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Former Billericay owner Glenn Tamplin takes over Romford FC

StephenMac said:
Still a non league club, who's fans have largely been decent to us, being fucked over. I don't take any pleasure from that
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I'm sure there's loads of decent fans there and of course I have some sympathy with them, but there were some right fucking twats too who turned up for the paid-up success. I won't forget the hordes streaming out of their ground with 20 mins to go when we turned them over, or the lippy fuckwits I encountered on the way back to the station.

I gave up on Cardiff City because a super rich twat had ruined the club so I won't be crying tears at the spectacle of another failed attempt at buying success by another bigmouth millionaire, who trashed Hamlet's chance of winning their league. And there were plenty of supporters from other non league clubs who hated what Billericay turned into.

I'm glad it turned to shit. That way, maybe the next millionaire with a king sized ego will think twice before declaring himself the saviour of another non league team and fucking things up for both the club and the league.
 
editor said:
'm glad it turned to shit. That way, maybe the next millionaire with a king sized ego will think twice before declaring himself the saviour of another non league team and fucking things up for both the club and the league.
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That won’t happen. What might happen is fans realising that fast money into a club is usually bad money into a club. And perhaps that the best defence against that is proper mutual ownership and governance structures.
 
HELVETICVS said:
Can confirm.
The Queen's lawyers are proving more expensive than The Veiny One had thought.

Times are hard in Lower Essexshire
(and the bling was just gold plating, with no depth to it)



From the 25 Oct. 2018 Filing of the Liquidator, in re AGP Steel Structures Ltd
[Co.Reg.No.: 07687645]
AGP STEEL STRUCTURES LIMITED - Filing history (free information from Companies House)


Antecedent Transactions, made to Creditors without a Validation Order provided by the Court, are a big problem. Doing so without an Order means that Transactions can be Voided and the Liquidator can seek the repayment of Voidable Transactions.

This has hit The Veiny One hard over the Autumn.

One imagines nothing was budgeted for, as regards Personal matters...knowing the Gentleman's Legendary Arrogance...and leathery hide.

As follows :
p.1 £54k to be repaid from a related Company under GT's Control
View attachment 155185

p.2 £39k to be repaid from rent unlawfully paid to GT
p.2 £9.5k to be repaid from salary unlawfully paid to Directors [GT]
View attachment 155186

p.2 £58k to be repaid from monies unlawfully paid to the Council
p.2 £substantial Antecedent Transaction with unnamed Creditor [GT]
View attachment 155187


Appendix C, p.11 briefly summarises the foregoing :
View attachment 155188

The Antecedent Transactions did 3 things :
1) opened up such Transactions to being Voided by the Liquidator
2) opens the prospect of 'Discovery' as to all Transactions for 2 years prior to Liquidation
3) potentially strips the Directors of the benefit of the legal principle of Limited Liability

Number 3 is the most significant.


Overview :
Antecedent Recoveries

The Meaty Bits from the Manual :
PREFERENCES
TRANSACTIONS AT AN UNDERVALUE
OTHER ANTECEDENT RECOVERIES

It is, therefore, somewhat unsurprising that The Veiny One cannot be found for comment,
- is it, Mark Baker ?

Hey, GT - because I know that this will get back to you...
ALEA JACTA - TRANS FLVMEN RVBICONEM


A TDF is supposed to be left in TDF Blu.
You do not put a Cavallino into a plastic strait-jacket, you Heathen.
That, darling, was when it became something of a personal matter.
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#3 is indeed the killer for this kind of wind up action -from my rubbish recall of this kind of event, the actions of the responsible directors in this scenario will likely be scrutinised very closely to ensure they acted properly in the lead to the implosion. not something that happens every day with wind ups to be honest
 
B.I.G said:
So we come back home and you lot want to talk about Billericay rather than the big news....
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Er, except I talked about the 'big news' during the game, after the game and then posted up a match report with 40 photos and then shared it on FB and tweeted it to 25k followers.

Yes, great point well made sir. :facepalm:

Why shouldn't we talk about Billericay losing 5-1 anyway? Given the hype surrounding the club, I'm sure we won't be the only non league forum to find it of interest, but if you're not interested, read another thread. Problem solved!
 
editor said:
Er, except I talked about the 'big news' during the game, after the game and then posted up a match report with 40 photos and then shared it on FB and tweeted it to 25k followers.

Yes, great point well made sir. :facepalm:

Why shouldn't we talk about Billericay losing 5-1 anyway? Given the hype surrounding the club, I'm sure we won't be the only non league forum to find it of interest, but if you're not interested, read another thread. Problem solved!
Click to expand...

Um

You are Steve McKimm and I claim my five pounds.
 
scousedom said:
That won’t happen. What might happen is fans realising that fast money into a club is usually bad money into a club. And perhaps that the best defence against that is proper mutual ownership and governance structures.
Click to expand...
Unless the fans decide it’s not a model for them after all like at Pompey...
 
Statement from BTFC "Chairman" Dan Groves today on their website.

A message from Dan Groves
by James | Dec 30, 2018 | Club, Events, Fans, First Team | 0 comments

IMG-20181230-WA0002.jpg

After speaking with our supporters at recent matches I would like to make the following statement.

Firstly Glenn has asked me to let you all know that he is currently in America having treatment for burnout but is in constant contact with me in helping with the current restructuring at the club.

Glenn has invested significant time and money since taking ownership of the club and he remains committed to continue with the progress made to date. The facilities the club now have are amongst the best in non league football and we have put the club in a strong position going forward for many years. We have recently had to make changes in order to restructure the club to get a balance in the finances. Glenn is still continuing to finance the club from his own personal wealth, but it needs to come to a point where it can survive within its own means. This is something we have always said we would strive to achieve.

To this end the club is in the process of forming a board including local businessmen and investors who will meet on a regular basis and form a business plan and make decisions in the best interests of the club to ensure that it is sustainable and has a solid footing going forward.

With regards the team, we recognise that recent changes have had an affect on results, but these changes were required and we firmly believe that we still have a very strong squad to compete in the National League South and that once we finalise the squad restructure the team will settle down and the results will come our way.

Our loyal supporters have continued to support us and we are very grateful for your understanding and we wish to reassure you that everything being done is in the best interests of the club. The continued support from you all is key to us in our mission to continue in the dream of one day making it to the football league.
It was never going to happen overnight but we have made big strides so far and we look forward to many more good times going forward.

I am always available to talk to you so if you have any questions please come and speak to me and don’t always believe what you read in the papers. We will be having a fans forum at the end of January and it will be our intention to hold one every quarter going forward.

If there are any significant statements to make we will keep our fans involved as always.

See you all at the AGP on Tuesday!!!

Dan Groves

Chairman

Billericay Town FC
 
HELVETICVS said:
Well, the Liquidator's words are best to look at - in the attached images embedded in post.

But - TL,DR :

Tamplin paid £54k to an associated Company during a period proscribed by law.
Tamplin paid himself £39k in rent, unlawfully according to the Liquidator.
Tamplin paid himself £9.5k in salary, unlawfully according to the Liquidator.
Tamplin paid a "substantial" amount to an unnamed Creditor; unlawfully so, according to the Liquidator.

The Liquidator's Allegations of Unlawfulness have meant that those Transactions, totalling in excess of £100k, have been Unwound by the Liquidator and Tamplin has had to pay them back to the Liquidator.

Remember, the Report was written in October and the sums will now have been paid.
It's those unexpected payments becoming due which have sucked Capital away from BTFC and precipitated a purge amongst the Contracted Playing Staff.

The foregoing is a more plausible explanation than a mid-season switchover to Full Timers, en masse.

Frankly, that's just bullshit for the masses.

It appears that they've swallowed it, because the Liquidator's report is...well, written by an Insolvency Practitioner.

Bottom line, six-figures already paid. Another six-figures will have to be paid.
Or, Chase Meadows [that filth-pit of excess from the photos] will be sold for Recovery.

Because the Liquidator's Allegations are, ipso facto, proven by a simple fact of the dates involved, every outward-bound payment that Company has made can be Unwound by the Liquidator.

The Transactions can be Unwound in all cases where the Liquidator believes them to have been dubious and this can go back for a substantial period within the company's lifetime.


Because Tamplin is trying to/tried to fight/argue back, he will have accrued further Costs.

The Costs will apply to both the Liquidator and Tamplin's lawyers.
He is using the Queen's lawyers for his Corporate Affairs.

He cannot afford to do so.

He is looking at even more losses to stop up on this company.
More than he expected, more than his personal budgeting would have accounted.
The money planned to continue covering BTFC losses, 'until a new owner was to be found', dried up - with more likely to be taken by the Liquidator.

The money which went into BTFC from The Veiny One was Loans, not Equity.
If they owe anyone outside of their own little bobble-hat clique more than £750, then BTFC are very likely to be Petitioned and Wound Up. VERY LIKELY INDEED.
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Just catching up on this tread: the bankruptcy threshold increased from £750 to £5,000 in October 2015, so do they owe more than £5,000 is the real test.
 
Latest news from the land of the mural

Billericay Town have parted company with manager Dean Brennan.

The National League South side are 13 points adrift of leaders Torquay United and have lost five of their last six league games.

Ricay are now looking for their third manager of the season after axing Harry Wheeler in August.

Chairman Daniel Groves said: “This announcement is regrettable, however after a meeting this morning between myself, senior management and Dean it was clear there were differences between us that could not be resolved and it was therefore decided to part ways, whilst this is disappointing, it is the right decision for all concerned.

“We would like to thank Dean and his team for all the hard work and effort they have put into the club and wish them all very best for the future. BTFC will make an announcement regarding the role of manager at the club in the coming days.”

Brennan said: “We have always given our all to BTFC and although disappointed we would like to thank the club for the opportunities they have given Stuart, Myself and my team.

“The supporters have been exceptional and we will miss them. We want to wish the club every success in the National League South”
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Billericay Town sack manager Dean Brennan
 
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