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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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Admin Fees and Consultants Pay (full report)

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Posts: 731
Joined: 17:52 29 Sep 2003
by Laughter My Ploy
» 06:52 04 Oct 2011


http://www.thisisdevon.co.uk/Fees-pound ... story.html

700k and 50k respectively according to Herald

Re: Admin Fees and Consultants Pay

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Joined: 08:34 07 Oct 2003
by bandwagon
» 07:08 04 Oct 2011


'Consultancy fees', thought to have been paid to three people, including acting club chairman Peter Ridsdale, total £50,500.

Thought Ridsdale said he had not been paid?
Back and all angelic!! Hahahahahah!!

Re: Admin Fees

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Joined: 10:42 15 Sep 2003
by Andy_S
» 07:10 04 Oct 2011
Site Admin, Lowey Sponsor, Dom Sponsor, Katie Sponsor


Where to bloody start!!!

1. How the flying fid can he warrant a pay rise of £12 an hour????

2. £66,739 on "professional fees"? What fees are they then and who was that paid to?

3. The "partner" handling the case had better sort his flaming maths out!!! 812.7 hours at £279.21 (top rate) does not equal £381,008! For the record, it's £226,913.96. Only £160,000 difference then!

4. "Other senior professionals"????? What other senior professionals? Where the hell did their 1,389 hours appear from? For the record, that's 173 DAYS at 8 hours a day EVERY day - no weekends, no days off!

5.
The paperwork also reveals how a Government department has been handed a report on the conduct of the Pilgrims' former directors, whose tenure saw the club slide into insolvency.

Mr Guilfoyle writes: "As required by the Company Directors Disqualification Act 1986 the Joint Administrators have submitted a report on the conduct of the directors of the company.

"This report has been lodged with the Department of Business, Innovation and Skills but its contents are to remain confidential."


WHY are the contents remaining confidential? We have gone through 6 months of Hell because of the incompetence of the seven - make the bloody report PUBLIC!

6. And while you're at it Mr Guilfoyle, and we are talking incompetence - why not write a report on yourself and submit that? Had you acted correctly at the beginning, HELL even if you had acted accordingly back in sodding June a lot of this misery could have been averted!

It would not surprise me in the slightest to find that the costs of the Administrator are actually DOUBLE what they would have been had Guilfoyle not persisted with the ginger fantasist.

You're an incompetent clown Guilfoyle and you should NEVER be permitted to oversee any other football club, in administration.
There is no argument to equal a happy smile!

Re: Admin Fees and Consultants Pay

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Joined: 20:49 23 Sep 2011
by Wildsurf
» 07:17 04 Oct 2011


Don't be shocked by this, when my local club, Farsley Celtic went belly up the administrator racked up £250k in fees despite having a willing buyer from day 1. If a non league club with barely any staff and turnover less than a tenth of Argyle can end up with a bill a third of Argyles we should count our chickens that the bill isn't higher and Brent is willing to pay it.

I'm an accountant and even I'm embarassed by the fees my firm charges for advice. Our fees make Panda look reasonable.

Re: Admin Fees and Consultants Pay

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by PL2 3DQ
» 07:28 04 Oct 2011
Pauls Flag, Site Admin, Lowey Sponsor, Dom Sponsor


bandwagon wrote: 'Consultancy fees', thought to have been paid to three people, including acting club chairman Peter Ridsdale, total £50,500.

Thought Ridsdale said he had not been paid?



One other consultant would be football agent Jamie Hart.

Re: Admin Fees and Consultants Pay

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by Peter_Jones
» 07:31 04 Oct 2011


PL2 3DQ wrote:
bandwagon wrote: 'Consultancy fees', thought to have been paid to three people, including acting club chairman Peter Ridsdale, total £50,500.

Thought Ridsdale said he had not been paid?



One other consultant would be football agent Jamie Hart.



Well I reckon the £150 for "office holder fees" may well point in the direction of Mr Ridsdale, with Jamie Hart and others in the consultancy box.

Re: Admin Fees and Consultants Pay

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by Peter_Jones
» 07:32 04 Oct 2011


Peter_Jones wrote:
PL2 3DQ wrote:
bandwagon wrote: 'Consultancy fees', thought to have been paid to three people, including acting club chairman Peter Ridsdale, total £50,500.

Thought Ridsdale said he had not been paid?



One other consultant would be football agent Jamie Hart.



Well I reckon the £150k for "office holder fees" may well cover Mr Ridsdale, with Jamie Hart and others in the consultancy box. Pure speculation on my part, though...

Re: Admin Fees and Consultants Pay

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by Bubba
» 07:33 04 Oct 2011
Site Admin, Lowey Sponsor, Dom Sponsor, Katie Sponsor


PL2 3DQ wrote:
bandwagon wrote: 'Consultancy fees', thought to have been paid to three people, including acting club chairman Peter Ridsdale, total £50,500.

Thought Ridsdale said he had not been paid?



One other consultant would be football agent Jamie Hart.



Is he related to Paul Hart? ex palace, swindon etc etc and good friend of Peter Ridsdale?

Re: Admin Fees and Consultants Pay

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by Mark Pedlar
» 07:38 04 Oct 2011
Site Admin, Dom Sponsor


Bubba wrote:
PL2 3DQ wrote:
bandwagon wrote: 'Consultancy fees', thought to have been paid to three people, including acting club chairman Peter Ridsdale, total £50,500.

Thought Ridsdale said he had not been paid?



One other consultant would be football agent Jamie Hart.



Is he related to Paul Hart? ex palace, swindon etc etc and good friend of Peter Ridsdale?


I think you know the answer Bubba!
"I think it is important to win a match, but I think what is even more important is the manner in which you win." - Jock Stein.

Re: Admin Fees and Consultants Pay

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Joined: 17:46 26 Nov 2006
by Bubba
» 07:43 04 Oct 2011
Site Admin, Lowey Sponsor, Dom Sponsor, Katie Sponsor


Mark Pedlar wrote:
Bubba wrote:
PL2 3DQ wrote:
bandwagon wrote: 'Consultancy fees', thought to have been paid to three people, including acting club chairman Peter Ridsdale, total £50,500.

Thought Ridsdale said he had not been paid?



One other consultant would be football agent Jamie Hart.



Is he related to Paul Hart? ex palace, swindon etc etc and good friend of Peter Ridsdale?


I think you know the answer Bubba!



:whistle:

Re: Admin Fees and Consultants Pay

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Posts: 1241
Joined: 07:18 31 Mar 2006
Location: Bradford Yorkshire
by James Owen
» 07:53 04 Oct 2011


JOKE!! staff go unpaid, and he's given himself a pay rise! WHAT A MAN!!

:twisted:
Plymouth Argyle- Beyond The Promised Land

Re: Admin Fees and Consultants Pay

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Joined: 20:19 31 Oct 2010
by PL2 3DQ
» 08:00 04 Oct 2011
Pauls Flag, Site Admin, Lowey Sponsor, Dom Sponsor


A further £1.4million has been spent since their appointment, including £150,000 on 'office holder fees' and £66,739 on 'professional fees'.


Ah, so that's where the Jack Stephens money went.

Re: Admin Fees and Consultants Pay

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Joined: 10:45 15 Sep 2003
Location: Denmark
by Andy_Lannie
» 08:00 04 Oct 2011
Banned


The fees may seem extortionate but if we survive then it won't matter.

Most consultancies have large hourly rates, it's the nature of the work. The final bill is large but Heany is the guy that has dragged this episode on for months and months. the Administrator has been trying to get the best deal for the creditors.
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