Grimesthorpian

Reading?

I’m very aware. The EFL are the overseers of all clubs and can therefore call clubs to account if they think their regulations have been compromised, regardless of SAG. The EFL have done nothing - as we understand - to address the problems at one of their member clubs. The North is just part of the problem.

If you want to have a say it’s enquiries@efl.com … it’s the only ‘in’ but ask for the email to be passed to the relevant department.

Just written to the EFL re their Fit and Proper charter, asking how an owner who flirts with supporter safety can possibly not breach it. That’s precisely what he’s done, given he knew this day was likely to come, even selling STs for the Canti until yesterday. For me this plummets to a new low. i await their response - but I’d urge other fans to lodge their protests as well because the EFL have so far been a disgrace.

If they did reach the due diligence process - a deep dive into the books - then there’s a pretty good chance of that.

Think you’re pretty much spot on. But… My feeling is that the financial rip tide here is much worse than we think. If it’s true that he’s taking out loans - possibly hi-interest ones - then that tells me there are serious problems and ones that will, when the due diligence process starts, have buyers running for the hills. If that’s the case then they’ll wait for admin, either that or they’re bonkers. The next accounts will be very interesting.

As far as I’m aware, having worked with RUFC during their implosion 15 years or so ago, if it is taken into admin - and as it stands that’s becoming a very realistic likelihood - then Chansiri loses the lot. HMRC or any major creditor can apply for admin or a potless DC can himself opt for it (unlikely) in which case the club is taken over by a legal firm to administer the process, which will involve a CVA, whereby creditors will be asked to take something like 1p in the £. A certain percentage have to agree to that and if they don’t SWFC Ltd will be liquidated - but the usual case is that it will go through and the creditors are screwed but the club continues in a more streamlined form without debts and will be sold to the best/highest bidder. That’s why the potential buyers are v quiet at the mo because they’re waiting for the fire sale. Unpalatable and with a lot of points deductions and hurt but at least it is an exit strategy. Of course with the SWFC 1, 2, 3, 4, 5 shenanigsns etc I sense a legal nightmare regarding the ground, which if a VERY important ingredient in all of this.

Exactly this. And that’s a huge part of the problem at SWFC. Our fanbase is fantastic, astonishing how it’s grown over the years despite all the underachievement, but while ever fans are buying the tickets/merch/pies and paying the ridiculous prices then DC has continued charging his customers what he has; it’s a simple supply-demand curve. On top of that we’ve a welter of happy clappers who - until now - couldn’t see what was unfolding. The ‘don’t throw the tennis balls on the pitch cos it’ll upset Barry’ brigade. At other clubs not a million miles away they would have been demanding heads be stuck on poles, too many of out lot just tut and rush over to the shop to place their orders for a shirt with the old badge on for the 2039-40 season.

Big Steve will get them going for Saturday - just what we need to hear! And I’m hearing shares at Burger King and KFC have rocketed in Rovrum… Winner winner

Depends where the ownership has been squirrelled, hence the SW1,2,3,4etc. I suspect it will be separate from the ‘club’ and DC will retain ownership - which ain’t good news for us. I’d be amazed if he hasn’t done that.

Hmmmmmm. What’s DC’s end game here? He/his accountants know you DON’T mess with HMRC, although we don’t know how deep in he is. It certainly won’t be ten bob. So…has this been done deliberately - in that the next stage will be a Winding up Order, then placed into Admin. Admin is the way out for DC because he then has to step down and SWFC 1,2,3,4,5 etc will have to undergo a Creditors Voluntary Arrangement which basically pays all creditors a few pennies in the pound and if successful then the Admin wallahs can find a buyer. If DC has been a creditory claim - and he will have - then at least he’ll get something back. Off he goes to find a new plaything while SWFC will cop for another points deduction as part of it. Then again if the CVA fails the club will be liquidated…. What a mess.

There was me thinking Dirty Dej was trying to rip us off. Pah.

Answered. Ta

Quid cheaper for away fans. Plus we have a booking fee