Sol Campbell backs winding up order against Macclesfield

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Therokerroar said:
I think what he has done is disgraceful...yes he deserves the money to be repaid back to him( 180 thousand ) but he is basically putting another nail in the coffin of the club..if I was a multi millionaire like him...I would declare I want the admin staff/ people behind the scenes paying first...
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He’s a Tory. This is no surprise. Heartless c.unt
 
parsonjohn1985 said:
The admin staff and other employees will be paid before creditors, but they need the big creditors to vote for a winding up order to start the process. Am i missing something here?
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Yes. Any individual creditor owed more than a certain amount can ask for a winding up order in the High Court. All support does is as another name to the motion and increase its weight.
 
Grumpy Old Man said:
Yes. Any individual creditor owed more than a certain amount can ask for a winding up order in the High Court. All support does is as another name to the motion and increase its weight.
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Him supporting the motion doesn't mean he's more likely to get paid though does it? Once a winding up motion is ongoing that's it?
 
parsonjohn1985 said:
Him supporting the motion doesn't mean he's more likely to get paid though does it? Once a winding up motion is ongoing that's it?
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Very true. Macclesfield file as little information as is allowed by law (they're classed as a very small company), but their balance sheet is pretty disastrous. They also have outstanding charges from lenders that make SBC look like a high street bank, despite the owner putting some cash in by way of shares. My assessment is that they're a basket case whose winding up would be a formality but for them being a football club. Campbell and HMRC have no chance of getting much at all, I'd have thought.
 
There is a buyer waiting in the wings, I'm sure Campbell doesn't want to see the club fold, he's just cranking the pressure up on the owner
 
DJ Doubt said:
It suprising how charitable people are when they have imaginary money.
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"Let me explain our revolution to you, comrade. First we find a man with two houses, we take away one of his houses and give it to someone with no house."
"Yes! Yes!"
"Then we find a man with two cars, we take away one of his cars and give it to someone with no car."
"Yes! Yes!"
"Then we find a man with two chickens, we take away one of his chickens and give it to someone with no chickens."
"No! No!"
"Comrade, I thought you understood our revolution?"
"I do, I do. But . . . I actually own two chickens!"
 

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