Dont know if this helps explain what is happening but:
One of the many suggestions that have been put forward to try and get the country out of the perceived financial mess it is in, is to increase the effeciency of the tax services.
One theory states that approximately one-third of all taxes are uncollected, and rather than cut back tax officials, the Government should employ more tax officials, especially inspectors, to try and claw this missing money back. It is estimated that these missing taxes amount to several hundreds of billions of pounds.
Now I know no more of the situation than anyone else on this forum, and I havent received my explanatory letter yet, but it could be that the Winding Up Petition is in reality a "warning shot" from the tax office, who are under instructions to try and get as much known unpaid tax back as possible. They are saying "Get your house in order and at least enter dialogue with us or we get serious".
It is not in the HRMC's best interests to close the club (unless in a "encourage the others" sort of way), as we have very few assets with much resale value. It is not our ground, ergo HMRC cannot take it away from us.
I would like a better statement from the club, as to exactly how much is owed.
However, I appreciate that the club cannot make any long term plans until after the hearing, and then once the facts and figures are laid bare, then I suspect that is when the auction, quix nights, all other money raising events, ideas will be bought to this forum.
For a Club like Welling who don't own their ground one of their assets, perhaps even their major asset has to be its supporters and never more so than when faced with a situation such as became apparent this morning.
Jamie has brought together a squad which I would suggest is probably the one with the most potential that I have seen at PVR and I sincerley hope that we can overcome this crisis with the team intact.
My message to all fellow supporters is that we need to remain positive and let Jamie, his management team, the players and the Club know that we are behind them.
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YOUTH are the future
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"The worst thing you can do is make a committment and not meet it and I understand that." Barrie Hobbins 14 August 2010
How many people knew of a potential sale? Not many I'd suggest. The prevailing ethos has always been that we support 'their' club, which would seem to be borne out but the fact the information has only come out at a point of last resort.
I don't see how that situation could persist if general fund raising effort was required. Bearing in mind it was oft quoted that they would fold the club rather than go in the Ryman I can quite see our situation being more akin to Gaydamak than Southend or Cardiff.
It is a merry mess that we all need more information on if we are to assist, however I have no illusions a solution will be easy.
Bexley will be looking to make 20-25% savings so I can't see this being high on their list of priorites. I certainly doubt that thay would want to throw any money at us. It is also a situation that is not of their making. Their only worry wouild be loss of income from the rent/Council tax.
I suspect that we are in this on our own.
I must admit that I think Stafford make a good point above. The fact that none of us seem to have any idea that this was coming is disapointing. I wonder if Jamie and the players knew. Would they all have signed if they knew?
I believe some decent cup runs would be very important now. Just a thought, isn't the reopening of the clubshop on Saturday going to be a rather odd affair, what with the chairman presiding over the reopening? 'Where's the money gone?' etc.
I know we can all pick holes in the way that the Club has been run - the lack of a commercial department being one example. However I have loads of sympathy with the Hobbins. This must be a really tough time for them. This is their livelihood. The fact that they may have wanted to downgrade their home is probably an indication of how tough it is for them.
I hope we can all pull together to get us out of this mess.
But we must have the full story given to us about what the situtaion is. We can't be asking people to support the club financially if they don't know the full facts.
One way to save money would have been to email season ticket holders the letter rather than paying postage on a 100 odd letters.
-- Edited by chelwing on Thursday 12th of August 2010 03:03:20 PM
A substantial fact which was not included in the press release is that this week the club have paid HMRC £30,000 (from the pre season revenue) which forms a significant contribution to the outstanding debt.
__________________
YOUTH are the future
****
"The worst thing you can do is make a committment and not meet it and I understand that." Barrie Hobbins 14 August 2010
Thanks Bruno - do we know how much more is owed? Will this be enough for HRMC to drop their proceedings?
It can only go in our favour that we have made this effort to pay this substantial amount of money. It shows willingness to comply and any Court is likely to view this favourably.
A substantial fact which was not included in the press release is that this week the club have paid HMRC £30,000 (from the pre season revenue) which forms a significant contribution to the outstanding debt.
Incredible news.
Do we now what is left to pay.
Also, and this probably the single most important fact of all, are HMRC the only creditor. We need this in the open, as all other normal creditorS of the club may read the fact that HMRC are taking us into a hearing, think that other creditors are acting with HMRC and claim preferred creditor status, and panic. At which point they all ask for payments of normal debts at once and all it needs is one of them to get jumpy and also drag us into small claims court, well we can all see how this could end.
I know we can all pick holes in the way that the Club has been run - the lack of a commercial department being one example. However I have loads of sympathy with the Hobbins. This must be a really tough time for them. This is their livelihood. The fact that they may have wanted to downgrade their home is probably an indication of how tough it is for them.
I hope we can all pull together to get us out of this mess.
But we must have the full story given to us about what the situtaion is. We can't be asking people to support the club financially if they don't know the full facts.
One way to save money would have been to email season ticket holders the letter rather than paying postage on a 100 odd letters.
-- Edited by chelwing on Thursday 12th of August 2010 03:03:20 PM
I know we can all pick holes in the way that the Club has been run - the lack of a commercial department being one example. However I have loads of sympathy with the Hobbins. This must be a really tough time for them. This is their livelihood. The fact that they may have wanted to downgrade their home is probably an indication of how tough it is for them.
I hope we can all pull together to get us out of this mess.
But we must have the full story given to us about what the situtaion is. We can't be asking people to support the club financially if they don't know the full facts.
One way to save money would have been to email season ticket holders the letter rather than paying postage on a 100 odd letters.
-- Edited by chelwing on Thursday 12th of August 2010 03:03:20 PM
agree
please no digs in that direction
You do not find out how you are going to solve the problem without first examining all parts of the problem. Life is not easy running a club of this size at any time, let alone in the current economic climate.
I am fully aware this is their livelihood but it is obviously not working for them either at the moment. It is not a dig to point out that stances that may have proved sustainable when you are not in the shiddle rapidly cease to be so when the boat has a neutron star growing in the hull.
They obviously do not currently have an evident path out of this now otherwise this wouldn't have happened, I'm presuming they do want a path out that doesn't involve liquidation and that is going to involve doing things that couldn't or wouldn't have been done before..... otherwise, logically, they would have done them.
It is not a dig to point out that stances that may have proved sustainable when you are not in the shiddle rapidly cease to be so when the boat has a neutron star growing in the hull.
It is not a dig to point out that stances that may have proved sustainable when you are not in the shiddle rapidly cease to be so when the boat has a neutron star growing in the hull.
Any chance of a translation into English?
Neutron star = f.big hole sucking everything in it Boat= large item that floats on something less dense than it (you?) Stance=something buses depart from shiddle=**** (my stars before they get subbed anyway) Hull= person up an Emu's backside!
A Petition to wind up the above-named Company, Registration Number 02584003, of The Ground, Parkview Road, Welling, Kent DA16 1SY, presented on 6 July 2010 by the Commissioners for HM Revenue and Customs, of Bush House, Strand, London WC2B 4RD, claiming to be Creditors of the Company, will be heard at the Royal Courts of Justice, Strand, London WC2A 2LL, on 25 August 2010, at 1030 hours (or as soon thereafter as the Petition can be heard).
There is no doubt that this news has come as a major bombshell to all of us supporters. Although everyone knew that budgets were tight, I'm sure that none of us would have guessed the sort of figures that are revealed in the club's letter to season ticket holders.
I can understand that some supporters are reluctant to part with cash without further details of the circumstances but time is of the essence. I think this is the time that we, the fans, need to stand up and be counted. I have supported the club for over 30 years and in that time I have never known the Hobbins to ask for donations of money from the supporters as they are doing now.
My guess is that the only way to stop the winding up petition from progressing into a winding up order is for all or most of the debt to HMRC being paid by the club before the hearing on the 25th. With no immediate buyer for the club in prospect, it seems that the best chance of making such a payment will be if the fans are prepared to come to its assistance. I see that there are over 700 registered members on this forum. Even if 10% or so of these are not Wings supporters, this still leaves over 600 who are. If the great majority of these were to make a donation within the next few days of the highest sum they could pay without missing it, I'm sure this would be enough to clear a large percentage of the debt. I realise for many it's a bad time for this to be happening but I'm sure none of us want Welling to be the next Kings Lynn (wound up) or Northwich (long term administration and relegated several divisions).
I think it's time for us to stand up and be counted. A four figure gate on Saturday would help. Jamie has put together the best squad we have had for years and with less travelling, more local derbies and fewer clashes with Charlton the club can expect to find this season easier financially.
Let's all help in getting over this hurdle and we can still have a great season.
I have little doubt we can do this but we need to know the extent of the problem. I will donate money but in order to set a target we need to know what is owed.