The Wages Cap is Dead

Pe├▒a Oxford United · Fri Jun 20, 2008 8:53 am

Did we go into admininstration post-Maxwell?

Myles Francis · Post by **Myles Francis** » Fri Jun 20, 2008 9:03 am

Not sure if the 40 are league clubs only.

My offerings are Maidstone Utd and Crawley Town.

Mally · Post by **Mally** » Fri Jun 20, 2008 9:19 am

Leeds United

A-Ro · Post by **A-Ro** » Fri Jun 20, 2008 9:35 am

I don't believe we've ever been in administration, I'm not a reliable source though. Someone could simply send an email to Mick asking him.

Myles Francis · Post by **Myles Francis** » Fri Jun 20, 2008 10:45 am

Other definites:

Barnsley
Carlisle
Chester
Chesterfield
Darlington
Huddersfield
Lincoln
Oldham
Port Vale
QPR
York

Two possibles:

Brighton
Mansfield

boris · Post by **boris** » Fri Jun 20, 2008 11:55 am

&quotPeña Oxford United&quot wrote:Did we go into admininstration post-Maxwell?

No. I'm fairly certain that the transition from Kev Maxwell to Corbett was a direct sale/transfer, probably via some dodgy* offshore tax-avoidance dealings.

*or perfectly legitimate

Hoarse · Post by **Hoarse** » Fri Jun 20, 2008 12:21 pm

we haven't been there yet....

Hull city
Doncaster
Gillingham
Halifax

Wimbledon?

Mally · Post by **Mally** » Fri Jun 20, 2008 12:50 pm

&quotHoarse&quot wrote:we haven't been there yet....

And are unlikely to do so whilst the major creditor remains as the owner. However if Ian Lenagan/WPL was to want out and sell his stake in the club withoiut all of his debt being cleared as part of the deal it could become very possible.

Pe├▒a Oxford United · Fri Jun 20, 2008 3:56 pm

I'm pretty sure (well, certain) that we went into receivership. Could that not be what Mick meant?

YM72 · Post by **YM72** » Fri Jun 20, 2008 4:04 pm

Cambridge

Coventry, I think, were rescued at the last moment.

OUFC4eva · Post by **OUFC4eva** » Sat Jun 21, 2008 9:41 am

I don't think we went into receivership.

That's pretty much the bank appointing an official receiver who's main job would have been to sell the Manor Ground and other assets for the benefit of the major creditors.

Receivership is different to selling as a &quotgoing concern&quot which would normally be the case when a football club exits Administration with next to no debt.

Pe├▒a Oxford United · Sat Jun 21, 2008 10:45 am

&quotOUFC4eva&quot wrote:I don't think we went into receivership.

So what were Buchler Phillips doing?

Myles Francis · Post by **Myles Francis** » Sat Jun 21, 2008 10:58 am

&quotPeña Oxford United&quot wrote:
&quotOUFC4eva&quot wrote:I don't think we went into receivership.
So what were Buchler Phillips doing?

They supervised the CVA which prevented the club from going into administration or receivership.

http://archive.thisisoxfordshire.co.uk/ ... 81714.html

Pe├▒a Oxford United · Sat Jun 21, 2008 11:08 am

Not in 1999, in 1992.

Myles Francis · Post by **Myles Francis** » Sat Jun 21, 2008 4:15 pm

In 1992 they were appointed to sort out Maxwell's affairs.

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The Wages Cap is Dead

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