Your views on Simon Jordan?

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Your views on Simon Jordan?

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chris123 hove actually 23 Nov 21 5.20pm
Originally posted by est1905 Jeez, Does anyone actually read posts? I've repeatedly said this is Jordan's claim not mine. He could well be lying or wrong. I dont really care either way if he is bang on the money and Parish was behind the whole thing. I personally think its more likely Parish was watching Jordan slowly destroying himself and then moving in once he was out of the picture. The only thing that I dont buy (and never did) was the 'reluctant buyer' tag they labelled themselves. You'd have to be pretty naive to think they didn't want to buy the club. The administrator is both an agent of the company and an officer of the court. A company cannot go into administration unless it is insolvent, or likely to become insolvent. If the administrator says there was only one game in town = CPFC2010, I'd be inclined to believe it. There was no one else, we were one day away from being liquidated as the administrator had run out of money.

chris123

hove actually 23 Nov 21 5.20pm

Originally posted by est1905

Jeez, Does anyone actually read posts? I've repeatedly said this is Jordan's claim not mine. He could well be lying or wrong. I dont really care either way if he is bang on the money and Parish was behind the whole thing. I personally think its more likely Parish was watching Jordan slowly destroying himself and then moving in once he was out of the picture.
The only thing that I dont buy (and never did) was the 'reluctant buyer' tag they labelled themselves. You'd have to be pretty naive to think they didn't want to buy the club.

The administrator is both an agent of the company and an officer of the court. A company cannot go into administration unless it is insolvent, or likely to become insolvent. If the administrator says there was only one game in town = CPFC2010, I'd be inclined to believe it. There was no one else, we were one day away from being liquidated as the administrator had run out of money.

Badger11 Beckenham 23 Nov 21 5.30pm
Originally posted by est1905 Jeez, Does anyone actually read posts? I've repeatedly said this is Jordan's claim not mine. He could well be lying or wrong. I dont really care either way if he is bang on the money and Parish was behind the whole thing. I personally think its more likely Parish was watching Jordan slowly destroying himself and then moving in once he was out of the picture. The only thing that I dont buy (and never did) was the 'reluctant buyer' tag they labelled themselves. You'd have to be pretty naive to think they didn't want to buy the club. Quid pro quo my comments were not directed at you. We are both on the same page on this. Edited by Badger11 (23 Nov 2021 5.30pm) One more point

Badger11

Beckenham 23 Nov 21 5.30pm

Originally posted by est1905

Jeez, Does anyone actually read posts? I've repeatedly said this is Jordan's claim not mine. He could well be lying or wrong. I dont really care either way if he is bang on the money and Parish was behind the whole thing. I personally think its more likely Parish was watching Jordan slowly destroying himself and then moving in once he was out of the picture.
The only thing that I dont buy (and never did) was the 'reluctant buyer' tag they labelled themselves. You'd have to be pretty naive to think they didn't want to buy the club.

Quid pro quo my comments were not directed at you. We are both on the same page on this.

Edited by Badger11 (23 Nov 2021 5.30pm)

One more point

iheartcpfc SE25 24 Nov 21 1.47am
Big mouthed gobs***e who should be embarrassed every time he looks at Palace and sees Parish eclipse him in every way. Cost us PL loans with his bloating on and failed us in the Jan 2005 window. Left us a tired old club on the ropes and in dire need of a spark

iheartcpfc

SE25 24 Nov 21 1.47am

Big mouthed gobs***e who should be embarrassed every time he looks at Palace and sees Parish eclipse him in every way. Cost us PL loans with his bloating on and failed us in the Jan 2005 window. Left us a tired old club on the ropes and in dire need of a spark

palace99 New Mills 24 Nov 21 12.19pm
Originally posted by chris123 I thought it was the administrator who organised the creditors meeting. CPFC 2010 didn't get involved until the end, just before the administrator ran out of money and liquidated us. the creditors meeting was organised by the administrator when the CPFC2010 offer (1p in the £) was being made - my typo, but not quite sure what your point is. We were never liquidated BTW, if we were the club would not exist. Bury and Macclesfield Town, as examples, both ceased trading and had to reform as new clubs. My main point was that the £30m Jordan claims he lost may not have been that much - in the accounts he was listed as a creditor owed £7.8m.

palace99

New Mills 24 Nov 21 12.19pm

Originally posted by chris123

I thought it was the administrator who organised the creditors meeting. CPFC 2010 didn't get involved until the end, just before the administrator ran out of money and liquidated us.

the creditors meeting was organised by the administrator when the CPFC2010 offer (1p in the £) was being made - my typo, but not quite sure what your point is. We were never liquidated BTW, if we were the club would not exist. Bury and Macclesfield Town, as examples, both ceased trading and had to reform as new clubs.

My main point was that the £30m Jordan claims he lost may not have been that much - in the accounts he was listed as a creditor owed £7.8m.

chris123 hove actually 24 Nov 21 1.09pm
Originally posted by palace99 the creditors meeting was organised by the administrator when the CPFC2010 offer (1p in the £) was being made - my typo, but not quite sure what your point is. We were never liquidated BTW, if we were the club would not exist. Bury and Macclesfield Town, as examples, both ceased trading and had to reform as new clubs. My main point was that the £30m Jordan claims he lost may not have been that much - in the accounts he was listed as a creditor owed £7.8m. My point is we were one day away from liquidation and there were no other interested parties. There was a HMRC bill of over a million too. You can't exit admin without a Company Voluntary Agreement.

chris123

hove actually 24 Nov 21 1.09pm

Originally posted by palace99

My main point was that the £30m Jordan claims he lost may not have been that much - in the accounts he was listed as a creditor owed £7.8m.

My point is we were one day away from liquidation and there were no other interested parties. There was a HMRC bill of over a million too. You can't exit admin without a Company Voluntary Agreement.

Joseph Paxton Lancing 25 Nov 21 11.02pm
Haven't read Jordan's book so not sure if Agilo proposed a debt for equity swap or alternative when he got into problems but looking at the quoted level of debt: £4.3 million ? Ok, we were in Championship and it was over a decade ago but that seems like small beer in today's big money environment. He must have thought that level of debt was serviceable and Agilo pulled the plug too cheaply so, no wonder he thought people circling the club had conspired to swoop in and pick him off. I think he has a really interesting take on the business of football. He's paid to lay it on a bit thick at times but the core of how he calls out the bullshine, goldrush fever of modern game is laudable. Be where you are; otherwise you will miss your life.

Joseph Paxton

Lancing 25 Nov 21 11.02pm

Haven't read Jordan's book so not sure if Agilo proposed a debt for equity swap or alternative when he got into problems but looking at the quoted level of debt: £4.3 million ? Ok, we were in Championship and it was over a decade ago but that seems like small beer in today's big money environment.

He must have thought that level of debt was serviceable and Agilo pulled the plug too cheaply so, no wonder he thought people circling the club had conspired to swoop in and pick him off. I think he has a really interesting take on the business of football. He's paid to lay it on a bit thick at times but the core of how he calls out the bullshine, goldrush fever of modern game is laudable.

Be where you are; otherwise you will miss your life.

chris123 hove actually 30 Nov 21 8.53am
Originally posted by Joseph Paxton Haven't read Jordan's book so not sure if Agilo proposed a debt for equity swap or alternative when he got into problems but looking at the quoted level of debt: £4.3 million ? Ok, we were in Championship and it was over a decade ago but that seems like small beer in today's big money environment. He must have thought that level of debt was serviceable and Agilo pulled the plug too cheaply so, no wonder he thought people circling the club had conspired to swoop in and pick him off. I think he has a really interesting take on the business of football. He's paid to lay it on a bit thick at times but the core of how he calls out the bullshine, goldrush fever of modern game is laudable. Agilo will have been aware of a winding up order from the tax man and the possibility of administration plus the unpaid players wages.

chris123

hove actually 30 Nov 21 8.53am

Originally posted by Joseph Paxton

Agilo will have been aware of a winding up order from the tax man and the possibility of administration plus the unpaid players wages.

est1905 02 Dec 21 5.27pm
Originally posted by chris123 Agilo will have been aware of a winding up order from the tax man and the possibility of administration plus the unpaid players wages. And? We all know it still made no financial sense for them to place Palace in administration, guaranteeing instantly that the money they were owed is then only going to be 1 or 2% of that figure coming back. This is why it is speculated upon that they had an ulterior motive for doing this. Its reasonable to assume so.

est1905

02 Dec 21 5.27pm

Originally posted by chris123

Agilo will have been aware of a winding up order from the tax man and the possibility of administration plus the unpaid players wages.

And?
We all know it still made no financial sense for them to place Palace in administration, guaranteeing instantly that the money they were owed is then only going to be 1 or 2% of that figure coming back. This is why it is speculated upon that they had an ulterior motive for doing this.
Its reasonable to assume so.

chris123 hove actually 02 Dec 21 6.02pm
Originally posted by est1905 And? We all know it still made no financial sense for them to place Palace in administration, guaranteeing instantly that the money they were owed is then only going to be 1 or 2% of that figure coming back. This is why it is speculated upon that they had an ulterior motive for doing this. Its reasonable to assume so. Well I'm not sure we know what Agilo and CPFC2010 finally accepted re the debt owed prior to reaching agreement with the administrators.

chris123

hove actually 02 Dec 21 6.02pm

Originally posted by est1905

Well I'm not sure we know what Agilo and CPFC2010 finally accepted re the debt owed prior to reaching agreement with the administrators.

orpingtoneagle Orpington 02 Dec 21 7.01pm
Originally posted by chris123 Well I'm not sure we know what Agilo and CPFC2010 finally accepted re the debt owed prior to reaching agreement with the administrators. We also do not know what side agreements were in place and what security was offered for the late and. A creditor may well seek to put a company into Administration as if they do it, that appoint the administrators and thus ensure their interests are best represented. A lot of this are either tactics or simply an acknowledgment that the cash had run out.

orpingtoneagle

Orpington 02 Dec 21 7.01pm

Originally posted by chris123

Well I'm not sure we know what Agilo and CPFC2010 finally accepted re the debt owed prior to reaching agreement with the administrators.

We also do not know what side agreements were in place and what security was offered for the late and.

A creditor may well seek to put a company into Administration as if they do it, that appoint the administrators and thus ensure their interests are best represented.

A lot of this are either tactics or simply an acknowledgment that the cash had run out.

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