QuoteLooking at the players that have left Waterford and those that have come in, I'd safely say the wage bill is higher now than it was a month ago.
That's not the point, the point is they are releasing players to save money and then just getting new players in rather then try and concentrate on paying their creditors.Originally Posted by trevy
If you can keep your head when all around you have lost theirs, then you probably haven't understood the seriousness of the situation.
Looking at the players that have left Waterford and those that have come in, I'd safely say the wage bill is higher now than it was a month ago.
Apparently there is a thread for european discussion. Go there.
How did you come to that conclusion Einstein?
http://www.extratime.ie/newsdesk/art...ee-departures/
If anything, i'd say we have evened things up.
including paying Henderson??
Hearts weren't served with the embargo for being in debt, they were served for not paying player wages. The LOI has the same procedure in place but a player would have to make a complaint for non-payment in order for it to come into action. I don't think this is yet the case in Waterford.
It would, I imagine, be very difficult to stop limited companies trading because they have debts. Pretty much all companies carry debt, so the line would be arbitrary where you would stop their right to trade.
Only a court could take on that kind of a decision. And that might yet happen.
Reading the Mirror there....Henderson has still not recieved any of the money owed....yet they still continue to sign players this window......makes sense
Looks like the usual foolproof LoI business plan to me. Sign better players. Win promotion (2013). Sign better players. Win the league (2014). Sign better players. Get into the Champions League group stages (2015). Ker-ching!!! What could possibly go wrong?
Hello, hello? What's going on? What's all this shouting, we'll have no trouble here!
- E Tattsyrup.
That just leads in rubbish in an used terrace
Do you have a link to the article?I'd imagine if he hasn't received money yet they have at least made some kind of agreement for him to receive the proceeds of the upcoming friendlies,if not I'd be very worried if I was a Waterford fan. When is it due in Court?Next week?
If you can keep your head when all around you have lost theirs, then you probably haven't understood the seriousness of the situation.
Monday - so if Waterford don't have the cash tonight, the winding-up order will take effect then (15th).
AFAIK the FAI originally refused to register the new players due to same financial fears.
Yup, monday is D-Day.
I’m not pedantic...I’m merely overly concerned with minute details.
Not necessarily, the judge could well adjourn for a few weeks if he/she felt they were making a genuine effort to get it together. They'd probably need a payment of some sort as a show of good faith. Cork for example had a few dates before the company was actually wound up.
Upwards to the vanguard where the pressure is too high.
There is no winding up order. There is a winding up petition. Whether the petition will be upheld depends on the arrangements undertaken between the parties.
Posting Permissions
Bookmarks