Keith Wyness

[Damo70]

The explanation of the pay out would have been nice doubt to keep some derogatory comments coming out in the proceedings. He’s still a fat prick who no doubt deserved the taxi to the motorway

Is he though?

The current directors accept he was acting in the best interests of the club. As a director, wouldn't he have had a fiduciary duty to take us into administration if that was the only way to protect the continued existence of the club?

Is the general consensus.  A few people who know a few things say he's  not entirely the bad guy.

I have to admit that I found Wyness very impressive in the interviews he gave.

[Risso]

He would almost certainly have won.  Whether you like the bloke or not, when a company can't pay its bills a director is legally obliged to act in its best interests.  The fact that shit-shoed arse Xia is currently on the run from the law in China tells you all you need to know about him.  Tribunals are always extremely keen to protect whistle-blowers and people who they think have tried to do the right thing when people higher up the food chain haven't.

I imagine that when the new owners bought the company, there would have been warranties in place that would mean that Xia should pay for contingent liabilities like this, but as he's clearly not got a pot to piss in, they'll have taken the pragmatic decision to cut their losses and draw a line under things.

[pauliewalnuts]

He would almost certainly have won.  Whether you like the bloke or not, when a company can't pay its bills a director is legally obliged to act in its best interests.  The fact that shit-shoed arse Xia is currently on the run from the law in China tells you all you need to know about him.  Tribunals are always extremely keen to protect whistle-blowers and people who they think have tried to do the right thing when people higher up the food chain haven't.

I imagine that when the new owners bought the company, there would have been warranties in place that would mean that Xia should pay for contingent liabilities like this, but as he's clearly not got a pot to piss in, they'll have taken the pragmatic decision to cut their losses and draw a line under things.

Indeed.

Yet some people still make excuses for the Uber-bothering twat.

[Dante Lavelli]

Uber bothering?

[pauliewalnuts]

Uber bothering?

Used to arrive at training ground in an Uber

Like billionaires do.

[danno]

Uber bothering?

Used to arrive at training ground in an Uber

Like billionaires do.

At this point it wouldn't surprise me if he'd worked as an Uber driver on non match days.

[brian green]

He had the shoes for it.

[Pete3206]

I have a mental picture of Wyness driving an Uber that looks like the bloke driving the car in The Incredibles

[Rudy Can't Fail]

He would almost certainly have won.  Whether you like the bloke or not, when a company can't pay its bills a director is legally obliged to act in its best interests.  The fact that shit-shoed arse Xia is currently on the run from the law in China tells you all you need to know about him.  Tribunals are always extremely keen to protect whistle-blowers and people who they think have tried to do the right thing when people higher up the food chain haven't.

I imagine that when the new owners bought the company, there would have been warranties in place that would mean that Xia should pay for contingent liabilities like this, but as he's clearly not got a pot to piss in, they'll have taken the pragmatic decision to cut their losses and draw a line under things.

AS CEO surely Wyness would have fully known our financial situation and the impact of failing to win promotion months before? It's not like our revenue was going to change from the close of the January transfer window, yet he acts like the man that saved us. For me, both he and Xia were equally responsible and it didn't surprise me in the slightest that Wyness was accused of trying to sell the club on the cheap for a few silver coins given the dodgy company he keeps.

[Brassneck]

He would almost certainly have won.  Whether you like the bloke or not, when a company can't pay its bills a director is legally obliged to act in its best interests.  The fact that shit-shoed arse Xia is currently on the run from the law in China tells you all you need to know about him.  Tribunals are always extremely keen to protect whistle-blowers and people who they think have tried to do the right thing when people higher up the food chain haven't.

I imagine that when the new owners bought the company, there would have been warranties in place that would mean that Xia should pay for contingent liabilities like this, but as he's clearly not got a pot to piss in, they'll have taken the pragmatic decision to cut their losses and draw a line under things.

AS CEO surely Wyness would have fully known our financial situation and the impact of failing to win promotion months before? It's not like our revenue was going to change from the close of the January transfer window, yet he acts like the man that saved us. For me, both he and Xia were equally responsible and it didn't surprise me in the slightest that Wyness was accused of trying to sell the club on the cheap for a few silver coins given the dodgy company he keeps.

I agree with this although I do place Xia more culpable.

If there is any truth in him touting the club around at a knockdown price (whilst ensuring he keeps hold of his position) then he's just as bad as Xia.  Furthermore, there was clearly no "plan B" as he continually referenced other than to get down on our knees and pray for a miracle - A miracle that did indeed  transpire.

[Risso]

He would almost certainly have won.  Whether you like the bloke or not, when a company can't pay its bills a director is legally obliged to act in its best interests.  The fact that shit-shoed arse Xia is currently on the run from the law in China tells you all you need to know about him.  Tribunals are always extremely keen to protect whistle-blowers and people who they think have tried to do the right thing when people higher up the food chain haven't.

I imagine that when the new owners bought the company, there would have been warranties in place that would mean that Xia should pay for contingent liabilities like this, but as he's clearly not got a pot to piss in, they'll have taken the pragmatic decision to cut their losses and draw a line under things.

AS CEO surely Wyness would have fully known our financial situation and the impact of failing to win promotion months before? It's not like our revenue was going to change from the close of the January transfer window, yet he acts like the man that saved us. For me, both he and Xia were equally responsible and it didn't surprise me in the slightest that Wyness was accused of trying to sell the club on the cheap for a few silver coins given the dodgy company he keeps.

Sorry I don't agree with this.  If Xia had promised that money would be available, abd the audited accounts were signed off as a going concern on that basis, then that would satisfy most CEOs.  There aren't many profitable football teams, and most would struggle if a cash source they were relying on was suddenly turned off..

[Rudy Can't Fail]

He would almost certainly have won.  Whether you like the bloke or not, when a company can't pay its bills a director is legally obliged to act in its best interests.  The fact that shit-shoed arse Xia is currently on the run from the law in China tells you all you need to know about him.  Tribunals are always extremely keen to protect whistle-blowers and people who they think have tried to do the right thing when people higher up the food chain haven't.

I imagine that when the new owners bought the company, there would have been warranties in place that would mean that Xia should pay for contingent liabilities like this, but as he's clearly not got a pot to piss in, they'll have taken the pragmatic decision to cut their losses and draw a line under things.

AS CEO surely Wyness would have fully known our financial situation and the impact of failing to win promotion months before? It's not like our revenue was going to change from the close of the January transfer window, yet he acts like the man that saved us. For me, both he and Xia were equally responsible and it didn't surprise me in the slightest that Wyness was accused of trying to sell the club on the cheap for a few silver coins given the dodgy company he keeps.

Sorry I don't agree with this.  If Xia had promised that money would be available, abd the audited accounts were signed off as a going concern on that basis, then that would satisfy most CEOs.  There aren't many profitable football teams, and most would struggle if a cash source they were relying on was suddenly turned off..

Did Xia promise more funds? Any idea when? Let's assume for a minute he did, when would be the ideal time to have those funds in place, I'm pretty sure it wouldn't be the end of May.

For me, they're both chancers. As we now know, Xia was a front man backed by unknowns in China. Wyness was put in place by some extremely dodgy 'middle men'. I doubt they'll be a queue of clubs looking to appoint him as their new CEO.

[lovejoy]

Out of interest how do you know the unknowns were Chinese?

[dave.woodhall]

They were well within budget and everything was fine until the money stopped coming from China. Apparently.

[Rudy Can't Fail]

Out of interest how do you know the unknowns were Chinese?

It was a Beijing court that issued the arrest warrant, put up wanted posters and offered a reward. I doubt very much they'd be so determined to find him if the debtors weren't Chinese.