McCabe it initiated bankruptcy proceedings against FTC Football Inc

[KyoPityus]

Started the exodus from Hungary Kevin McCabe. Announced it on a Thursday it does not finance it longer FTC Labdarúgó a department's function. Liquidates the firm conveys his shares to an any kind of customer in return for an euro. It starts FTC Football Inc bankruptcy proceedings on a Monday the ordered insolvency proceeding commissioner. It FTC initiated negotiations regarding the department's resumption.
McCabe apologised to the fans for him not having managed to execute the promised plans in a short letter. The economic crisis and possible Hungarian see a reason for this in sponsors' deficiency. He is unable to finance the club's function longer, decided so because of this liquidates the firm. The team hopes for it in the future in a life is left over, and attains beautiful successes in the future.

---------- Post added at 05:40 PM ---------- Previous post was at 05:35 PM ----------

http://www.pepsifoci.hu/napi/node/83597
http://www.ftc.hu/index.php?action=main&nid=26603&sact=news
http://www.nemzetisport.hu/labdarug...i-ugyben-de-a-vezerigazgato-tavozott-2065026/

---------- Post added at 05:46 PM ---------- Previous post was at 05:40 PM ----------

It comes to an end between FTC and SUFC practically together with this decision partnership contact. The I say thanks to everybody for the attention. Talking to you sometimes here was good. I wish you many successes in the future!
Good by all!

Up The Blades!

 

[raul]

Only us to cut ties with now then. Can't be long now.

 

[Houso]

Good luck in the future mate!

 

[Jon Bon]

Thanks for all of your updates KP. All the best mate to you and your club.

 

[GRUMPY BLADE]

Don't take this news lightly, we all know a big club will go under might be us!!!!!

 

[raul]

That future has probably just got a little brighter.

 

[KyoPityus]

It FTC president Kevin McCabeel agreed in order to ensure the team's functioning until a month. This single month is needed for it in order for us to find a new proprietor the football for a team. Three offers arrived on the weekend. McCabe passes the stadium and the area on on the purchase price.

 

[Kendal]

Kyopityus,
The Hungarian link has been interesting. I'll certainly be keeping a watchful eye on the fortunes of Fradi from now on. I can't speak for everyone on here, but I'd quite like to keep up to date with Fradi. My father in law is from Budapest, but escaped as a child. So I feel some kind of link, however tenuous.

It really looks like something has gone spectacularly wrong for KM, desperately offloading assets left, right & centre. Which could, at least in part, explain the lack of personal investment from him in United. Is it possible that his recent conversion of loans to shares was to protect United somewhat, in that if he/his company goes bankrupt, anyone taking over (his other assets) won't be able to suddenly recall those loans, thus protecting United from immediate administration.

 

[SheepdipBlade]

Keep beating the Purples KP - Good luck for the future

 

[beightonblade]

If all McCabe ever did was introduce folk like KP to us it wudn't be too bad wud it ? .....

Good luck KP....keep in touch with the Blades ! ....... lets hope McCabe fooks off from the Blades soon. !

 

[Worksop_Blade]

Thank fuck for that.

The Blades "Family" gets a little bit smaller, now to ditch Central Coast Convicts FC and we'll be back to normal.

 

[Kenilworth]

Thank fuck for that.

The Blades "Family" gets a little bit smaller, now to ditch Central Coast Convicts FC and we'll be back to normal.

Yeah, In Div 3

 

[Jostein Flo]

Cheers for all the updates KP, hope you get a good owner in at Fradi. Got to say I'm a little disappointed we seem to be cutting all these ties, I know they weren't everyones cup of tea but I actually thought they brought a little something different to United.

 

[raul]

Best euphamism for millstone ever that Jostein