1. Laffy
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  3. 20-03-2017 12:23
Looks like they have made a loan to the 1921 company-registered at Companies House.
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if the loan is recalled, what happens to Holdsworth. Do we need a EWM or Holdsworth especially that we have money from Brainwaite and Henderson. Clear the deck and debts and officially put the club up for sale.
  1. 12-10-2020 23:04
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  3. # 1
ccu
Site Admin
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Our footballing set-up is now geared for a Director of Football and a Head Coach. That’s how the game has gone now.

With less EWM involvment then DH’s position is probably less secure - If Beech were to ultimately fail this Season (Obviously we don’t want that!) then questions would be entitled to be asked about the suitability of the DoF...
  1. 13-10-2020 06:28
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More like sustainability, can the club afford to keep the leech
  1. 13-10-2020 10:45
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ccu
Site Admin
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  1. 13-10-2020 14:02
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  3. # 4
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How does that tie in with Clibbens saying we were going to lose £1.7M? Bit sad when Nixon is more believeable than anyone.
  1. 13-10-2020 14:19
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  3. # 5
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There is no doubt about going into admin-it’s a question of when
  1. 13-10-2020 14:30
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  3. # 6
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No doubt EWM will go into a “pre packed” admin.

Also strange two people, in the same club, with conflicting stories.
  1. 13-10-2020 14:39
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  3. # 7
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It’s a con really by EWM and dubious business practices. Pre packed admin!

Reading between the lines, I don’t think Mr Nixon is happy at all with their actions.
  1. 13-10-2020 14:50
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  3. # 8
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Do you think Mr Day will be bothered in the slightest what Mr Nixon thinks?
  1. 13-10-2020 16:31
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  3. # 9
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Nah - just funny reading it.
  1. 13-10-2020 16:41
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  3. # 10
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How does that tie in with Clibbens saying we were going to lose £1.7M? Bit sad when Nixon is more believeable than anyone.



There`s no tie in or anything strange about the two comments, Nixon was talking about EWMs problems and what effect it would have on CUFC.
He thought we wouldn`t have a problem because we`re in a far better position financially than we were four years ago.

Clibbens on the other hand was referring to loss of possibly a full season of match ticket sales.
At a loss 50k a game plus loss of club shop and other sales he`s probably right.
  1. 14-10-2020 12:01
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  3. # 11
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Rumours about today, highly credible, is the part of EWM the club owe money too will be one of the parts that goes into admin and if it were to move it would be classed as a transfer of an asset - not allowed.

So if it stayed with EWM the administrator would seek to maximise the value of that asset first by calling on the guarentees and if they wernt forthcoming using the charges they hold to maximise the assets and i would imagine that would mean taking control of the club and putting it up for sale.
  1. 14-10-2020 12:07
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I've no idea what 'pre packed admin' is, but the Penrith branch of Edinburgh Woolen Mills is having a closing down sale, so any of you wanting to update their cardigan collection...
  1. 14-10-2020 13:07
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  3. # 13
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I've no idea what 'pre packed admin' is, but the Penrith branch of Edinburgh Woolen Mills is having a closing down sale, so any of you wanting to update their cardigan collection...


Update - or maintain it firmly in 1983.
  1. 14-10-2020 13:10
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  3. # 14
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Rumours about today, highly credible, is the part of EWM the club owe money too will be one of the parts that goes into admin and if it were to move it would be classed as a transfer of an asset - not allowed.

So if it stayed with EWM the administrator would seek to maximise the value of that asset first by calling on the guarentees and if they wernt forthcoming using the charges they hold to maximise the assets and i would imagine that would mean taking control of the club and putting it up for sale.


Richard, administrators don't work that quickly when it comes to collecting debts owed. Their primary duty is to protect the value of the assets of the business for creditors. This means the focus is on realising value from the trading businesses. The Club will be able to present a repayment plan from the player add-ons which will satisfy the administrators should they be appointed. Personal guarantees and the debenture mean that the EWM loan will be at the end of the administrators' to do list.
  1. 14-10-2020 13:29
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  3. # 15
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I agree car wash-the loans to the Club are a sideshow and collectible down the line-the admin guys will be focussed on the pre pack and agreeing deals with the landlords who aren’t hung out
  1. 14-10-2020 13:59
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  3. # 16
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I've no idea what 'pre packed admin' is, but the Penrith branch of Edinburgh Woolen Mills is having a closing down sale, so any of you wanting to update their cardigan collection...


Update - or maintain it firmly in 1983.


New threads for you Richard? ;)
  1. 14-10-2020 16:24
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  3. # 17
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I agree also car wash, it’s just something I was told today. Agree it might not be instant and don’t forget in the terms of the loan it’s a year to pay off, but can happen. Depends on the administrator I suppose.
  1. 14-10-2020 16:37
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  3. # 18
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When I was a kid we went on holiday to St Andrews and the Edinburgh Woolly Mill shop had a cafe on the first floor that overlooked the last tee on the old course AND gave out free pop to kids

It's this kind of largesse that has led to it collapsing on its arse

Though if they owned the freehold on that site they could probably sell it and clear whatever financial difficulties they've got

Arse, just checked on google maps and it's now a golf shop
  1. 14-10-2020 16:48
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  3. # 19
ccu
Site Admin
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Any particular type of Pop?
  1. 14-10-2020 20:07
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  3. # 20
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Rola cola
  1. 14-10-2020 21:37
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  3. # 21
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How does that tie in with Clibbens saying we were going to lose £1.7M? Bit sad when Nixon is more believeable than anyone.



There`s no tie in or anything strange about the two comments, Nixon was talking about EWMs problems and what effect it would have on CUFC.
He thought we wouldn`t have a problem because we`re in a far better position financially than we were four years ago.

Clibbens on the other hand was referring to loss of possibly a full season of match ticket sales.
At a loss 50k a game plus loss of club shop and other sales he`s probably right.


What a load of bollocks. No crowds yes, but only 20% of wages to pay, and millons coming in from player sale add ons.
  1. 15-10-2020 11:39
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  3. # 22
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Well the naughty pre pack is in-creditors, landlords, suppliers, staff, HMRC.All rogered.

The last few weeks have simply been a dance to make the process look commercial.

We don’t seem to have much luck with self proclaimed billionaires
  1. 16-10-2020 18:45
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  3. # 24
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That firm Ratcliffes negotiating the EWM shop leases looks like a right peculiar firm of chartered surveyors. The website talks about the dogs they've had in the office.
http://www.ratcliffes.com
  1. 16-10-2020 20:30
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  3. # 25
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Well the naughty pre pack is in-creditors, landlords, suppliers, staff, HMRC.All rogered.

The last few weeks have simply been a dance to make the process look commercial.

We don’t seem to have much luck with self proclaimed billionaires


I thought you said EWM having 76% control of the club would be good?
  1. 16-10-2020 22:04
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  3. # 26
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Looks like EWM is heading for liquidation

Peacocks tycoon Philip Day plots to buy back budget chain

https://www.thetimes.co.uk/article/peacocks-tycoon-philip-day-plots-to-buy-back-budget-chain-k69mqpqpf
  1. 18-10-2020 08:02
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  3. # 27
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Ashley having another go a Debenhams as well
  1. 18-10-2020 09:15
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  3. # 28
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I’m a fan of Ashley-and he does reward his staff despite the headlines
  1. 18-10-2020 09:39
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  3. # 29


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