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k`s in trouble!

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9 replies to this topic

#1
offline ronin

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kingstonian face being throw out of the league due to off the field problems. this would mean any points gained/lost against them would be wiped out. while this would gain us 2 points on aldershot i hope for their fans sake this will not happen

#2
offline CANV EFM

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not again..! they havn't long made up their games in hand after their delayed start.. cant be much fun being a K's fan at the moment, especially after all the recent trophy sucsess... still if any club can get out of a sticky financial situation its the k's, i hope they make it, the last thing this league needs is to lose one of its biggest clubs...

#3
offline pabird

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The failure to gain creditors agreement to a CVA does mean that probably around Feb.28.03 Stones will cease to exist as a company and Ryman rules will determine their removal from the league
If you have any understanding of a CVA then the failure to gain creditors agreement is almost certainly the end without the arrival on the scene of a very rich individual prepared to forego a very large cash settlement
In effect the creditors are saying they have lost patience and wish the company to be wound-up with the monies rescued going to the creditors in percentage terms in-line with monies owed
Most drastically it means no more credit and probably only cash dealings accepted by creditors or any other dealing business

#4
offline pabird

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Very strange this morning Canv the lack of interest across the sites in the struggles of this famous club
Probably due to the lack of understanding as to how serious the mire when creditors refuse to play the CVA game
"Ks" have next to no time to find a white knight prepared to go big on the charity thing

#5
offline CANV EFM

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i think with a few near misses recently , K's and st albans , that people just assume it will be 'sorted' somehow

#6
offline pabird

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Well if the "Ks" do not have a very serious fallback plan a failed attempt to gain peace with creditors via CVA normally determines good night nurse
Suppliers will no longer be kidded into cooperation and the bank will now play (very) hard ball
Not good signs and you have to trust that there is the white knight approaching at the gallop with a hard cash solution

#7
offline The Great Eckscape

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I see our good friends at Port Vale are going through troubles as well. Shame so many clubs are going through financial difficulties, something we may experience should Jeff decide to call it a day.

#8
offline Andy the Marsh Rat

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Yeh,there but for the grace of Jeff go we,good luck to the "K,s" and to Port Vale

#9
offline cangull

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Andy - Have you been taking grammar lessons from Cum on Ricay?? <img src="/forums/images/graemlins/smile.gif" alt="" />

#10
offline Andy the Marsh Rat

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Oi Vic,you leave my Granma out of this!!!




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