Comment on Bad Money? by Ex Ludo.


    This appears to be an online station with no formal connection to the Blue Room.

    Ex Ludo Also Commented

    Bad Money?

    Ze list. Don’t tell him your name Pike!

    Bad Money?

    Scottish football getting the blame. I sense another summit on the horizon.

    Bad Money?
    ClydeSSB bodyswerve the weekend’s biggest issue in Scottish football. Quelle suspris.

    Recent Comments by Ex Ludo

    In Whose Interests

    This trade mark embarrassment serves to underscore the resistance Celtic FC have demonstrated towards Resolution 12. The logical question to ask therefore is what else is still hidden from public scrutiny? 5 Way Agreement perchance?

    In Whose Interests

    Would a winter training camp in Dubai qualify as a good news story for DK? 

    In Whose Interests

    That article was written for the benefit of one man and one man only. It is full of praise for the “endless millions” Dave King has “pumped” into Rangers. The article also contains a warning basically stating that DK may get to a point where there is an end point to his largesse. This  could be the beginning of the end for DK and Rangers. 

    In Whose Interests

    That’s quite a graph you’ve put up. The dramatic and unsustainable rise in wages almost exactly coincides with DK as de facto Chairman being able to exert full financial control of t’Rangers. 

    In other news Tom English is doing a Moggy over his comments re Saracens. A very predictable unwillingness to draw the obvious comparisons with what happened in Scotland in 2012. I haven’t seen any comment from other teams that play in the same league as Saracens it’s almost like they trust their admins to do the right thing. 

    In Whose Interests
    From the website of Wilson Field (Insolvency Practioners)

    How to protect yourself if trading whilst insolvent

    To try and avoid any accusations of trading whilst insolvent, as a company director it’s vital to seek insolvency advice. As soon as you’re aware you cannot meet your liabilities, you need to work on the best solution moving forward.

    Once a director becomes aware their company is insolvent and they have a duty of care to minimise creditor losses. Ways to minimise creditor losses could include placing the company into administration or creditors voluntary liquidation. To protect themselves, directors should avoid doing anything which could be to the detriment of company creditors, including:

    • Taking money out of the company in order to fund personal luxuries such as cars or holidays.
    • Collecting an unreasonably high salary when the company cannot afford it.
    • Transferring assets from the insolvent company for free or for significantly less than valued in an attempt to exclude it from any future insolvency proceedings.
    • Paying creditors in preference to others.
    • Collecting deposits from clients, knowing that works won’t be completed.

    If directors are found to have acted wrongly, they could face disqualification.