on Mar 8, 2023 18:34:52 GMT 1
Uncle Ken might have to rescue us again!
Hoyle and Big Phil: I didn’t trust them since I saw them trying to carry that piano up the stairs in ‘The Music Box’.
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Post by stinkypete on Mar 8, 2023 18:35:20 GMT 1
What a mess. And it’s all of our own making which makes it all the worse. It’s not mine or yours making, it’s greedy businessmen treating the club like it’s their own little toy to play with! |
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Post by leroy212 on Mar 8, 2023 18:35:29 GMT 1
As said before, the way this club has been run in last few years is unbelievable. From been told club was in a healthy place financially to be on the verve of administration is crazy
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TTCMatt
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Post by TTCMatt on Mar 8, 2023 18:36:44 GMT 1
Last week this wasn’t even a real possibility, now it is and could be the only way to actually sort this mess out. Don’t forget DH still owns Canalside which someone would need to buy !! It’s not a great situation at the moment and it’s almost changing daily / hourly, Never thought I would say this but Administration with points deducted this season would be a far better option in so many ways than to be relegated without admin, obviously to survive in the championship is still the preferred option just looks more and more unlikely. It would mean a complete fresh start for next season. Woahhhh hold the fuck on here. You previously posted a few days this… Sorry but VLP Fan Club you are wrong, Admin is not in any way a realistic option while DH is still funding the club, no matter what league we are in. DH will not allow admin to happen and its not even on the cards he will continue to put money in until new ownership is agreed even if it takes a few years. I’ve highlighted some bits in bold that you may want to cast your mind back to. Make your mind up, what is it? Not seen backpeddling on this scale since Nayim leathered one at Dave Seaman from 60 yards... |
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ben1987
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Post by ben1987 on Mar 8, 2023 18:38:29 GMT 1
Woahhhh hold the fuck on here. You previously posted a few days this… I’ve highlighted some bits in bold that you may want to cast your mind back to. Make your mind up, what is it? Not seen backpeddling on this scale since Nayim leathered one at Dave Seaman from 60 yards... I remember the words ‘I will not let us sleep walk into relegation’. Weirdly, some posts on here sound and word very very similar. Weird. |
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Post by terriers2000 on Mar 8, 2023 18:41:15 GMT 1
Are we going into administration then?
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Post by VLP Fan Club on Mar 8, 2023 18:43:08 GMT 1
Not seen backpeddling on this scale since Nayim leathered one at Dave Seaman from 60 yards... I remember the words ‘I will not let us sleep walk into relegation’. Weirdly, some posts on here sound and word very very similar. Weird. A graphologist would make light work of it |
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Maynardblue
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Post by Maynardblue on Mar 8, 2023 18:44:00 GMT 1
As I said the other day, the current problem is not Dean or Phil they have both agreed - Kroll are the problem. Admin would take Kroll out of the equation but obviously would only be a last resort.
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Post by bells ringing :) on Mar 8, 2023 18:45:46 GMT 1
As I said the other day, the current problem is not Dean or Phil they have both agreed - Kroll are the problem. Admin would take Kroll out of the equation but obviously would only be a last resort. If we were to do it quick sharp though, it wouldn't efffect next season. I know we would start in league 1, but with a complete clean late. But also Maynard, why doesn't Hoyle just pay the asking price that Krol are asking for ? |
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Post by Maynardblue on Mar 8, 2023 18:51:29 GMT 1
As I said the other day, the current problem is not Dean or Phil they have both agreed - Kroll are the problem. Admin would take Kroll out of the equation but obviously would only be a last resort. If we were to do it quick sharp though, it wouldn't efffect next season. I know we would start in league 1, but with a complete clean late. But also Maynard, why doesn't Hoyle just pay the asking price that Krol are asking for ? You'd have to ask Mr Hoyle that. The deal to reacquire the shares was signed in May 2022 but expired. |
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Post by Deleted on Mar 8, 2023 18:53:07 GMT 1
If we were to do it quick sharp though, it wouldn't efffect next season. I know we would start in league 1, but with a complete clean late. But also Maynard, why doesn't Hoyle just pay the asking price that Krol are asking for ? You'd have to ask Mr Hoyle that. The deal to reacquire the shares was signed in May 2022 but expired. Thought it was blocked by Kroll |
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Maynardblue
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Post by Maynardblue on Mar 8, 2023 18:55:48 GMT 1
You'd have to ask Mr Hoyle that. The deal to reacquire the shares was signed in May 2022 but expired. Thought it was blocked by Kroll Nope they agreed with the original deal. |
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Post by delroy on Mar 8, 2023 18:56:11 GMT 1
The deadline is approaching - if we do it before then it’ll be applied this year but I’m fairly sure it’s imminent so something would have to be done in the next day or so. the deadline is 23 of march or around that date. Correct, see my original post. |
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Post by bells ringing :) on Mar 8, 2023 18:57:37 GMT 1
Thought it was blocked by Kroll Nope they agreed with the original deal. So Kroll agreed to the orginal buy from Hoyle for the shares, then have changed their minds on it ? |
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Maynardblue
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Post by Maynardblue on Mar 8, 2023 18:58:51 GMT 1
Nope they agreed with the original deal. So Kroll agreed to the orginal buy from Hoyle for the shares, then have changed their minds on it ? They haven't changed their minds. They agreed with the original deal. They do not agree with the current deal. |
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Post by Deleted on Mar 8, 2023 19:00:21 GMT 1
Thought it was blocked by Kroll Nope they agreed with the original deal. It wouldn't have removed them as a creditor though? Meaning Hoyle would foot the bill for all of Phil's money he injected via his companies. |
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Post by bells ringing :) on Mar 8, 2023 19:00:34 GMT 1
So Kroll agreed to the orginal buy from Hoyle for the shares, then have changed their minds on it ? They haven't changed their minds. They agreed with the original deal. They do not agree with the current deal. If it was agreed , then Hoyle has changed the deal but why would he do that  if the orginal deal was agreed why did it not take place this sound very weird tbh . |
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Post by Maynardblue on Mar 8, 2023 19:01:30 GMT 1
They haven't changed their minds. They agreed with the original deal. They do not agree with the current deal. If it was agreed , then Hoyle has changed the deal but why would he do that if the orginal deal was agreed why did it not take place this sound very weird tbh . Again I can't speak for DH why he opted not to pay for the shares. |
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Yuta be a terrier
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Post by Yuta be a terrier on Mar 8, 2023 19:03:30 GMT 1
As I said the other day, the current problem is not Dean or Phil they have both agreed - Kroll are the problem. Admin would take Kroll out of the equation but obviously would only be a last resort. Last resort but only 2 weeks to make that decision. Could it depend on our next 2 results? I mean the hope has pretty much gone now but 2 more defeats and its definitely over. |
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Post by bells ringing :) on Mar 8, 2023 19:03:54 GMT 1
If it was agreed , then Hoyle has changed the deal but why would he do that if the orginal deal was agreed why did it not take place this sound very weird tbh . Again I can't speak for DH why he opted not to pay for the shares. I understand you can't, but why agree a deal then back out of it/ change it makes zero sense.
I have always thought, that it was odd that he said he was stepping down a week after MF's appointment....Did he not get who he wanted was always my thought.
Therefore him opting out of the deal, was when he wanted to run the club again ....
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Post by Teddington Ted on Mar 8, 2023 19:04:59 GMT 1
They haven't changed their minds. They agreed with the original deal. They do not agree with the current deal. If it was agreed , then Hoyle has changed the deal but why would he do that if the orginal deal was agreed why did it not take place this sound very weird tbh . I’d imagine Hoyle’s offer didn’t go up after May, ergo, to be different, it must have gone down. Maybe he tried to trim the price thinking he’d save himself a few quid? Worked a charm if it ends up with him writing off £30m because we plunge into administration 🤦♂️ |
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Post by leroy212 on Mar 8, 2023 19:07:08 GMT 1
The club should put out some sort of statement as this is quite worrying for us as fans
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Post by Waterloo Terrier on Mar 8, 2023 19:09:37 GMT 1
If they can get away with the points deduction applying this year it appears a no brainier. Buyers all ready and waiting to pick up the pieces.
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Post by themanfromatlantis on Mar 8, 2023 19:10:55 GMT 1
As said before, the way this club has been run in last few years is unbelievable. From been told club was in a healthy place financially to be on the verve of administration is crazy Yep, I wonder if Hoyle thinks he’ll be a lucky man? I saw him at a classical concert the other week, some great symphonies to be fair, Dean looked to have a bittersweet look on his face… |
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if the orginal deal was agreed why did it not take place this sound very weird tbh .