Posted 22 March 2016 - 10:12 AM
Sorry if this report from 12th January last year has already been posted, and I know its been mentioned before but the last sentence is basically Darren Brown all over again. (its translated from Italian using Google so apologise for the grammatical errors).
Soccer Monza in Bingham sales and yellow, but the company is his?
Nearly three million euro in debt, to pay salaries by mid-February, a bankruptcy petition, a bare-bones pink. And a president-owner who is trying to sell the AC Monza Brianza, without yet being the sole director.
The current situation of football in Monza is this: nearly three million Euros of debt, of which more than one million euro of just salaries to be paid by 15 February; i went and lost federal funding for a part, of course, already spending, even to be returned; a bankruptcy petition by employees filed Monday morning and at least five other coming from suppliers; a reduced minimum wage rose with most of the remaining players ready to break free by January 16 or at the latest by 23; four penalty points on arrival and a championship to be concluded in the central part of the league to avoid the abyss of the amateurs.
Certainly not attractive to a new buyer, and yet interested in the company, it seems, there are several. But everything passes by Dennis Bingham who is trying to sell the Monza as quickly as possible. According to a reconstruction of events that is becoming more important, the Irish may have received the company's former president Anthony Armstrong Emery as to cover a pledge of a debt contracted before the Ecohouse crack and then would try to sell it to recover their investment .
For this there would be no recapitalisations nor injections of fresh funds into cash.
But in the last few hours it has arisen a yellow: the register of companies, the appointment of Bingham as sole administrator is still pending. At last check, the result still Maurizio Prada as CEO and Lucky Seven Armstrong as sole shareholder. And one wonders how Bingham would sell a company that in fact may still not be his.
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