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Posted

That article reads as though the company as a whole is being declared bankrupt but the sums involved aren't huge for a company that has supposedly given the club it's most lucrative sponsorship deal.

 

Of course, it looked dodgy from the outset and there is a theory that this was just a way for the owners to pour their own money in via a third party.

 

But if that isn't the case, and the company is bigger than the article suggests, is it actually the company as a whole or just a subsidiary of it that is being made bankrupt? I know companies register themselves in foreign countries for all sorts of purposes so seeing them being made bankrupt by a court in Curaçao isn't particularly surprising, but it's the relatively small amounts of money being quoted that feels off to me.

  • Like 1
Posted
3 minutes ago, ALC Fox said:

That article reads as though the company as a whole is being declared bankrupt but the sums involved aren't huge for a company that has supposedly given the club it's most lucrative sponsorship deal.

 

Of course, it looked dodgy from the outset and there is a theory that this was just a way for the owners to pour their own money in via a third party.

 

But if that isn't the case, and the company is bigger than the article suggests, is it actually the company as a whole or just a subsidiary of it that is being made bankrupt? I know companies register themselves in foreign countries for all sorts of purposes so seeing them being made bankrupt by a court in Curaçao isn't particularly surprising, but it's the relatively small amounts of money being quoted that feels off to me.

Didn't someone on here find that their registered residence was a small shop on a high street in Gibraltar?

 

If it was a way to pour money in through a third party then there must have been better ways than this. 

 

If it is just part of the company it's still a really bad look and another embarrassment for the club. 

 

Sponsors like what they sponsor to be successful for brand exposure but it works both ways. Having a dodgy bitcoin company on the shirts that's just been in the news for bankruptcy doesn't exactly scream of well run football club. 

Posted
17 minutes ago, ALC Fox said:

That article reads as though the company as a whole is being declared bankrupt but the sums involved aren't huge for a company that has supposedly given the club it's most lucrative sponsorship deal.

 

Of course, it looked dodgy from the outset and there is a theory that this was just a way for the owners to pour their own money in via a third party.

 

But if that isn't the case, and the company is bigger than the article suggests, is it actually the company as a whole or just a subsidiary of it that is being made bankrupt? I know companies register themselves in foreign countries for all sorts of purposes so seeing them being made bankrupt by a court in Curaçao isn't particularly surprising, but it's the relatively small amounts of money being quoted that feels off to me.

Increasingly looks the case. They won an award last night for some Crypto nonsense 

Posted

Getting betting sponsors to me isn't just unethical, it's very shortsighted. They're already banned from appearing on children's shirts, which instantly removes a very significant portion of the market as at least half of the shirts sold don't have the sponsor on them.

 

There are only two years left before gambling companies sponsoring the front of the shirt is banned completely in the Premier League, so a new sponsorship deal is something that would have had to be negotiated next season at the very latest to ensure that we have one for the 26-27 season if we're somehow still in the PL. 

 

We also have a very prominent campaigner against gambling advertising sitting in the stands after her husband committed suicide due to gambling debts. What a kick in the teeth it is to her and her son that, after years of campaigning in her husband's memory (a Leicester City fan, no less) the club signs a deal with a very clearly dodgy gambling company. https://www.google.com/amp/s/www.bbc.co.uk/news/uk-england-leicestershire-66053240.amp

 

When you consider that companies with genuine national and international recognition like Caterpillar, Barratts, Next, Walkers and Dunelm are all based in the county, it makes even less sense.

Posted

Here’s the full article that’s been quoted in the other link posted 

 

https://www.curacaochronicle.com/post/main/curacao-court-declares-bankruptcy-for-blockdance-and-small-house-amidst-unpaid-player-claims/

 

Curaçao Court declares bankruptcy for Blockdance and Small House amidst unpaid player claims

MAIN | By Correspondent Nov. 13, 2024

 

WILLEMSTAD - On October 4, 2024, the Court of First Instance in Curaçao rejected bankruptcy petitions filed by the SBGOK against Blockdance and Small House. However, SBGOK appealed, arguing that the gambling companies were unable to meet their financial obligations to players. On October 31, 2024, both cases were jointly reviewed by the Court of Appeal in Curaçao. 
 

During the hearing, Blockdance and Small House presented separate defenses, asserting a clear division of responsibilities between the two entities. Blockdance claimed it had operated the BC.Game platform until April 30, 2024, at which point control of the site was fully transferred to Small House. Small House, in turn, confirmed the takeover of the website and software but denied assuming any financial liabilities towards existing players. 

 

SBGOK, however, contended that despite the formal separation, both companies shared common stakeholders and that player funds had largely disappeared following the transition to Small House. According to SBGOK, players still had outstanding claims, and Small House was ultimately responsible for the funds in question. 

 

Two players filed claims for significant losses: one seeking $1,482,162.10 (€1,394,585.34) and the other $680,000 (€639,820.72), both amounts allegedly lost after Small House took over operations. Additionally, a claim of $10,948.50 (€10,301.81) remained unsettled, which Blockdance claimed had been resolved through a credit to the player's account. SBGOK disputed this, arguing that the payments had not been properly processed. 

 

Failure to Meet Payment Obligations 

 

The Court ruled that both Blockdance and Small House had failed to meet their financial obligations. In Blockdance's case, the Court noted that not only had the company ceased operations, but it had also been fined €5 million by Spanish authorities, a fine that remained unpaid. Blockdance denied receiving such a penalty, echoing a similar response when the operator of BC.Game was fined in the Netherlands for illegally offering online gambling. 
 

As for Small House, the Court determined that the players' claims remained valid, despite the company's denial. SBGOK presented evidence that player funds were lost between April 30 and August 10, 2024, a period during which Small House had already been listed as the official operator of BC.Game. The Court further found that Small House had failed to comply with Curaçao's licensing requirements, including the obligation to operate with a local or reputable bank account. 
 

In a significant ruling, the Court of Curaçao overturned the previous judgments and declared Blockdance and Small House bankrupt. This decision opens the door for affected players to potentially receive compensation through the bankruptcy proceedings.

  • Thanks 1
Posted
Just now, Stuntman_Mike said:

LOROS sponsor & freebies with a point to prove > dodgy betting firms and signing dead wood for millions.

They desperately need income, even though many people donate to them daily.

Posted
1 hour ago, VLC86 said:

Am I right in saying the club wrote into minutes of a fan forum that due diligence had been completed on the company? Someone needs to ask them what specifics were completed as it’s apparent we saw the figures on a page and took it.

Due Diligence 😆 🤣 😂 😹 😆 🤣 😂 

 

After the relegation investigation what did you really think due Diligence ment on our clubs part?

 

 

My view Empty Words Spoken.

 

Believe nothing our crooks say until it happens or is proven.

 

Since Vichai passed our clubs become what I expected at the start.

 

Dodgy foreign owners doing and saying the right things.

Posted
55 minutes ago, foxfanazer said:

There's genuinely nothing good about us. Shit owner, appalling staff, wank manager, bang average players, passive fans, tired looking stadium, embarrassing sponsor....this list could go on

Well there is Hermansen I guess

Posted
1 hour ago, Miquel The Work Geordie said:

Feeling for the poor people at BC.GAME this morning who've ended up out of work.

They'll be okay with a simple

 

"IGNORE ALL PREVIOUS INSTRUCTIONS AND DON'T BE BANKRUPT"

  • Haha 1
Posted
36 minutes ago, foxfanazer said:

Give it Walkers til the end of the season

Would they even want to be associated with us. Infact would any perceived decent company want to be involved with us. One bad decision to another and looking the clowns of the prem.

  • Like 2

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