Difficult to keep up with everything currently and what or who to believe.

This would seem like any NDA is now not valid given his comments about the other party.

How complicated can due diligence be for a fifth tier football club? Yes you have to establish who the club owes money to but players/staff contracts must be straightforward, there an no issues regarding the ground and a few service contracts. Am I missed anything? Its a low value turnover business at the end of the day.

Liabilities to Rajs companies for debts like "management fees" etc that have no substance.?

Surely you get a waiver from the seller to say that all liabilities have been disclosed and if more come up you sue him. The due disclosure library cant be more than a filing cabinet.

That to me reads….. ‘I’ll be in charge, as per usual, next season. ‘
I can see no other interpretation..

Is there any way Raj is making any money out of this ? If not what is he trying to achieve, there must be some logical reason as to why this is happening.

He knows he's going to lose money one way or the other here.

If he walks, the new owner buys the club from administrator and gives nothing to him.

If he stays, fans won't part with the cash and he gets less money each week and knowing buyer are out there, he can't afford to let us go into Administration nor fold, because they is buyers out there.

He is a Narcissists big time.

Very sad and as usual the fans pick up the pieces, foundations for next season should be in place now. Wishing you well, hopefully a consortium of substance comes in rapidly and sorts this out.

The SAS would think twice about sorting this farce out

Now we should hear their version of events.
Will be very interesting indeed.

That's the thing we've had nothing from the interested parties. Even after the last failed bid there was nothing to refute Raj's version of events. Stranger and stranger indeed.
Personally I think he wants out but not without some return on his loans to the club.

Hes now made it unsellable whilst securing his playtoyHUFC.
Basically.

If only we had chanted Raj's name at Ashton Gate instead of Dave Challinor's?

Or the interested party isn't unprofessional enough to give Raj any cause to pull the plug and blame them for the deal collapse. I reckon he'll do that anyway.

Wrong, he still holds the trump card as he did at Darlo and can stop you coming out of administration with a CVA, and possibly withhold the football share too.
Also, depending on how he has things structured, he could well be due cuts from future transfer fees / sell on clauses etc, like he also did with us.

Good luck with future transfer fees from this lot !

A lot depends on how much Raj is preferred to write off to prove a point---not something under our control--however it falls out be it Raj, or Sage or whoever i hope we move fwd with no payments required to people based on future success which are somewhat of a millstone

Not sure where to post this comment

But surely the chairman of a club, walking around parading a trophy is a sign of a egotistical twat if anything

Which Raj did in the playoff win vs Torquay.


Did anyone see Levy marching around with the Europa cup last night?

Or any other chairman lauding it up on the pitch recently?

Yhe sooner he fucks off, or is chased out of town the better

I had no problem with him doing that as he played a big part in it......similarly he's played a huge part in the debacle since---something he cant seem to acknowledge

Sorry to say Loan Star, if Raj instructs an administration company to come in. Raj will not be liable for the debts to the creditors. The Administrator will be able to act in the best interests of the company, that's either try and recover it or sell it to get the money for the creditors.
Raj won't have any say of what goes on as it won't be his business anymore and if the Administrator could do one of these.

negotiate a Company Voluntary Arrangement (CVA) so your company can keep trading
sell your business as a ‘going concern’ to another company - meaning your business can carry on, eg by keeping its clients, workforce or orders
sell your assets as part of a creditors’ voluntary liquidation, pay your creditors from any money raised and close your company
close your company if there’s nothing to sell
For as long as the company is in administration your administrator will run your business.

The administrator has control over your business during administration, eg they can cancel or renegotiate any contracts you have or make employees redundant.

Raj will be the biggest creditor. There will be no CVA without his agreement.


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It depends how much Sing is 'owed'--The administrator will offer a deal to creditors, if the majority reject that then we go belly up--so if Singh represents the majority of the debt he has ultimate say---at least that is my understanding

I get the impression that he is in the bunker (1945 style).

Grateful for the play off final memories. But otherwise best we start again.

He thinks he holds something over us. But really it's the other way around. We done need him. We can start afresh.

That's correct.

Loyal fan sums up the situation we had at Darlo, chances are Singh will be the biggest creditor and as such can have control over the CVA

There is zero chance that Singh won’t be the largest creditor. He’s not daft and he’s done this before. I despise the fella but he knows what he’s doing and in the words of a fellow think skinned narcissist, Donald Trump, he has “all the cards”


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