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 ginnywings |
| December 29, 2020, 11:15pm |
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 Recovering Alcoholic  Posts: 28,149
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Rep Score: +88 / -32
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Being late to pay is a bit different than not paying.
Cash flow management. Hard but sometimes necessary
One of terms used by people who don't pay their bills on time. |
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| Laceby Lou |
| December 29, 2020, 11:21pm |
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Coke Drinker  Posts: 2
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Being late to pay is a bit different than not paying.
Cash flow management. Hard but sometimes necessary
What a nonsensical answer. Obviously their cash flow doesn’t matter to you. Some clubs repaid debts more slowly ie. managed their cash flow more sensibly, rather than strangling the club and ending up in non-league. If JF was thinking of the morality of any decisions he wouldn’t have invited May/Kapikanya to invest. |
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| Limerick Mariner |
| December 29, 2020, 11:24pm |
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Whiskey Drinker  Posts: 3,363
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Approval: +5,745
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Do you have any idea how much damage administration does to other businesses that are creditors to football clubs, many of which are local suppliers.
You make mention of Leicester City. What about the florist shop in Leicester that it took under with it? The cleaning company. The electrician firm. My cousins business who they owed £6500 to, for which I believe he got around 20p in the pound back.
For anyone to suggest that going into administration back then, because their was not point deduction penalty, is an absolute indictment on the person making the suggestion and those that agree with that opinion.
Over the years there have been many football clubs that have gone into administration or CVA’s that have left a trail of destruction and damage to their supplier base, and it’s pretty heartbreaking and soul destroying for those suppliers when it happens.
To suggest that it was a sensible solution to deliberately wipe out debt is, well, quite frankly, as bad as if not worse than anything relating to Alex May.
Have you any idea at all how many local creditors to GTFC going into administration would have kicked in the guts. There you go you see, yet another thing JF has done to not only look after the club, but also the supplier base to the club. Yeah you are quite right, he could have made the decision to go into administration and crap all over more than GTFC, putting local livelihoods and jobs at risk. He didn’t 👏👏👏
Makes me so angry to hear such outrageous suggestions.
One good thing that came out of ITV Digital fiasco was that the penalties for going into administration were introduced. The owners of Leicester City behaved disgracefully. GTFC paid the heaviest price of any football club - it wiped out a huge proportion of the club's turnover, the failure wasn't of the clubs doing or due to reckless business behaviour. If the club had gone into administration it would have caused pain to local businesses but to suggest that it is anything like premediated criminal fraud is ridiculous - I suggest you feck off now. |
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| ginnywings |
| December 29, 2020, 11:25pm |
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Recovering Alcoholic Posts: 28,149
Posts Per Day: 5.02
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Rep Score: +88 / -32
Approval: +56,151
Gold Stars: 548
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Boot straight in on your first post Lou.  |
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| ginnywings |
| December 29, 2020, 11:26pm |
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Recovering Alcoholic Posts: 28,149
Posts Per Day: 5.02
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Rep Score: +88 / -32
Approval: +56,151
Gold Stars: 548
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| promotion plaice |
| December 29, 2020, 11:27pm |
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 ModeratorPosts: 19,676
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How do you feel about the takeover Fillipe Noche ?
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| When Leeds trainer Les Cocker was once told Norman Hunter had broken a leg, he asked: “Whose is it?” |
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| BlackandWhiteBarmy2 |
| December 29, 2020, 11:27pm |
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Snakebite drinker  Posts: 369
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Location: Mablegrad
Approval: +1,022
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Being late to pay is a bit different than not paying.
Cash flow management. Hard but sometimes necessary
Deliberately breaching the payment terms on an invoice isn't ethical is it? What about this company having to pay their employees? What about their cash flow? Has the bill been paid? If not then it's not late is it, it's not paid. Make the most of your last few days of being almost relevant Phil. |
| And when you fall back into the mud it hurts a lot.
No! None of it was true, none of those things we thought we could see existed at all.
All that was really there was still more misery
Emile Zola |
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| Fillipe Noche |
| December 29, 2020, 11:33pm |
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Table Wine Drinker  Posts: 749
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Location: Brigg
Approval: -5,112
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One good thing that came out of ITV Digital fiasco was that the penalties for going into administration were introduced.
The owners of Leicester City behaved disgracefully. GTFC paid the heaviest price of any football club - it wiped out a huge proportion of the club's turnover, the failure wasn't of the clubs doing or due to reckless business behaviour. If the club had gone into administration it would have caused pain to local businesses but to suggest that it is anything like premediated criminal fraud is ridiculous - I suggest you feck off now.
I once sat in a creditors meeting in Leicester (not football related) where I was owed £35,000 The CEO of the business looked us all unashamedly in the face, saying very little other than sorry but it can’t be helped. I wasn’t the largest creditor far from it. He then trotted off to East Mids Airport, flew out to Majorca, to sit on his luxury yacht Please don’t tell me it’s not criminal. Well maybe not always, unless proven in court as being wrongful trading or directors culpable. But when you are sat there hurt by a business deliberately put into administration, especially a pre-pack administration, then you feel very definitely that a crime has been committed against you So feck off yourself Richard head |
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| BlackandWhiteBarmy2 |
| December 29, 2020, 11:36pm |
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Snakebite drinker Posts: 369
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Rep Score: +5 / 0
Location: Mablegrad
Approval: +1,022
Gold Stars: 59
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Getting a bit touchy Phil? Not been a good day for you has it? What with your mate caving in and leaving you high and dry.
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| And when you fall back into the mud it hurts a lot.
No! None of it was true, none of those things we thought we could see existed at all.
All that was really there was still more misery
Emile Zola |
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| Laceby Lou |
| December 29, 2020, 11:39pm |
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Coke Drinker Posts: 2
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Rep Score: +1 / 0
Approval: +19
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Boot straight in on your first post Lou.
Joined years ago to tick posts I like but someone who thinks it’s okay to pay local businesses late is a bit of a pillock. |
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