Mick

If he had of said it I can assure you that I would have had the full text and URL tattooed on my chest for future reference. I doubt I'd have missed that one.

With Roeder as manager ? Highly possible. Whats your solution then genius? Sack him now? And then what? Pretty obvious I would have thought. Joyce, Pearson, and Solano can navigate us through to the end of the season with the help of the ubiquitous honeymoon. Meenwhile we actively negotiate with the best managerial talent accross Europe with a view to making a permanent appointment, once the appropriate candidate is freed from his current commitments. Rather delightfully the proccess would not involve Shepherd, as he said that he would step down if he go the last decision (Roeder) wrong. been waiting all night for one of the Roeder kneejerkers to remember this little gem try as I might, I can't find the b****** quote or I would have posted it ages ago I don't think Shepherd ever said that, he said that the next appointment was the most important decision that he'd ever made or words to that effect.

11 months?

They were fine defensively, but going forward Carr and Babayaro were as poor as the rest of them imo. Carr couldn't hit a cows arse with a bango.

I'd rather be a struggling bottom half club with a chance of winning the FA Cup and can offer Premiership football to prospective players or managers than a poxy s*** club who can't fill their stadium and playing the likes of Derby and Preston week in week out You honestly think it would be that easy to come back up? anyone who disagrees, sort your f****** lives out If we don't get relegated then we will play Derby, maybe you both want the same thing.

Last time I'd want to, it's uncomfortable sleeping locked up in the bathroom all night.

I'll go along with that, you seem to know what you're on about.

I wouldn't, I've seen it too many times and although I argue with NE5 about the state of the cub, I wouldn't want to go through that again, that's why I want rid of Shepherd in the first place, to halt the slide.

Spot on. This is the most disillusioned I've felt for a long time. Worse than I felt when Souness was dragging us backwards at an alarming rate. At least under Souness there was the feeling that 'at least one day he'll go and that'll lift everyone' but to see Shepherd give Roeder the job sickened me. This time around there's just no light at the end of the tunnel, the chairman messed it up with Souness, messed it up with Roeder and he'll do it again. While Shepherd's around we will always have a dodgy managerial setup, poor scouting and a cheap defence. We're not even in a position to buy ourselves out of this shit, we can only hope that Owen comes back fit and ready for next season to paper over the cracks that are Newcastle United. We're financially shagged so need to do something about that or we will be the next Leeds, we're heading in that direction. Season ticket sales are going to cause some ripples in the boardroom this year. Did Shepherd say something like the next managerial appointment was his most important just before he was put under pressure by the mountain of text messages from the fans to appoint Roeder, well Freddy, you f**ked up again.

My biggest frustration is that we have no way of turning this around, it looks like we will get more of the same.

It's not worse, Roeder hasn't squandered the crown jewells in the way Souness did although our published financial figures probably make the job even less of an attraction. While this is undoubtably so, the cause of Newcastle's fall from grace is not so much Souness or Roeder, but the fat fool that gave them the chance to do their damage. I can't disagree with that, sadly.

It's not worse, Roeder hasn't squandered the crown jewells in the way Souness did although our published financial figures probably make the job even less of an attraction.

A slim chance is probably closer to the truth.

this is worse. when souness was in charge we lost but looked like we could score a few It's not worse, it's just as bad, the only worse thing about it is that we probably have less faith in getting a better replacement.

No he didn't.

What a shit end to another shit week in the life of Newcastle United. I can't put my anger into words yet, Roeder hasn't got a clue and the person who appointed him needs castrating. Clueless team selection, clueless substitutions which would look more appropriate when reading the Viz. I hope Moore was injured or Roeder should be sacked for making that decision alone. He hadn’t a clue what to do until the fans gave him a nudge and he still got it wrong by taking the wrong players off. He hasn’t got a bastard clue how to change a game in our favour. Roll on his excuses for this shambles. This club will not move forwards with Roeder but we’ll also not move forwards while the person who appointed him and Souness is likely to appoint the successor to Roeder. I really think that Roeder has now lost most of the players, he’s way out of his depth.

Is re-financing not going to bring it's own problems? I would guess that they'll try to bring any debt together into one loan which they'll pay off over a longer period, a longer period will probably cost more as they'll end up paying a higher interest rate, also, interest rates have been increased since the original stadium expansion was carried out, I'm guessing.

No. Even on a very basic level our club can re-finance against future season ticket sales. I would have thought that they could do this but only up to a reasonable limit because season ticket sales are not guaranteed.

I think they're OK as long as they keep paying off the debt. The players could be sold off at some stage if things got too bad, I'm not saying for one minute that this will happen to us, I doubt that it could. I've worked for a company that went into voluntary liquidation before things got too bad, the directors got away without any penalties because they acted in a responsible manner and didn't trade on for too long and they didn't do anything like removing assets from the company. I would think that they could have carried on trading if they knew that they were about to get some kind of financial windfall, I suppose it’s all about acting responsibly.

I've just done a quick google and Wikipedia has this: http://en.wikipedia.org/wiki/Trading_while_insolvent Trading while insolvent In many legal systems, once a company becomes insolvent, the directors have to take particular care. Under UK law, trading while insolvent can trigger several provisions under the Insolvency Act 1986 which may have the effect of making directors of a company personally liable to contribute to the assets of a company. The relevant provisions of the Insolvency Act 1986 include: Wrongful trading - Section 214 Transaction at an undervalue - Section 238 Preferences - Section 239 Extortionate credit transactions - Section 244 Under wrongful trading legislation in the UK, if the company continues to trade while it is insolvent the directors of the company may become personally liable to contribute to the company's assets and help meet the deficit to unsecured creditors if the company's financial position is made worse by the directors continuing to trade instead of putting the company immediately into liquidation. In most legal systems, the liability in respect of other transactions only extends for a certain period of time prior to the company going into liquidation. In the UK, directors are exposed in respect of transaction at an undervalue, preferences, and extortionate credit transactions if the transaction occurred: a) while the company was insolvent; and b) within 2 years before the onset of liquidation if the transaction was with a connected person, and 6 months if the transaction was with an unconnected person. Directors who continue to trade while insolvent may face disqualification under the Company Directors Disqualification Act 1986. Under the provision of this act, when a company goes into liquidation, the liquidator must make a report to the Disqualification Unit of the Department of Trade and Industry on the conduct of all directors. If the liquidator has come across conduct which makes the director unfit to be involved in the management of a company in the future (which things would include trading while insolvent) the DTI will apply to the Court for an order disqualifying the director or directors from acting as a company director for a certain period. Many other countries have similar laws, often referred to as 'insolvent trading' or wrongful trading.

I would have thought any personal liability is small due to the club being a limited company. It's interesting though about trading while insolvent. If a director knowingly trades while insolvent and a creditor is refused payment, he can seek personal recompense from the directors. The 'limited' nature of the company as a seperate legal entity ceases at this point. The Smash Robot will be able to explain it far better than I could. I understand that, I'd never really given it any thought until macbeth raised it and you replied. I wonder if that's why the club are looking to restructure the debt? They could see a problem looming so are trying to reduce debt payments to head that situation off, it's an interesting point.

The only thing comical is the campaign you've just invented, is it a one man thing or is anybody invited?

I would have thought any personal liability is small due to the club being a limited company. It's interesting though about trading while insolvent.

Hopefully yuo will find that your recollection of memory is incorrect. http://www.newcastle-online.com/nufcforum/index.php?topic=37154.msg735298#msg735298 I can't wait for the third version of that post.