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November 28 2021 11.31am

Your views on Simon Jordan?

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View chris123's Profile chris123 Online Flag hove actually 24 Nov 21 1.09pm Send a Private Message to chris123 Add chris123 as a friend

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.

 

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View Joseph Paxton's Profile Joseph Paxton Flag Lancing 25 Nov 21 11.02pm Send a Private Message to Joseph Paxton Add Joseph Paxton as a friend

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.

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