caseyjones 0 Posted May 29, 2012 Author Share Posted May 29, 2012 no wonder boss wanted me gone from rm before this came out. its a joke. its a whyte deal all over again. Hahaha. 0 Quote Link to post Share on other sites More sharing options...
BlueMazza 0 Posted May 29, 2012 Share Posted May 29, 2012 Schedule 4 sets out it quite clearly. Estimated Funds Available for Unsecured Creditors CVA 4,967,284 Newco 953,284 Liquidation Nil Who would vote against a CVA? Yes but HMRC could want us wound up as a company to make a point. That's the issue. They've done it before. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,553 Posted May 29, 2012 Share Posted May 29, 2012 why was the blue knights deal lb'd in favour of this? get green to fuck now. Does the CVA not realise around £2m more than TBKs? 0 Quote Link to post Share on other sites More sharing options...
Craigy1881 79 Posted May 29, 2012 Share Posted May 29, 2012 Schedule 4 sets out it quite clearly. Estimated Funds Available for Unsecured Creditors CVA 4,967,284 Newco 953,284 Liquidation Nil Who would vote against a CVA? The secured creditors, they have all the muscle don't they? 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,553 Posted May 29, 2012 Share Posted May 29, 2012 Yes but HMRC could want us wound up as a company to make a point. That's the issue. They've done it before. That's always a possibility and there's nothing anyone can do about that. 0 Quote Link to post Share on other sites More sharing options...
BlueMazza 0 Posted May 29, 2012 Share Posted May 29, 2012 That's always a possibility and there's nothing anyone can do about that. I agree, was just responding to your 'why would they vote against it' comment. Especially if we lose against Collyer Bristow & EBT case. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,473 Posted May 29, 2012 Share Posted May 29, 2012 Fees of (5,561,000)... 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,473 Posted May 29, 2012 Share Posted May 29, 2012 0 Quote Link to post Share on other sites More sharing options...
BlueMazza 0 Posted May 29, 2012 Share Posted May 29, 2012 Fees of (5,561,000)... show more of quote please, I missed that bit 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted May 29, 2012 Share Posted May 29, 2012 To my completely untrained eye, I don't see the problem with funding - I think it is just the working. Green's consortium are investing £8.5m into the club in order to fund the CVA. The Consortium will be reimbursed in full by the end of 2020!!!! There is no comparison to what Whyte did. There are no club revenue streams being touched or impeded by Green's method of funding - it is 100% external to the club and is no different from someone taking out a bank loan to repay a credit card bill!!! 0 Quote Link to post Share on other sites More sharing options...
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