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Ashford Town 1-2 Rebels


Ian

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Yes ended 2-1 to slough.

 

We had our "2nd" team out today

 

Fanner

Sweeney seeby yads murphy

porter (sinclair) bateman logie herron

Sonner sippo (burnell)

 

Sonner did get both and both were headers, the first should have been a very simple save by the keeper but he tried to make his save look fancy and got it all wrong, the second was more convincing. (p.s i would like to claim an assist for the second for excellent ball boy skills to allow the corner to be taken "quickly")

 

not sure yet who we will face in the next round.

 

also Marlow lost 3-0 today (in the league) but im not sure who to.

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Other resultls in the league tonight Hitchin 3-0 Marlow,Rugby 0-2 Aylesbury,Biggleswade 1-0Bedfont, Arlesey 3-0AFC Hayes, Atherstone3-3 Uxbridge Bedworth 0-0 Leighton Northwood 3-1 Burnham Thing beginning to hot up There are now 7 teams between Slough on 33 points and Rugby on 30.

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Our potential quarter-final opponents:

 

Taunton

Hednesford

Chippenham

Windsor

Cambridge City/North Greenford

Cirencester/Sholing

Stourbridge/Daventry

 

My money's on Windsor or North Greenford if they get through!

 

 

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obviously getting Windsor would be really dream tie and im sure a decently attending game also. if we cannot get Windsor then a team we haven't played before or for quite some time at home which lets face it is near enough every other team left bar Chippenham and Cirencester anyway.

 

good win tonight. league is priority of course but its nice to still be in a cup

 

also how nice is it that players who have been on the bench or worse can come in and do a decent job when given a chance. hope that we don't get stuck too much with an 11 that starts every game regardless but with the strength of those not getting much chance i doubt that will happen

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Looking forward to being drawn in the cup at Windsor as we will only be paying £2 to get in rather than the usual £8 - this would be in line with Windsor only wanting to pay their creditors 25p in the £1 to clear their £234,000 debt and thus reduce it to £58,500.

 

As a tax payer I hope the Tax man holds out and claws back every penny of tax owed, otherwise it would mean all honest tax payers would be bailing out Simpson.

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Or we could pay the 8 quid and help out a local club in trouble no matter how big a rival they are

 

 

I'm with Staines on this. Windsor seem not to be very interested in paying their debts. Any money they take on the gate is more likely to be spent on their playing budget than be put to clearing their debts.

 

If the debts are to directors, etc for loans, then I would not be too bothered, but it seems they are not, and I believe they should have put paying their debts before their wage bill. They have not, and continue not to.

 

Sadly, if there is justice, the CVA will fail as Windsor FC are clearly more interested in remaining in their present league than they are in paying their debts.

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I agree that the running of the club has been shambolic to this point and that they should be looking to offload their assets which are worth money i.e. Michael Chennels

 

They have not and continue to pay wages which is stupid however the reason.

 

The people i feel sorry for is the supporters who stand by their club no matter what and have done nothing to deserve this and so in light of that im willing to pay £8, even if it goes into the playing budget, it will keep the fans going for a while to support a half decent team. I do not agree one bit with it but the fans dont deserve the [censored] and so ill pay

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The thing I find most amazing is not that the club is looking to avoid paying its debts - but how a Step 3/4 club has managed to rack up £234,000 of debt in the first place without alarm bells going off?

 

Also I don't think selling the likes of Michael Chennells would help that much - any club aware of Windsor's situation would look to wait until he's available for a knock-down price or even nothing.

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Guys , if or when they enter a CVA they will HAVE to pay off their debts to HMRC and other creditors within an agreed time span. I have

my own business and HMRC do not let you off, believe me.

 

Not so. A CVA allows a concern to pay off what it can afford, provided 75% of the creditors agree. The basis for this is something is better than nothing. In Windor's case the offer seems to be to pay 25% of its debts.

 

http://www.abacusfinance.co.uk/cva.htm

 

"A CVA is similar to an IVA, but for companies rather than individuals. It is a legal procedure that enables a company to make a binding agreement with its creditors describing how the company's debts and credit liabilities will be handled.A Company Voluntary Arrangement CVA is a procedure which enables a company to reach an agreement with its creditors about how debt is to be repaid. The CVA may provide for partial or full repayment depending on what the company can reasonably afford to pay.

 

Creditors do support CVAs if the alternative is liquidation with little or no return to creditors. The Proposal must, however, be reasonable and achievable.

 

A CVA can only be proposed by a company if it is insolvent or contingently insolvent. The CVA requires the approval of 75% of the voting creditors. If approved, the CVA binds all creditors irrespective of how they voted and allows the directors to retain control of their company.

 

A CVA aims to serve the best interests of the creditors while allowing the company to continue trading and to keep the work force in employment."

 

 

Typically, CVA's are usually to repay under 40% of the debt.

 

 

 

If Windsor had run its playing budget right down, and played youths, locals etc, it would have been able to pay its debtors around another 10% (assuming its wages are around £1000 a week, pure guesswork on my part). The team would most certainly have been relegated, but they would have maximised the amount they could pay to debtors. Instead they have chosen to reduce the amount they can pay, to ensure that they have enough points, even after a deduction for having a CVA, to avoid relegation.

 

Every sympathy for the fans, but it is a callous way to treat genuine debtors.

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The thing I find most amazing is not that the club is looking to avoid paying its debts - but how a Step 3/4 club has managed to rack up £234,000 of debt in the first place without alarm bells going off?

 

Also I don't think selling the likes of Michael Chennells would help that much - any club aware of Windsor's situation would look to wait until he's available for a knock-down price or even nothing.

 

I think that is very odd as well, and wonder whether much of it is debts resulting from directors loans etc. That would explain why no debtor has pulled the plug.

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Agreed Ted, but the crux of the matter is that HMRC have to agree to accept the reduced payment dictated by the terms of the CVA, which is

not always the case. They usually demand 100% payment, albeit over a longer term

 

 

Not so.

 

Take Portsmouth FC for example

 

"Portsmouth Football Club have been saved from liquidation after a High Court judge dismissed a challenge by HM Revenue and Customs (HMRC) against the club’s company voluntary arrangement (CVA).

 

The club’s creditors agreed a CVA on June 17 that would see the club repay 20p in the pound to non football creditors including HMRC, despite football creditors being able to claim 100 percent of debts owed to them. Following the CVA agreement, HMRC, which claimed it was owed £13m on top of its original £24m claim against the club, challenged the legality of the action.

 

However, Mr Justice Mann said: “I propose to find in favour of the company administrators and dismiss the application of HM Revenue and Customs.”

 

So HMRC got just 20%. Football creditors got 100%, just in case they might find any difficulty in paying thegrossly overpaid stars of the Premier division.

 

So there you are. You, me and all the other taxpayers are subsidising the likes of Wayne Rooney.

 

 

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Sorry but i get more upset about fat rich tossers like Philip Green who owns top shop etc wriggling out of paying millions in tax. Then being asked by the government to show how they can make savings. Like er, getting billionaires to pay their tax bills?

 

The difference is that Philip Green employs some clever people to maximise the legal loopholes that exist thus minimising his tax exposure.

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