That is just Singh ensuring that he has tightly secured his £2m+ in loans against any assets/future payments/goodwill etc Pools have/will receive.
He didn’t/couldn’t do this at Darlo back in 2012, this resulted in him being an non-preferential creditor and received something like 10p in the £1...
I'm quite happy for there to be no football until August, especially when the alternative was to continue but take on around £150k in debt (plus interest accruing over 10-15 years).
There will be some clubs in the National League regretting ever continuing come May.
The correct decision has been made.
It may seem like a short, sharp crisis situation now, but this is nothing compared to what would have been the longer-term implications of 40+ clubs taking on £xxx,xxx in loans to conclude the season.
https://www.thenonleaguefootballpaper.com/latest-news/31987/national-league-working-with-sport-england-and-the-dcms-to-avoid-clubs-breaking-league-rules-over-loans/
I have no words for this shambles.
Basically, it is standardised across leagues that footballing creditors take precedence...
To be fair, I too have claimed we wanted to fulfil our fixtures and wait for the decision to be made for us (N&V). We were all set to travel to Kidderminster on Saturday.
I think, with no progress made over the last 3 days, we’ve just thought ‘enough is enough’.
You are correct regarding the...
I can’t, for some reason, link the article but, it states that “a National League Chairman estimates that 15 of the 23 National League clubs want to carry on”.
Not really.
Situations & circumstances change all the time.
Right call by us. Read the statement and you’ll find out why.
I’m very much on the, ‘we shouldn’t be playing the FA Trophy tie fence’ either, before that is used.
I have.
He doesn’t say we will be definitely playing “because of the integrity of the FA Trophy”.
He says that we are awaiting the league resolution vote, and may consider playing the tie “as we have no income”.
Integrity is mentioned, but you could say integrity is the reason why we haven’t...
Our CEO says that we are "waiting & seeing" about the National League vote re. the FA Trophy tie.
I would also like you to kindly to point out where we have refused to play a league fixture, but played in the FA Trophy, as per your 'double-standards' comment?
What a silly post.
For a start, Darlington have not "picked & chosen" which games are worthy of them playing. We have not withdrawn from any league games. Full stop.
We have also not said we are 'trading insolvent' yet, but I know for a fact that we will be soon.
Your top two sentences are...