financialtimes wrote:
Well Well Well, how can HMRC put a winding up order on a club that doesn't owe them anything
A couple of prominent posters clearly stated that there were no outstanding monies to HMRC and that a payment plan was being honoured, me thinks the board are not the only ones that have been lying to the Bulls Fans
Nail. On. Head.
For fear of repetition, but it's clearly necessary because it was treated with some element of disdain in my initial posting, the club still owe HMRC
SIGNIFICANT amounts of money, primarily due to none payment of VAT over a period of 2 years. The directors in situ previously were aware of this (and indeed the current CEO) and that concerns me. Concerns me because at no point have they been honest about it; and that's simply not right having thoroughly misled the fans, along with a couple of prominent posters on here. And that's a genuine shame.
Similarly, I would make zero assumptions on the premise that administration may be entered into. Caisley, Coulby etc may have ironically decided the club is non-salvageable given the high levels of debt (which they may not have been privy to their full extent). In more simple terms, even should they wish to take a huge gamble and attempt to obtain greater number of shares, it doesn't require Carol Vorderman to determine that 100% of nothing, is erm, nothing. Given that, should any party come forward attempting to obtain singular major shareholding, good luck to them, because I'm damn sure few of us would actually take such a huge risk for a club that has malfunctioned and ignored it for years.
Administration is rarely ideal, however a business and shareholders are there to protect their own interests the same as any of us protect our work and family interests. The "well the little businessman is the one who suffers" is a typically overly emotional fable that is trotted out when in reality, and certainly in this instance it is HMRC. And let's be honest, the're hardly struggling for liquidity. Had it been addressed in the first instance, we wouldn't be in this unfortunate position.
I expect little comment from a review team who are trying to salvage a fairly dire situation. Why would anybody reveal their hand in a game of cards; and let's be honest, that's precisely what any debt mitigation is all about.
