News from tonights meeting

[Paul H]

Any news from tonights meeting? Couldn't make it due to work commitments.

[Jake]

Ryan Peters HAS left for Braintree but we are waiting for Braintree to cough up some money due to Ryan being under 24 years of age.

 

Debt is now in the region of 55k

 

Terry is in talks with a Midfielder, Striker, winger and just missed out on two very good goalkeepers.

 

Terry is in talks with Nottingham Forest and Charlton Athletic regarding Friendly matches.

 

I believe Piper mentioned we have till the end of the month to pay of debts.

 

There's some more but I'm sure others could put it better.

[dannyriding]

Well Im sure someone from the meeting will elaborate on what Im about to write but heres a summary. KP opened the meeting stating that HRMC were demanding FULL payment of outstanding funds by the end of the month (

[the go between]

Did anybody say where 55k might come from ? in 20 days

[dannyriding]

Some one said "U" were paying it

[Jake]

Originally Posted By: the go between

Did anybody say where 55k might come from ? in 20 days

Roman Abramovich

[ooh!!bodyform]

have to say thats slightly worrying 55 grand is an awful lot of dough to find in 20 days is this achievable? and by whom? and what would the outcome be if the club was unable to find the outstanding monies????????

[dannyriding]

good question John, and the answer is I dont know but with so many football clubs OWING monies to HRMC and other debtors how can they fold a business that is attempting/paying the said debt. Only time will tell fella but Im sure the club are doing everything in their power to come to a settlement.

[the go between]

was the general manner of the meeting upbeat or downcast ? , sometimes more can be learnt from demeanor rather than numbers and statistics

[dannyriding]

Hard to tell really, not enough questions were asked to ascertain whether it was upbeat or otherwise. However I will say that KP seems to have aged 20 years in the last two, not me saying that I admire or agree with his running of the club, but I have to say "I" would have got out long before I started using my OWN money for the clubs sake. Not maybe the answer u wanted but I say it as I see it.

[the go between]

Many Thanks for the feedback DR . Lets just hope someone can "pull the rabbit out of the hat".

[StuyRandall]

How does us folding help the HMRC? If the Club folds, who pays off the debt? Surely HDP isn't worth 55k to them...

[blueblood]

Regarding the debt, KP did say that he had spoken to someone who was at the shareholders meeting and they were offering to help. Also the second most important thing he said was that he has been tasked to bring in the development of the north stand to include proper changing rooms, sports bar facilities etc.

Also he said that a deal has been struck as whereby the club receives 1/2 the profits from the bar and the 5-asides which, had previously, I believe gone fully to the developer.

[margateshot]

We have 20 days to find the money. We go to HRMC who will request a hearing. The club will appeal which which will give us another couple of months. We then have the FA cup which will see us get to the third round and recieve an away tie at Chelsea. Plenty of gate reciepts and TV rights will ensure that we can make a couple of crucial signings and win the Ryman Premier by Christmas. Job done!!!

[michael]

Significant info from BBlood there.thanks for posting

 

As amount owed to HMRC has been reduced from circa

[Jab_n17]

Good on TY in telling the few there be no more money for signing on etc and right to say we were relegated rewards for that 'I don't think so' not top bankers that fail and still get a bonus. They must know the situation about the HMRC etc and to ask for more..... if we have a real good season and the HMRC sorted then yes maybe rewards for success not failure. Can I add that the days of going from one club to another in search of the 'extra dollar' are well gone unless your outstanding!

[seasidesteve]

im sure an agreement will be made or hrmc will get nothin.as for last seasons players wanting more money ---tell em to clear off terry most of em are only park players and very easy to replace at even less cost.

[michael]

I think it is important if we can to retain last seasons` players to bring continuity and not have to start rebuilding the squad all over again

[Jab_n17]

yes true continuity is the key telling them to clear off a bit extreme but surely the players must know of the club situation and not being to disrespectable to any player at Margate no player has got the 'wow' factor that can demand a pay increse at this point of time. I take it they all no about the club probs? if not they should....

[Coffin Ender]

I had a feeling something like this would be said. Reminds me of last autumn when we were told the club had one month to raise