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 Post subject: Re: Letter from the Football League - IMPORTANT
PostPosted: Fri Aug 05, 2011 2:48 pm 

Joined: Wed Jan 05, 2011 9:47 am
Location: Guildford
mrrapson wrote:
No twisting required there really, it comments about speculation regarding the purchaser and the have reiterated their requirement for transparency on all aspects. I'm just not reading between the lines is all.


Yes and they have asked for this transparency from the administrator.

It's not an issue worth splitting hairs over to be honest, just don't see how the PB's have given a slack repsonse (your words) to the league when in theory the PB's shouldn't have much liasons with the league.


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 Post subject: Re: Letter from the Football League - IMPORTANT
PostPosted: Fri Aug 05, 2011 3:04 pm 
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Quote:
Unless The Football League Board is satisfied that the exit arrangements provide the Club with a firmer footing going forwards it is unlikely that it will be in a position to approve any exit from administration as a continuing member of the Football League.


And therein lies the rub for me. The PB's proposal has them underwriting Argyle's trading loss of the upcoming season to the tune of £2m - or so we are led to believe. Unless this money is provided upfront then there is no credibility in Ridsdale's business plan because the PB has been shown to be unreliable in meeting agreed financial commitments.

The transfer of the league share to Ridsdale's company at this time just does not meet the criteria quoted above.

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 Post subject: Re: Letter from the Football League - IMPORTANT
PostPosted: Fri Aug 05, 2011 3:12 pm 
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TimHarris wrote:
Quote:
Unless The Football League Board is satisfied that the exit arrangements provide the Club with a firmer footing going forwards it is unlikely that it will be in a position to approve any exit from administration as a continuing member of the Football League.


And therein lies the rub for me. The PB's proposal has them underwriting Argyle's trading loss of the upcoming season to the tune of £2m - or so we are led to believe. Unless this money is provided upfront then there is no credibility in Ridsdale's business plan because the PB has been shown to be unreliable in meeting agreed financial commitments.

The transfer of the league share to Ridsdale's company at this time just does not meet the criteria quoted above.


I realise it splitting hairs but I love the word firmer rather than firm....firmer could mean we will give you the OK if you only lose £2million next year and pay everybody in full and on time slightly more often


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 Post subject: Re: Letter from the Football League - IMPORTANT
PostPosted: Fri Aug 05, 2011 3:20 pm 
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Laughter My Ploy wrote:
firmer could mean we will give you the OK if you only lose £2million next year and pay everybody in full and on time slightly more often


But that would result in a different business plan to the one which Ridsdale is proposing meaning the share cannot be transferred.

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 Post subject: Re: Letter from the Football League - IMPORTANT
PostPosted: Fri Aug 05, 2011 3:26 pm 

Joined: Tue Jul 14, 2009 2:32 pm
A decent slug of petrol in the tank = golden share. But it would need an administrator with a modicum
of common sense to get the petrol into the tank.

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 Post subject: Re: Letter from the Football League - IMPORTANT
PostPosted: Fri Aug 05, 2011 3:40 pm 

Joined: Sun Jul 16, 2006 4:54 pm
"At this time The Football League has met with the current proposed purchasers of the Club but has not approved any application for membership of The League going forwards"

This may seem a daft question but can the team play at Shrews if it is not a member of the league? Regardless of the league share issue. :crazy:


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 Post subject: Re: Letter from the Football League - IMPORTANT
PostPosted: Fri Aug 05, 2011 3:45 pm 

Joined: Thu Aug 10, 2006 11:11 am
lee_wsm wrote:
same email i got last week they are not going to let us fans know anything

and why should they the football league and fa dont give a s..t about the people who pay there wages never have done and never will do.


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 Post subject: Re: Letter from the Football League - IMPORTANT
PostPosted: Fri Aug 05, 2011 3:47 pm 

Joined: Thu Jul 07, 2011 4:50 pm
seadog wrote:
"At this time The Football League has met with the current proposed purchasers of the Club but has not approved any application for membership of The League going forwards"

This may seem a daft question but can the team play at Shrews if it is not a member of the league? Regardless of the league share issue. :crazy:


PAFC in Administration is a member of the league and can remain so for another 9 months I think. The issue is transferring the share to the new PAFC 125.

Essentially the Riddler has to show the FL a bank statement with the money in it to prove the football club can fund itself. The transparency issue is something they will somehow sidestep.

It's still about Heaney providing the money.


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 Post subject: Re: Letter from the Football League - IMPORTANT
PostPosted: Fri Aug 05, 2011 3:50 pm 

Joined: Sun Jul 16, 2006 4:54 pm
Thank you M'Lord


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 Post subject: Re: Letter from the Football League - IMPORTANT
PostPosted: Fri Aug 05, 2011 3:56 pm 
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Chris Webb wrote:
Hi All

Received 30 seconds ago............

Chris

Quote:
Chris,

Thank you for your letter.

Since receipt of your letter we have also spoken with the City Council who expressed the view that whilst they do not entirely agree with the position you attribute to them in your letter, they do recognise the need for a ‘Contingency Plan’ to be considered should the current bid fail.

Regards,


Andy Williamson




Anybody like to expand on the section above?

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 Post subject: Re: Letter from the Football League - IMPORTANT
PostPosted: Fri Aug 05, 2011 4:05 pm 

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I have already asked that ELDUD, see above........

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 Post subject: Re: Letter from the Football League - IMPORTANT
PostPosted: Fri Aug 05, 2011 4:06 pm 
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ElDuderino wrote:
Chris Webb wrote:
Hi All

Received 30 seconds ago............

Chris

Quote:
Chris,

Thank you for your letter.

Since receipt of your letter we have also spoken with the City Council who expressed the view that whilst they do not entirely agree with the position you attribute to them in your letter, they do recognise the need for a ‘Contingency Plan’ to be considered should the current bid fail.

Regards,


Andy Williamson




Anybody like to expand on the section above?



My take on this remark is that PCC may have said something totally different to the FL,than what they told the Trust.

Perhaps on the lines of ''we may,or might look into the idea helping the club,but we can't promise that just yet '' etc-etc.

If that is,or were to be the case,then it does not bode well for Brent should he be required to step in anytime soon,especially if knowing PCC may,or may not be very keen on playing ball at the moment..

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Last edited by oggyale on Fri Aug 05, 2011 5:07 pm, edited 1 time in total.

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 Post subject: Re: Letter from the Football League - IMPORTANT
PostPosted: Fri Aug 05, 2011 4:20 pm 
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Location: Somerset
Chris
I am sure you posted a copy of your letter to the FL but can't be certain. Could you add it to this thread please so we can all see what you wrote and compare it to the reply. Thanks

Edited to add - can you confirm this isn't today's expected press release by the FL and that we are still waiting for that to arrive.


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