HMRC?

Simon Bradders

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16 Mar 2018
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Simon, it’s fairly obvious that Niall’s hands are tied (not saying he’s the right appointment though as I cannot say either way), but how you believe Tiger at this present stage is, well unbelievable.

He’s openly lied to OxVox, fans etc and no doubt the club management.

I don’t see other overseas owners having difficulties transferring funds from one country to another.

Like I said earlier, the buck stops with Tiger.

If Niall continues to stay in the role, but isn’t given control or true answers by Tiger then he’s as bad as Tiger. Then I agree with you that he is poor at his job too.

The best thing Niall can do is stand down if he doesn’t feel fully supported by Tiger, but if he continues then he’s obviously being supported by Tiger so during Tiger’s absence then the buck stops with him, so unless we hear otherwise then at this point the buck stops with Tiger.

I wish I had your belief Simon, but all the signals/actions etc would suggest that what you’ve said doesn’t ring quite ring true.
What are you wittering on about? Belief?

He had to demonstrate he had money to the EFL (Lenagan and Harvey et al). No one can force him to spend it, although spending money on transfers - well he seems like he can get his hands on that money.

Yes we will bring some players in.

What's not to believe?

The club continually have misled and told porkies................I'm currently the fiercest critic of that.
 
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Sheik djibouti

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What are you wittering on about? Belief?

He has to demonstrate he had money. No one can force him to spend it, although spending money on transfers - well he seems like he can get his hands on that money.

Yes we will bring some players in.

What's not to believe?

The club continually have misled and told porkies................I'm currently the fiercest critic of that.
HAD the money yes...still has it....who knows.

And in any case where did that money come fro in the first place (and where is it now) . .. loan from a mate? evidence of available credit?

And how have player purchases been financed - on tick? through borrowing? simply nobody seems to know. And it is worrying that the club is exposed to this again, much in the same way we were around the time of the infamous Windass transfer, that ultimately exposed the club as potless, on it's knees and subsequently at the mercy of Kassam...and we all know the story from there.

Except, except this time around there is no juicy carrot to dangle to any potential "saviour", such as land, or a half built stadium to complete and develop and empire around.

Our situation could become far far more perilous than it was back then and very quickly too. If that doesn't make your blood run cold then nothing will.

The only way out of this is complete honesty and transparency from the current owner. The issue is that I very much suspect we will not like what he would have to say or that he is incapable of saying it.
 

Shosho

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10 Dec 2017
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When you takeover and go through the Fit & Proper Persons test, you have to demonstrate you have the cash for a three year period.

Now that doesn't mean you intend to spend it................................but it does mean you have to satisfy the EFL. The EFL being ran at the time by Shaun Harvey, Ian Lenagan and his administration.

And we seem quite able to find the money to buy football players. It seems that the club have a reluctance to pay the chuffin bills.
Didn't Harvey put Tiger in contact with DE?
 

Junior_1

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16 Nov 2018
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One thing to be 100% certain on is that the players have never been paid late despite claims elsewhere.

With loans the parent clubs (We are doing Wolves a favour, so they are picking up the majority of JG’s wage) often loan out players with the receiving club only paying a very little amount. That’s the attraction for Tiger and co.

Transfers very rarely get paid up front in full, It’ll all be paid in instalments and also with payments triggered when certain milestones are reached. Appearances - promotions - international recognition etc etc.
 

myles

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6 Dec 2017
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He had to demonstrate he had money to the EFL (Lenagan and Harvey et al). No one can force him to spend it, although spending money on transfers - well he seems like he can get his hands on that money.
As part of the ownership test he would have to produce a business plan and demonstrate that he had funds to cover the projected losses for a couple of years. So, probably £2-3m?

If something unexpected happens which significantly changes that business plan, such as losing the arbitration over the service charges etc, that can swallow up funds which were earmarked elsewhere. And if there are no additional funds to fill the hole, well......
 

iambungle

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7 Dec 2017
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As part of the ownership test he would have to produce a business plan and demonstrate that he had funds to cover the projected losses for a couple of years. So, probably £2-3m?

If something unexpected happens which significantly changes that business plan, such as losing the arbitration over the service charges etc, that can swallow up funds which were earmarked elsewhere. And if there are no additional funds to fill the hole, well......
Any sensible business person would have indemnified themselves against such liabilities coming out of their own pocket as part of the SPA.....they were, in the main, accrued on Eales's watch after all.
 

Jonny G

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5 Mar 2018
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Any sensible business person would have indemnified themselves against such liabilities coming out of their own pocket as part of the SPA.....they were, in the main, accrued on Eales's watch after all.
I was going to post that.... but then if you're desperate enough to do a deal "now" that you'd agree to fund it with transfer fees scheduled to come in to the club over the next 15 - 18 months post takeover then you'd prob be desperate enough to not indemnify yourself against any financial impact of losing the arbitration.
We tend to attract Walter Mitty's like this don't we.... like when Merry was so desperate to get the club that he locked us in to the current suicidal rental deal and still managed to get us relegated after sale was rushed through....
 

Ricky Otto

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3 Sep 2018
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What are you wittering on about? Belief?

He had to demonstrate he had money to the EFL (Lenagan and Harvey et al). No one can force him to spend it, although spending money on transfers - well he seems like he can get his hands on that money.

Yes we will bring some players in.

What's not to believe?

The club continually have misled and told porkies................I'm currently the fiercest critic of that.
I can demonstrate I have some money in my accounts to Sainsburys. It doesn’t mean I’m about to go and buy all of their taste the difference selection when I know I can get away with spending my money at Lidl.
 

MarkG

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11 Dec 2017
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475
I was going to post that.... but then if you're desperate enough to do a deal "now" that you'd agree to fund it with transfer fees scheduled to come in to the club over the next 15 - 18 months post takeover then you'd prob be desperate enough to not indemnify yourself against any financial impact of losing the arbitration.
We tend to attract Walter Mitty's like this don't we.... like when Merry was so desperate to get the club that he locked us in to the current suicidal rental deal and still managed to get us relegated after sale was rushed through....
Losing the arbitration should have been factored into the sale. After all it was well know about. What is odd is that I thought Lenagan had previously settled a service charge dispute, so how did another one arise?

As for part-funding the deal with known transfer fees, I don't really see a problem with that. They were assets of the club at the time of the sale, so if for instance they are 4million, and you are paying another 6 for the rest of the club, then you either pay 10 now and keep the 4 when it's received, or pay 6 now, and the 4 goes to Eales when it comes in. not dissimilar to what Sunderland have done with their parachute payments.
 

Simon Bradders

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16 Mar 2018
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176
I can demonstrate I have some money in my accounts to Sainsburys. It doesn’t mean I’m about to go and buy all of their taste the difference selection when I know I can get away with spending my money at Lidl.
You should be directing your angst Si, to the EFL, not me.
 

Simon Bradders

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16 Mar 2018
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176
They haven't lost the arbitration, they have agreed to cease it/halt it & have reached settlements on what they 'owe'. However, fans would know more if they actually told supporters what the current state of play is - albeit Tiger did confirm that in his meeting of 29/12 with OXVOX.

Another mess which was driven by ego's from people who were at the club before Tiger. Makes the little fans forum frenzy and anti Firoz guff that was spouted and pushed into the fanbase, even more embarrassing.
 

myles

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6 Dec 2017
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330
They haven't lost the arbitration, they have agreed to cease it/halt it & have reached settlements on what they 'owe'. However, fans would know more if they actually told supporters what the current state of play is - albeit Tiger did confirm that in his meeting of 29/12 with OXVOX.
I think we're getting into the realm of semantics here. Maybe it's more accurate to have said "The club were losing the arbitration and, as a result, agreed to settle to avoid racking up further costs"?
 
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