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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13803
Location: Stratford
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| Thu Jun 16, 2022 5:43 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9281
Location: Coventry
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If they can't afford to stay there, they should sell up and move to somewhere within their means. Why should the tax payer bail them out?
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Of course it'll fit, you just need a bigger hammer.
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| Thu Jun 16, 2022 9:04 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13803
Location: Stratford
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Since COVID, the magic money tree is king! S*d paying it back.
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| Fri Jun 17, 2022 7:08 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9281
Location: Coventry
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Unfortunately, Lex, as our chancellor is finding out, money does need paying back. Of course, letting inflation take a hand helps out those that owe money, but screws those of us who have tried to be prudent. - It makes you wonder why you should bother saving for anything when the state is so generous with the money it has confiscated from you.
_________________
Of course it'll fit, you just need a bigger hammer.
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| Fri Jun 17, 2022 10:37 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13803
Location: Stratford
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Any decision about the money will be 'transparent', but there will always back room deals made: https://www.bbc.co.uk/news/uk-england-coventry-warwickshire-61897949
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| Wed Jun 22, 2022 4:53 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9281
Location: Coventry
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I discussed this with several friends earlier today. To a (wo)man they are against lending.
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Of course it'll fit, you just need a bigger hammer.
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| Wed Jun 22, 2022 6:05 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13803
Location: Stratford
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| Tue Oct 04, 2022 4:42 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9281
Location: Coventry
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It doesn't look good, but I assume (dangerous I know) that CBS did due diligence before getting involved?
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Of course it'll fit, you just need a bigger hammer.
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| Tue Oct 04, 2022 6:07 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13803
Location: Stratford
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I hope so.
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| Wed Oct 05, 2022 7:13 am |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13803
Location: Stratford
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| Thu Oct 06, 2022 5:22 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9281
Location: Coventry
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This is typical rubbish that you get from inept and lazy/slack reporting.
WASPS have entered administration, not insolvency/liquidation. There is a long way to go, yet.
It was stupidity like this that prematurely pushed MG Rover under because a particular minister failed to understand the difference.
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Of course it'll fit, you just need a bigger hammer.
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| Thu Oct 06, 2022 7:59 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13803
Location: Stratford
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Looks likely the club will go into administration: https://www.bbc.co.uk/sport/rugby-union/63232043
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| Wed Oct 12, 2022 5:09 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9281
Location: Coventry
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Administration is not the end, by any means. Unfortunately, the way this is being touted in the MSM will likely be a self-fulfilling prophecy.
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Of course it'll fit, you just need a bigger hammer.
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| Wed Oct 12, 2022 6:50 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13803
Location: Stratford
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| Mon Oct 17, 2022 4:48 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9281
Location: Coventry
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If I might point out...
What happens if a business goes into administration?
When a company enters administration the control of the company is passed to the appointed administrator (who must be a licensed insolvency practitioner). The administrator's primary goal is to leverage the company's assets to repay creditors as quickly and as fully as possible without preference.
I'm not aware of the structure of the company, or companies (holding co' etc.) but the administrator will try his damnest to pay all creditors off and offer the business a way forward. Administration must not be confused with liquidation, though that may happen. It does feel to me that as far as many people are concerned the outcome is already cast in stone. Maybe they know something I don't?
_________________
Of course it'll fit, you just need a bigger hammer.
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| Mon Oct 17, 2022 9:37 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13803
Location: Stratford
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Yes, from what I understand, liquidation is a last option; the Administrator(s) will work hard to turn things around/find someone to buy the company.
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| Tue Oct 18, 2022 5:15 pm |
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