robg58 319 Posted January 19, 2013 Share Posted January 19, 2013 According to the Daily mail ,Kilmarnock have been served with a winding up order .A recorded delivery letter should be received today , failing a response Sherriffs officers will be visiting on Monday to serve the notice.Last year their debt rose to 9.84 million against an income of7.4 million. Quote Link to post Share on other sites More sharing options...
Moraybluenose 99 Posted January 19, 2013 Share Posted January 19, 2013 Oh dear thats going to sting a bit! Quote Link to post Share on other sites More sharing options...
DarcheVinny 1,003 Posted January 19, 2013 Share Posted January 19, 2013 Wrong forum, could someone please move to general sports. (I'm on mobile). Quote Link to post Share on other sites More sharing options...
God save charles green 73 Posted January 19, 2013 Share Posted January 19, 2013 Good. Their fans were giving it plenty just after we went into admin in the game at Ibrox.Fuck the spl Quote Link to post Share on other sites More sharing options...
Douglas Cameron 179 Posted January 19, 2013 Share Posted January 19, 2013 Shame. A decent club but nowhere near enough people turning up to sustain them. They'd always be one of the favourites to end up in trouble given the debt they took on to build the stadium and hotel.From memory BOS were their bank so I imagine it is now Lloyds unless they've been able to refinance.What we went through was terrible. I wouldn't wish that on any genuine football fans. Will be interested to see what sympathy and support comes their way from the rest of the football community if this is true Quote Link to post Share on other sites More sharing options...
Quaybear 0 Posted January 19, 2013 Share Posted January 19, 2013 Same sentiment from me Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted January 19, 2013 Share Posted January 19, 2013 If it happens strip them of their league cup win the other season........will be the cry from those green plastic seat immigrants, also if they do go into administration and automatic 10 points or a third of last seasons points...how will they manage to fulfil their fixtures.................oops! that's right the sfa/spal will advance money to them against monies due. Quote Link to post Share on other sites More sharing options...
StayWestFree 107 Posted January 19, 2013 Share Posted January 19, 2013 SPL/SFA will bend over backwards to help them. Stick on. Quote Link to post Share on other sites More sharing options...
bouncybear 43 Posted January 19, 2013 Share Posted January 19, 2013 Shame. A decent club but nowhere near enough people turning up to sustain them. They'd always be one of the favourites to end up in trouble given the debt they took on to build the stadium and hotel.From memory BOS were their bank so I imagine it is now Lloyds unless they've been able to refinance.What we went through was terrible. I wouldn't wish that on any genuine football fans. Will be interested to see what sympathy and support comes their way from the rest of the football community if this is trueAh well that'll be another posting for Donald Muir. Quote Link to post Share on other sites More sharing options...
hugh_capet 341 Posted January 19, 2013 Share Posted January 19, 2013 The fans are holding an emergency meeting in the local phone box Quote Link to post Share on other sites More sharing options...
Douglas Cameron 179 Posted January 19, 2013 Share Posted January 19, 2013 Ah well that'll be another posting for Donald Muir.With Rangers there was at least the possibility of trading on and paying down the debt. It needed champions league football and a reduction in the wage bill but as the decrease from £30m to £18m showed it was possible. The problem was the big tax case made the bank nervous hence Whyte and all the sh1te that followed.For Killie there is no way they can ever pay that back from cash generated through the football club. Outside investment would be needed. Therefore I can't see the benefit in the bank putting someone on the board. There are no decisions they could influence that would help get the money back.If they are close to admin the bank will face a big hit. Their security will be on the property. Can't see enough being raised selling a stadium and hotel in Kilmarnock!In truth any club going into admin is likely to either disappear completely or be saved the way we were ie a business and asset deal with the oldco liquidated. Could make for a very crowded division 3 next year! Quote Link to post Share on other sites More sharing options...
Nemesis 277 Posted January 19, 2013 Share Posted January 19, 2013 Any chance of a link? Can't see this story in the Mail Online? Quote Link to post Share on other sites More sharing options...
bouncybear 43 Posted January 19, 2013 Share Posted January 19, 2013 With Rangers there was at least the possibility of trading on and paying down the debt. It needed champions league football and a reduction in the wage bill but as the decrease from £30m to £18m showed it was possible. The problem was the big tax case made the bank nervous hence Whyte and all the sh1te that followed.For Killie there is no way they can ever pay that back from cash generated through the football club. Outside investment would be needed. Therefore I can't see the benefit in the bank putting someone on the board. There are no decisions they could influence that would help get the money back.If they are close to admin the bank will face a big hit. Their security will be on the property. Can't see enough being raised selling a stadium and hotel in Kilmarnock!In truth any club going into admin is likely to either disappear completely or be saved the way we were ie a business and asset deal with the oldco liquidated. Could make for a very crowded division 3 next year!I was being flippant, and I think it stands to reason that there are several SPL clubs teetering on the brink that could end up in liquidation.That said the Kilmarnock Standard reports that their admin costs rose by £400k last year to a total of an astonishing £6.4 million. If you don't think that could be reduced significantly then feel free to justify it. Quote Link to post Share on other sites More sharing options...
Douglas Cameron 179 Posted January 19, 2013 Share Posted January 19, 2013 I was being flippant, and I think it stands to reason that there are several SPL clubs teetering on the brink that could end up in liquidation.That said the Kilmarnock Standard reports that their admin costs rose by £400k last year to a total of an astonishing £6.4 million. If you don't think that could be reduced significantly then feel free to justify it.Hells bells that seems a lot. I'd always assumed they had a fairly lean operation. Certainly don't ever recall stories of anything other than a tight wage structure. Possible that could include hotel costs too though.Like I said I'd be interested to see the reaction to an SPL club entering admin. Time will tell... Quote Link to post Share on other sites More sharing options...
RFC55 109,967 Posted January 19, 2013 Share Posted January 19, 2013 Hells bells that seems a lot. I'd always assumed they had a fairly lean operation. Certainly don't ever recall stories of anything other than a tight wage structure. Possible that could include hotel costs too though.Like I said I'd be interested to see the reaction to an SPL club entering admin. Time will tell...That hotel is crippling them Quote Link to post Share on other sites More sharing options...
Right_To_Censor 1,951 Posted January 19, 2013 Share Posted January 19, 2013 if this is sadly true, then all I can say at this time ismilk milklemonadearound the cornerfudge is made Quote Link to post Share on other sites More sharing options...
Mor3los_1 3,672 Posted January 19, 2013 Share Posted January 19, 2013 Killie have been at deaths door for years. Got an 18k seated stadium that gets around 3 or 4 thousand for a home game. Far too big for what they need. Doesn't help that Kilmarnock is turning into a ghost town because of Johnnie Walker etc. Quote Link to post Share on other sites More sharing options...
derek1872 548 Posted January 19, 2013 Share Posted January 19, 2013 they make decent pies. Quote Link to post Share on other sites More sharing options...
West_Side 1,571 Posted January 19, 2013 Share Posted January 19, 2013 That's a shame. Having an 18000 seater stadium and getting average attendances of 5000 just isn't sustainable. Quote Link to post Share on other sites More sharing options...
Dennis 1,011 Posted January 19, 2013 Share Posted January 19, 2013 As Marvin would say "happy as Larry, could not be happier"Or as Dana would say "its me or the blues" Quote Link to post Share on other sites More sharing options...
toolongawake 1,205 Posted January 19, 2013 Share Posted January 19, 2013 With Rangers there was at least the possibility of trading on and paying down the debt. It needed champions league football and a reduction in the wage bill but as the decrease from £30m to £18m showed it was possible. The problem was the big tax case made the bank nervous hence Whyte and all the sh1te that followed.For Killie there is no way they can ever pay that back from cash generated through the football club. Outside investment would be needed. Therefore I can't see the benefit in the bank putting someone on the board. There are no decisions they could influence that would help get the money back.If they are close to admin the bank will face a big hit. Their security will be on the property. Can't see enough being raised selling a stadium and hotel in Kilmarnock!In truth any club going into admin is likely to either disappear completely or be saved the way we were ie a business and asset deal with the oldco liquidated. Could make for a very crowded division 3 next year! This pretty much sums up the matter. Of all the clubs in the SPL they were the ones who abstained from voting us out, but if they saw this coming round the corner, then I doubt it was much more than treating others as they hope they will be. Quote Link to post Share on other sites More sharing options...
ForeverBlue_Since91 2,895 Posted January 19, 2013 Share Posted January 19, 2013 No cunt should feel sorry for these fannys. Killie fans would rather there own club went bust than see Rangers in the top league. Sorry to tell yous cunts but you will be seeing us back in the top league again soon & we will not be seeing yous again. GIRUY'S! Quote Link to post Share on other sites More sharing options...
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