Will Watt must have emptied his piggy bankUntil 3rd July
Around £15 million
Think that’s all they can prove but suspect moreIs £15 million the total amount defrauded?
What he’s defrauded victims out of by Mis selling energy contractsWhat's the 15 million for ?
Money.What he’s defrauded victims out of
Mis selling energy contracts says in gazetteWhat he’s defrauded victims out of
Who would he pay the money back to tho as theirs been lots of customers and small businesses involvedEven if he pays back every penny before sentencing, he will serve time.
He has committed a serious crime and pleaded not guilty.
His reputation will be in tatters.
Brilliant
CON ARMY
CON ARMY
Thinking about it, I’m sure that’s what they’ve been chanting for years. They must have knownBrilliant
Fleetwood Wanderers was the name used when they were reformed, for the fourth time, in 1997, when they played in the NWCFL First Division. Which, for comparison, is the league AFC Blackpool are in. But, they then became Fleetwood Freeport, before switching to Town in 2002, before Pilley took over in 2003.Fleetwood Wanderers ???
So have they changed the name back to fleetwood wanderers with pilleys kids both becoming directors on Monday 22ndFleetwood Wanderers was the name used when they were reformed, for the fourth time, in 1997, when they played in the NWCFL First Division. Which, for comparison, is the league AFC Blackpool are in. But, they then became Fleetwood Freeport, before switching to Town in 2002, before Pilley took over in 2003.
The company name has always been Fleetwood Wanderers.So have they changed the name back to fleetwood wanderers with pilleys kids both becoming directors on Monday 22nd
What in effect does it mean them becoming directors cos the owner is in jail
His son is a prize knobheadSteven Curwood, Jamie Pilley and Melissa Pilley added as directors alongside Andy Pilley at Poolfoot 3 days ago.
POOLFOOT SPORTS COMPLEX LIMITED people - Find and update company information - GOV.UK
POOLFOOT SPORTS COMPLEX LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activityfind-and-update.company-information.service.gov.uk
In what way ?Think he is in more deep shit as things continue.
Unfortunately, you can't do that on their Facebook page at the moment. It seems to have been taken down for some reason.popcorn at the ready! Sit back and watch this unravel
That's just ceremonial. Any UK adult can be a company director, but it doesn't imply any actual management involvement.His daughter a director at 19 years old ?
Something doesn’t sit right with all this to me
No. The company and the trading name can be completely different. Our club isn't called "Blackpool Football Club Holdings", but that's the name of the company.Does this mean from next season they'll be known as Fleetwood Wanderers
Would he need to prove that the money he uses to pay back the £15m wasn't part of the illegality or is the assumption, that they've found all the fraudulent money and that totals £15m and everything is else is 'clean.'If it is £15m I suspect he can find that and repay
I was assuming the POCA would be for far more
I can't see how they will be able to operate at their current level because the Pilley tap has been turned off now, surely.I don't think there's going to be that much clawed back from the companies. Which is why I think the actual near-term risk to Fleetwood Town is pretty low.
Pilley has been found guilty, but it's not like the entire group of businesses were a sham: they were actual businesses, they did make money, they did spend money and they did buy and sell energy, buy and sell services. Fleetwood sold tickets, and fans attended. None of that money is in the frame to be taken away immediately.
Of course, it's safe to assume that Pilley was extracting plenty of dividends from his businesses, but him being found guilty doesn't mean those businesses are suddenly insolvent. For sure, they may be in trouble, (especially the football club, which runs at a loss and relies on cash injections from the owner), but that doesn't mean they're going to fold overnight. That's where the "limited" part of a limited company comes into play; the companies are their own entities, and they can operate, be bought, and sold, regardless of the status of the individual directors; you can just move the shares around.
There's plenty of finance houses which are basically amoral; they don't care about Pilley, or the customers he defrauded, they only care about the P&L and the balance sheets, and it may well be that they are willing to lend to keep the businesses going if they think they can earn on that lending. If there's a core of a survivable business (or group of businesses) in all this, it will be found and will continue. Money doesn't have morals.
Don't take this as me being some kind of Pilley apologist; I think what he's done is disgusting. But the wheels of justice turn very slowly and Fleetwood Town will likely continue, though struggle. We only need to look to the Oystains to see how easy it is to keep control of a club despite jail.
Voodoo ain't gonna save 'em.Yes I think running the club will be harder and sacrafices will be made.
Not sure how soon the tap will be turned off but it won't be long I reckon. Basically then it becomes a fire sale of playing assets and/or administration. They are certainly not an attractive proposition for any buyer so can't see a positive outcome for them.I can't see how they will be able to operate at their current level because the Pilley tap has been turned off now, surely.
Depends on the state of his assets presumably, and what the judge does to freeze them or whatever. Oyston had all key assets frozen. I ain't no legal beagle so i don't know the score.Not sure how soon the tap will be turned off but it won't be long I reckon. Basically then it becomes a fire sale of playing assets and/or administration. They are certainly not an attractive proposition for any buyer so can't see a positive outcome for them.
2-0 to the authorities so farDepends on the state of his assets presumably, and what the judge does to freeze them or whatever. Oyston had all key assets frozen. I ain't no legal beagle so i don't know the score.
He's already in custody, and sentencing is 3rd July, not 3rd June.Wonder how he's spending his final 48 hours of freedom!!
Wonder how he's spending his final 48 hours of freedom!!