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Bankruptcy (thread closed)

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142125.60 in reply to 142125.53
Date: 4/29/2010 12:35:37 AM
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I see. Definitely with those long term plans I see the benefit.
Back to the main topic of this thread, I see that this team in trouble has opened another thread asking how much Fritelli would sell for and when the transaction is processed, even though it's been clearly expressed to him that he will sell for enough to get him out of bankruptcy and allow him to cut/change his staff. I feel like he's one of those people who like to talk but don't like to listen. Well, can't help those who won't help themselves!

This Post:
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142125.61 in reply to 142125.56
Date: 4/29/2010 1:25:39 AM
Overall Posts Rated:
237237
It would have been the right thing to do but not when he is in bankrupt status. Sacking your staff now pretty much adds another 200k in severance costs which puts him further in the red.

Selling players would be the fastest way to get him out of bankruptcy and once he is on -200k or so he can then safely sack his staff.

To the OP:
Then why threaten to quit?? It seems like a very childish response if your answer to problems is to just quit. You don't put up a good impression nor will you get much sympathy for threatening to to quit and give up rather than to stick your way through it. Especially when you got yourself in that mess.


From: CrazyEye

This Post:
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142125.62 in reply to 142125.57
Date: 4/29/2010 2:51:56 AM
Overall Posts Rated:
959959
Not at that point. Staff don't get paid until Monday so what's the difference between now and Sunday night? Sell players first to see if he makes any money off of them. If he makes enough money to cover severance, then that's the time to get rid of them.

Plus there's training (Trainer) and a game (Doctor) coming up. Wouldn't you want to have your expensive staff for those before the economic update?


mmh it will help on the way back, so it was the best :) And if he pays the salary monday or Saturday makes no big difference because he had to sell anyway ;) But if he don't fire him till monday, he overpays them longer and will be in short time as the same point them today.(and have 3k less then without firing them on monday)

This Post:
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142125.63 in reply to 142125.61
Date: 4/29/2010 3:11:38 AM
Aussie Pride
ABBL
Overall Posts Rated:
546546
It won't make any difference though, the end financial result would be the same. He either pays the severance now or the wages at the update. Either way he will have to pay the same amount this week. I'm assuming that bankruptcy is determined at the financial update and not in between?

Last edited by aussie dude at 4/29/2010 3:13:45 AM

This Post:
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142125.64 in reply to 142125.63
Date: 4/29/2010 4:45:43 AM
Overall Posts Rated:
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you musnt like this game that much i have offered to get him out of debt and even set up his bank account as i need a big man trainee and he never responded to my mail so really he just fishing for attention

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This Post:
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142125.67 in reply to 142125.52
Date: 4/29/2010 8:29:19 AM
Koopasaurus
II.4
Overall Posts Rated:
300300
bigben316 can u please show me what kind of interest you are paying on that -500k debt this week?

I'm interested in what rates we have to pay for a loan from BB.


This Post:
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142125.68 in reply to 142125.67
Date: 4/29/2010 9:12:05 AM
Overall Posts Rated:
173173
I think it has always been 5% interest

This Post:
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142125.70 in reply to 142125.69
Date: 5/1/2010 9:45:47 AM
Overall Posts Rated:
485485
i think it sort of interesting that his difficulty in facing up to debt problems -- doing what must be done, rather ruthlessly -- mirrors current events.

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