Deadline approaching

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macronman created the topic: Deadline approaching

Everyone should be aware that the Club has just over 3 weeks to submit its 2015/16 accounts. End March is the 9 month statutory deadline. The Club was let off very lightly in submitting its 2014/15 accounts 10 months late. It won't happen again. Administration cannot be ruled out.
It would of course be helpful if the Club would appoint a Finance Director and auditors. But no sign of these.
However, no doubt Ken and Lee have things under control.
PS Remind me how much Ken and Deano paid for the Club.

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Mangler replied the topic: Deadline approaching

Don't worry - a quick call to QuickQuid will see us avoid any hot water.

We can always start the repayments in 6 months after we've been promoted.

It'll be fine. Trust Ken.


[insert 'dubious whistle smiley' here]

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macronman replied the topic: Deadline approaching

I'll try and answer may own question.
What was Ken's contribution to the purchase price? we don't know. Hopefully, that forthcoming accounts will reveal all.
What was Deano's contribution? Again we don't know. But we know it involves Bluemarble. Let's suppose he had to chip in £5 million. I can only speculate that something of the following happened. Eddie is persuaded to authorise a loan from Bluemarble secured against Club assets. The money is lent to Deano who then hands it back saying "here's my share" to buy co-ownership. As a new director he shares the responsibility for the secured loan but has had to put up no actual money. Good sleight of hand, eh?
Must try that elsewhere. ManU maybe?

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macronman replied the topic: Deadline approaching

Now that Deano has been bought out I see that we're back to a Board of two: Ken Anderson and Patricia Anderson!

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Britlass replied the topic: Deadline approaching

Maybe now Ken's bought out Deano he will be more inclined to release the accounts.


what, What, WHAT
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pthorpe replied the topic: Deadline approaching

Don't hold your breath Wendy!

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