forlanssister 3,114 Posted December 30, 2011 Share Posted December 30, 2011 I'm interseted to know what you think might play out if we actually WIN the EBT case. If what you've been saying turns out to be accurate or even close to it, then winning the EBT case isn't even an option for Whyte because he doesn't have the money to support the club. What would or could he do in the event that we win it? Winning the case would mean Whyte has to waive the debt and gains absolutely nothing for doing so not so much as a single extra share, he also has to satisfy the holders of Liberty Capitals debts ( I think it's pretty safe to assume it's not his own funds), he would also have to fund the ongoing "black hole" on an annual basis. There is absolutely nothing in Whyte's business history that shows him successfully turning round ailing companies and then running them and selling them on for a profit there are however plenty examples of him liquidating companies securing profits for himself while other creditors are left 'whistling Dixie'. LBG wanted their cash, not to switch it to a less secure company not in the company eye. Their motivation was not just to move it to a company whose only asset is the shares in a company that may become worthless. They had more security when the debt was with the club. Their main motivation was to avoid any culpability for the "big tax case" and avoid the ensuing massive fallout both directly themselves and via MIH, that has been achieved how exactly it was achieved remains to be seen. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted December 30, 2011 Share Posted December 30, 2011 Winning the case would mean Whyte has to waive the debt and gains absolutely nothing for doing so not so much as a single extra share, he also has to satisfy the holders of Liberty Capitals debts ( I think it's pretty safe to assume it's not his own funds), he would also have to fund the ongoing "black hole" on an annual basis. I already understood that much. I was wondering what you think he could do to get out of it. There is absolutely nothing in Whyte's business history that shows him successfully turning round ailing companies and then running them and selling them on for a profit there are however plenty examples of him liquidating companies securing profits for himself while other creditors are left 'whistling Dixie'. Liquidation surely wouldn't be his only possible get-out? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted December 30, 2011 Share Posted December 30, 2011 I already understood that much. I was wondering what you think he could do to get out of it. I think the lack of income from European competition put paid to him getting anything out of it. If we had CL monies (perhaps even EL monies) coupled with a positive result in the tax case then he would have got a massive quick return for his £1 and I for one would have doffed my cap to him. Liquidation surely wouldn't be his only possible get-out? Perhaps not but it's patently obvious that that's his standard modus operandi. He may fell turn out to be the greatest financial genius ever to walk this planet but I'm not holding my breath. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted December 30, 2011 Share Posted December 30, 2011 Perhaps not but it's patently obvious that that's his standard modus operandi. He may fell turn out to be the greatest financial genius ever to walk this planet but I'm not holding my breath. If we win the tax case he could simply sell the club and debt to someone willing to buy it for £1. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted December 30, 2011 Share Posted December 30, 2011 If we win the tax case he could simply sell the club and debt to someone willing to buy it for £1. Anything's possible I suppose, but we don't know the debt total or how it's structured, bear in mind that neither LBG, Murray nor any of the former directors thought we would obtain a favourable result. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted December 30, 2011 Share Posted December 30, 2011 Muir ex Board member sitting beside Ali Russell at the game on Wedensday. Still keeping an eye on proceedings? 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted December 30, 2011 Author Share Posted December 30, 2011 Secured against whom rather than what, Murray to pay with the banks own money ?, toxic doesn't even begin to describe this pile of shit the whole £1's worth of it. Ground(s) players etc. 0 Quote Link to post Share on other sites More sharing options...
steve 0 Posted December 30, 2011 Share Posted December 30, 2011 Over the years one thing I have learnt is take all people with sources etc with a huge pinch of salt! Very few[if any] have ever come true.I sometimes wonder what makes people come out with these stories. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted December 30, 2011 Author Share Posted December 30, 2011 Over the years one thing I have learnt is take all people with sources etc with a huge pinch of salt! Very few[if any] have ever come true.I sometimes wonder what makes people come out with these stories. As I said in the OP the story about Jelavic being sold and the reason for it came to me from inside the director's box and I thought others here would be interested. So far its got 695 views and 88 posts. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted December 30, 2011 Share Posted December 30, 2011 Over the years one thing I have learnt is take all people with sources etc with a huge pinch of salt!Very few[if any] have ever come true.I sometimes wonder what makes people come out with these stories. Whether the stories coming from these sources are true or not, and I think most of us take them with a pinch of salt, something is wrong with the takeover. Whether it is Whytes past, where is his money, who holds our debts, why are we in court every couple of weeks, the AGM, and I am sure there are plenty of other pointers. There is enough to make you ask questions. If this was happening on the other side, we would be laughing our heads off. 0 Quote Link to post Share on other sites More sharing options...
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