Here it is in black and white-and red !!

Discussion in 'Bulletin Board ARCHIVE' started by paul.d, May 1, 2007.

  1. pau

    paul.d Well-Known Member

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    #1 paul.d, May 1, 2007
    <span style="font-size: 8pt; color: #231f20; font-family: FoundrySans-Medium; mso-bidi-font-family: FoundrySans-Medium"><font face="Calibri">14. SPORTING SANCTIONS </font></span></p><span style="font-size: 8pt; color: #231f20; font-family: FoundrySans-Medium; mso-bidi-font-family: FoundrySans-Medium" /><span style="font-size: 8pt; color: #231f20; font-family: FoundrySans-Medium; mso-bidi-font-family: FoundrySans-Medium" /><span style="font-size: 8pt; color: #231f20; font-family: FoundrySans-Light; mso-bidi-font-family: FoundrySans-Light"><font face="Calibri">14.1 If an Insolvency Event shall occur in relation to any Club that Club shall be deducted 10 </font></span><span style="font-size: 8pt; color: #231f20; font-family: FoundrySans-Light; mso-bidi-font-family: FoundrySans-Light"><font face="Calibri">

    <font face="Calibri"><span style="font-size: 8pt; color: #231f20; font-family: FoundrySans-Light; mso-bidi-font-family: FoundrySans-Light">points. </span><span style="font-size: 10pt; color: red; font-family: FoundrySans-Light; mso-bidi-font-family: FoundrySans-Light; mso-bidi-font-size: 8.0pt">The deduction shall be made forthwith on the happening of the first Insolvency

    <span style="font-size: 10pt; color: red; font-family: FoundrySans-Light; mso-bidi-font-family: FoundrySans-Light; mso-bidi-font-size: 8.0pt"><font face="Calibri">event. </font></span></p></span></font></p></font></span><span style="font-size: 10pt; color: red; font-family: FoundrySans-Light; mso-bidi-font-family: FoundrySans-Light; mso-bidi-font-size: 8.0pt"><font face="Calibri">14.2 Where the Club takes or suffers an Insolvency Event:-

    <font face="Calibri"><span style="font-size: 10pt; color: red; font-family: FoundrySans-Light; mso-bidi-font-family: FoundrySans-Light; mso-bidi-font-size: 8.0pt">14.2.1 at any time during the Playing Season, the points deduction shall apply immediately;</span><span style="font-size: 10pt; color: red; font-family: FoundrySans-Medium; mso-bidi-font-family: FoundrySans-Medium"> </span></font></p></font></span><span style="font-size: 8pt; color: #231f20; font-family: FoundrySans-Light; mso-bidi-font-family: FoundrySans-Light"><font face="Calibri">14.2.2 outside the Playing Season, the points deduction shall apply in respect of the following </font></span><span style="font-size: 8pt; color: #231f20; font-family: FoundrySans-Light; mso-bidi-font-family: FoundrySans-Light"><font face="Calibri">Season with the effect that such Club starts that Season on minus 10 points. </font></span>
     
  2. Gue

    Guest Guest

    #2 Guest, May 1, 2007
    So they'll get away with it then

    However, aren't there a load of restrictions that come with admin? Like not being able to sign players etc.

    Might be bad news for them anyway.
     
  3. Hicksy

    Hicksy Administrator
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    #3 Hicksy, May 1, 2007
    RE: So they'll get away with it then

    <font size="2">

    </p>

    Not necessarily- going into admin isn't like nipping down the shops, it'll take some time. Surely they have to actually default on payments which results in a winding up order by one of their creditors?</p></font>
     
  4. Gue

    Guest Guest

    #4 Guest, May 1, 2007
    As far as I know it's voluntary

    I think you make an application for a CVA and that's it, you're in Admin.
     
  5. J B

    J B New Member

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    #5 J B, May 1, 2007
    Didn't think it worked that way

    you have to apply for it and it has to be accepted doesn't it.

    The crediters have to agree to the CVA i.e. I agree to take 10p in the £1, that kind of thing.

    Surely they can't do that in the next 5 days.

    Also I posted this yesterday http://www.clubsincrisis.com/Club_Detail.asp?Key=70
    and Roherham agreed the cva after 1st of march and before the end of season, so started new season with minus 10.
     
  6. BFC Dave

    BFC Dave Well-Known Member

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    #6 BFC Dave, May 1, 2007
    RE: Didn't think it worked that way

    takes about one hour to half a day, according to amn insolvency practicioner friend of mine.
     
  7. J B

    J B New Member

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    #7 J B, May 1, 2007
    RE: Didn't think it worked that way

    so whats all this 1st of march business? Why have it stated in the rules if it means nothing?
     
  8. BFC Dave

    BFC Dave Well-Known Member

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    #8 BFC Dave, May 1, 2007
    RE: Didn't think it worked that way

    don't know but the guy who told me has dealt with the same situation with another club.
     
  9. Shy Talk

    Shy Talk Well-Known Member

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    #9 Shy Talk, May 1, 2007
    they obviously put the red bits in yesterday!

    :D
     
  10. Gue

    Guest Guest

    #10 Guest, May 1, 2007
    have they actually gone in admin yet..... nt
     
  11. Spa

    Spartacus Well-Known Member

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    #11 Spartacus, May 1, 2007
    No and not likely to according to Master Bates

    on the l**ds web site.
     
  12. Gue

    Guest Guest

    #12 Guest, May 1, 2007
    so if they do not do till after next sunday then 10pts will be deducted next season ?? nt

    (dunno)
     
  13. Spa

    Spartacus Well-Known Member

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    #13 Spartacus, May 1, 2007
    correct nt nt
     
  14. RichK

    RichK Well-Known Member

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    #14 RichK, May 1, 2007
    The way Bates is talking he sounds like he is looking for investment rather than administration.
     
  15. SuperTyke

    SuperTyke Well-Known Member

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    #15 SuperTyke, May 1, 2007
    RE: Didn't think it worked that way

    Rotherham agreed a CVA after the season ended. Their meeting was due for the 5th May, day before season ended but when they realised tha tthat would relegate them they put the meeting back to 3 days after the season ended and signed the CVA within 5 minutes of the meeting starting. So they agreed it before the season ended but didnt sign till after and it was the signing date that was important.</p>

    75% of creditors have to agree to a CVA so if leeds applied for one rather than the traditionadministration then it could be refused.</p>
     
  16. Sta

    Stahlrost Well-Known Member

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    #16 Stahlrost, May 1, 2007
    When, exactly, is the end of the season?

    Is it after the last scheduled match (i.e. on Sunday) or is it after the play-offs have been completed?
     
  17. Boaty Tyke

    Boaty Tyke Well-Known Member

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    #17 Boaty Tyke, May 1, 2007
    RE: When, exactly, is the end of the season?

    its the day after Leeds go into Admin obviously.....derrrrrrrrrrrrr!
     
  18. Farnham_Red

    Farnham_Red Administrator
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    #18 Farnham_Red, May 1, 2007
    Has to be Sunday

    Playoffs all fixed after the last ball kicked
     
  19. Sta

    Stahlrost Well-Known Member

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    #19 Stahlrost, May 1, 2007
    Oops yes, sorry, forgot that

    Since they're a MASSIVE club they make their own rules
     
  20. EastStander

    EastStander Active Member

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    #20 EastStander, May 1, 2007
    Leeds season ended last Saturday didn't it?!

    I assume that if you are in the playoffs then the season ends when you get knocked out, otherwise it's after the last league game
     
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