Re: All Ready for tomorrow! - The Rescue Plan / Plan B Meeti
Posted: 07:18 15 Jul 2011
Peter_Jones wrote:tonycholwell wrote: Guys, I hate to say this, but beyond the obvious sentimentality of some of the posts is a complete mis understanding of the situation.
Chris has rather well laid out the proposition that this is Plan B and only to be enacted if Plan A fails. Plan B is all about James Brent riding over the horizon IF Heaney fails to deliver.
It is not an alternative to Plan A because he wasnt that committed to buying Argyle. If he was we wouldnt be in the apparent mess many believe we are currently in. He made it very clear he would not finance the club, including paying the staff, whilst deciding if he wished to proceed. He would not pay the exclusivity payments nor pay that much to those Argyle oweed.
Against that backdrop, Heaney is now in pole position and will probably get the freeholds and pass off the club to the Riddler. The time to gee up Brent was some months ago and persuade him to go a step further. he didnt want to and so we are where we are.
Like wise Viv P cant be seen to come out and say "PCC will buy HP, which is why she hasnt.
We are where we are for very good reasons. 2/3 pretty awful alternatives but the ginger one is heading for the tape first and the Riddler is still smiling.
Relax, the contest is over, now you only have to decide if you wish to actively support Argyle or not.
Tony, you really are extremely patronising, and you appear to believe that all those engaged in the Plan B initiative are entirely devoid of intelligence and insight.
There are very good reasons to be deeply concerned about the ""Irish"" Bid, and its potential impact on Argyle. Not least the bizarre process that the Leeds group have pursued.
Furthermore, the obsessive secrecy surrounding this Bid and the administrator's willingness to lie repeatedly in order to protect is an issue that even Yates of the Yard may feel compelled to investigate in a parallel world.
Plan B is not about that, however.
Plan B is about preparing a backstop should Plan A fail.
And it could well fail.
First, Heaney may not be able to come up with the money. Why? Because of the lack of certainty that planning permission for his scheme for the park will be granted. Plus the time it could take to go through.
It is already known that one of his key investors has walked away.
Second, because the FL may not buy into the paper-thin, translucent Chinese Walls being erected to create the illusion that Heaney has no interest in the club.
Third, because of the "fit and proper persons test". Both Ridsdale and Heaney have liquidated companies in the last three years, leaving trails of debt unpaid. In Ridsale's case, over a third of a milion pounds to the taxpayer (you and me). At least one of those liquidations is still under investigation.
Fourth, because of what is happening at Cardiff Crown Court in a couple of weeks. Sorry, but I don't think that anyone can guarantee that Mr Ridsdale will be found "not guilty". For all of his bragadaccio, the chance remains that the CPS have a case.
So - we're not out of the woods yet. By any means. And the season starts in just over three weeks time.
Surely it would be irresponsible for there not to be a Plan B in place?
And if the administrator isn't prepared to put in the work (despite his eye-watering fees), others have to step up to the plate.
Indeed - even the Leeds conection thought that just a month ago - 15th June
The group agreed to pay £1 million for exclusivity in the takeover talks last month, locking out other bidders. But their first instalment was late and the next, thought to be in the region of £200,000, is due next Tuesday. A final payment is due at the end of the month, when Guilfoyle is hopeful of completing the sale.
"I am fully confident this group are going to complete once I get the next payment," he added. However, it has come to light that there are three other potential backers, should the deal collapse.
Argyle's acting chairman Peter Ridsdale is in New York meeting prospective investors. Bradley Rangell, a sports finance director at banking firm Citibank, represented a US consortium which was eyeing the Pilgrims during talks earlier this year. Those discussions ended last month and Ridsdale would not comment on whether they had resumed. But he said: "Option A may or may not complete, but we need to make sure we at least have an option B, C, D, and so on.
More spin? As now alternative options are a complete no go our Leeds friends tell us.