| Peterborough on the verge of administration 08:31 - Mar 29 with 3309 views | MaySixth |
as are
Morecambe
Huddersfield
Wigan
Rochdale |  |
| |  |
| Peterborough on the verge of administration on 08:33 - Mar 29 with 3276 views | Metal_Hacker |
Really ....but are they ? |  |
| |
| Peterborough on the verge of administration on 08:37 - Mar 29 with 3216 views | FrimleyBlue |
Huddersfield just got a new American owner. |  |
| |
| Peterborough on the verge of administration on 08:42 - Mar 29 with 3172 views | Herbivore |
Are Peterborough on the verge of administration or has the separate company that owns the ground run into difficulties caused by the owners falling out? |  |
| |
| Peterborough on the verge of administration on 08:56 - Mar 29 with 3041 views | GeoffSentence |
| Peterborough on the verge of administration on 08:42 - Mar 29 by Herbivore |
Are Peterborough on the verge of administration or has the separate company that owns the ground run into difficulties caused by the owners falling out? |
The owners have fallen out over unpaid loans, and the property company has been put into receivership to recover those loans
https://www.peterboroughtoday.co.uk/sport/football/peterborough-united/peterboro
So it looks Posh are going to be in a bit of financial trouble. Pretty urgent for them to get promotion I would imagine. |  |
| |
| Peterborough on the verge of administration on 08:59 - Mar 29 with 3007 views | CityBlue |
not the football club. They were careful to keep both separate - although it now opens the door to Taylor offers. |  |
| |
| Peterborough on the verge of administration on 09:53 - Mar 29 with 2711 views | Pinewoodblue |
| Peterborough on the verge of administration on 08:59 - Mar 29 by CityBlue |
not the football club. They were careful to keep both separate - although it now opens the door to Taylor offers. |
This is the statement from the finance company
Yesterday OKR Financial Ltd. has placed London Road Stadium into receivership as a first step toward the recovery of the OKR Financial Ltd. Fund loans across all Peterborough Football Club related entities.
Numerous actions taken by the Club since October 2022, plus the lack of movement in paying any portion of the existing loan at either the Club or the Stadium in almost a year have left OKR with no other option with respect to protection of the OKR Financial Ltd. investors, who have been told by the Managing Partners at the time of the loan that it would be paid in full.
“Attempts to move loans between entities, the addition of new debt, and an attempt to change the ownership structure are all actions that have been taken by Club certain Club directors, which when viewed in their entirety, indicate a lack of willingness on the part of these parties to maintain fiscal responsibility regarding the management of the Club”, said R Stewart Thompson, Managing Partner of OKR Financial Ltd. “It is a shame that this distracts from the good work on the field by the Manager and the team.”
Ideally, this action will culminate in a successful settlement where no further action is required, regarding the multiple loans the Club has outstanding with OKR Financial Ltd.
The football club clearly has loans from OKR, that final sentence suggests the football club could also face similar action. My take is they fell out over not taking our money for Taylor. |  |
| |
| Peterborough on the verge of administration on 09:55 - Mar 29 with 2687 views | chicoazul |
Marcus Evans lurks, biding his time, waiting for his moment. |  |
| |
| Peterborough on the verge of administration on 09:56 - Mar 29 with 2665 views | Pinewoodblue |
| Peterborough on the verge of administration on 09:55 - Mar 29 by chicoazul |
Marcus Evans lurks, biding his time, waiting for his moment. |
Not an impossibility. | |
| |
Login to get fewer ads
| Peterborough on the verge of administration on 09:57 - Mar 29 with 2651 views | LeoMuff |
| Peterborough on the verge of administration on 08:59 - Mar 29 by CityBlue |
not the football club. They were careful to keep both separate - although it now opens the door to Taylor offers. |
Rather crazy they were turning down nearly £2m in Jan then ! |  |
| |
| Peterborough on the verge of administration on 10:13 - Mar 29 with 2492 views | ArnieM |
| Peterborough on the verge of administration on 08:59 - Mar 29 by CityBlue |
not the football club. They were careful to keep both separate - although it now opens the door to Taylor offers. |
I’d be going for their striker too |  |
| |
| Peterborough on the verge of administration on 00:44 - Mar 30 with 1894 views | ClareBlue |
Rochdale is serious. A fan I know is saying the end is coming for them as a full time pro club. |  | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
