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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: Statement from P&A Partnership re Argyle Fans Protest

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by Ian Newell
» 20:01 14 Oct 2011


PAFC+ wrote: Genuine question ...why aren't PandA going after the £700k outstanding from BIL. £1m for exclusivity was the deal. They had exclusivity until the absolute limit legally possible, so why do they let BIL off the hook and instead prepare to shaft the staff. Surely PandA would have made the exclusivity deal legal and binding, so what's stopping them?


Good question, but they know (and probably knew) he has no money.

What was it Hinchliff said to Damon? "I have seen the money, we have proof of funding'

Oh yeah, of course you did. :lol: :lol: :lol: :lol:

Re: Statement from P&A Partnership re Argyle Fans Protest

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by SurreyGreen
» 20:04 14 Oct 2011


IJN wrote:
PAFC+ wrote: Genuine question ...why aren't PandA going after the £700k outstanding from BIL. £1m for exclusivity was the deal. They had exclusivity until the absolute limit legally possible, so why do they let BIL off the hook and instead prepare to shaft the staff. Surely PandA would have made the exclusivity deal legal and binding, so what's stopping them?


Good question, but they know (and probably knew) he has no money.

What was it Hinchliff said to Damon? "I have seen the money, we have proof of funding'

Oh yeah, of course you did. :lol: :lol: :lol: :lol:

Yeah, a big scam to inevitably ask for more money from another prospective purchaser

Re: Statement from P&A Partnership re Argyle Fans Protest

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by Graham Clark
» 20:09 14 Oct 2011


Has anybody thought of the implications if P and A did actually resign from their appointment as Joint Administrators? According to their statement last month they, and their advisors, had only been paid something like £150k of their time costed charges of something around £700k. If they walk away on Monday how do they expect to recoup their losses and fee exposure. Just imagine the arguments they might have to justify in any Court Case they might pursue for non-payment and against who? Would they really expose themselves to such professional ridicule and immediate losses?

Re: Statement from P&A Partnership re Argyle Fans Protest

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by Ian Newell
» 20:12 14 Oct 2011


That's a very easy question to answer Mr Clark.

We had to walk away because the nasty, wasty Plymouth folk, rang up our offices and sent us E mails for 8 hours!!

:lol: :lol: :lol: :lol:

Fools, complete fools.

Re: Statement from P&A Partnership re Argyle Fans Protest

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Location: Norfolk
by NorfolkGreen
» 20:14 14 Oct 2011


GreenSam wrote:
NorfolkGreen wrote: If and it is a big IF, the matchday revenue doesn't cover the costs now, as mentioned in the statement, then how are we going to survive in the medium to long term?

We only have to last until the deal is done. As long as JB can come to an agreement on fees with P&A (I'm sure it'll happen, it's just a bit of end game scrabbling for the best deal), we'll be fine when the takeover is complete. The PB bidder was always going to cover first year losses.


Not without the removal of some significant cost pressures.
I was born a green, I live a green and will die a green

Re: Statement from P&A Partnership re Argyle Fans Protest

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by JerseyPilgrim
» 20:16 14 Oct 2011


Just wondered, Where does James Brent stand in all this?

Is he consulted by the trust in advance of these actions?

Is he behind our actions today? Does he see it as a help or a hiderence?

Re: Statement from P&A Partnership re Argyle Fans Protest

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by Ian Newell
» 20:19 14 Oct 2011


James talks to the CP'ers, individuals have their own voices.

He's above all of this, we are not. :greensmile:

Re: Statement from P&A Partnership re Argyle Fans Protest

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by Cult Of Personality
» 21:28 14 Oct 2011


Would it be a bad thing if HMRC got hold of the admin

Would they not be able to speed things up

I am just asking as i dont know myself
Bring on the new dawn

Re: Statement from P&A Partnership re Argyle Fans Protest

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Joined: 12:35 06 Mar 2011
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by Argyle1886
» 22:48 14 Oct 2011


Resign and wind up the club you'll have more than people just threatening you. People will be for your head! :banghead:
In Feeney we trust! (Not scoring.)

Re: Statement from P&A Partnership re Argyle Fans Protest

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Joined: 18:17 03 Mar 2004
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by Chris Dennis
» 23:09 14 Oct 2011


Drew_Savage wrote: Don't shoot the messenger!
The reason we can’t pay the wages is that we simply don’t have the surplus after deducting the costs we have to pay for running the club. These include VAT, match day expenses, utilities and maintenance costs, player accommodation and travel, insurance premiums and ancillary professional fees i.e. valuers and the PFA’s solicitors.


So they are saying that there is no surplus with which to pay the staff after deducting their costs.

This means they have used up all the gate money and proportion of season ticket income and have nothing left.

'Ancilliary professional fees' includes paying Hart and Ridsdale I presume after which there isn't a penny left to pay any of the players or staff.

If this is the case then where did the money come from to pay wages when the players threatened to strike? Did they use their own funds for that?
Time flies like an arrow. Fruit flies like a banana.

Re: Statement from P&A Partnership re Argyle Fans Protest

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by lunarjetman
» 23:16 14 Oct 2011


People need to remember that the Admistrator is simply following a legal process. Without detailed knowledge of financial regulations and the various offers made for Argyle (which are not in the public domain) it is impossible to say whether the P&A partnership have done anything wrong or not.

The small group of people who have been hassling P&A need to think twice. Do you really understand enough about the Administration process to make such accusations ?

And if threats to staff have been made, then it's out of order. I don't think you wouldn't have the sympathy of many PAFC fans.
Last edited by lunarjetman on 23:19 14 Oct 2011, edited 2 times in total.

Re: Statement from P&A Partnership re Argyle Fans Protest

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Joined: 08:22 30 Sep 2003
by Daz
» 23:18 14 Oct 2011
Site Admin, Dom Sponsor


Thanks Dad, I'll go with the people that do know what has been going on.

Re: Statement from P&A Partnership re Argyle Fans Protest

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Location: Millbrook
by Rich158
» 23:52 14 Oct 2011


lunarjetman wrote: People need to remember that the Admistrator is simply following a legal process. Without detailed knowledge of financial regulations and the various offers made for Argyle (which are not in the public domain) it is impossible to say whether the P&A partnership have done anything wrong or not.

The small group of people who have been hassling P&A need to think twice. Do you really understand enough about the Administration process to make such accusations ?

And if threats to staff have been made, then it's out of order. I don't think you wouldn't have the sympathy of many PAFC fans.



Do you really understand the plain English guarantees given to those who bought season tickets in good faith?
"I can take no allegiance to a flag if I don't know who's holding it"
Peter Ustinov
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