I thought they were Skint Part 2

I thought they were Skint Part 2
Luton Town are said to be in the hunt for Striker Geoff Horsfield? Their creditors must be pleased!

Re: I thought they were Skint Part 2
Luton Town are said to be in the hunt for Striker Geoff Horsfield? Their creditors must be pleased! The whole darned things just stinks! Believe me, the way these three clubs are taking the p will ensure that any future club to find itself in difficulty will also find its creditors not so likely to accept any CVA other than full repayment! (Albeit over a period of time maybe...)

Surely the FA can see what a bunch of conmen these clubs are....They are gaining an unfair advantage over the rest of the clubs & to me that means cheating... Cant the creditors go back to court & demand that these clubs pay back the original amount owned seeing as they can afford to buy new players??

Surely the FA can see what a bunch of conmen these clubs are....They are gaining an unfair advantage over the rest of the clubs & to me that means cheating... Cant the creditors go back to court & demand that these clubs pay back the original amount owned seeing as they can afford to buy new players?? No they can't, as the FL has handed over the golden share (membership of the league) to a 'new' company. The old one which incurred the debt no longer exists and the 'new' is a individual business entity. They are only paying their proposed level of cva as the league has told them to, that is lip service to the creditors. The fact that that was rejected by a vast majority of creditors semms to have slipped the FL's mind.

It basicly fraud though isnt it.... The FA is a laughing stock.... Dont know why my last post was published twice lol!! I didnt feel THAT stongly about the topic lol!!

It basicly fraud though isnt it.... The FA is a laughing stock.... Dont know why my last post was published twice lol!! I didnt feel THAT stongly about the topic lol!! :lol: its does happen from time to time.

Surely the FA can see what a bunch of conmen these clubs are....They are gaining an unfair advantage over the rest of the clubs & to me that means cheating... Cant the creditors go back to court & demand that these clubs pay back the original amount owned seeing as they can afford to buy new players?? No they can't, as the FL has handed over the golden share (membership of the league) to a 'new' company. The old one which incurred the debt no longer exists and the 'new' is a individual business entity. They are only paying their proposed level of cva as the league has told them to, that is lip service to the creditors. The fact that that was rejected by a vast majority of creditors semms to have slipped the FL's mind. If they were all rejected, what right do the FL have to tell creditors what they should recieve? If the FL are saying New Co have to repay the money then why can't the creditors chase New Co for the money, as the FL have said they are responsible for the debt. Aren't CVA's normally sorted out in court and not at the FL. Confused, please help my head hurts.

Surely the FA can see what a bunch of conmen these clubs are....They are gaining an unfair advantage over the rest of the clubs & to me that means cheating... Cant the creditors go back to court & demand that these clubs pay back the original amount owned seeing as they can afford to buy new players?? No they can't, as the FL has handed over the golden share (membership of the league) to a 'new' company. The old one which incurred the debt no longer exists and the 'new' is a individual business entity. They are only paying their proposed level of cva as the league has told them to, that is lip service to the creditors. The fact that that was rejected by a vast majority of creditors semms to have slipped the FL's mind. If they were all rejected, what right do the FL have to tell creditors what they should recieve? If the FL are saying New Co have to repay the money then why can't the creditors chase New Co for the money, as the FL have said they are responsible for the debt. Aren't CVA's normally sorted out in court and not at the FL. Confused, please help my head hurts. If you read the above deano its clear the the league have no right to force the new company to pay anything to the old company creditors, its the fact the league held the golden share that gives them the leeway to make them pay albeit at the rejected cva level. Its no good having a new football club etc if you then can't play in the league. This is why I say the FL has colluded with the clubs.

It does make me wonder then why the clubs have been allowed to stay in the league, and not been made to start at the bottom of the pyramid, as happened to Aldershot, Maidstone and Accrington among others in the past. They just seem to keep moving the goalposts to suit themselves.

It does make me wonder then why the clubs have been allowed to stay in the league, and not been made to start at the bottom of the pyramid, as happened to Aldershot, Maidstone and Accrington among others in the past. They just seem to keep moving the goalposts to suit themselves. That's what has riled me dean. Its well out of order, I agree with TDG about the creditors issue, but its clear the league don't. Yet again they can go off and spend spend spend having ripped off the HMRC and many others. Any club on the brink now is well and truly in the mire as I can't see the HMRC giving and room, they won't allow this ti happen again.

I agree with TDG about the creditors issue. TDG? The Dancer Grea-*test*-('")? I think I'm going to write to Brian Mawhinney with my suggestion. Its about time the FL put a stop to all this nonsense. If they followed my suggestion Luton wouldn't lose the 20 points but they would be financially micro managed by the FL so couldn't sign players on Horsfield-type wages unless they could still pay off their creditors in full and stay out of debt. There would be a hierarchy of expenditure from any income from whatever sources. 1. Payments on the agreed 100% CVA 2. Current legal/financial commitments 3. Staff wages 4. Day-to-day running of the club 5. New players A much fairer system.

I agree with TDG about the creditors issue. TDG? The Dancer Grea-*test*-('")? I think I'm going to write to Brian Mawhinney with my suggestion. Its about time the FL put a stop to all this nonsense. If they followed my suggestion Luton wouldn't lose the 20 points but they would be financially micro managed by the FL so couldn't sign players on Horsfield-type wages unless they could still pay off their creditors in full and stay out of debt. There would be a hierarchy of expenditure from any income from whatever sources. 1. Payments on the agreed 100% CVA 2. Current legal/financial commitments 3. Staff wages 4. Day-to-day running of the club 5. New players A much fairer system. LOL sorry chap, TGD I dunno where I got TDG from :lol:

Write to Mawhinney but also set up a petition (with the same wording) and spread it to different club's message boards.

So if Luton Town is a new company Beacuse the old one was skint then shouldnt they be traet the same as Telford, Aldershot,scarborough and Halifax etc... relegated and made to reform as AFC Luton in the unibond or combined counties league

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