chorleyowl

Thanks. They would have to pass the owners and directors test.

You mentioned in an earlier post that the £450000 is due on 15th? With the Coventry money would this be enough to settle this months wages etc? You might not know but what would be you're best guess?

You know throughout this whole shambles of a situation the one thing that keeps me smiling is how absolutely brilliant Chansiri is at losing. He's just so useless. Don't try to figure out what the masterplan is. There isn't one. But it isn't funny when he's causing such damage to ordinary good people's lives. Great pic that.

Exactly. How can you argue you're a fit owner when you're paying £100,00's for legal representation and not paying staff, bills, HMRC etc?

Yep what an utterly stupid thing to say.

Yep it looks to me like the Titanic has completely missed the iceberg on this occasion

He paid wages late at end of July. But your legal assumptions are wrong anyway despite that.

Absolutely Rev .

The law was passed on 21st July so swfc case is totally within it's jurisdiction. Also previous misdemeanours will count as would be normal when building a case to warrant Regulator investigation. It will be already be being prepared. Look at the details in the consultation doc. You're incorrect which is why nobody has it on their radar.

Staton says not a chance.

It's bloody obvious to me is that you haven't studied the consultation doc. I have. The Regulator has powers way beyond the current EFL. Previous misdemeanours will be considered and he will have to provide all financial documentation/projections/planning required and can be personally interviewed by the Regulator. Any non compliance will lead to personal sanctions e.g. fines. There's way more. Muddling on month by month won't satisfy the new law. He really needs to sell now or this will be very embarrassing for him. Just to check "is there anything in that you don't get?" Totally different ball game as Parry, Nandy,Betts have said. He has one possible way out and that's some investment that can be shown to be sustained and that's for a couple of years at least. Do you think he'll meet the "bare minimum" in September October November etc? We really need to keep defunding him by the way.

No he's not. He's only met the "bare minimum" once in the last 5/6 months. Not paying staff on time /hmrc/money owed to other clubs is not meeting the "bare minimum".

How many times has he done this? What an absolute loser.

I don't think Joe means being discussed now just that it has been. If you read the consultation doc published yesterday, refusing to communicate personally or not providing required business information is directly punishable with sanctions in itself. The legislation and Regulator powers are very incisive. Can he afford a legal team? I think the legal powers have anticipated this kind of attempt to delay.

Yes. Our resident miscreant has already built up an impressive portfolio of previous. He's in a very weak position.

Yes good point. That'll be interesting. Textor's not keen on regulation either.

Yes just had a quick skim through some of the consultation doc. The thing that struck me straight away was the level of power the Regulator has when conducting an investigation into an owner. They can get warrants to demand to see anything they want that they think is relevant. No hiding in Thailand for our Daftone. That would absolutely make his head explode. Being treated like a suspected criminal. He can be questioned personally ( obviously he'll have representation) but he won't be able to get away with his nonsensical rants. I think it's pretty powerful. Can't see him coping with that. Think of the shame. Sell up now while you can would be sensible advice. Daftone acting on sensible advice . This is a very serious well constructed piece of legislation. Whilst it is an independent regulator, the government will desperately want it to be seen as a political win. Our Daftone is a perfect test case to start with.

"the new owners test" - it applies both to new prospective owners and existing one's.

Absolutely. Well said. I'm so annoyed with the "clinging on" till Xmas posters. Not only is it nonsense it doesn't help. Day after day keep the pressure on. Lots of things coming up that will hit him hard. Really value your contributions. Thanks.

Yes the "stumbling on" theory is just such utter nonsense. All the income that would normally come in now has dried up. Wonder why? He's absolutely brassic.

Could not agree more. It's all coming out and there'll be much more. Look journo's opportunities for many more scoops. "The madness of King Dejphon".

I hope the local journo's/Sky make a big deal of this. More important than the match in my view.

Yes he did. I actually think he said that he'd had to borrow from Hedge funds against his shareholding in TUG which I believe has halved from £16m to £8m. This kind of borrowing is, as you say a real gamble. The hedge funds could call it in. He's not in a great place financially. I don't think his family have ever invested in the club. They've had their own problems (daddy and big brother - insider dealing - daddy had to resign from TUG)

Yep no early bird for me. I think he's in for a bit of a shock if he's still around by then.

Only lower open so about 8200 but as Big D says 3 blocks not for sale - maybe 1200 so just over 2000 left out of 7000 = 5000 sold. Very happy to be corrected though. I reckon about 25/30% of what normal sales would be for this game.