Ikon_Klow Posted 17 August 2006 Share Posted 17 August 2006 I noticed the other day that the club has the following charges registered against it at Companies House: Description: FLOATING CHARGE Person(s) Entitled: T-C SPORTS CO., INC Status: Outstanding Created 13/02/2003 Registered 18/02/2003 Description: LEGAL CHARGE Person(s) Entitled: BARCLAYS BANK PLC Status: Outstanding Created 29/04/2003 Registered 14/05/2003 Description: LEGAL CHARGE Person(s) Entitled: BARCLAYS BANK PLC Status: Outstanding Created 29/04/2003 Registered 14/05/2003 Any ideas who T-C SPORTS CO., INC are? Obviously an American company. My guess is that it is linked to the pension fund who loaned us money for the stadium and then got screwed in the admin. Link to comment Share on other sites More sharing options...
Knighton Matt Posted 17 August 2006 Share Posted 17 August 2006 I noticed the other day that the club has the following charges registered against it at Companies House: Description: FLOATING CHARGE Person(s) Entitled: T-C SPORTS CO., INC Status: Outstanding Created 13/02/2003 Registered 18/02/2003 Description: LEGAL CHARGE Person(s) Entitled: BARCLAYS BANK PLC Status: Outstanding Created 29/04/2003 Registered 14/05/2003 Description: LEGAL CHARGE Person(s) Entitled: BARCLAYS BANK PLC Status: Outstanding Created 29/04/2003 Registered 14/05/2003 Any ideas who T-C SPORTS CO., INC are? Obviously an American company. My guess is that it is linked to the pension fund who loaned us money for the stadium and then got screwed in the admin. I presume it is the parent company of Teachers who own our stadium. Link to comment Share on other sites More sharing options...
Fox in a Box Posted 17 August 2006 Share Posted 17 August 2006 I noticed the other day that the club has the following charges registered against it at Companies House: Description: FLOATING CHARGE Person(s) Entitled: T-C SPORTS CO., INC Status: Outstanding Created 13/02/2003 Registered 18/02/2003 Description: LEGAL CHARGE Person(s) Entitled: BARCLAYS BANK PLC Status: Outstanding Created 29/04/2003 Registered 14/05/2003 Description: LEGAL CHARGE Person(s) Entitled: BARCLAYS BANK PLC Status: Outstanding Created 29/04/2003 Registered 14/05/2003 Any ideas who T-C SPORTS CO., INC are? Obviously an American company. My guess is that it is linked to the pension fund who loaned us money for the stadium and then got screwed in the admin. / This would have all been documented at the time. Reported on Fox Fanzine website Club administrator Nick Dargan has issued the following statement. 'After some considerable efforts by all parties over the holiday break, I am pleased to confirm that an in principle deal has been reached between the Lineker Consortium and the major creditor and effective owner of the Walkers Stadium as to the terms upon which the Stadium can be used in the future. This will take the form of a commercial lease of the Stadium by the Consortium. It is our intention to effect a sale of the business of Leicester City Football Club to the Consortium on agreed terms. To be able to complete the transaction, we require the agreement of the Club's creditors to a compromise of the Club's debts - legally known as a Company Voluntary Arrangement or a 'CVA'. We have convened a meeting of the creditors at the Stadium on 15 January 2003 and have canvassed the views of the major creditors, most of whom are supportive of the proposals. Assuming that the proposals are accepted at the meeting on 15 January 2003 the Court in which the administration orders were granted require a further 28 days before the sale of the business to the Consortium is finally concluded. Hopefully the Club's future will be clear therefore by mid February. Again, there remains some hard work to do before we secure, hopefully, a successful conclusion to the administration. In the meantime, I would like to thank once again the manager, the players and the staff at the Club for their continued co-operation and to you the fans for your continued support. Nick Dargan Deloitte & Touche Joint Administrator NOW MOVE ON!!!! Link to comment Share on other sites More sharing options...
forceof69 Posted 17 August 2006 Share Posted 17 August 2006 T-C SPORTS CO is a company based in America that specialises in sports equipment, eg balls, goals, nets etc etc. So we probably aint paid for the goals and stuff and paying them off bit by bit you can find them quite eaisly on the web Link to comment Share on other sites More sharing options...
Surreal Madrid Posted 17 August 2006 Share Posted 17 August 2006 A floating charge ( i.e. over all the assets ) would only be given in favour of a major creditor. As our major debt ( circa £16m ) is to the Teachers Pension fund re the stadium, this must be a subsidiary of the pension fund, nothing to do with the sports equipment trader. Link to comment Share on other sites More sharing options...
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