Nothing, (as usual).What do we think the EFL will do about what's happened?
That said he's already resigned so it's irrelevant.
Nothing, (as usual).What do we think the EFL will do about what's happened?
Others have said it's not that simple.Nothing, (as usual).
That said he's already resigned so it's irrelevant.
Other people coming in will be dependent on how sustainable the club is. I think we all know it's not.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.
"Do you do Voodoo?"Voodoo ain't gonna save 'em.
Scouse accent?"Do you do Voodoo?"
"No, but I do Judo."
"You don't do Voodoo but you do Judo?"
The authorities are looking into this very closely and despite Fleetwood fans being in absolute denial about it, their future is in big danger. Pilley’s been propping up the club with cash every year, possibly dirty cash, ill gotten gains and just signing over to his chav of a son isn’t going to make it all ok. The vanity project is over.Think the EFL will be looking very closely at Fleetwood Town.
If Andy Pilley has put money which were the proceeds of crime into the club during relevant periods .
If BES who are FTFC 's main sponsor has been used as a vehicle for criminal activity etc .
This is a hugely complicated situation.
Its not all is well. It can't be can it ? I have no idea but its not as simple as AP resigning surely.
Vic and Bob from the big night out I think.Scouse accent?
Yes. Of course!Vic and Bob from the big night out I think.
It suddenly came to mind at the mention of voodoo.
Something wrong with me when some shit like that pops up in my memory but last week is a blurrrrrrrrr.Yes. Of course!
I think it's normal. Trigger words.Something wrong with me when some shit like that pops up in my memory but last week is a blurrrrrrrrr.
Possibly but the only real sanctions they could impose would have to be based what?Others have said it's not that simple.
Turkey teeth and fake tan....Poca is about firstly establishing the actual gain from the criminal offending, but then how much of the assets are realisable and can be clawed back
If you take the example of someone e convicted of drug dealing, the estimated profit is say £100k there is no point in making a poca order in that sum if he’s spent most of the money on Turkey teeth and fake tan.
The poca amount will be what is left and can be recovered
Personally IDK for sure, others are better placed can answer in more detail.Possibly but the only real sanctions they could impose would have to be based what?
I'm just trying the remember what happened when OO got sent down.
I just don't think with their history of apathy that they could or would do much......
How are they planning on ‘trading as normal’? I expect Trading Standards will have something to say about that and their license.
Yeah all this carry on as normal from them and the cods seems a bit fantasy land tbh.How are they planning on ‘trading as normal’? I expect Trading Standards will have something to say about that and their license.
How do you think this affects Fleetwood budget going forward?Trading Standards also tend to apply for their costs of the investigation and prosecution from my understanding.
This is likely to be millions also poss.
Looks like they are working on a victims compensation order as part of the poca not as seperate which also has significant implications in respect of further custody time in the event of non payment on the deadline
The enforcement of the debt is also not a case of the bailiff simply coming to the door .
There will be charges placed on chargeable assets now and they can can go back 6 years from the date of the offence.
Poca is a nightmare.
Thought he went to Warbreck?Never trust a lad that went to Cardinal Allen.
Thought he went to Warbrec
It's f****d! Whatever they were going to offer players, they won't be able to.How do you think this affects Fleetwood budget going forward?
Unless they sell players where's the money coming from ?How do you think this affects Fleetwood budget going forward?
Thays what I mean, won't they have to prove any money isn't from proceeds of crime, so any sort of transfer of power is out the window?Unless they sell players where's the money coming from ?
Spot on ladHorrible man and horrible club. Sooner they're back in the pits the better.
Depends what happens with BES possiblyThays what I mean, won't they have to prove any money isn't from proceeds of crime, so any sort of transfer of power is out the window?
How can pilley still get the license for BES. Surely he will have it taken from him and BES will fold as he is the owner/director so won’t be able to pump money inDepends what happens with BES possibly
If it’s allowed to carry on by the authorities keeps its licences etc makes good profit then I suppose there’s nothing stopping them pumping money in ?
He went to Monty ... FactamundoDeffo Cardy, mate.
Can't see BES making good profit now that its illegal practices have been exposed. Nobody in their right mind will touch them with a barge pole. I'd imagine a lot of unhappy current customers will be looking at how they can get out of contracts based on what has been revealed in court.Depends what happens with BES possibly
If it’s allowed to carry on by the authorities keeps its licences etc makes good profit then I suppose there’s nothing stopping them pumping money in ?
I would think the contracts would be deemed invalid after being procured under false pretences.Can't see BES making good profit now that its illegal practices have been exposed. Nobody in their right mind will touch them with a barge pole. I'd imagine a lot of unhappy current customers will be looking at how they can get out of contracts based on what has been revealed in court.
You don't think little things like the law will get in the way?Some shite on here, f he wants the cods to carry he I'll keep clicking his fingers and they will carry on.
Edited for accuracy.You don't think
Not many people have a barge pole thoughCan't see BES making good profit now that its illegal practices have been exposed. Nobody in their right mind will touch them with a barge pole. I'd imagine a lot of unhappy current customers will be looking at how they can get out of contracts based on what has been revealed in court.
Think he’s resigned from virtually everything BES relatedHow can pilley still get the license for BES. Surely he will have it taken from him and BES will fold as he is the owner/director so won’t be able to pump money in