Notts County In Trouble??

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Notts County In Trouble??

#61 dtp

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Posted 05 June 2019 - 01:20 PM

spireitetoo, on 05 June 2019 - 12:50 PM, said:

Yea, seems their takeovers are as smooth as ours

If they enter Administration it could be cheaper for any buyer to buy them then rather than now.

After all, do I recall Chris saying their owner wanted £6 million for them and that was without a ground?

#62 azul

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Posted 05 June 2019 - 02:46 PM

spireitetoo, on 05 June 2019 - 12:50 PM, said:

Yea, seems their takeovers are as smooth as ours

Smooth as in non-existent?

Accentuate th Positive, eliminate the negative

#63 spireitetoo

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Posted 05 June 2019 - 05:13 PM

dtp, on 05 June 2019 - 01:20 PM, said:

Aren't there strict rules about administration in this league, as in, if you are in administration you aren't allowed in with out a proper plan in place???

all we are saying, is give us ...a goal, or 2+

#64 azul

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Posted 05 June 2019 - 05:25 PM

spireitetoo, on 05 June 2019 - 05:13 PM, said:

Aren't there strict rules about administration in this league, as in, if you are in administration you aren't allowed in with out a proper plan in place???

I thought it was down to timing e.g. a club in admin had to have a CVA is place before the NL AGM but what happens if they go into admin after the AGM, points deduction?

Accentuate th Positive, eliminate the negative

#65 moondog

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Posted 05 June 2019 - 07:51 PM

azul, on 05 June 2019 - 05:25 PM, said:

I thought it was down to timing e.g. a club in admin had to have a CVA is place before the NL AGM but what happens if they go into admin after the AGM, points deduction?

The National League AGM is this weekend at Celtic Manor, incidentally the fixtures are expected to be released on 3rd July

#66 HoneyTrippa

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Posted 05 June 2019 - 07:52 PM

Maybe we will see a "MFI" job at Meadow Lane. In a now legendary business buy out deal - MFI was sold for £1 but the incumbent owners had to pick up all the outstanding debts and staff wages etc

There aint no Soul left in these old shoes... since you've been gone

#67 Blue5

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Posted 05 June 2019 - 09:06 PM

moondog, on 05 June 2019 - 07:51 PM, said:

The National League AGM is this weekend at Celtic Manor, incidentally the fixtures are expected to be released on 3rd July

I know Celtic Manor is not exactly Portugal, but FFS will members be talking about a lack of funds at the bottom of the footballing pyramid?

#68 azul

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Posted 06 June 2019 - 04:22 PM

lo and behold, hearing adjourned until July to allow the ‘takeover’ to progress

Why are clubs allowed to cheat the employers and customers by collecting PAYE and VAT then not passing it on to the taxman?

Accentuate th Positive, eliminate the negative

#69 spireitetoo

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Posted 06 June 2019 - 04:37 PM

azul, on 06 June 2019 - 04:22 PM, said:

And what happens if there's no progress??

all we are saying, is give us ...a goal, or 2+

#70 azul

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Posted 06 June 2019 - 04:41 PM

spireitetoo, on 06 June 2019 - 04:37 PM, said:

And what happens if there's no progress??

They’ll probably get another adjournment, or they pay their bills or they’ll go into admin

Accentuate th Positive, eliminate the negative

#71 Looker-on

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Posted 07 June 2019 - 10:29 PM

The Daily Mirror have done a proper job on our old mate Alex May. It makes my spine tingle to think that our lot were dealing with him.
https://www.mirror.c...our-16478871?12

Historic Notts County’s crisis deepens today with the revelation that an advisor to the club’s potential saviours is a jailed fraudster using a new name.
The club, founder members of the Football League, is up for sale and has an unpaid £250,000 HMRC tax bill.
Owner Alan Hardy fought off a winding-up order in the High Court this week after saying he is in talks with two consortia following the club’s relegation into non-league.
The bidders include a consortium led by lawyer Colin Dodd, using advisor Alex May.
But Mirror Sport has learned May changed his name by deed poll. Previously known as Alick Kapikanya, he has a criminal past due to a multi-million scam.
He was jailed in 2014 for six years for leading a gang of con artists who targeted elderly homeowners in Manchester from 2007.
They stole their identities, secretly seized ownership of their houses then repeatedly remortgaged them.
During the trial, Kapikanya was described as a flamboyant fraudster who enjoyed a luxury lifestyle after stealing £3.5million and attempting to secure another £3.3m.
It left horrified homeowners fighting to reclaim legal ownership of their own houses while Kapikanya travelled in chauffeur-driven limousines and stayed in luxury West End hotels.
Kapikanya squirrelled £1m of the proceeds into accounts at Mayfair casinos, where he gambled away £170,000 in a single night.
Now known as May, the 50-year-old is listed at Companies House as a director of various companies with the same month and year of birth as Kapikanya.
Lawyer Dodd confirmed May’s past and that he is acting as a facilitator in a buy-out of embattled Hardy, whose Paragon Interiors firm went into administration this year.
Dodd told Mirror Sport: “Alex May, when we were first introduced, disclosed everyone about his conviction. He has changed his name. He came clean and told us and everyone involved in this transaction is aware of that.
“He deserves a second chance, everyone makes mistakes in life and that is what we are doing.
“That is on the record, everyone involved in this project knows his background. He has spent the last 10 years trying to restore his reputation. He has been helping us with his knowledgeable contacts.”
County’s potential new owners face a race against time to complete a takeover.
A winding-up application brought by HMRC over the unpaid tax bill was adjourned until July 10 at the High Court in London on Wednesday.

Yes, we all make mistakes in life - Alick Kapikanya made his with these frauds, and Alex May made his with the fraudulent LinkedIn profile.

This post has been edited by Looker-on: 07 June 2019 - 10:38 PM

It's nice to be able to Trust again.

#72 dim view

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Posted 08 June 2019 - 06:32 AM

Looker-on, on 07 June 2019 - 10:29 PM, said:

Groan
Do you happen to know which topic on BB has the details of our involvement with him, and was he doing time at the time?

Get it on, bang the gong , get it on

#73 Looker-on

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Posted 08 June 2019 - 07:21 AM

dim view, on 08 June 2019 - 06:32 AM, said:

Groan
Do you happen to know which topic on BB has the details of our involvement with him, and was he doing time at the time?

I think this one is favourite:
http://www.thecfss.c...l=brealey&st=40
It all kicks off around post #57.
I find him on the board of Scotia Exploration in April 2018, so he may have been released by then. If you're allowed to sit on the board of a business while you're banged up, it'd make life a lot easier for the sort of buyer that we tend to attract.

Hardy, here, wanted someone to give the impression of running the club while allowing him to continue lording it up as Chairman. I'm sure I remember AC claiming that Brealey's mob might "ask him to stop on," in the same manner.

This post has been edited by Looker-on: 08 June 2019 - 07:24 AM

It's nice to be able to Trust again.

#74 60s 70s Spireite

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Posted 08 June 2019 - 08:14 AM

Looker-on, on 07 June 2019 - 10:29 PM, said:

Yet again Bobs Board collective cynicism (at least from the majority of us) proves radar accurate. A thief of the worst degree and a gambler, yet we were prepared to be potentially associated with him. Good find, on both counts.
(For folk unaware search for ‘Alex May’ on the Brealey thread referred to above)

#75 Blue5

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Posted 08 June 2019 - 08:58 AM

60s 70s Spireite, on 08 June 2019 - 08:14 AM, said:

What I would like to know is how come members of Bob's Board can identify the crooks, the conmen and the discharged bankrupts yet those running the club enter into dialogue with them? Some see Bob's Board as a real pain in the a'se, for me it serves to highlight just who the enemy actually is...

#76 dtp

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Posted 08 June 2019 - 09:41 AM

Blue5, on 08 June 2019 - 08:58 AM, said:

And, was it not Shorts, the accountants, who carried out due diligence on the prospective purchasers?

Then again, there is always some Solicitor prepared to act for such crooks and claim that they are now outstanding citizens!!!

#77 The Earl of Chesterfield

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Posted 08 June 2019 - 09:47 AM

dtp, on 08 June 2019 - 09:41 AM, said:

Carson simply referred to the Club's 'solicitors' whilst Shorts are it's accountants, 'dtp'.

Spanish proverb: 'Pessimists are just well informed optimists'

#78 dtp

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Posted 08 June 2019 - 10:01 AM

MDCCCLXVI, on 08 June 2019 - 09:47 AM, said:

Carson simply referred to the Club's 'solicitors' whilst Shorts are it's accountants, 'dtp'.

Must be mistaken then, Chris, but nevertheless we still have Solicitors, professional people practising law, being prepared to act as cover for the likes of these people.

Then, what if everything gets to the stage when the football authorities have to approve the deal, do solicitors again give advice having left no stone turned?