The Real Battle Begins?


Areyouaccusingmeofmendacity says: Saturday, December 15, 2012 at 22:36 0 0 Rate …

Comment on The Real Battle Begins? by paulsatim.

areyouaccusingmeofmendacity says:
Saturday, December 15, 2012 at 22:36
0 0 Rate This
borussiabeefburg says:

Saturday, December 15, 2012 at 22:30

I may be wrong, but wasn’t it RM where the adminstrators were warning their posters to watch what they were publishing, as the police were showing an interest? Good to see that advice was heeded…..

they arra peepul though, they do what they want 🙁

paulsatim Also Commented

The Real Battle Begins?
Now who does this remind you of?

Government launches probe into Comet collapse
Vince Cable’s department has launched an investigation into the demise of Comet as it emerged that OpCapita and its backers charged Comet millions for fees despite the chain racking up losses.

Comet collapsed into administration last month in the most high-profile retail failure since Woolworths in 2008. Photo: ALAMY
By Rachel Cooper, and Graham Ruddick8:57AM GMT 18 Dec 201230 Comments
The probe will be conducted through the Companies Investigations Branch at the Insolvency Service, which is part of Mr Cable’s Department for Business, Innovation and Skills.
Sources indicated that an investigation into the collapsed electricals chain launched a few days ago.
It is understood that the investigation will look at the circumstances around the acquisition of Comet and its administration.
Comet collapsed into administration last month in the most high-profile retail failure since Woolworths in 2008. The final 49 shops are expected to close on Tuesday, ending the company’s 79 years of trading.
Robert Halfon, MP for Harlow, tweeted on Tuesday morning: “Good news, after meeting with Vince Cable and my questions in Parliament glad he initiates inquiry into Comet closure.”
Related Articles
Could Comet collapse be followed by worse in 2013? 17 Dec 2012
Comet cuts another 735 jobs 19 Nov 2012
Comet administrators cut another 735 jobs 19 Nov 2012
More than one in 10 shops standing empty 19 Nov 2012
Comet administrators confirm closure of 41 stores 17 Nov 2012
Comet administrators work to save 50 stores 17 Nov 2012
News of the probe comes after it emerged that OpCapita and its backers charged Comet £12.8m in just nine months for financing and “monitoring” fees, despite the electrical retailer racking up losses.
The administrators report for Comet shows that Hailey Acquistions Limited (HAL), the vehicle OpCapita used to buy the retailer, received £11.5m in interest and arrangement payments while OpCapita and another Hailey vehicle collected £1.3m for “quarterly monitoring fees”.
There is anger among the retailer’s employees at OpCapita and its founder Henry Jackson for allowing the business to fail just months after the private investment firm bought Comet for £2 and received a £50m dowry from previous owner Kesa.
Deloitte’s report shows that the secured creditors – led by HAL – will receive payments of £49.7m from money raised by the sale of Comet’s remaining stock and assets. Deloitte and lawyers associated with the administration will share £10.4m.
HAL, funded by a group of US and British investors brought together by Greybull Capital, was a secured creditor to Comet because it lent the company money. It then charged Comet interest on the loaned money.
According to the report, HAL was owed £110m at the time of Comet’s collapse on November 2. This means that HAL faces a shortfall of at least £60.3m on the funds its provided.
However, it is unclear from Deloitte’s report whether OpCapita and its backers will lose money because the source of the £145m is not brokend down. For example, it is thought to include the £50m dowry from Kesa and a £30m asset-backed loan from a bank.
HAL and OpCapita declined to comment on Deloitte’s report.

Wonder if D & D will face similar enquiry?

The Real Battle Begins?
angus1983 says:
Tuesday, December 18, 2012 at 09:24
1 0 Rate This
jimlarkin says:
Monday, December 17, 2012 at 23:40

I stand to be erected, but –
As the prospective chinese politician said!

The Real Battle Begins?
stmiley says:
Tuesday, December 18, 2012 at 05:09
35 0 Rate This
The ECA ‘statement’ continues to puzzle me.

– an exclusive by STV as yet still unclaimed by any journalist;

– they remain the only major sports news outlet to run the story;

– no statement on ECA website or the rangers website;

– the spokesman/source is conveniently unnamed;

– the timing of this news, the run up to the IPO is also convenient;

– then last night, Charles Green lets slip that he received a letter from ECA last week;

Is he the source then? have STV actually seen the letter? can we trust their reporting?

I confess to having a serious mistrust of STV and their reporting of everything rangers related, but questions need answered.

poster on CM similarly puzzled and had this dialogue with@stv…..

This ECA Statement?
Looking for the statement from the ECA regarding The Rangers on there website, could @STV_Andy help me out?

@Swan70 Wasn’t a public statement.

@STV_Andy Where did it come from?

@Swan70 An answer to a question we asked to clarify their status.

Recent Comments by paulsatim

LNS – A Summary
“Lambeggery”, the drum beating for the attack dogs by the SMSM’s favourite club.

SFM – The Next Steps
Phil MacGiollaBhain ‏@Pmacgiollabhain 5h5 hours ago …
“It is not in Rangers culture to have spin-doctors that feed information to the media…”

SFM – The Next Steps
Barcabhoy says:
Member: (163 comments)
May 16, 2015 at 9:57 pm
I know nothing about XBMC/Kodi

Any chance of someone who does posting an idiots guide ?

Did Stewart Regan Ken Then Wit We Ken Noo?
Re the “pie and ear paintings”…..

Colin Paterson ‏@C_N_Paterson 1h1 hour ago
The new pioneers paintings in Mordor are acknowledgement of them bein a new club
Depicting them as pioneers infers they were the 1st players
3 retweets 4 favorites
Reply Retweet3 Favorite4
Colin Paterson retweeted
Noody ‏@Noody69Noody 1h1 hour ago
@C_N_Paterson it’s f***ing hilarious, on so many levels that I now suspect there is some Machiavellian super Tim undercover in their PR dept

Did Stewart Regan Ken Then Wit We Ken Noo?
Danish Pastry says:
Blog Writer: (1143 comments)
May 11, 2015 at 8:14 pm

Yes, its a belter!! Dont know what to think, but clumpers came across as a definite celtic fan, IMO.

About the author