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Admin Fees and Consultants Pay (full report)

Posted: 06:52 04 Oct 2011
by Laughter My Ploy
http://www.thisisdevon.co.uk/Fees-pound ... story.html

700k and 50k respectively according to Herald

Re: Admin Fees and Consultants Pay

Posted: 07:08 04 Oct 2011
by bandwagon
'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?

Re: Admin Fees

Posted: 07:10 04 Oct 2011
by Andy_S
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.

Re: Admin Fees and Consultants Pay

Posted: 07:17 04 Oct 2011
by Wildsurf
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

Posted: 07:28 04 Oct 2011
by PL2 3DQ
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

Posted: 07:31 04 Oct 2011
by Peter_Jones
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

Posted: 07:32 04 Oct 2011
by Peter_Jones
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

Posted: 07:33 04 Oct 2011
by Bubba
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

Posted: 07:38 04 Oct 2011
by Mark Pedlar
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!

Re: Admin Fees and Consultants Pay

Posted: 07:43 04 Oct 2011
by Bubba
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

Posted: 07:53 04 Oct 2011
by James Owen
JOKE!! staff go unpaid, and he's given himself a pay rise! WHAT A MAN!!

:twisted:

Re: Admin Fees and Consultants Pay

Posted: 08:00 04 Oct 2011
by PL2 3DQ
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

Posted: 08:00 04 Oct 2011
by Andy_Lannie
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.