Cala Corporation

[Posh]

How Joseph Cala ripped off elderly investors in California by door stepping then with stories about property he claimed to own but didn't. Read this cease and desist order from the State of California. This is your saviour.

http://www.dbo.ca.gov/ENF/pdf/2012/CalaCorp_dr.pdf

[fulwoodshrimp]

Good research, Posh. I know we are desperate but......We have been sold down the river.

[mrpotatohead]

Care to comment, georgedawes , kenh and any other, ''give him a chance'' sheep?

[Shrimpy]

Care to comment, georgedawes , kenh and any other, ''give him a chance'' sheep?

I don't think any of the "sheep" will disagree with you on Cala but if the choice is go bust now or sell the club to Cala and hope there's a chance it will work / stave off liquidation for a bit longer even if that chance is 0.000001% then I'd rather take it than go bust.

[Gnasher]

Let's imagine the last boardroom meeting.

None of us have any power.

Abdul has sold control to Cala.

Cala wants us to resign before he puts any money in.

We are stoney broke.

None of us want MFC to go bust.

It's been nice working with you all.

The only glimmer of hope is that we've all got this wrong and it's really Cala Gran caravan park that's bought control

[mrpotatohead]

If PMG had given Abdul his money back, Cala wouldn't be an issue, and if we went into administration is it beyond the realms of possibility that we could finish 12 points above the relegation places and still stay up with a deduction?

[Shrimpy]

If PMG had given Abdul his money back, Cala wouldn't be an issue, and if we went into administration is it beyond the realms of possibility that we could finish 12 points above the relegation places and still stay up with a deduction?

How do you propose we come out of administration without a new buyer?

[KenH]

Care to comment, georgedawes , kenh and any other, ''give him a chance'' sheep?

I don't think any of the "sheep" will disagree with you on Cala but if the choice is go bust now or sell the club to Cala and hope there's a chance it will work / stave off liquidation for a bit longer even if that chance is 0.000001% then I'd rather take it than go bust.

Exactly - I've said exactly the same. As I've already said, I'm no fan of Cala, but if it's him or administration, then we have to give him the benefit of the doubt. Again, as I've said, if there was someone else in a position to take over, then fair enough, but there isn't, so it appears to be Cala or bust.

[mrpotatohead]

please stop asking me ''how I propose this and that'' , I never got us into this mess and will never be in a position to affect anything to get us out of it, CALA WILL DROP US IN THE SHIT, FACT, so whatever the cost now, it will be far worse further down the line, he's not a tooth fairy, a messiah, or santa, he's.........(not suing me)

[Shrimpy]

please stop asking me ''how I propose this and that'' , I never got us into this mess and will never be in a position to affect anything to get us out of it, CALA WILL DROP US IN THE SHIT, FACT, so whatever the cost now, it will be far worse further down the line, he's not a tooth fairy, a messiah, or santa, he's.........(not suing me)

We're in the shit now! How much deeper can it be possible to get into it?

[P/T Indie]

I think if we went into admin more interest parties would appear as the asking price would be a lot cheaper.

[KenH]

If PMG had given Abdul his money back, Cala wouldn't be an issue, and if we went into administration is it beyond the realms of possibility that we could finish 12 points above the relegation places and still stay up with a deduction?

Maybe, but that's a very big "if". Who's to say that Abdul would accept his money back in return for the shares? Who's to say that PMG wants his shares back? Why would Abdul sell back to PMG if someone else such as Cala was going to pay more? At the end of the day, it's getting harder and harder to decide on what's true and what isn't, with so many lies being told by all parties involved.

If the club went into administration, who's to say the administrators wouldn't just shut it down (like they've done with the PMG Leisure site) - the administrators would be in control and may decide not to let it carry on to the end of the season. (Administrators/liquidators don't rack up debt so if the cash in does not exceed cash out, they basically have no choice but to shut down). So if the ongoing gate income and refreshment sales (and hospitality etc) doesn't cover ongoing wages, purchases, taxes, etc., they wouldn't carry on. It's only the past liabilities, such as loans, past debts etc that they will try to freeze or negotiate on - the ongoing stuff has to be covered in full.

But anyway, even if PMG got it back, who pays the £50k per month cash shortfall to see the club limp through to the end of the season? It's abundantly clear that PMG and the board members have come to the end of the road as regards putting more money in!

[Gnasher]

If PMG had given Abdul his money back, Cala wouldn't be an issue, and if we went into administration is it beyond the realms of possibility that we could finish 12 points above the relegation places and still stay up with a deduction?

Abdul will have sold for more than he paid, would PMG buy back at an inflated price? Could we stay up in administration with no money? Would the board have refused to resign if they thought that at all possible? Very very unlikely.

[KenH]

I think if we went into admin more interest parties would appear as the asking price would be a lot cheaper.

The asking price will already be bargain basement now after the last few weeks/months. There's no doubt that function bookings for this year will be less as people will have been put off risking a booking (and a ruined wedding, party etc if it goes bust) given all the bad publicity. The club's league status hangs in the balance and it will be worth far less as a non league club. It's only the league status that gives it any real value due to the potential for national coverage on TV progs and the occasional televised match - that's where the value comes in for ground and shirt sponsorship etc - potential for a national sponsor (if properly sought) if league, but only local sponsors if conference.

But even if it's sold for £1, the buyer still has to fund the £50k per month cash shortfall until they manage to turn it around which could take a few years. Personally, I don't think it's ever been the asking price that will have been the problem, it's the ongoing shortfalls that need to be plugged.

[mrpotatohead]

You don't of course, know any of this Gnasher.

[Gnasher]

I don't, all speculation. Haven't had any contact with any directors since the latter part of last year. Most of my January speculation was from the comfort of a beach

[Shrimpy]

MPH: don't sell to Cala, he's a bad man

Ok then, what's the alternative?

MPH: I DON'T NEED TO ENGAGE IN DISCUSSION ABOUT THIS!

Riiiiiiight, ok then

[Wild Bill]

MPH: don't sell to Cala, he's a bad man

Ok then, what's the alternative?

MPH: I DON'T NEED TO ENGAGE IN DISCUSSION ABOUT THIS!

Riiiiiiight, ok then

Ha ha! Summed up perfectly.

Cala sounds dodgy but I think Del Boy with a bit of cash is a better option than anything else right now. Its certainly going to be an interesting few months.

[P/T Indie]

But anyway, even if PMG got it back, who pays the £50k per month cash shortfall to see the club limp through to the end of the season? It's abundantly clear that PMG and the board members have come to the end of the road as regards putting more money in![/quote]

None should need to put that type of money in its not a viable business any new owner will make us trim the budget further until we are self sufficient or at least a smaller loss. That probably means at some point we will eventually go down whoever tge owner is until we find our natural level that our crowds and town deserve.

We can't just keep expecting people to bank role us for the fun of it and if that means we will one day loose our league status so be it I would rather have a club in conference north than no club at all.

[mrpotatohead]

Bit unfair that, I have made suggestions in the past , I'm not actually bothered about what anyones opinion is that thinks Cala is anything less than toxic, as as far as I am concerned if you bury your head in the sand about him, you are inviting him to f*** you up the a***!

[Shrimpy]

Bit unfair that, I have made suggestions in the past , I'm not actually bothered about what anyones opinion is that thinks Cala is anything less than toxic, as as far as I am concerned if you bury your head in the sand about him, you are inviting him to f*** you up the a***!

I agree with you. My argument is that we're already f***** up the a*** and Mr Cala won't be able to stick it in any further.

[Kendalshrimp]

Cala is walking into all staff being owed wages, a club riddled with debt low attendances so surely he can't be coming in to take over with no money at all any making us worse off financially than we already are ? Yes he's probably going to change things in the board but if this club is going to be financially stable between now and the summer then it won't be all bad. I'm not saying that's going to be the case but let's just see what happens this week before jumping on his back already. The reason we're in this situation is because PMG sold it to the wrong guy in the first place people need to look at the bigger picture !

[KenH]

None should need to put that type of money in its not a viable business any new owner will make us trim the budget further until we are self sufficient or at least a smaller loss. That probably means at some point we will eventually go down whoever tge owner is until we find our natural level that our crowds and town deserve.

We can't just keep expecting people to bank role us for the fun of it and if that means we will one day loose our league status so be it I would rather have a club in conference north than no club at all.

I've never suggested it's right for the club to continue making huge losses. In fact, if you look back at my posting history 2/3 years ago, I'm one of the few that flagged up just how bad a situation the club was in, and how unsustainable it was, at a time many other posters were in denial and basically saying it didn't matter!

I'd hope that any new owner would have a new business plan to reduce unnecessary costs AND increase revenue but it all takes time, so the £50k per month shortfall will continue for quite a while. The football needs to come first, so that means ring-fencing or increasing the players' budget. Ground sponsorship should be worth quite a bit of money, as would sponsorship for the PMG stand to rename it, so that's two new sources of income. Re the function rooms, a full review needed of the management accounts AND preference given to football, meaning no more ridiculous Sunday or Friday evening matches just to allow a function on the Saturday - I'm pretty sure that's what Cala means about putting the football first, not meaning to scrap it completely! Every aspect of the club needs to be looked at with a fine tooth comb and without sentimentality - there should be no sacred lambs - if, for example, the club could make more profit by reverting to selling Potts Pies rather than making our own, then that needs to happen (after all, we were mostly happy with Potts at the time we won the best football pie award with them!).

[fulwoodshrimp]

My problem kendalshrimp is I don't know who PMG sold to in the first place. I also can't believe his naivete handing over his shares without receiving full payment- I am not sure this is what happened because we have been lied to consistently. You can only judge Cala on his previous behaviour and it is not encouraging. Awaiting tomorrow to see if he has scraped up the money to pay wages for this month.

[Kendalshrimp]

My problem kendalshrimp is I don't know who PMG sold to in the first place. I also can't believe his naivete handing over his shares without receiving full payment- I am not sure this is what happened because we have been lied to consistently. You can only judge Cala on his previous behaviour and it is not encouraging. Awaiting tomorrow to see if he has scraped up the money to pay wages for this month.

He won't be paying anything tomorrow if he doesn't get appointed owner before hand. I believe Cala is waiting to do this EFL approval thing today and also seeing if he can get the whole board to resign so he can bring his own guys in. If he doesn't get the go ahead for that then I'm told he won't be taking over !