How much are we talking about?? Maybe the buckets need to be dusted off ready for tomorrow’s game
orient and Swindon have been threatened to be wound up more times than a trevor bayliss radio . Can u avoid the hearing if u just pay what u owe with a fine ?
orient and Swindon have been threatened to be wound up more times than a trevor bayliss radio . Can u avoid the hearing if u just pay what u owe with a fine ?
Wow. I am truly in awe at this spin. It is all ok because orient did it.
Just wow.
In other words, it costs the club more than if they'd just paid the bill in the first place.If you pay the bill plus costs it's sorted.
As a serious question, does anyone know how the mortgage/charge on the player sales bank account would affect this?
So say OUFC owe HMRC £500K, and £1M comes into this separate bank account? Would HMRC be able to claim it on a winding up (last resort) or would it still belong to Ensco (up to the agreed amounts)?
I can't believe that OxVox let it get this far.
What are we paying them for again?
In other words, it costs the club more than if they'd just paid the bill in the first place.
And this sort of thing doesn't happen over night. HMRC aren't going to rush to issue a winding-up order without a fair amount of chasing beforehand. I wonder if there are any other unpaid or late bills waiting to emerge?
This just does not happen at a well run business which is properly funded! Despite the fines and negative PR this generates, somebody actively decided that delaying HMRC payments was the best option available.
I speak as a Finance professional who actively chose delaying payments to HMRC to ensure staff were paid on time at a previous employer (which eventually went under). Now, it could simply a question of timing, perhaps we are waiting for an injection of cash from Tigger. I am not suggesting the club will be filing for bankruptcy anytime soon.
But make no mistake, this is another big red flag.
Probably hear nothing, Faz will be in charge on Saturday and yet another defeat will happen.........
??? some people can’t be trusted with buckets ?How much are we talking about?? Maybe the buckets need to be dusted off ready for tomorrow’s game
??? some people can’t be trusted with buckets ?