Not sure why what happens in France or elsewhere is relevant. They have different systems.
The onset of the recession is driving more companies into financial difficulty and raising the profile of the specialists called into act as administrators or receivers to those in the deepest difficulty. Ordinarily, a company would attempt to keep insolvency practitioners at bay by first trying to convince bankers and other creditors to agree to more flexible terms.
But, if such discussions fail to reach a break through, administration and receivership then become the most likely options for troubled companies. There are crucial differences between the two main ways of treating companies unable to service their debt repayments.
• Administration
This takes place after a company, its directors or one of more of its creditors have asked the courts to step in. The court will appoint administrators whose powers are very broad and replace the existing directors. Administration also protects a company from an legal action. The administrator's primary objective is to keep the company operating as a going concern to achieve the best possible returns for creditors before going into liquidation.
• Liquidation
If companies cannot keep operating as a going concern, liquidation may the only option. This is intended to release as many assets as possible to pay off creditors. Crucially, though, companies in administration cannot be forced into liquidation.
• Receivership
While administrators are appointed the court, an administrative receiver is called in by a bank or other creditor who has a charge over all or most of the assets of a company. The receiver's goal is to act in the interests of the holder of the charge. Legal actions can still be brought and liquidators can still be appointed.
Such a fine man you are Mr Scally, no doubt every club in the country wished they had such wonderful chairman....some of his greatest moments in life and football..........
A few choice extracts from the 'Highs and lows' article on Scally back in 2002
"There can be few more appropriately named chairmen in football than Paul Scally. This is the man who bought £6m of fixtures and fittings for Gillingham's new stadium for £600,000 at the Millennium Dome clearance sale. He was also ordered to pay the largest fine ever dished out by the Football League for contravention of gambling regulations and for 18 months trouble, rumour and innuendo have been a black dog snapping at his heel. "
"Since July 2000, when he was fined £10,000 for correctly forecasting that the Gills would lose the 1998-99 play-off final to Manchester City, his marriage has broken down and his wife jailed for drug offences. He has also been ordered to haul down parts of the new stadium after an alleged breach of planning regulations, faced allegations of corruption and defended a bitter case for wrongful dismissal by his former manager Tony Pulis. Add his penchant for provocative programme notes and outrageous public statements and it is no surprise to know he has been dubbed the Ken Bates of the Nationwide. " ".... Allegations of theft, blackmail, fraud and illegal approaches, all denied, were bandied in the high court and came to a halt only when Pulis accepted £75,000 as an out-of-court settlement, a fraction of his original demand. "
"To counter his critics he need only point to his record. In 1995 Gillingham were in receivership and heading for the Conference. After paying a nominal fee for the club - 1p - Scally has overseen two promotions, two visits to Wembley, an FA Cup quarter-final and the renovation of the stadium. They travel to Arsenal from mid-table in the First Division and with the experience of losing FA Cup ties to Chelsea in the past two seasons. "
"Scally's ambition does not stop at First Division security and the occasional cup run. "There's no such thing as going up to soon. I would break both my arms for a season in the Premiership. Even if we went up and then came straight back down, that wouldn't worry me a bit; I'd love it."
Henry, yes. I believe that is the position after the major revisions institued by the govt in, I think, 2005 (we also have a hybrid called 'administrative receivership', I think, which is not the same as the official receiver being called in?)
My point was simply that Scally is a fool who talks endless nonsense. If he mistakenly described the official receiver locking the gates at the Valley as administration (particularly as the legal framework has been completely overhauled since 1984), then it's a small error compared to a thousand far bigger clangers he's idiotically dropped...
He also said we were in administration ''not so long ago'', so may be he wasn't even talking about 1984 : I would have thought even in Scally-speak a quarter of a century counts as quite a long time!
[cite]Posted By: Chizz[/cite]What's your problem, Mr Scally? Are you still worried about Valley Express?
"It wasn’t the buses so much, it was the way they went into the schools of Medway with their Football in the Community."
So, what's your point?
"My point is that Charlton isn’t in Kent"
I see, so your issue is that, Charlton is not in Kent, therefore not "local" enough to offer football courses close to Gillingham? Got it. Thanks.
"There always will be (issues) as they are a local team"
Eh?
Good point. We're local but not quite local enough to be allowed to attract new fans living in Kent.
Like Henry said, Charlton are a regional club, fans come to watch games from around the whole of the South East, not just from an area of London. Gillingham's own fault if they didn't come up with ways to attract new fans.
Scally can't get it into his thick head that many SE Londoners migrated into Kent because of prohibitive house prices. They already had allegiances to London teams like Charlton and Millwall. Ironic given that he lives (or lived) the in West Kingsdown area himself!
The Gillingham supporters I sit with in the Frank Woolley stand watching cricket at Canterbury (who are all lovely people, btw) say he's actually a Millwall fan and can't stand him...
[cite]Posted By: nigel w[/cite]The Gillingham supporters I sit with in the Frank Woolley stand watching cricket at Canterbury (who are all lovely people, btw) say he's actually a Millwall fan and can't stand him...
Maybe true Nigel, but he's stoking the flames and has driven the wedge in between the fans. Can't believe I gave up money and time to help them for that berk to have his say.
Scoham said: "Good point. We're local but not quite local enough to be allowed to attract new fans living in Kent."
Haven't heard Scally banging on about Man Utd, Liverpool, Cheslea, Spurs, Arsenal and West Ham attracting fans living in Kent.
''he's stoking the flames and has driven the wedge in between the fans.''
Quite, BDL. And if he really is Millwall at heart, we may have the explanation right there...I doubt he really has driven a wedge between our fans and theirs, though. I know a lot of Gillingham s/t holders and they are sensible enough not to believe a word he says. Admitedly, they're all elderly cricket-loving types like me. Whether his stupid words stir up the young blades among their supporters, I don't know...
"The Medway Towns are situated around the River Medway estuary on the North Kent coast and has a large population (over 250,000 people)." That's a population equivalent to a city the size of Plymouth, Nottingham, Stoke or Wolverhampton, for example ...... and much larger than Newcastle, Norwich, Sunderland, Portsmouth.
Arguably, you can add another 100,000 living in Maidstone and another 125,000 living in Thanet.
With a local catchment area of more than half a million, perhaps Scally should ask himself why Gillingham can rarely muster more than 5 or 6,000 crowds........?
Surely they are not all going to The Valley, lol
But they might be going to watch their football anywhere but Gillingham.
"In April 2006, the ground (Priestfield) hosted the England women's team's World Cup Qualifier against Austria, achieving a gate of 8,068 (a higher attendance than Gillingham's average home gate for the 2005–06 season)"
Scally is clearly a Wankshaft, but surely the fact that we obviously went to the lengths of employing special voodoo advisors to facilitate our evil plan of stealing the souls of the poor residents of the Medway towns must understandably smart a bit. I'd be interested to know the details though. Presumably these dark and archaic rites took place in a graveyard (Crown Woods Cemetry, perhaps?) at midnight and involved chicken bones, toad's blood and eye of newt (hard to get hold of these days - they are a protected species) at midnight. That is standard practice, I believe.
Or is he just getting overexcited because it's Halloween soon? I think we need to know.
PS I assume that the Warlocks hired by Gillingham to counteract the 'bad ju-ju' simply did not have the power or requisite skills to neutralise it. You get what you pay for, I suppose, and that is where us being a bigger club gives us the advantage. We can hire experienced, skilled witches and theirs are barely out of witch school. Unlucky, Scally you nob!
TBH if we were in tier 4 and Jills were in the prem (i know, I know) and they offered cheap buses down to the medway from the Greenwich/Woolwich area we would be miffed as well. But it is unlikely Jills fans would want to watch us. It's the old luke warm fans who are attracted back by the rickshaw deal.
I wrote to Scally a while back pointing out to him the ignorance which underlies his assertion that Gillingham is the only league team in Kent.
Charlton is in Kent. It's just not now in the administrative area of Kent County Council. That change came about in the late 19th century when certain ares of Kent, Surrey, Essex and Middlesex were incorporated into the newly created county of London.
That process of change carried on in 1964 with the creation of Greater London Council.
None of these changes can alter the historical fact that Charlton is a place in the historical County of Kent.
[cite]Posted By: bingaddick[/cite]I wrote to Scally a while back pointing out to him the ignorance which underlies his assertion that Gillingham is the only league team in Kent.
Charlton is in Kent. It's just not now in the administrative area of Kent County Council. That change came about in the late 19th century when certain ares of Kent, Surrey, Essex and Middlesex were incorporated into the newly created county of London.
That process of change carried on in 1964 with the creation of Greater London Council.
None of these changes can alter the historical fact that Charlton is a place in the historical County of Kent.
I never got a reply - he probably can't read!
In fact if we got relegated all the way down to county league level, the 9th tier, we'd go into the Kent League with teams like Greenwich Borough.
Whether we are in or out of Kent, we are a business at the end of the day. Not every Arsenal fan lives in North London and not every Liverpool fan lives on Merseyside.Yet they still pay their money, they watch the team they want to watch, and they are supporters in their own right. Scally will always be bitter towards us because the fact is Gillingham are not a big enough side to pull in any fans outside of their catchment area, whereas Charlton are. Let Scally have his say knowing that it will fall on deaf ears (with the exception of those 10-15 Gills fans out there...somewhere)
There's a few Jills fans in Plymouth and SE Cornwall.
These were the workers re-located to Devonport Dockyard, from the Medway area 25 years ago when Chatham Dockyard was closed down.
Scally please note ........ you have Jills fans deep in Plymouth Argyle territory. Why don't you arrange a 'Priestfield Express' for these loyal fans - or doesn't that fit your agenda?
[cite]Posted By: Oggy Red[/cite]Local population catchment area of Gillingham FC:
"The Medway Towns are situated around the River Medway estuary on the North Kent coast and has a large population (over 250,000 people)."That's a population equivalent to a city the size of Plymouth, Nottingham, Stoke or Wolverhampton, for example ...... and much larger than Newcastle, Norwich, Sunderland, Portsmouth.
Arguably, you can add another 100,000 living in Maidstone and another 125,000 living in Thanet.
With a local catchment area of more than half a million, perhaps Scally should ask himself why Gillingham can rarely muster more than 5 or 6,000 crowds........?
Surely they are not all going to The Valley, lol
But they might be going to watch their football anywhere but Gillingham.
It's 40 miles from Gillingham to the Isle of Thanet - Gillingham have about as many supporters in Thanet as they do in SE London. You'd probably find a few in Swale (Sheppey, Sittingbourne and Faversham), which is the next district down from Medway, but then you've got Canterbury district (including Herne Bay and Whitstable) before you get to Thanet. The reason Scally doesn't run coaches from any of these places is that no one would get on them and he knows it.
Charlton is not in Kent. It may once have been a long time ago, but it hasn't been for at least 100 years. The whole reason why Gills fans have been getting pissed off with CAFC is because of the continual and ridiculous assertion that a club in spitting distance of the Blackwall Tunnel and Millienium Dome is in Kent. This is something that your board has pursued purely as a marketing ploy in order to attract new fans.
Yes you are affiliated to the Kent FA (as are Millwall) but that is only because there is no London FA.
Charlton were not even formed as a club until 1905 and so it wasn't even formed until after the Victorian boundary changes had taken place. West Ham aren't an Essex club, Spurs aren't a Hertfordshire club, QPR isn''t a Middlesex club and Charlton isn't a Kent club. If you follow your logic then there possibly aren't any London clubs at all. Its debatable really if Abbeywood, Erith or Welling can truly be classed as being in Kent anymore.
No shame in being a London club. Apart from the obvious marketing thing I really can't see why you lot are so keen to be a kent club. It makes no sense to me.
who gives a fcuk whether we're in kent/surrey/or outer mongolia WE ARE CHARLTON we're in a shite league playing shite teams the sooner we get out of here we wont be mixing with muppets like scally ....
we can get back to concentrating on hating jordan!!
Neither you blue and white, or a civil servant, can arbritarily send a significant piece of our culture and history to the dustbin. As I said before, the two are not mutually exclusive. Charlton is in London and Kent. So ner.
[cite]Posted By: thewolfboy[/cite]TBH if we were in tier 4 and Jills were in the prem (i know, I know) and they offered cheap buses down to the medway from the Greenwich/Woolwich area we would be miffed as well. But it is unlikely Jills fans would want to watch us. It's the old luke warm fans who are attracted back by the rickshaw deal.
Lewis coaches also used to run coaches from to Highbury for the Arsenal matches. I don't recall Charlton throwing tamtrums.
I recall in the 60's going to an Arsenal v Spurs match as a kid with my bro. We were in the North bank but I was too small and couldn't see a thing....I think spurs won 3-0
Greaves getting a hattrick but the latter bit might of got mixed up through time.
Comments
The onset of the recession is driving more companies into financial difficulty and raising the profile of the specialists called into act as administrators or receivers to those in the deepest difficulty. Ordinarily, a company would attempt to keep insolvency practitioners at bay by first trying to convince bankers and other creditors to agree to more flexible terms.
But, if such discussions fail to reach a break through, administration and receivership then become the most likely options for troubled companies. There are crucial differences between the two main ways of treating companies unable to service their debt repayments.
• Administration
This takes place after a company, its directors or one of more of its creditors have asked the courts to step in. The court will appoint administrators whose powers are very broad and replace the existing directors. Administration also protects a company from an legal action. The administrator's primary objective is to keep the company operating as a going concern to achieve the best possible returns for creditors before going into liquidation.
• Liquidation
If companies cannot keep operating as a going concern, liquidation may the only option. This is intended to release as many assets as possible to pay off creditors. Crucially, though, companies in administration cannot be forced into liquidation.
• Receivership
While administrators are appointed the court, an administrative receiver is called in by a bank or other creditor who has a charge over all or most of the assets of a company. The receiver's goal is to act in the interests of the holder of the charge. Legal actions can still be brought and liquidators can still be appointed.
A few choice extracts from the 'Highs and lows' article on Scally back in 2002
"There can be few more appropriately named chairmen in football than Paul Scally. This is the man who bought £6m of fixtures and fittings for Gillingham's new stadium for £600,000 at the Millennium Dome clearance sale. He was also ordered to pay the largest fine ever dished out by the Football League for contravention of gambling regulations and for 18 months trouble, rumour and innuendo have been a black dog snapping at his heel. "
"Since July 2000, when he was fined £10,000 for correctly forecasting that the Gills would lose the 1998-99 play-off final to Manchester City, his marriage has broken down and his wife jailed for drug offences. He has also been ordered to haul down parts of the new stadium after an alleged breach of planning regulations, faced allegations of corruption and defended a bitter case for wrongful dismissal by his former manager Tony Pulis. Add his penchant for provocative programme notes and outrageous public statements and it is no surprise to know he has been dubbed the Ken Bates of the Nationwide. "
".... Allegations of theft, blackmail, fraud and illegal approaches, all denied, were bandied in the high court and came to a halt only when Pulis accepted £75,000 as an out-of-court settlement, a fraction of his original demand. "
"To counter his critics he need only point to his record. In 1995 Gillingham were in receivership and heading for the Conference. After paying a nominal fee for the club - 1p - Scally has overseen two promotions, two visits to Wembley, an FA Cup quarter-final and the renovation of the stadium. They travel to Arsenal from mid-table in the First Division and with the experience of losing FA Cup ties to Chelsea in the past two seasons. "
"Scally's ambition does not stop at First Division security and the occasional cup run. "There's no such thing as going up to soon. I would break both my arms for a season in the Premiership. Even if we went up and then came straight back down, that wouldn't worry me a bit; I'd love it."
My point was simply that Scally is a fool who talks endless nonsense. If he mistakenly described the official receiver locking the gates at the Valley as administration (particularly as the legal framework has been completely overhauled since 1984), then it's a small error compared to a thousand far bigger clangers he's idiotically dropped...
He also said we were in administration ''not so long ago'', so may be he wasn't even talking about 1984 : I would have thought even in Scally-speak a quarter of a century counts as quite a long time!
Like Henry said, Charlton are a regional club, fans come to watch games from around the whole of the South East, not just from an area of London. Gillingham's own fault if they didn't come up with ways to attract new fans.
Also didn't someone close to him get arrested for possession after their famous FA cup win at a nightclub in Kent?
Maybe true Nigel, but he's stoking the flames and has driven the wedge in between the fans. Can't believe I gave up money and time to help them for that berk to have his say.
Haven't heard Scally banging on about Man Utd, Liverpool, Cheslea, Spurs, Arsenal and West Ham attracting fans living in Kent.
Quite, BDL. And if he really is Millwall at heart, we may have the explanation right there...I doubt he really has driven a wedge between our fans and theirs, though. I know a lot of Gillingham s/t holders and they are sensible enough not to believe a word he says. Admitedly, they're all elderly cricket-loving types like me. Whether his stupid words stir up the young blades among their supporters, I don't know...
Surely if a rendition of "are you Jordan in disguise" was ever deserved, this is it!
"The Medway Towns are situated around the River Medway estuary on the North Kent coast and has a large population (over 250,000 people)." That's a population equivalent to a city the size of Plymouth, Nottingham, Stoke or Wolverhampton, for example ...... and much larger than Newcastle, Norwich, Sunderland, Portsmouth.
Arguably, you can add another 100,000 living in Maidstone and another 125,000 living in Thanet.
With a local catchment area of more than half a million, perhaps Scally should ask himself why Gillingham can rarely muster more than 5 or 6,000 crowds........?
Surely they are not all going to The Valley, lol
But they might be going to watch their football anywhere but Gillingham.
Nuff said really
Or is he just getting overexcited because it's Halloween soon? I think we need to know.
PS I assume that the Warlocks hired by Gillingham to counteract the 'bad ju-ju' simply did not have the power or requisite skills to neutralise it. You get what you pay for, I suppose, and that is where us being a bigger club gives us the advantage. We can hire experienced, skilled witches and theirs are barely out of witch school. Unlucky, Scally you nob!
lol, Big Stem.
Charlton is in Kent. It's just not now in the administrative area of Kent County Council. That change came about in the late 19th century when certain ares of Kent, Surrey, Essex and Middlesex were incorporated into the newly created county of London.
That process of change carried on in 1964 with the creation of Greater London Council.
None of these changes can alter the historical fact that Charlton is a place in the historical County of Kent.
I never got a reply - he probably can't read!
See here and here...
These were the workers re-located to Devonport Dockyard, from the Medway area 25 years ago when Chatham Dockyard was closed down.
Scally please note ........ you have Jills fans deep in Plymouth Argyle territory.
Why don't you arrange a 'Priestfield Express' for these loyal fans - or doesn't that fit your agenda?
It's 40 miles from Gillingham to the Isle of Thanet - Gillingham have about as many supporters in Thanet as they do in SE London. You'd probably find a few in Swale (Sheppey, Sittingbourne and Faversham), which is the next district down from Medway, but then you've got Canterbury district (including Herne Bay and Whitstable) before you get to Thanet. The reason Scally doesn't run coaches from any of these places is that no one would get on them and he knows it.
Charlton is not in Kent. It may once have been a long time ago, but it hasn't been for at least 100 years. The whole reason why Gills fans have been getting pissed off with CAFC is because of the continual and ridiculous assertion that a club in spitting distance of the Blackwall Tunnel and Millienium Dome is in Kent. This is something that your board has pursued purely as a marketing ploy in order to attract new fans.
Yes you are affiliated to the Kent FA (as are Millwall) but that is only because there is no London FA.
Charlton were not even formed as a club until 1905 and so it wasn't even formed until after the Victorian boundary changes had taken place. West Ham aren't an Essex club, Spurs aren't a Hertfordshire club, QPR isn''t a Middlesex club and Charlton isn't a Kent club. If you follow your logic then there possibly aren't any London clubs at all. Its debatable really if Abbeywood, Erith or Welling can truly be classed as being in Kent anymore.
No shame in being a London club. Apart from the obvious marketing thing I really can't see why you lot are so keen to be a kent club. It makes no sense to me.
we can get back to concentrating on hating jordan!!
Lewis coaches also used to run coaches from to Highbury for the Arsenal matches. I don't recall Charlton throwing tamtrums.
I recall in the 60's going to an Arsenal v Spurs match as a kid with my bro. We were in the North bank but I was too small and couldn't see a thing....I think spurs won 3-0
Greaves getting a hattrick but the latter bit might of got mixed up through time.
The Gillingham Supporter wrote:
'Yes you are affiliated to the Kent FA (as are Millwall) but that is only because there is no London FA.'