kimosavi Posted April 13, 2019 Share Posted April 13, 2019 Settle an argument for me here Ann settled all uk debt after administration not just the uk football debt and players wages that were due? she also paid off all small businesses and the guys from kickback paid the poppy fund Cheers and any links would be appreciated Mon the Hearts Quote Link to comment Share on other sites More sharing options...
Bazzas right boot Posted April 13, 2019 Share Posted April 13, 2019 I believe football debts is everything connected to the football club not just other football clubs being paid. So even a window cleaner that cleaned the stadium must be paid. Could be wrong tho. Ff or the likes might be your man here for a more comprehensive and legal answer. Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted April 13, 2019 Share Posted April 13, 2019 (edited) 15 minutes ago, kimosavi said: Settle an argument for me here Ann settled all uk debt after administration not just the uk football debt and players wages that were due? she also paid off all small businesses and the guys from kickback paid the poppy fund Cheers and any links would be appreciated Mon the Hearts There were only two payments resulting from the CVA Ukio Bankas (their administrator) received cash (£2.4m) as settlement in respect of around £15m of debt and in return for the security over the stadium and other assets. UBIG (their administrator) received £100k for their shares. All other CVA creditors got nothing. although the CVA was approved unanimously. The second part of debt repayment, after the takeover, came from the SFA's insistence that all football creditors must be repaid in full. That cost the club £535k - paid for from the initial £1m handed over to the club by FOH. The "football creditors" included unpaid wages to players and coaches plus payments due to other clubs and the football authorities. Other small businesses and creditors got nothing, other than those funded by other sources like JKB. Edited April 13, 2019 by Footballfirst Quote Link to comment Share on other sites More sharing options...
kimosavi Posted April 13, 2019 Author Share Posted April 13, 2019 4 minutes ago, Footballfirst said: There were only two payments resulting from the CVA Ukio Bankas (their administrator) received cash (£2.4m) as settlement in respect of around £15m of debt and in return for the security over the stadium and other assets. UBIG (their administrator) received £100k for their shares. All other CVA creditors got nothing. although the CVA was approved unanimously. The second part of debt repayment, after the takeover, came from the SFA's insistence that all football creditors must be repaid in full. That cost the club £535k - paid for from the initial £1m handed over to the club by FOH. The "football creditors" included unpaid wages to players and coaches plus payments due to other clubs and the football authorities. Other small businesses and creditors got nothing, other than those funded by other sources like JKB. What a guy FF thank you do you have any links to news articles which covers the 535k being paid back Quote Link to comment Share on other sites More sharing options...
Maple Leaf Posted April 13, 2019 Share Posted April 13, 2019 2 minutes ago, Footballfirst said: There were only two payments resulting from the CVA Ukio Bankas (their administrator) received cash (£2.4m) as settlement in respect of around £15m of debt and in return for the security over the stadium and other assets. UBIG (their administrator) received £100k for their shares. All other CVA creditors got nothing. although the CVA was approved unanimously. The second part of debt repayment, after the takeover, came from the SFA's insistence that all football creditors must be repaid in full. That cost the club £535k - paid for from the initial £1m handed over to the club by FOH. The "football creditors" included unpaid wages to players and coaches plus payments due to other clubs and the football authorities. Other small businesses and creditors got nothing, other than those funded by other sources like JKB. Thanks for that. I'd forgotten some of those details. With regard to your last sentence, JKB and some Jambo individuals paid the money owing to all charities. Despite what some misinformed persons might claim, no charity lost money when HMFC went into administration. Quote Link to comment Share on other sites More sharing options...
Bridge of Djoum Posted April 13, 2019 Share Posted April 13, 2019 2 minutes ago, kimosavi said: What a guy FF thank you do you have any links to news articles which covers the 535k being paid back You just looking for someone to do everything for you to ''settle an argument''? Quote Link to comment Share on other sites More sharing options...
kimosavi Posted April 13, 2019 Author Share Posted April 13, 2019 3 minutes ago, Bridge of Djoum said: You just looking for someone to do everything for you to ''settle an argument''? Exactly my research abilities have gone as far as they can go i can remember reading how ann paid a sum around what FF quoted just wasnt sure if that cleared off all the UK debt or some small businesses still suffered and lost out Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted April 13, 2019 Share Posted April 13, 2019 From the 2014 accounts. As part of the acquisition process, Bidco has entered into a repayment and funding agreement with the Foundation whereby the Foundation has provided an initial cash injection of £1.0 million representing the aggregate amount of fan contributions collected by the Foundation as at 8 May 2014. £960,000 of this was provided on completion of the Acquisition and a further payment of £40,000 was provided on 21 May 2014. This funding has been applied to satisfy the transaction costs incurred by the professional advisers acting in relation to the acquisition with the balance being used to assist in the payment of the outstanding football debt. I will have a note of the breakdown of the £535k somewhere, but I've got a game to watch so it won't be now. Andy Driver was the biggest football creditor (c.£115k). I'm sure I recall some suggestion that he had waived some or all of the payment he was due from the club. Quote Link to comment Share on other sites More sharing options...
kimosavi Posted April 13, 2019 Author Share Posted April 13, 2019 29 minutes ago, Footballfirst said: From the 2014 accounts. I will have a note of the breakdown of the £535k somewhere, but I've got a game to watch so it won't be now. Andy Driver was the biggest football creditor (c.£115k). I'm sure I recall some suggestion that he had waived some or all of the payment he was due from the club. Much appreciated FF Quote Link to comment Share on other sites More sharing options...
Big Slim Stylee Posted April 13, 2019 Share Posted April 13, 2019 33 minutes ago, Footballfirst said: From the 2014 accounts. I will have a note of the breakdown of the £535k somewhere, but I've got a game to watch so it won't be now. Andy Driver was the biggest football creditor (c.£115k). I'm sure I recall some suggestion that he had waived some or all of the payment he was due from the club. I believe that is correct. Quote Link to comment Share on other sites More sharing options...
hearts151 Posted April 13, 2019 Share Posted April 13, 2019 I hope this argument isn't taking place on the labour ward with ur missus. Otherwise it's gonna be a long stint for you. Quote Link to comment Share on other sites More sharing options...
Kiwidoug Posted April 13, 2019 Share Posted April 13, 2019 Poapy thieves. ????????? Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted April 13, 2019 Share Posted April 13, 2019 Football Creditors included: Mr Andrew Driver 114,603.69 Mr John William Sutton 20,492.34 Mr Andrew Webster 16,242.32 Mr Darren Barr 14,620.13 Mr Anrydas Novikovas 13,168.02 Mr Jamie Hamill 11,199.83 Mr Ryan Stevenson 11,099.83 Mr Marius Zaliukas 11,067.12 Mr Jamie Macdonald 11,067.00 Mr Mehdi Taouil 8,129.04 Mr Daniel Grainger 7,987.39 Mr Gary Locke 5,591.67 Mr Dylan McGowan 5,407.89 Mr Scott Robinson 5,200.00 Mr Jason Holt 4,862.36 Mr Mark Ridgers 4,598.43 Mr Callum Paterson 4,091.99 ....... and others (clubs, agents etc.) Liverpool Football Club 46,625.49 Key Sports Management Ltd 23,049.16 Tony McGill 19,625.41 Kauno Futbolo 13,431.40 Premier Sports Management International Limited 13,048.00 Graeme Rankin Sports Mgmt Ltd 12,000.00 Stenhousemuir Football Club 12,000.00 Alexander Szatmari 9,100.00 Stellar Football Ltd 5,750.00 Scottish Football Association 5,611.15 Viola FC Ltd 5,438.00 Eamonn Collins 5,000.00 Livingston Football Club 2,718.00 I think that the amounts due to players (Driver and Sutton excepted) related to unpaid wages from 1-18 June 2013. Driver's amount may have been an unpaid bonus or signing on fee, while Sutton was made redundant so would have been due a payment for that as well as wages. Quote Link to comment Share on other sites More sharing options...
FarmerTweedy Posted April 13, 2019 Share Posted April 13, 2019 7 hours ago, kimosavi said: Settle an argument for me here Ann settled all uk debt after administration not just the uk football debt and players wages that were due? she also paid off all small businesses and the guys from kickback paid the poppy fund Cheers and any links would be appreciated Mon the Hearts We're in the cup final! Strange thread to start in the build-up to a semi-final! Quote Link to comment Share on other sites More sharing options...
Kiwidoug Posted April 13, 2019 Share Posted April 13, 2019 Pretty sure that McGowan waived his. Quote Link to comment Share on other sites More sharing options...
kimosavi Posted April 14, 2019 Author Share Posted April 14, 2019 15 hours ago, FarmerTweedy said: We're in the cup final! Strange thread to start in the build-up to a semi-final! 16 hours ago, Footballfirst said: Football Creditors included: Mr Andrew Driver 114,603.69 Mr John William Sutton 20,492.34 Mr Andrew Webster 16,242.32 Mr Darren Barr 14,620.13 Mr Anrydas Novikovas 13,168.02 Mr Jamie Hamill 11,199.83 Mr Ryan Stevenson 11,099.83 Mr Marius Zaliukas 11,067.12 Mr Jamie Macdonald 11,067.00 Mr Mehdi Taouil 8,129.04 Mr Daniel Grainger 7,987.39 Mr Gary Locke 5,591.67 Mr Dylan McGowan 5,407.89 Mr Scott Robinson 5,200.00 Mr Jason Holt 4,862.36 Mr Mark Ridgers 4,598.43 Mr Callum Paterson 4,091.99 ....... and others (clubs, agents etc.) Liverpool Football Club 46,625.49 Key Sports Management Ltd 23,049.16 Tony McGill 19,625.41 Kauno Futbolo 13,431.40 Premier Sports Management International Limited 13,048.00 Graeme Rankin Sports Mgmt Ltd 12,000.00 Stenhousemuir Football Club 12,000.00 Alexander Szatmari 9,100.00 Stellar Football Ltd 5,750.00 Scottish Football Association 5,611.15 Viola FC Ltd 5,438.00 Eamonn Collins 5,000.00 Livingston Football Club 2,718.00 I think that the amounts due to players (Driver and Sutton excepted) related to unpaid wages from 1-18 June 2013. Driver's amount may have been an unpaid bonus or signing on fee, while Sutton was made redundant so would have been due a payment for that as well as wages. Thanks mate Quote Link to comment Share on other sites More sharing options...
kimosavi Posted April 14, 2019 Author Share Posted April 14, 2019 19 hours ago, hearts151 said: I hope this argument isn't taking place on the labour ward with ur missus. Otherwise it's gonna be a long stint for you. Ha no chance mate happy wife happy life and all that baby came last night mum and baby doing great away to pick them up to bring them home Quote Link to comment Share on other sites More sharing options...
davemclaren Posted April 14, 2019 Share Posted April 14, 2019 16 minutes ago, kimosavi said: Ha no chance mate happy wife happy life and all that baby came last night mum and baby doing great away to pick them up to bring them home Congratulations. Quote Link to comment Share on other sites More sharing options...
Fxxx the SPFL Posted April 14, 2019 Share Posted April 14, 2019 I thought i read somewhere that all creditors were paid by other sources ie JKB and that the only debt we didn't clear was the unpaid Tax bill but that was being paid back by instalments. I'm probably wrong i'm sure FF will correct me. Quote Link to comment Share on other sites More sharing options...
SMJ_1874 Posted April 14, 2019 Share Posted April 14, 2019 44 minutes ago, kimosavi said: Ha no chance mate happy wife happy life and all that baby came last night mum and baby doing great away to pick them up to bring them home Congratulations Kimosavi. Another wee Jambo brought in to this world. Hope mother and daughter are doing well! Quote Link to comment Share on other sites More sharing options...
davemclaren Posted April 14, 2019 Share Posted April 14, 2019 35 minutes ago, Ray has bus pass hooray said: I thought i read somewhere that all creditors were paid by other sources ie JKB and that the only debt we didn't clear was the unpaid Tax bill but that was being paid back by instalments. I'm probably wrong i'm sure FF will correct me. I think we donated equivalent amounts to the charities that were short but not any commercial organisations. That’s just the peaks and troughs of capitalism. ? Quote Link to comment Share on other sites More sharing options...
Jambos_1874 Posted April 14, 2019 Share Posted April 14, 2019 (edited) I take it some Hibees are trying to accuse us of ripping people off (such as the whole of the impoverished Lithuanian population) and you're correctly trying to set the record straight? Unfortunately facts and Hibees are not a good match. Edited April 14, 2019 by Jambos_1874 Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted April 14, 2019 Share Posted April 14, 2019 3 hours ago, Ray has bus pass hooray said: I thought i read somewhere that all creditors were paid by other sources ie JKB and that the only debt we didn't clear was the unpaid Tax bill but that was being paid back by instalments. I'm probably wrong i'm sure FF will correct me. The club had agreed an installment arrangement with HMRC in respect of tax due for offshore payments to Kaunas loanees which came to approx £1.5m. However the first payment was due in May 13, but was never paid. I think the club also had VAT arrears of approx. £650k (a proportion of that would have been in respect of 7,000 ST renewals, the cash from which disappeared down a black hole). To correct something I posted earlier, HMRC did vote against the CVA, but only held 12.61% of the amount due to unsecured creditors, so was unable to block the CVA. It was the shareholders who gave unanimous approval to the CVA. Quote Link to comment Share on other sites More sharing options...
Joey J J Jr Shabadoo Posted April 14, 2019 Share Posted April 14, 2019 Someone I know was on about Nitten Star were due money. I assume this was paid? Quote Link to comment Share on other sites More sharing options...
Squirt Posted April 14, 2019 Share Posted April 14, 2019 21 hours ago, Footballfirst said: Football Creditors included: Mr Andrew Driver 114,603.69 Mr John William Sutton 20,492.34 Mr Andrew Webster 16,242.32 Mr Darren Barr 14,620.13 Mr Anrydas Novikovas 13,168.02 Mr Jamie Hamill 11,199.83 Mr Ryan Stevenson 11,099.83 Mr Marius Zaliukas 11,067.12 Mr Jamie Macdonald 11,067.00 Mr Mehdi Taouil 8,129.04 Mr Daniel Grainger 7,987.39 Mr Gary Locke 5,591.67 Mr Dylan McGowan 5,407.89 Mr Scott Robinson 5,200.00 Mr Jason Holt 4,862.36 Mr Mark Ridgers 4,598.43 Mr Callum Paterson 4,091.99 ....... and others (clubs, agents etc.) Liverpool Football Club 46,625.49 Key Sports Management Ltd 23,049.16 Tony McGill 19,625.41 Kauno Futbolo 13,431.40 Premier Sports Management International Limited 13,048.00 Graeme Rankin Sports Mgmt Ltd 12,000.00 Stenhousemuir Football Club 12,000.00 Alexander Szatmari 9,100.00 Stellar Football Ltd 5,750.00 Scottish Football Association 5,611.15 Viola FC Ltd 5,438.00 Eamonn Collins 5,000.00 Livingston Football Club 2,718.00 I think that the amounts due to players (Driver and Sutton excepted) related to unpaid wages from 1-18 June 2013. Driver's amount may have been an unpaid bonus or signing on fee, while Sutton was made redundant so would have been due a payment for that as well as wages. Out of interest does anybody know how we ended up owing Driver such a large amount in comparison to everyone else? Quote Link to comment Share on other sites More sharing options...
SUTOL Posted April 14, 2019 Share Posted April 14, 2019 52 minutes ago, Squirt said: Out of interest does anybody know how we ended up owing Driver such a large amount in comparison to everyone else? At the end of the post you quoted. It may have been due to unpaid bonuses or signing on fees etc. Quote Link to comment Share on other sites More sharing options...
FarmerTweedy Posted April 14, 2019 Share Posted April 14, 2019 6 hours ago, kimosavi said: Ha no chance mate happy wife happy life and all that baby came last night mum and baby doing great away to pick them up to bring them home Congratulations! Lots of sleepless nights in store for you in the coming weeks. That's the buildup to a cup final for you though! Quote Link to comment Share on other sites More sharing options...
kimosavi Posted April 14, 2019 Author Share Posted April 14, 2019 8 hours ago, Saughton Jambo said: Congratulations Kimosavi. Another wee Jambo brought in to this world. Hope mother and daughter are doing well! Thank you mate ? mum and my 2nd son doing fantastic and home its been a great weekend for Kimo and you'd better believe he's a Jambo, the wife's famil6 are all jambod too, the wifes no keen on Uche for his name though, but I'll work on it Quote Link to comment Share on other sites More sharing options...
Kiwidoug Posted April 14, 2019 Share Posted April 14, 2019 15 minutes ago, kimosavi said: Thank you mate ? mum and my 2nd son doing fantastic and home its been a great weekend for Kimo and you'd better believe he's a Jambo, the wife's famil6 are all jambod too, the wifes no keen on Uche for his name though, but I'll work on it Rudi or Robbo if it's a boy. Quote Link to comment Share on other sites More sharing options...
Squirt Posted April 14, 2019 Share Posted April 14, 2019 4 hours ago, SUTOL said: At the end of the post you quoted. It may have been due to unpaid bonuses or signing on fees etc. ? oh aye. Ta Quote Link to comment Share on other sites More sharing options...
SMJ_1874 Posted April 14, 2019 Share Posted April 14, 2019 30 minutes ago, kimosavi said: Thank you mate ? mum and my 2nd son doing fantastic and home its been a great weekend for Kimo and you'd better believe he's a Jambo, the wife's famil6 are all jambod too, the wifes no keen on Uche for his name though, but I'll work on it Uchesavi has a good ring to it. Not sure it’ll be popular with his school mates once he starts though lol Quote Link to comment Share on other sites More sharing options...
OTT Posted April 14, 2019 Share Posted April 14, 2019 (edited) Thats a crazy amount of money we owed Andy Driver! And who the **** is Alexander Szatmari ?? Google search throws up some random Romanian guy. Edit, Baloghs agent. Scratch that. Edited April 14, 2019 by OTT Quote Link to comment Share on other sites More sharing options...
kimosavi Posted April 15, 2019 Author Share Posted April 15, 2019 16 hours ago, Kiwidoug said: Rudi or Robbo if it's a boy. She'd kill me but I'll try ? Quote Link to comment Share on other sites More sharing options...
kimosavi Posted April 15, 2019 Author Share Posted April 15, 2019 16 hours ago, Saughton Jambo said: Uchesavi has a good ring to it. Not sure it’ll be popular with his school mates once he starts though lol That made me smile mate ? Quote Link to comment Share on other sites More sharing options...
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