Al k Posted October 9 Report Share Posted October 9 1 hour ago, Eastendtales said: Wouldn't shock me if he got some under the table envelopes stuffed with cash for some of these deals. You'd have to think so. How much money were they making on strips before they decide to pay puma for 4 years. Thats absolute negligence, surprised he didn't come out saying McArthur builed him into the deals. Quote Link to comment Share on other sites More sharing options...
Deutsch Par Posted October 9 Report Share Posted October 9 Inverness only have themselves to blame really. This is the man who forgot to order seats for Hearts' new stand and yet they still employed him. Quote Link to comment Share on other sites More sharing options...
Superally Posted October 15 Author Report Share Posted October 15 Not looking good for ICT this far in terms of their admin crowd funding exercise. STV are reporting they have raised £82K and are £118K short of their total due on Wednesday. Quote Link to comment Share on other sites More sharing options...
Eastendtales Posted October 15 Report Share Posted October 15 12 minutes ago, Superally said: Not looking good for ICT this far in terms of their admin crowd funding exercise. STV are reporting they have raised £82K and are £118K short of their total due on Wednesday. Caley fans saying that it would only delay the inevitable. Not looking good for them. Quote Link to comment Share on other sites More sharing options...
parsforlife Posted October 15 Report Share Posted October 15 2 hours ago, Superally said: Not looking good for ICT this far in terms of their admin crowd funding exercise. STV are reporting they have raised £82K and are £118K short of their total due on Wednesday. It was a stupid idea anyway, that £82k that will disappear when it could have gone towards getting them out of admin once it inevitably happens. Quote Link to comment Share on other sites More sharing options...
SanguinePar Posted October 15 Report Share Posted October 15 47 minutes ago, parsforlife said: It was a stupid idea anyway, that £82k that will disappear when it could have gone towards getting them out of admin once it inevitably happens. If they're smart they won't actually have handed the money over unless and until the full amount needed had been raised. Quote Link to comment Share on other sites More sharing options...
parsforlife Posted October 15 Report Share Posted October 15 6 minutes ago, SanguinePar said: If they're smart they won't actually have handed the money over unless and until the full amount needed had been raised. The money is being raised directly by the club instead of the supporters trust as an example, however reading the update from today it's likely the call to BDO to go ahead for admin and that the money raised will be used to cover expenses during the admin period, so it may serve a purpose in the way the save the pars phase did. Quote Link to comment Share on other sites More sharing options...
SanguinePar Posted October 16 Report Share Posted October 16 11 hours ago, parsforlife said: The money is being raised directly by the club instead of the supporters trust as an example, however reading the update from today it's likely the call to BDO to go ahead for admin and that the money raised will be used to cover expenses during the admin period, so it may serve a purpose in the way the save the pars phase did. Ah ok, got you, thanks. Quote Link to comment Share on other sites More sharing options...
Eastendtales Posted October 16 Report Share Posted October 16 They'll need a lot more than 80k just for the administrators. Quote Link to comment Share on other sites More sharing options...
parsforlife Posted October 16 Report Share Posted October 16 2 hours ago, Eastendtales said: They'll need a lot more than 80k just for the administrators. I think savage has said he'll cover their fees Quote Link to comment Share on other sites More sharing options...
Eastendtales Posted October 16 Report Share Posted October 16 28 minutes ago, parsforlife said: I think savage has said he'll cover their fees Really? If he can afford that he should be able to afford avoiding this altogether! Quote Link to comment Share on other sites More sharing options...
Deutsch Par Posted October 16 Report Share Posted October 16 He's the reason that they have managed to go this long without going into admin. I think I read that he has already pumped in £350,000 of his own money. Quote Link to comment Share on other sites More sharing options...
parsforlife Posted October 16 Report Share Posted October 16 1 hour ago, Eastendtales said: Really? If he can afford that he should be able to afford avoiding this altogether! He probably could, but he's already donated a 6 figure sum over a few months to keep them afloat. He could significantly reduce his net worth and keep things going, but there's a lot of **** that needs cleared in the background from the previous directors. He either pays off previous directors who have caused the ****show and are still trying to control assets. Or he saves them out of admin for maybe 10% of that. If your were him, who would you think should be the ones losing out? He needs administration to clear the decks and deal with the problems in the background as well as the direct losses. 1 1 Quote Link to comment Share on other sites More sharing options...
Eastendtales Posted October 16 Report Share Posted October 16 Fair points, im certainly no expert on their state of affairs. Admin is always risky though. Giving up control, even temporary, can cause a lot of heartache for players and employees. Quote Link to comment Share on other sites More sharing options...
parsforlife Posted Wednesday at 20:48 Report Share Posted Wednesday at 20:48 3 hours ago, Eastendtales said: Fair points, im certainly no expert on their state of affairs. Admin is always risky though. Giving up control, even temporary, can cause a lot of heartache for players and employees. It's certainly not a nice situation. FWIW savage doesn't have control, he's acting as a consultant currently. He's has said he'd try and employ anyone made redundant within his own company. Theres suggestions of other interested parties but normally at this stage it can be vultures jumping in Quote Link to comment Share on other sites More sharing options...
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