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| If we go into liquidation there is nothing to buy as there is no club.
It would mean starting a new club from scratch. We'd need to sort out a whole new squad, staff, arrangements for training, ground to play matches at, contracts with suppliers etc etc.
Not something that could be done in the space of a few weeks.
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| Liquidation is a total disaster.
The cynic in me says they're waiting until Guilfoyle has rid the club of as much salary/employee liability as he possibly can. Duffy, Duckett and Medley have all done long stints on salaries we can only guess at with the figure of 600k a year reportedly being saved by the redundancies. If you didn't want to go forward with these guys the cost of getting shut would be enormous. It's probably as significant as the HMRC liabilities.
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| Quote M@islebugs="M@islebugs"Liquidation is a total disaster.
The cynic in me says they're waiting until Guilfoyle has rid the club of as much salary/employee liability as he possibly can. Duffy, Duckett and Medley have all done long stints on salaries we can only guess at with the figure of 600k a year reportedly being saved by the redundancies. If you didn't want to go forward with these guys the cost of getting shut would be enormous. It's probably as significant as the HMRC liabilities.'"
what are the actual options........
enough money to clear all creditors plus a bit of working cash flow....how much is that
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| Quote M@islebugs="M@islebugs"Liquidation is a total disaster.
The cynic in me says they're waiting until Guilfoyle has rid the club of as much salary/employee liability as he possibly can. Duffy, Duckett and Medley have all done long stints on salaries we can only guess at with the figure of 600k a year reportedly being saved by the redundancies. If you didn't want to go forward with these guys the cost of getting shut would be enormous. It's probably as significant as the HMRC liabilities.'"
You can actually have a good stab at Duckett's salary from the 2010 accounts.
I understand that if you did, your calculation would not be much adrift.
And you might be very surprised at what you come up with. I was.
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Club Coach | 850 | No Team Selected |
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| Quote Adeybull="Adeybull"You can actually have a good stab at Duckett's salary from the 2010 accounts.
I understand that if you did, your calculation would not be much adrift.
And you might be very surprised at what you come up with. I was.'"
go on....
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| Quote isaac1="isaac1"go on....'"
Eddie Stobart tokens.
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| Quote vbfg="vbfg"Eddie Stobart tokens.'"
You mean, you have to scour the country for them, and when you find one, it has something completely different printed on it?
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| Ikram Butt tweeted he'd been talking to someone from a potential buyer making a bid for the Club, but no other info
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| hope you guys get it sorted, we need the bulls in sl
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| I hope you manage to find a way to survive.
Where does BG get his figures from: The salary cap is £1.65M (£137,500 per month) and he rekons the reduced wage bill, now he has made your coaching staff redundant, is £200 000 a month this is £2.4M. There are some serious questions to be answered.
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| Quote brantonrhino="brantonrhino"I hope you manage to find a way to survive.
Where does BG get his figures from: The salary cap is £1.65M (£137,500 per month) and he rekons the reduced wage bill, now he has made your coaching staff redundant, is £200 000 a month this is £2.4M. There are some serious questions to be answered.'"
Why? Do you think the bar staff,stewards( of which there are more at odsal due to size than most other clubs)admin, groundstaff and shop staff all work for free? 60k a month to cover that lot doesn't seem too ridiculous
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| I am guessing here but I would think stewards and bar staff are about 15K a month when the season is underway and zero for 3 months close season because they are casual employees.
I agree there will be full time admin and groundstaff. I was not suggesting you are breaking the salary cap, just wondering who else is getting paid and how much?
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