Russian Hats Posted September 11, 2013 Share Posted September 11, 2013 Given BDO recently had concerns re corporate income for hospitality and the reference to cash running out in November (c8 weeks away), do FOH have the mandate to help provide cash flow even IF CVA not been agreed? And if they did or planned a u-turn, how would everyone feel about it? Me? I would be ok if a positive view was given re chances of obtaining a CVA but if we were in total limbo and set for 50:50 chance of liquidation, I would have concerns money would just be swallowed up. Edit - ADMIN can you change title to Pledges Link to comment Share on other sites More sharing options...
Hungry hippo Posted September 11, 2013 Share Posted September 11, 2013 Given BDO recently had concerns re corporate income for hospitality and the reference to cash running out in November (c8 weeks away), do FOH have the mandate to help provide cash flow even IF CVA not been agreed? And if they did or planned a u-turn, how would everyone feel about it? Me? I would be ok if a positive view was given re chances of obtaining a CVA but if we were in total limbo and set for 50:50 chance of liquidation, I would have concerns money would just be swallowed up. Edit - ADMIN can you change title to Pledges There would be no need for the pledges to be used given 'Bidco' have capital available if necessary. Link to comment Share on other sites More sharing options...
Russian Hats Posted September 11, 2013 Author Share Posted September 11, 2013 There would be no need for the pledges to be used given 'Bidco' have capital available if necessary. You mean to fund club n short term pre CVA price agreed? Would be surprised if they would do that.. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted September 11, 2013 Share Posted September 11, 2013 No is the simple answer. It sharpens the need for all parties to do a deal. Link to comment Share on other sites More sharing options...
Martin_T Posted September 11, 2013 Share Posted September 11, 2013 I think it's likely that as things stand, the club is probably funded up until February/ March. This is based on a low cost base and strong ticket sales and other income so far this season. Link to comment Share on other sites More sharing options...
Russian Hats Posted September 11, 2013 Author Share Posted September 11, 2013 I think it's likely that as things stand, the club is probably funded up until February/ March. This is based on a low cost base and strong ticket sales and other income so far this season. Did BDO say that? If so then that's likely to take us to season ticket time and probably see us through. I read in EEN report, November, but given quality of journalism I would be checking the calendar if they said today was Wednesday. Link to comment Share on other sites More sharing options...
Hungry hippo Posted September 11, 2013 Share Posted September 11, 2013 You mean to fund club n short term pre CVA price agreed? Would be surprised if they would do that.. If there was a legal/bureaucratic reason why the deal was delayed they could step in. There should be no need for this pre CVA as it is not in ths creditors interests for this ti be drawn out. A price will either be rejected or, far more likely, accepted within a month or two. Link to comment Share on other sites More sharing options...
Mister Dee Posted September 11, 2013 Share Posted September 11, 2013 Why would the Club turn down offers for players if the money is about to run out? Link to comment Share on other sites More sharing options...
CornhillHearts Posted September 11, 2013 Share Posted September 11, 2013 Did BDO say that? If so then that's likely to take us to season ticket time and probably see us through. I read in EEN report, November, but given quality of journalism I would be checking the calendar if they said today was Wednesday. If memory serves correctly Trevor Birch said January at the last shareholders meeting. Link to comment Share on other sites More sharing options...
CJGJ Posted September 11, 2013 Share Posted September 11, 2013 At no point have BDO mentioned any specific dates. The initial responses after the extra season ticket sales indicate there were funds to the end of the year. Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted September 11, 2013 Share Posted September 11, 2013 November was the date commonly used on Hibs.net. Link to comment Share on other sites More sharing options...
niblick1874 Posted September 11, 2013 Share Posted September 11, 2013 Did BDO say that? If so then that's likely to take us to season ticket time and probably see us through. I read in EEN report, November, but given quality of journalism I would be checking the calendar if they said today was Wednesday. Why not check the calendar first before coming out with hobonomics. Link to comment Share on other sites More sharing options...
OTT Posted September 12, 2013 Share Posted September 12, 2013 I wish we could just be bought already, it's getting really frustrating!!! Although obviously this is going to be a long dragged out process, unless UBIG will stop being dicks and just accept their in admin ******* vlad eh Link to comment Share on other sites More sharing options...
Kiwidoug Posted September 12, 2013 Share Posted September 12, 2013 November was the date commonly used on Hibs.net. November it is then. These balance sheet maestroes know their stuff. Link to comment Share on other sites More sharing options...
grumpyjambo Posted September 12, 2013 Share Posted September 12, 2013 I wish we could just be bought already, it's getting really frustrating!!! Although obviously this is going to be a long dragged out process, unless UBIG will stop being dicks and just accept their in admin ******* vlad eh Mr. Romanov if you don't mind. Link to comment Share on other sites More sharing options...
Davie749 Posted September 12, 2013 Share Posted September 12, 2013 But BDO don't hold the money, FoH do and it will surely be up to them to make a decision if the needs arise. Link to comment Share on other sites More sharing options...
Diadora Van Basten Posted September 12, 2013 Share Posted September 12, 2013 Given that the pledges will eventually but the club and the money used to buy the club will mostly go to paying off the administrators then we are already funding the administration. To use the pledges to directly fund the admin means we are getting nothing back for our money. To buy the club using pledge money and then that is used to pay the admin means we get the club for our pledge money. Link to comment Share on other sites More sharing options...
geogth Posted September 13, 2013 Share Posted September 13, 2013 At no point have BDO mentioned any specific dates. The initial responses after the extra season ticket sales indicate there were funds to the end of the year. Lets hope this is right. Link to comment Share on other sites More sharing options...
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