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knightandday 
World Cup Winner 
Doncaster Knights Joined: 21 May 2007 Location: Lincoln Status: Offline Points: 1769 |
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 Posted: 30 May 2023 at 15:13 |
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Or bounce
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Winning isn't everything, it just makes the beer taste better
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Raider999
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Joined: 18 Jan 2013 Location: Crawley Status: Offline Points: 4483 |
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Posted: 30 May 2023 at 15:15 |
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It's probably in the post 
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RAID ON
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islander
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Joined: 17 Mar 2010 Location: jersey Status: Offline Points: 7609 |
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Posted: 31 May 2023 at 08:57 |
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Optimism levels re: Irish dropped again last night according to Times correspondent. Wonder what today will bring.
Alex Lowe @AlexMLowe London Irish last night backtracked on a commitment to pay salaries in full, which was an RFU condition for extending the takeover deadline. The RFU must decide today whether to still grant more time with only 50% pay guaranteed or suspend London Irish. |
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tigerburnie
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Joined: 10 Jun 2012 Location: Scotland Status: Offline Points: 3807 |
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Posted: 31 May 2023 at 10:35 |
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This really does have the smell of the buyers trying to finish off LI then try to buy any assets they might have, worrying all round.
I have a new motto for the RFU "We used to be indecisive, but we're not sure now"
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Raider999
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Joined: 18 Jan 2013 Location: Crawley Status: Offline Points: 4483 |
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Posted: 31 May 2023 at 14:45 |
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Surely Crossan needs to pay 100% of wages today or he won't have a club to sell |
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RAID ON
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tulip
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Joined: 12 Mar 2012 Location: W Yorks Status: Offline Points: 2228 |
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Posted: 31 May 2023 at 17:15 |
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I thought he was giving it away for zilch. Nothing to sell.
He obviously doesn’t want to pay out another 1/2 million because he doesn’t trust the buyers
Edited by tulip - 31 May 2023 at 17:16 |
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billesleyexile
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Joined: 20 Jun 2013 Location: England Status: Offline Points: 1855 |
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Posted: 31 May 2023 at 17:42 |
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apparently the 50% has been paid. so it's now down to whether the RFU blinks I suppose.
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keep the faith
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Camquin
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Joined: 01 Jun 2007 Location: Cambridge Status: Offline Points: 11453 |
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Posted: 31 May 2023 at 17:54 |
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I believe he may have been willing to sell for £1, but only if the buyer took on all the responsibilities, so the debt to HMRC and those owed to the former director. Now, I suspect there has been a lot o discussion as to how much of the latter they do take on. |
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Sweeney Delenda Est
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The Blues
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Joined: 05 Aug 2007 Status: Offline Points: 4935 |
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Posted: 02 Jun 2023 at 23:25 |
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Camquin
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Joined: 01 Jun 2007 Location: Cambridge Status: Offline Points: 11453 |
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Posted: 03 Jun 2023 at 08:22 |
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Petition not order. They have petitioned the courts to start the proceedings. The order comes at the end. |
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Sweeney Delenda Est
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Brizzer
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Joined: 09 Mar 2012 Location: Jersey Status: Offline Points: 3398 |
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Posted: 03 Jun 2023 at 09:08 |
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So how long will that give them then Camquin? Before the order is served that is and their day in court? |
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Tackle Low!!!!!
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Camquin
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Joined: 01 Jun 2007 Location: Cambridge Status: Offline Points: 11453 |
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Posted: 03 Jun 2023 at 09:55 |
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About three weeks. The bank might freeze their accounts on Monday. And I am not sure that you can sell a business if the court has accepted the petition. But at this point, I think they can pay the debt and stop the process. This is not financial advice |
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Sweeney Delenda Est
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castleparknight
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Joined: 07 Jun 2012 Location: Doncaster Status: Offline Points: 3026 |
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Posted: 03 Jun 2023 at 11:55 |
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Great caveat Camquin
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Onward and Upwards C'mon Donny!
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Camquin wrote: