Winding-up petition number 5 - Here we go again!!!

PhoenixYellow82 said:
Tiger is skint, if the FA did there fit and proper test correctly how can if this gets worse can the club face sanctions and 12 point etc (I hope it doesn't get that far) but surely the FA must have seen all this in the clubs records when he signed on to buy the club in first place!
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When the League do their owners and directors test, unless the proposed owner has an actual conviction or strong evidence of wrongdoing, the League can’t do much. The proposed owners also have to produce a business plan showing how they plan to finance the club for (I think) two years. Obviously if the source of those funds isn’t then forthcoming, that’s not really the League’s fault.
 
myles said:
When the League do their owners and directors test, unless the proposed owner has an actual conviction or strong evidence of wrongdoing, the League can’t do much. The proposed owners also have to produce a business plan showing how they plan to finance the club for (I think) two years. Obviously if the source of those funds isn’t then forthcoming, that’s not really the League’s fault.
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I would like to see it like buying a house, How much money do you earn? where does it come from? how do you intend to pay for the house? any chance of unemployment in the next year, oh and show us your bank balance!!! That's fit and proper
 
PhoenixYellow82 said:
I would like to see it like buying a house, How much money do you earn? where does it come from? how do you intend to pay for the house? any chance of unemployment in the next year, oh and show us your bank balance!!! That's fit and proper
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That’s pretty much what the League does. The business plan has to be robust and the proposed owners have to provide evidence of funds.
 
Paul Cannell said:
Oh God.

a. A service charge doesn't change the rent FFS; it's a service charge.

b. Get the chronology sorted, we missed the payment, Firoka cancelled the meeting, we offered a new date, Firoka has gone schtum and I bet ehy won't reply till the payment is received.

c. Bleating on about "fair" is beside the point or a red hering - that's what the arbitration was for.

Not impressed.
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And what does our service charge cover......I’m waiting ?
 
The club are extremely naive to think 1 meeting with Kassam would resolve the service charge rent dispute. Surely this bill would need to be paid no matter what, in full and on time. It could take years of meetings to come to an agreement on the service charge.
 
Not impressed with the statement really. Did the club REALLY stop the arbitration because Uncle Firoz thought it might be nice to have a cozy little chat instead? Really? Or did they call a halt because it looked as if they were going to lose and didn't want to throw good money after bad? Presumably they would have kept the case going if they thought they were going to win!

'We accept that the payment had been missed' - well that's why Kassam has taken action - because the club missed ANOTHER payment. If you are about to sit down amicably and chat about the matter - why would you do that?

The financial management of the club is a disgrace. Tiger should sling his hook as soon as possible before he loads yet more debt onto the club and before he causes irreparable damage.

NMcW's little RadOx tete-a-tete in an hour will be interesting. I wonder if we find out his favourite colour for socks or something. Or will we hear bubbling noises as he realises he is out of his depth and sinks beneath the surface.
 
Do you think that OCC could issue some order or something alike to Firoka over the state of the Prioy as he doesn’t keep the stadium in an upkept fashion and he doesn’t for the Priory
 
More B*****s from the club to try and appease the populous...

DE took us on a ride, great when it lasted, then wanted out and shut everything down..
Found a mug to offload and write in a few clauses to recoup his money probably spinned the arbitration as easily sorted.

Expect a new Thai owner in the Summer as we get passed around!
 
bazzer9461 said:
And what does our service charge cover......I’m waiting ?
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Something I'd like to know too is what exactly the 'service charge' covers?

cleaning? - cant do, with gents urinals containing ticket stubs from matches many seasons ago, seats covered in bird s**t that has fossilised over time

Pitch maintenance? - cant do, with it yet again showing serious signs of lack of attention, and serious wear in front of south stand

Security? - can't do, franchise holders have been repeatedly burgled in their units inside the breeze block, 'travellers' rock up and occupy the east stand car park whenever the mood takes, individuals climb over a fence and burn the pitch surface

At a guess this 'service charge' is in reality rent for office space and power, & not a lot else as far as I can see?
 
Is there anyone on here that knows Firoz Kassam reasonably well? Can he really like this situation? Would like to know. Can the club release the contract between the club and Firoz Kassam into the public domain?
Are we paying a fair amount for use of the stadium? The worst thing you could do if you want to negotiate a reduced rent etc is not pay on time! What do other clubs pay? Remembering we are in an expensive part of the country. We don't want to go bankrupt to get out of this deal do we?
 
The club say we are questioning paying the next quarterly in advance? Is that how it works? Is that normal? We may go back to arbitration? Is there anyone in our fanbase that could build bridges here? Surely someone worked amicably with Firoz when he owned the club?
 
A businessman with little regard for his partners or their circumstances would want his dues paid in full and on time regardless of their relationship.

A custodian would ensure that items left in his care were looked after to the best of his ability, even at reasonable cost to himself and would ensure he would return them promptly when required to do so.

Spot the difference.........
 
myles said:
A lot of things the club would have to pay for anyway regardless of who owned the club. Electricity doesn’t come for free...
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I’m on about things like cleaning the bird s**t of the seats and alike I know electric has to be paid and any other domestic bills but other things are being over looked.
I can’t see 300k is just for domestic bills.
 
wants a fair and reasonable service charge
offered to pay 10/4 and sit down but firoka cancelled
accept was late

decision to pay players not rent was his
hmrc up to date
he was paid last
can he address off field issues in stead of kr, says he is up front but comes with kr profile
compliance delays were known about but went over expected average time, has taught them a lesson and will transfer earlier
fundamental problem is too far way says Jerome, says late but always fulfilled
board meeting 27/4, club needs to run sustainably
fans should not worry about administration or going out of business
 
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