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Re: A Scumble speaks

By Taimour (WeHateWombles)30/7/2020 14:56Thu Jul 30 14:56:03 2020In response to Re: A Scumble speaks

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timeline here:

Kelly's argument is that by April 2002, when Khosla finally gets the ground, in a deal brokered by the administrator, he knows about Wombles, who are officially formed in May 2002 and everyone jumps into bed together.

October 2001: According to the report from eventual administrators Begbies Traynor, “the company received a letter from the Inland Revenue demanding repayment of outstanding payroll liabilities of £179,924 within seven days or a winding-up petition would be presented.” Club entered Administration. Manager Bill Williams was sacked.

October 2001: New manager Steve Sedgley. Protracted attempts at a Company Voluntary Agreement (CVA). Led by Nick Hood of Begbies Traynor. Hood splits club from ground.

March 2002: The Kelly consortium bids to take over. Bids more than Khosla for whole entity (ground and club). But Barclays, the leading creditor, insisted on personal guarantees.

15.4.2002 Rajesh Khosla took over.

25.4.2002 Kelly quit as chief executive. Khosla got the ground. But not the club.

2001/2002 Isthmian Premier season.

5.2002 Scumbles formed.

Season 2002/2003 Ks started season late in September. Scumbles are tenants.

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