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General The Story So Far
A chronicle of 2011-2012 using classic, popular and important threads from Pasoti. Court winding-up petitions, administration, Preferred Bidder, Fundraising, Chris Webb, Q&A with James Brent - it's all here.
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Re: Today's the day (Heaney/Ridsdale given 26th Aug deadline

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by Peter_Jones
» 10:42 20 Aug 2011


IJN wrote: The CC meeting yesterday, was one of THE most depressing two hours of my life.

The shifting deadlines, the fudging by Brendan, the secrecy, has all had it's required effect.

If Heaney doesn't come up with the dosh, I think there's a 90/10 of Argyle folding. :sad:

Not all on the CC agree with me, but I think the majority did.

Dark, dark days, and I hope for all our sakes (including Brenda and Heaney) that this deal does go through, as I'm not quite sure what the reaction of Argyle fans would be.

Jut think, if the hapless Guilfoyle had accepted the best deal (Brent's) at the time, we would have been out of admin by 2 months now and looking forward to a quantifiable future, now what?



IJN's right, if Heaney fails to complete next week, and I personally don't think he will for a whole host of reasons, the odds are now stacked heavily against the club's survival.

We all saw Guilfoyle's tortured performance on the stage at the Pavilions last week. Unless P&A are prepared to accept some responsibility for the consequences of their decisions and actions ("The Irish", "Heaney definitely not involved", "Heaney merely an advisor to BIL", "I am assured that funding will be in place", etc etc ad infinitum) and provide the contingency with a sensible amount of time, then liquidation is now odds on.

As someone said in the meeting - "Brendan's not prepared the necessary ground for an alternative solution. If Heaney doesn't perform next week, there's virtually no time left. So he'll turn to us, take the pin out of a grenade, and hand it to us with a smile on his face..."

That's a good analysis, I fear.

Odds on liquidation? I wouldn't go as far as 90:10. But not that far off it.

Won't stop people trying though..

Re: Today's the day (Heaney/Ridsdale given 26th Aug deadline

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by bringonthemilkman
» 10:49 20 Aug 2011


Guilfoyle would ask JB to stump up 'a six-figure sum' immediately, but what guarantee would JB have that that considerable sum of money will not go straight into Guilfoyle/P&As backpocket to cover the exorbitant expense their own ineptitude has run up?

I wouldn't blame JB for not handing over the ransom wad BG is seemingly attempting to extort out of him. Such a scenario would also provide a simple excuse for BG to liquidate blithely shifting the blame to JB's door for failing to play his one-sided game.
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Re: Today's the day (Heaney/Ridsdale given 26th Aug deadline

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by ming the merciless
» 10:54 20 Aug 2011


That''s a truly depressing picture Ian and Peter have painted. For us mere fans the logical thing would be for us all to hope and prey the BIL deal goes through and we live to fight another day. But I just cannot bring myself to back these people. I just can't. I also cannot stomach the alternative. Argyle go bust. I really do feel like the rabbit staring at the bright light getting closer and closer. Don't know which way to turn. :cry:

Re: Today's the day (Heaney/Ridsdale given 26th Aug deadline

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by djg145
» 10:55 20 Aug 2011


Isn't there someone who actually oversees Administrators?

Something like Ofwat for Water and Ofgen for energy.

Administrators must be accountable to someone, and if they have made a mess of things, they must pay.
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Re: Today's the day (Heaney/Ridsdale given 26th Aug deadline

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by Tavypilgrim
» 10:56 20 Aug 2011


djg145 wrote: Isn't there someone who actually oversees Administrators?

Something like Ofwat for Water and Ofgen for energy.

Administrators must be accountable to someone, and if they have made a mess of things, they must pay.


Someone posted that there is a regulator/complaints thing, or something along those lines.

It is chaired by Brendan Guilfoyle.

Re: Today's the day (Heaney/Ridsdale given 26th Aug deadline

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by Pogleswoody
» 10:58 20 Aug 2011
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i know there are cutbacks in the police but . The Serious Fraud Squad .. are they still going?? sorry might have gone off thread there!! :oops:

I did a law degree you know, remember studying Section 16 of the Theft Act 1968: 'Obtaining pecuniary advantage by deception'. Very interesting but sooooo off thread!! sorry!! :oops:

Re: Today's the day (Heaney/Ridsdale given 26th Aug deadline

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by PL2 3DQ
» 11:00 20 Aug 2011
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Once this is over Guilfoyle and P and A will be in for a rough ride. The word will spread.

Re: Today's the day (Heaney/Ridsdale given 26th Aug deadline

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by Leigh Rapson
» 11:02 20 Aug 2011


IJN wrote: The CC meeting yesterday, was one of THE most depressing two hours of my life.

The shifting deadlines, the fudging by Brendan, the secrecy, has all had it's required effect.

If Heaney doesn't come up with the dosh, I think there's a 90/10 of Argyle folding. :sad:

Not all on the CC agree with me, but I think the majority did.

Dark, dark days, and I hope for all our sakes (including Brenda and Heaney) that this deal does go through, as I'm not quite sure what the reaction of Argyle fans would be.

Jut think, if the hapless Guilfoyle had accepted the best deal (Brent's) at the time, we would have been out of admin by 2 months now and looking forward to a quantifiable future, now what?


Ian, it wasn't the best deal though was it? It was the safe deal, the deal that everybody knew was the most viable but it wasn't the best. That's the only bit guilfoyle has done that has been correct IMHO, that said the plug should've been pulled when Heaney went to him and said that Abe had pulled out.
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Re: Today's the day (Heaney/Ridsdale given 26th Aug deadline

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by Leigh Rapson
» 11:03 20 Aug 2011


PL2 3DQ wrote: Once this is over Guilfoyle and P and A will be in for a rough ride. The word will spread.

I firmly believe that this is guilfoyles last administration for panda.
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Re: Today's the day (Heaney/Ridsdale given 26th Aug deadline

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by charlee
» 11:14 20 Aug 2011


I beleive that we will be liqudated, i cant see any light. Im worried sick. I couldnt bare to see us die i really could not.

I hope to god we are saved :(

Re: Today's the day (Heaney/Ridsdale given 26th Aug deadline

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by Sue Pollard
» 11:20 20 Aug 2011


This whole scenario is just sickening!!

Why didn’t Guilfoyle pursue with this (link below) in the first place!!!

http://www.pafc.co.uk/page/NewsDetail/0 ... 12,00.html

Instead, he went with an option that has lingered on for months and months on end, only to serve the purpose of making the players, staff and fans suffer furthermore, increasing the creditors debts, severely disrupting the morale amongst the fan base and now getting us to the point where liquidation (god forbid) could well become the outcome!

He’s always harped on that BIL offered the best deal for our creditors …. yet ‘history’ has shown us what BIL and Guilfoyle has done to us with their broken deadlines, lack of exclusivity money, still not showing proof of funding and the FL still not content with what is going on and so on. How can all this be classed as ‘BIL offered the best deal …’ when the creditors could well lose out all told! :banghead:

Yes, this whole state of affairs was created in the first place by the incompetency of the old board … but BG & Co, in my eyes, have added just as much weight to the problems.

This could have (and should have) been a situation that was dealt with long before now … but instead, the club is in now in an even more precarious position than ever, that will now (should a deal not be concluded with Heaney & Co) lead to James Brent not having enough time to bring an end to all of this for us, once and for all!!

I feel absolutely sickened by the whole events that have taken place!!!

Re: Today's the day (Heaney/Ridsdale given 26th Aug deadline

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by Shane Harris
» 11:23 20 Aug 2011


Why would Heaney say he is going to do the deal next week if he is a can't?

:oops:
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Re: Today's the day (Heaney/Ridsdale given 26th Aug deadline

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by charlee
» 11:25 20 Aug 2011


SCH wrote: Why would Heaney say he is going to do the deal next week if he is a can't?

:oops:


To rid himself of the competition and have a gold mine of a development site on home park
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