Horrible rumour

[Central Scrutinizer]

There HAS to be something in the accounts that they don't want people to see, otherwise they wouldn't hide behind confidentiality agreements and keep fobbing off potential investors, who actually do have money. The major worry is if the club does go into Administration as a result, the points deduction will be larger than -10. I can see us matching Luton's -30 if that is the case, which will see us in the Blue Square at best, and out of existance if such a penalty puts off prospective new owners.

[1]

They will no doubt be looking for another Rob Lee to swing it at the last minute.

 

Thank you for everything that has happened between our attempts to remove these parasites Rob.

[cheeky]

There HAS to be something in the accounts that they don't want people to see, otherwise they wouldn't hide behind confidentiality agreements and keep fobbing off potential investors, who actually do have money. The major worry is if the club does go into Administration as a result, the points deduction will be larger than -10. I can see us matching Luton's -30 if that is the case, which will see us in the Blue Square at best, and out of existance if such a penalty puts off prospective new owners.

 

The extra points deductions are awarded only should the club benefit footballing wise, due to the financial irregularities. Its quite clear that on the pitch the club has not benefitted (off the pitch and with regards to the directors, well that's another question) and therefore I don't expect any more than a 10 point deduction.

[Tomo]

They don't care about there being no fans or even no club.

 

Their only objective to to hide someting or avoid something.

 

Think about it - there is no other reason to put up with all the hassle and abuse they are getting.

 

I think this is what it probably is.

 

I reckon they are utterly desperate, and don't care what actually happens to the club, as long as nobody sees the books, as it may mean imprisonment, etc.

[Boslem Boy]

They don't care about there being no fans or even no club.

 

Their only objective to to hide someting or avoid something.

 

Think about it - there is no other reason to put up with all the hassle and abuse they are getting.

 

I agree.

 

Lets hope that whatever it is they're hiding is found, charges are brought, court cases and prison to follow.

[Bluedevil]

SC solicitor confirmed that the principles of the rumour in the OP are certainly legal and well practiced, but doubted if the Gibraltar loan company would take such a risk.

[Paul6754]

I have had a good think about this one and at first I thought it would be a stupid move by the Gib Loan Sharks to change the loan into an investment in the club.

Then it becomes clearer. If the board have persuaded them that they are in great danger of not getting their loan back if the present board are removed because as has been stated by the SC that if it's is found the club is insolvent then the club will be placed in Admin.

So it would make some kind of horrible sense for them to invest their loan even if only in the short term to fend off the takeover bid.

Does that make some kind of sense?.

 

All that I know is this board will kill the club if this rotten lot prevail after the 13th March. I know some will still think attending Port Vale is a pilgrimage but the clearer sighted will turn their back and I will be one of them for certain.

I loved my dog but when he was incurably sick I had him put down. Port Vale are sadly in danger of becoming like my old dog!!:(

 

Interesting angle that leads to a myriad of other questions but for me it just doesn't seem likely, but I've been wrong before.

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Whatever they're doing, it won't be ethical and will no doubt lead to legal debate.