DC can find money when he wants

Someone's posted on another post in the Boardroom section that if there is an inquest into the club by the IFL the club is taken off DC and he has to fight to get it back...just how much money do we think he'll spend to do that ??

11 minutes ago, Daveyboy66 said:

Someone's posted on another post in the Boardroom section that if there is an inquest into the club by the IFL the club is taken off DC and he has to fight to get it back...just how much money do we think he'll spend to do that ??

A good summary here...

https://swfctrust.co.uk/faq-independent-football-regulator/

I hope I am wrong but I reckon that the IFR will be able to do very little in what will be a test case. Every verse and chapter will be blocked by legal road blocks.

As Simon Jordan said on TS a few weeks ago, DC may well argue that in what other industry are owners expected to comply with a regulator in this form?

It either needs a move towards administration where what's left can be sold by the insolvency practioner / administrator (is he trading insolvently or recklessly?) or for the EFL or FA to boot us out of the Championship which will reduce the value of the club to practically zero since there will be no more matches to play.

I can't see any positive scenario in the short term, however.

Dejphon will only be DejGone when he has run out of assets to strip.

Daftson still has £9-10m worth of shares in the Thai Union Group.

What's happened re the 7.4 million owed re the stadium on the 30th of September.? I thought the Cancer had to repay a large chunk of the loan. Has he done so considering he was reported as having 7 days grace to do so? I was hoping that this would cause him serious trouble as the loan was not likely to be rolled over yet again.

1 hour ago, Musn't Grumble said:

I hope I am wrong but I reckon that the IFR will be able to do very little in what will be a test case. Every verse and chapter will be blocked by legal road blocks.

 

As Simon Jordan said on TS a few weeks ago, DC may well argue that in what other industry are owners expected to comply with a regulator in this form?

 

It either needs a move towards administration where what's left can be sold by the insolvency practioner / administrator (is he trading insolvently or recklessly?) or for the EFL or FA to boot us out of the Championship which will reduce the value of the club to practically zero since there will be no more matches to play.

 

I can't see any positive scenario in the short term, however.

 

Dejphon will only be DejGone when he has run out of assets to strip.

DC can challenge anything the IFR throws at him but all legal road blocks will cost him a fortune.

DC can argue all he likes but there are several industries where owners have to demonstrate that they are fit and proper.

And to empathise fit and proper criteria the regulator will just point out the six embargoes that DC has outstanding for Wednesday and the fact that he has failed to engage with the EFL by providing the information requested.

5 hours ago, SheffWed said:

Like I said DC will fight it, it’s not gonna be easy as some people think.

 

Eventually will he lose, we hope, but it’s gonna be a long drawn out process.

 

He certainly doesn’t seem worried about the IFR.

 

 

And there was me thinking the club isn't leaking testicles information ATM.

Did you honestly expect to read that Channers knows he is screwed and the IFR is going to take the club off him? 

2 hours ago, Musn't Grumble said:

I hope I am wrong but I reckon that the IFR will be able to do very little in what will be a test case. Every verse and chapter will be blocked by legal road blocks.

 

 

Exactly.

Some think the IFR will rock and say bye and he will go, it’s going to be a long process.

We are a test case, there will be bumps in the road, back and forth, legal challenges, it will all get tied up in red tape and what not.

The more DC spends on legal fees is good but it won’t stop him dragging it out.

It’s stated on the trust website the IFR can’t just boot him out.

It will be a long process.
 

Did anyone honestly think they'd just be able to come in and take it off him? 

44 minutes ago, SiJ said:

Did anyone honestly think they'd just be able to come in and take it off him? 

On the flip side to that, does anyone think he can build a case that he should be left to run a football club?

2 hours ago, Beauchief Owl said:

What's happened re the 7.4 million owed re the stadium on the 30th of September.? I thought the Cancer had to repay a large chunk of the loan. Has he done so considering he was reported as having 7 days grace to do so? I was hoping that this would cause him serious trouble as the loan was not likely to be rolled over yet again.

We are still waiting to learn what’s happening.

It wasn’t a 7 days grace for Chansiri to pay the owed money. The lender had 7 days to trigger action to take ownership of the stadium 

That deadline for them is tomorrow.  
 

so we will likely learn on companies house tomorrow or Friday what’s happened there 

1 hour ago, SiJ said:

Did anyone honestly think they'd just be able to come in and take it off him? 

Yeah quite a few still do

1 hour ago, Crazy Daizy said:

Yeah quite a few still do

Well, they are in for a rude awakening. 

If his plan is to contest this in court, then I think he will probably lose, however; the main fear would be whether there is anything to actually fight over. 

19 minutes ago, SiJ said:

Well, they are in for a rude awakening. 

 

If his plan is to contest this in court, then I think he will probably lose, however; the main fear would be whether there is anything to actually fight over. 

 

 

Let’s hope he runs his legal case as competently as he runs his football club

He might end up with a life sentence for contempt 

11 hours ago, SiJ said:

Well, they are in for a rude awakening. 

 

If his plan is to contest this in court, then I think he will probably lose, however; the main fear would be whether there is anything to actually fight over. 

 

 

The Regulator won't risk going to court. Not in the near future...imho.

"The last thing what we want to do is start getting involved with an individual club, an individual owner, without being able to work with that owner to try and resolve the issues that the club's facing and the owner's facing," Kogan said.