if the loan is recalled, what happens to Holdsworth. Do we need a EWM or Holdsworth especially that we have money from Brainwaite and Henderson. Clear the deck and debts and officially put the club up for sale.

Our footballing set-up is now geared for a Director of Football and a Head Coach. That’s how the game has gone now.

With less EWM involvment then DH’s position is probably less secure - If Beech were to ultimately fail this Season (Obviously we don’t want that!) then questions would be entitled to be asked about the suitability of the DoF...

More like sustainability, can the club afford to keep the leech

John Nixon:

How does that tie in with Clibbens saying we were going to lose £1.7M? Bit sad when Nixon is more believeable than anyone.

There is no doubt about going into admin-it’s a question of when

No doubt EWM will go into a “pre packed” admin.

Also strange two people, in the same club, with conflicting stories.

It’s a con really by EWM and dubious business practices. Pre packed admin!

Reading between the lines, I don’t think Mr Nixon is happy at all with their actions.

Do you think Mr Day will be bothered in the slightest what Mr Nixon thinks?

Nah - just funny reading it.

How does that tie in with Clibbens saying we were going to lose £1.7M? Bit sad when Nixon is more believeable than anyone.

There`s no tie in or anything strange about the two comments, Nixon was talking about EWMs problems and what effect it would have on CUFC.
He thought we wouldn`t have a problem because we`re in a far better position financially than we were four years ago.

Clibbens on the other hand was referring to loss of possibly a full season of match ticket sales.
At a loss 50k a game plus loss of club shop and other sales he`s probably right.

Rumours about today, highly credible, is the part of EWM the club owe money too will be one of the parts that goes into admin and if it were to move it would be classed as a transfer of an asset - not allowed.

So if it stayed with EWM the administrator would seek to maximise the value of that asset first by calling on the guarentees and if they wernt forthcoming using the charges they hold to maximise the assets and i would imagine that would mean taking control of the club and putting it up for sale.

I've no idea what 'pre packed admin' is, but the Penrith branch of Edinburgh Woolen Mills is having a closing down sale, so any of you wanting to update their cardigan collection...

I've no idea what 'pre packed admin' is, but the Penrith branch of Edinburgh Woolen Mills is having a closing down sale, so any of you wanting to update their cardigan collection...

Update - or maintain it firmly in 1983.

Rumours about today, highly credible, is the part of EWM the club owe money too will be one of the parts that goes into admin and if it were to move it would be classed as a transfer of an asset - not allowed.

So if it stayed with EWM the administrator would seek to maximise the value of that asset first by calling on the guarentees and if they wernt forthcoming using the charges they hold to maximise the assets and i would imagine that would mean taking control of the club and putting it up for sale.

Richard, administrators don't work that quickly when it comes to collecting debts owed. Their primary duty is to protect the value of the assets of the business for creditors. This means the focus is on realising value from the trading businesses. The Club will be able to present a repayment plan from the player add-ons which will satisfy the administrators should they be appointed. Personal guarantees and the debenture mean that the EWM loan will be at the end of the administrators' to do list.

I agree car wash-the loans to the Club are a sideshow and collectible down the line-the admin guys will be focussed on the pre pack and agreeing deals with the landlords who aren’t hung out

I've no idea what 'pre packed admin' is, but the Penrith branch of Edinburgh Woolen Mills is having a closing down sale, so any of you wanting to update their cardigan collection...

Update - or maintain it firmly in 1983.

New threads for you Richard?

I agree also car wash, it’s just something I was told today. Agree it might not be instant and don’t forget in the terms of the loan it’s a year to pay off, but can happen. Depends on the administrator I suppose.

When I was a kid we went on holiday to St Andrews and the Edinburgh Woolly Mill shop had a cafe on the first floor that overlooked the last tee on the old course AND gave out free pop to kids

It's this kind of largesse that has led to it collapsing on its arse

Though if they owned the freehold on that site they could probably sell it and clear whatever financial difficulties they've got

Arse, just checked on google maps and it's now a golf shop

Any particular type of Pop?

Rola cola

How does that tie in with Clibbens saying we were going to lose £1.7M? Bit sad when Nixon is more believeable than anyone.

There`s no tie in or anything strange about the two comments, Nixon was talking about EWMs problems and what effect it would have on CUFC.
He thought we wouldn`t have a problem because we`re in a far better position financially than we were four years ago.

Clibbens on the other hand was referring to loss of possibly a full season of match ticket sales.
At a loss 50k a game plus loss of club shop and other sales he`s probably right.

What a load of bollocks. No crowds yes, but only 20% of wages to pay, and millons coming in from player sale add ons.

https://www.retailgazette.co.uk/blog/2020/10/edinburgh-woollen-mill-group-to-shutter-over-50-stores-as-landlords-reject-proposals/

Well the naughty pre pack is in-creditors, landlords, suppliers, staff, HMRC.All rogered.

The last few weeks have simply been a dance to make the process look commercial.

We don’t seem to have much luck with self proclaimed billionaires

That firm Ratcliffes negotiating the EWM shop leases looks like a right peculiar firm of chartered surveyors. The website talks about the dogs they've had in the office.
http://www.ratcliffes.com

Well the naughty pre pack is in-creditors, landlords, suppliers, staff, HMRC.All rogered.

The last few weeks have simply been a dance to make the process look commercial.

We don’t seem to have much luck with self proclaimed billionaires

I thought you said EWM having 76% control of the club would be good?

Looks like EWM is heading for liquidation

Peacocks tycoon Philip Day plots to buy back budget chain

https://www.thetimes.co.uk/article/peacocks-tycoon-philip-day-plots-to-buy-back-budget-chain-k69mqpqpf

Ashley having another go a Debenhams as well

I’m a fan of Ashley-and he does reward his staff despite the headlines

Jon Colman says the strategic advisors working with EWM have no update on any potential link to CUFC and the debt at present...

The dance is almost over

Edinburgh Woollen Mill poised to request extension as it seeks rescue deal

https://www.thetimes.co.uk/article/edinburgh-woollen-mill-poised-to-request-extension-as-it-seeks-rescue-deal-37dkrvcgg