Is there a solution that would bring an immediate end to the transfer embargo?

[BLUEAWAY]

Can it be bought off?

[Hilts]

Re: Is there a solution that would bring an immediate end to the transfer embargo?

Doesnt seem so. More concerning is future and extended embargos if we are late with the next installments.

[BLUEAWAY]

Re: Is there a solution that would bring an immediate end to the transfer embargo?

Doesnt seem so. More concerning is future and extended embargos if we are late with the next installments.

Presumably that would be avoided if we pay on time.

[jon1959]

Re: Is there a solution that would bring an immediate end to the transfer embargo?

Doesnt seem so. More concerning is future and extended embargos if we are late with the next installments.

Presumably that would be avoided if we pay on time.

Does anyone have any idea when the next installment is due?

Is it one year after the first payment, if the payment clock was reset after all the appeals, so second payment in January 2024 and final payment in January 2025?

Or are all the fee installments to Nantes overdue?

The original transfer agreement from January 2019 was based on three annual payments which should have been done by January 2022 - I think?

No one from the club, the local media, the EFL or FIFA has made a clear statement on this.

[Ninian1962]

Re: Is there a solution that would bring an immediate end to the transfer embargo?

Can it be bought off?

The only way to get the embargo lifted is to persuade the EFL board of directors to reverse their decision to keep the embargo in place even if CCFC pay the remaining transfer fee instalments. The club are trying to do this but the very dodgy Peter Ridsdale is one of those board members and he has a grudge against the club.

The grudge came about after PR left the club, having just paid himself through his consultancy company W H Sports Ltd. a £500k share bonus for getting the new stadium planning permission (he actually took the bonus before the planning was formally granted). When WH Sports went into liquidation owing many hundreds of £000s to HMRC , the shares were missing from his sworn statement of assets and liabilities. The liquidator of the company them did some investigation work and made enquiry of CCFC who were duty bound under the law to provide him with dates and amounts details about the shares PR had received . It resulted in the liquidator taking legal action against PR and eventually recovering about £250k in cash from him.

In addition to having to pay back the money PR`s conduct was reported on by the liquidator and he was disqualified by the court for 7 years as being unfit to be a director or involved in the management of a limited company. ( don`t start me off on why he continued as such at PNE by just changing the name of his role to "advisor to the owner" or why the EFL then considered him fit to be one of their main board directors after his disqualification period ended).

So CCFC`s information to the liquidator which, as I said, they were obliged to provide, got PR into trouble and he is likely to do anything he can to cause trouble for the club - including recently acting as a witness for Sam Hammam in his legal action against the club.

Allegedly, CCFC have also written to PR recently requesting that he desist from "leaking" confidential information that he receives about CCFC and its legal actions in his role on the EFL board.

[chrisp_1927]

Re: Is there a solution that would bring an immediate end to the transfer embargo?

The only way to get the embargo lifted is to persuade the EFL board of directors to reverse their decision to keep the embargo in place even if CCFC pay the remaining transfer fee instalments. The club are trying to do this but the very dodgy Peter Ridsdale is one of those board members and he has a grudge against the club.

The grudge came about after PR left the club, having just paid himself through his consultancy company W H Sports Ltd. a £500k share bonus for getting the new stadium planning permission (he actually took the bonus before the planning was formally granted). When WH Sports went into liquidation owing many hundreds of £000s to HMRC , the shares were missing from his sworn statement of assets and liabilities. The liquidator of the company them did some investigation work and made enquiry of CCFC who were duty bound under the law to provide him with dates and amounts details about the shares PR had received . It resulted in the liquidator taking legal action against PR and eventually recovering about £250k in cash from him.

In addition to having to pay back the money PR`s conduct was reported on by the liquidator and he was disqualified by the court for 7 years as being unfit to be a director or involved in the management of a limited company. ( don`t start me off on why he continued as such at PNE by just changing the name of his role to "advisor to the owner" or why the EFL then considered him fit to be one of their main board directors after his disqualification period ended).

So CCFC`s information to the liquidator which, as I said, they were obliged to provide, got PR into trouble and he is likely to do anything he can to cause trouble for the club - including recently acting as a witness for Sam Hammam in his legal action against the club.

Allegedly, CCFC have also written to PR recently requesting that he desist from "leaking" confidential information that he receives about CCFC and its legal actions in his role on the EFL board.

This is so unbelievable it's hilarious. How that man is on the EFL board of directors is insane. Guessing he shared his dodgy wealth with a few officials

[Ninian1962]

Re: Is there a solution that would bring an immediate end to the transfer embargo?

This is so unbelievable it's hilarious. How that man is on the EFL board of directors is insane. Guessing he shared his dodgy wealth with a few officials

I should have clarified.

The share bonus issue is recorded in the relevant Cardiff Council committee minutes and the hiding of assets and disqualification matters are recorded in the liquidator`s reports filed on the public record at Companies House. PR`s change of job title as his effort to get round his disqualification is available to read online. Neither PNE nor the EFL seem to have acted on this even though the Company Director Disqualification Act and the EFL rules say that this is not an acceptable way to get around the disqualification.

[Hilts]

Re: Is there a solution that would bring an immediate end to the transfer embargo?

Peter Ridsdale aside( it is a total joke hes on the board of directors) the embargo due to the late payment lies 100% with those running the club.

Just another act of complete incompetence from them.

[The Lone Gunman]

Re: Is there a solution that would bring an immediate end to the transfer embargo?

This is so unbelievable it's hilarious. How that man is on the EFL board of directors is insane. Guessing he shared his dodgy wealth with a few officials

19 of the 24 Championship clubs voted for him when he was up for election.

[Carl Dale's Mole]

Re: Is there a solution that would bring an immediate end to the transfer embargo?

The only way to get the embargo lifted is to persuade the EFL board of directors to reverse their decision to keep the embargo in place even if CCFC pay the remaining transfer fee instalments. The club are trying to do this but the very dodgy Peter Ridsdale is one of those board members and he has a grudge against the club.

The grudge came about after PR left the club, having just paid himself through his consultancy company W H Sports Ltd. a £500k share bonus for getting the new stadium planning permission (he actually took the bonus before the planning was formally granted). When WH Sports went into liquidation owing many hundreds of £000s to HMRC , the shares were missing from his sworn statement of assets and liabilities. The liquidator of the company them did some investigation work and made enquiry of CCFC who were duty bound under the law to provide him with dates and amounts details about the shares PR had received . It resulted in the liquidator taking legal action against PR and eventually recovering about £250k in cash from him.

In addition to having to pay back the money PR`s conduct was reported on by the liquidator and he was disqualified by the court for 7 years as being unfit to be a director or involved in the management of a limited company. ( don`t start me off on why he continued as such at PNE by just changing the name of his role to "advisor to the owner" or why the EFL then considered him fit to be one of their main board directors after his disqualification period ended).

So CCFC`s information to the liquidator which, as I said, they were obliged to provide, got PR into trouble and he is likely to do anything he can to cause trouble for the club - including recently acting as a witness for Sam Hammam in his legal action against the club.

Allegedly, CCFC have also written to PR recently requesting that he desist from "leaking" confidential information that he receives about CCFC and its legal actions in his role on the EFL board.

:yikes:

Incredible.

Thank you for this!

Hilarious that this can be allowed to happen. Hilarious but not surprising.

[BLUEAWAY]

Re: Is there a solution that would bring an immediate end to the transfer embargo?

:yikes:

Incredible.

Thank you for this!

Hilarious that this can be allowed to happen. Hilarious but not surprising.

A great response but is the PR vote / action fact or supposition?

[fugsyphil]

Re: Is there a solution that would bring an immediate end to the transfer embargo?

What's his grudge

[Ninian1962]

Re: Is there a solution that would bring an immediate end to the transfer embargo?

19 of the 24 Championship clubs voted for him when he was up for election.

You are quite right Dave.

Interesting though that clubs in which he had previously had an involvement were in the 5 who didn`t vote for him and that in his election application to clubs he "forgot" to mention his disqualification as a director.

[Ninian1962]

Re: Is there a solution that would bring an immediate end to the transfer embargo?

What's his grudge

See the detailed explanation set out earlier in this thread

[fugsyphil]

Re: Is there a solution that would bring an immediate end to the transfer embargo?

Duplicate post