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

Posted: 20:01 14 Oct 2011
by Ian Newell
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

Posted: 20:04 14 Oct 2011
by SurreyGreen
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

Posted: 20:09 14 Oct 2011
by Graham Clark
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

Posted: 20:12 14 Oct 2011
by Ian Newell
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

Posted: 20:14 14 Oct 2011
by NorfolkGreen
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.

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

Posted: 20:16 14 Oct 2011
by JerseyPilgrim
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

Posted: 20:19 14 Oct 2011
by Ian Newell
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

Posted: 21:28 14 Oct 2011
by Cult Of Personality
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

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

Posted: 22:48 14 Oct 2011
by Argyle1886
Resign and wind up the club you'll have more than people just threatening you. People will be for your head! :banghead:

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

Posted: 23:09 14 Oct 2011
by Chris Dennis
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?

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

Posted: 23:16 14 Oct 2011
by lunarjetman
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.

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

Posted: 23:18 14 Oct 2011
by Daz
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

Posted: 23:52 14 Oct 2011
by Rich158
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?