capstans 0 Posted May 3, 2012 Share Posted May 3, 2012 (edited) In the midst of all stands Whyte what is this previously irrelevant persons possible impact on matters from property to shares, does anyone really know does anyone really think Whyte is a novice in these situations. Still a lot more questions than answers Edited May 3, 2012 by capstans 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,383 Posted May 3, 2012 Share Posted May 3, 2012 I think Whyte may well be sitting very comfortably. His plan seems to be working as it stands. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,488 Posted May 3, 2012 Share Posted May 3, 2012 I think Whyte may well be sitting very comfortably. His plan seems to be working as it stands. What benefit is he getting from all this? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,383 Posted May 3, 2012 Share Posted May 3, 2012 What benefit is he getting from all this? I honestly don't know mate. But he must have known all this was going to happen from the moment he stopped paying our PAYE. There must be a wage somewhere for him. Must be. 0 Quote Link to post Share on other sites More sharing options...
capstans 0 Posted May 3, 2012 Author Share Posted May 3, 2012 He bought the club free and clear for£1 looks to me also that he is in the driving seat. 0 Quote Link to post Share on other sites More sharing options...
caseyjones 0 Posted May 3, 2012 Share Posted May 3, 2012 Am I correct in saying that Whyte will get paid first out of the oldco creditors pot, along with D&P? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,092 Posted May 3, 2012 Share Posted May 3, 2012 Am I correct in saying that Whyte will get paid first out of the oldco creditors pot, along with D&P? Think Close Leasing have first dibs. 0 Quote Link to post Share on other sites More sharing options...
rbr 1,255 Posted May 3, 2012 Share Posted May 3, 2012 How does it work if that assets are sold/transferred into a newco , what does CW hold 85% off 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted May 3, 2012 Share Posted May 3, 2012 Am I correct in saying that Whyte will get paid first out of the oldco creditors pot, along with D&P? I think, only if his secured creditor status stands up to scrutiny. 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted May 3, 2012 Share Posted May 3, 2012 How does it work if that assets are sold/transferred into a newco , what does CW hold 85% off 85% of a company with circa £11m in the bank.....however I believe the Admins will still be in control of the PLC, so Whyte can't get his hands on the cash!!! 0 Quote Link to post Share on other sites More sharing options...
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