Yngwie

It sounds a bit unlikely to me, but worth exploring I suppose given that the worst that happens is that we stay as we are. We either get a bit of extra income or we don’t, we can’t lose money on it.

Makwanageddon!

Investing in another Scottish club would certainly explain the conflict of interest point that was mentioned last week.

ICT musicals: The Lying King Rats The Book of Moron We Will Shock You Shitty Shitty Business Plan Joseph and his Amazing Technocolour Battery Farm

We all knew about the 15 point deduction, but what I didn’t know until today is that it seems we will also start next season with a 5 point deduction.

So our trio of new signings - Stephen, Cohen and Crooks - what positions do they play?

With the Administrators now in place, we all need to prepare ourselves for more bad news and unpopular or unpalatable decisions.

A condition known as premature administration!

Directors need to have done really bad stuff, eg clearly fraudulent and/or illegal, to get an adverse report. Being weak or incompetent isn’t enough for issues to be raised.

I don’t think much of Ferguson in terms of tactics or getting the best performances out of the team, but he has conducted himself very well and made sacrifices to help the club when faced with the financial crisis this season, so best wishes to him when he goes.

Rooney has now been released by St Mirren, after being with charged with assaulting a woman in a takeaway.

My understanding of this notice is that it protects the club from creditors and legal actions between now and the administrator being appointed. It also looks like Ross Morrison, as floating charge holder, has to either consent to the appointment of the administrator or be given at least 5 workings days’ notice before an administrator gets appointed so that he has opportunity to choose his own administrators.

I guess this match could be the last time we ever see a lot of our players and management team?

That’s my reading of it too. Satisfaction was in respect of a floating to charge to RBS created in 2016, but we haven’t owed banks anything for years as far as we are aware, and also, Morrison would not have been able to get his own floating charge if there was already a valid floating charge in place to somebody else. Looks like an admin tidy up to remove a potential complication that might slow down the administration process.

Great, looking forward to seeing a well supported front two!

Head office is arguably better than Makanwa’s!

This bit was particularly interesting. You can actually feel the seethe! “He responded with a lengthy statement that was written in red and drifted into block capitals.”

The way that article comes across to me, it’s as if Gardiner issued a statement to the journalist making the points he wants to make, the journalist then added some background info to pad it out, and SG then had final sign of off what was being said, to ensure there was nothing critical of him. There’s certainly no evidence of any critical/questioning journalism taking place.

All seems corrected now, 5-4 on pens after Robbie Thompson’s was saved. Had a feeling it might be our day after we found the net not once but twice during a game, but sadly not,

Trying to follow this from a beach in Mexico. We seem to have lost the shootout, after having won the match 4-3!

“we travel to Almondvale (Set Fare Arena)” “Home of the Set Fare Arena” to be precise. Livi are constantly raising the bar when it comes to terrible stadium sponsorship naming deals.

My understanding is that a club in administration has to pay off all ‘football creditors’ before it can come out of administration. I think this includes the contractual entitlement of players, coaches and managers, as well as amounts owed to other clubs. I’m sure someone can clarify.

Yes, 99% sure. The PSC form for the club was submitted in 2022 and has not been amended or replaced since then. At that time it rightly had the club has having >75% control of shares and votes. Would actually have been 100% but companies house use specified bandings. Subsequently we have 3 more PSCs added who each have 25-50% of the shares (it is actually 33, 33 and 34% per a Morrison interview) so in total the current submissions add up to a minimum of 150% control which is of course impossible and shows the original PSC to be needing cancelled. The right to appoint directors will be controlled by the current shareholders, I’m sure the Articles will confirm that but I can’t be bothered to look!

And none of them seem to have had a financial background. I think it is always a good idea for a board to have someone suitably qualifiied, responsible for reporting and scrutinising the financial position and cash forecasts, as well as ensuring proper governance.

That one is just an admin failure on the part of whoever deals with Companies House filings for the battery co. When the battery co issued shares to its 3 new owners, it should have notified Companies House that the football club is no longer a person of significant control.