pongo88 Posted March 27, 2018 Report Share Posted March 27, 2018 18 minutes ago, 29AR said: It's beyond mine too I just have in mind something about insolvency and liquidation, and in certain cases if 75% of creditors by value agree a measure, they can bind the other creditors. 29AR you are a genius as you have rumbled Wael’s cunning plan. He could go for an Individual Voluntary Arrangement (IVA) which would is a formal and legally-binding agreement between someone and their creditors to pay back debts over a period of time. Not all the creditors have to agree, for the proposal to be accepted. The proposal is accepted if more than 75 per cent (by value) of the creditors who vote or are represented at the meeting vote in favour. It is based on the value of the debts owed. Wael / Dwane Sports could vote for a plan that is terrible for other creditors, assuming that there are any other creditors. Quote Link to comment Share on other sites More sharing options...
red'tili'mdead Posted March 27, 2018 Report Share Posted March 27, 2018 It would be a CVA mate.... apologies for being a smart arse. Would make no obvious sense in this context. An equity investment could have been made as it could be more tax efficient and further debt (loans) to an entity with no reasonable prospect of repayment, may be v difficult to justify on a corporate level. Quote Link to comment Share on other sites More sharing options...
Guest Posted March 27, 2018 Report Share Posted March 27, 2018 (edited) 32 minutes ago, red'tili'mdead said: It would be a CVA mate.... apologies for being a smart arse. Would make no obvious sense in this context. An equity investment could have been made as it could be more tax efficient and further debt (loans) to an entity with no reasonable prospect of repayment, may be v difficult to justify on a corporate level. Ah cheers. Every day is a school day. 2 hours ago, pongo88 said: 29AR you are a genius as you have rumbled Wael’s cunning plan. He could go for an Individual Voluntary Arrangement (IVA) which would is a formal and legally-binding agreement between someone and their creditors to pay back debts over a period of time. Not all the creditors have to agree, for the proposal to be accepted. The proposal is accepted if more than 75 per cent (by value) of the creditors who vote or are represented at the meeting vote in favour. It is based on the value of the debts owed. Wael / Dwane Sports could vote for a plan that is terrible for other creditors, assuming that there are any other creditors. Haha I wasn't sure what tree I was barking up, or if it would have made sense in any case. All I saw was the propotion of DS debts v total debts, remembered something significant about 75% of creditors, and by cruel fate I now must admit my fractions are crap too Edited March 27, 2018 by Guest Quote Link to comment Share on other sites More sharing options...
City Rocker Posted March 27, 2018 Report Share Posted March 27, 2018 4 hours ago, BrightCiderLife said: If it is £15m against the Mem that looks absurd given Sainsbury's pulled out of their proposed £12m purchase because it was no longer affordable - not sure who could value that land with an extra 25% on top. Sainsbury had agreed to pay around £30m for the land as far as I recall. Far more than its true value probably, but £15m might well be a fair price for a prime residential plot in that location. 1 Quote Link to comment Share on other sites More sharing options...
Ska Junkie Posted March 27, 2018 Report Share Posted March 27, 2018 Another belter from @Cheesleysmate 3 5 Quote Link to comment Share on other sites More sharing options...
Gert Mare Posted March 27, 2018 Report Share Posted March 27, 2018 (edited) 15 minutes ago, Ska Junkie said: Another belter from @Cheesleysmate If the Sags didn’t know already.....It’s all gonna take time and a bit more time.....jokers. George got it right though....”It’s gonna take money, a whole lotta spending money, it’s gonna take plenty of money”....eh Hani? Edited March 27, 2018 by Cheesleysmate 3 1 Quote Link to comment Share on other sites More sharing options...
BS4 on Tour... Posted March 27, 2018 Report Share Posted March 27, 2018 40 minutes ago, Ska Junkie said: Another belter from @Cheesleysmate Absolute genius @Cheesleysmate - I literally spat my merlot out with laughter! Cheers, needed that! Quote Link to comment Share on other sites More sharing options...
City Rocker Posted March 27, 2018 Report Share Posted March 27, 2018 46 minutes ago, Cheesleysmate said: If the Sags didn’t know already.....It’s all gonna take time and a bit more time.....jokers. George got it right though....”It’s gonna take money, a whole lotta spending money, it’s gonna take plenty of money”....eh Hani? So, any idea on timescale? Quote Link to comment Share on other sites More sharing options...
Gert Mare Posted March 27, 2018 Report Share Posted March 27, 2018 1 hour ago, City Rocker said: So, any idea on timescale? I can’t give any timescales in case people realise that we haven’t got tuppence to scratch our asses with and decide to headbutt our windscreens and punch a few horses. 1 Quote Link to comment Share on other sites More sharing options...
Bar BS3 Posted March 27, 2018 Report Share Posted March 27, 2018 2 hours ago, Cheesleysmate said: If the Sags didn’t know already.....It’s all gonna take time and a bit more time.....jokers. George got it right though....”It’s gonna take money, a whole lotta spending money, it’s gonna take plenty of money”....eh Hani? He’s so lovely though..! I mean, that smile... and how’s he’s just so open and honest. Lush! Quote Link to comment Share on other sites More sharing options...
Gert Mare Posted March 27, 2018 Report Share Posted March 27, 2018 OMG, so lovely. The bit where he says “These things take time....as you can seeeeeee”, lovely lovely lovely. He went on to say “My wife, she is dead. But it’s ok, I have a new wife”. So lovely. Quote Link to comment Share on other sites More sharing options...
Bar BS3 Posted March 27, 2018 Report Share Posted March 27, 2018 1 minute ago, Cheesleysmate said: OMG, so lovely. The bit where he says “These things take time....as you can seeeeeee”, lovely lovely lovely. He went on to say “My wife, she is dead. But it’s ok, I have a new wife”. So lovely. If that one dies as well then he can have mine. Have her, borrow her... whatever he likes. Quote Link to comment Share on other sites More sharing options...
Gert Mare Posted March 27, 2018 Report Share Posted March 27, 2018 1 minute ago, Bar BS3 said: If that one dies as well then he can have mine. Have her, borrow her... whatever he likes. He can take mine, and my kids and house. He’s that lovely. Quote Link to comment Share on other sites More sharing options...
Bar BS3 Posted March 27, 2018 Report Share Posted March 27, 2018 1 minute ago, Cheesleysmate said: He can take mine, and my kids and house. He’s that lovely. I’m sure he wouldn’t. He’s too lovely! Quote Link to comment Share on other sites More sharing options...
Bar BS3 Posted March 27, 2018 Report Share Posted March 27, 2018 7 minutes ago, Cheesleysmate said: He can take mine, and my kids and house. He’s that lovely. Hands up, if you are the loveliest person. EVER! 1 Quote Link to comment Share on other sites More sharing options...
cidercity Posted March 28, 2018 Report Share Posted March 28, 2018 Gosh he's more lovely than words! Quote Link to comment Share on other sites More sharing options...
Aizoon Posted March 28, 2018 Report Share Posted March 28, 2018 On 26/03/2018 at 21:20, Eddie Hitler said: Okay, finally gone through the accounts. Apologies if repeating previous posts. Loss for year: £3m less £0.9m write off of all the UWE stuff = £2.1m of which £0.3m interest. Closing debt (note 23) £8.6m up from £7.2m. Lots of other creditors up which will unwind into the debt when paid off. The facility Dwane Sports has provided was £10m, secured against the ground, but this is now raised to £15m. This is all at 30 June 2017. So roll it forward to the edn of this season; another loss of £2.1m so debt at 30 June 2018 is £10.7m of which only £10m is secured (tallies with the out of secured money by March which we thought). The raising of the RCF to £15m suggests the owners will now fund, at risk as there's no further security, two more seasons taking the debt to £15m of which they are £5m at risk. The pre-emption rights waiver suggests that there will also be capital injections which is effectvely money written off. So it looks like they are risking another £5m to fund the next two seasons. I struggle to see the point of that if they intend to sell (far better just to sell now) so it's watch this space. I can understand why Sir Steve funds City because he has a vision for the club and Bristol sport in general. Why they wish to set fire to £5m does escape me. Well done the CSF! * City Scrutiny Firm 2 Quote Link to comment Share on other sites More sharing options...
Unan Posted March 28, 2018 Report Share Posted March 28, 2018 (edited) 14 hours ago, Bar BS3 said: Hands up, if you are the loveliest person. EVER! Raise 2 hands if you're not as lovely as Wael or 1 hand if you're the loviest ever, Edited March 28, 2018 by Unan 1 Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted March 28, 2018 Report Share Posted March 28, 2018 Sounds like their planned lovely training ground isn't going to be as lovely as Wally. On that Rovers forum they are suggesting a whip round to help pay for it. I will be amazed if they find 100 potential points of donation. Quote Link to comment Share on other sites More sharing options...
myol'man Posted March 28, 2018 Report Share Posted March 28, 2018 16 hours ago, Bar BS3 said: Hands up, if you are the loveliest person. EVER! puppet master on the right? 1 Quote Link to comment Share on other sites More sharing options...
Marina's Rolls Royce Posted March 28, 2018 Report Share Posted March 28, 2018 2 minutes ago, myol'man said: puppet master on the right? pikey pick pocket in the doorway 1 Quote Link to comment Share on other sites More sharing options...
22A Posted March 28, 2018 Report Share Posted March 28, 2018 1 hour ago, Unan said: Raise 2 hands if you're not as lovely as Wael or 1 hand if you're the loviest ever, 2 Quote Link to comment Share on other sites More sharing options...
Bar BS3 Posted March 28, 2018 Report Share Posted March 28, 2018 13 minutes ago, myol'man said: puppet master on the right? Controlling Darrell on the touchline..? Quote Link to comment Share on other sites More sharing options...
Nicki's soulmate Posted March 28, 2018 Report Share Posted March 28, 2018 16 hours ago, Bar BS3 said: Hands up, if you are the loveliest person. EVER! Didn't realise he was that lovely!, even Nigella Lawson thinks he's lovely 1 Quote Link to comment Share on other sites More sharing options...
Cotham Brow Red Posted March 28, 2018 Report Share Posted March 28, 2018 17 hours ago, Bar BS3 said: Hands up, if you are the loveliest person. EVER! Whats the old bloke on the left doing to the bird with the scarf? 1 Quote Link to comment Share on other sites More sharing options...
wendyredredrobin Posted March 28, 2018 Report Share Posted March 28, 2018 1 minute ago, Cotham Brow Red said: Whats the old bloke on the left doing to the bird with the scarf? Dunno, but it looks like she's enjoying it. Quote Link to comment Share on other sites More sharing options...
Bar BS3 Posted March 28, 2018 Report Share Posted March 28, 2018 1 minute ago, Cotham Brow Red said: Whats the old bloke on the left doing to the bird with the scarf? I think they are both just admiring Wael’s loveliness. Quote Link to comment Share on other sites More sharing options...
Cotham Brow Red Posted March 28, 2018 Report Share Posted March 28, 2018 (edited) 3 minutes ago, wendyredredrobin said: Dunno, but it looks like she's enjoying it. Weals Hareem....Lovely Edited March 28, 2018 by Cotham Brow Red Quote Link to comment Share on other sites More sharing options...
wendyredredrobin Posted March 28, 2018 Report Share Posted March 28, 2018 10 minutes ago, Cotham Brow Red said: Weals Hareem....Lovely And did anyone noticed the pickpocket in the middle? 1 Quote Link to comment Share on other sites More sharing options...
Port Said Red Posted March 28, 2018 Report Share Posted March 28, 2018 3 minutes ago, wendyredredrobin said: And did anyone noticed the pickpocket in the middle? Hey! You can't talk about the lovely Wael of Fortune like that! Quote Link to comment Share on other sites More sharing options...
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