Administration-A quick question.

[TJHValiant]

If Mo does come in after we go into admin it is a good thing. I really hope he does. If he doesn't then it is a very very bad thing as in our current situation there is no way we are going to satisfy administrators and owing money in this climate is not a good thing. People tend to push for it rather quickly.

[Timothius]

You cannot use other clubs experiences of admin to second guess our own outcomes, past debt is irrelevant as Admin clears the debt...

As for Oliver and Lloyd having the decision on admin taken away from them...Who do ya think makes the decision to call in the Administrators? Yes you've guessed it...the directors, so they are the very people who will make the decision...

Also Lloyd, Oliver, etc may or may not want to sell their shares, I dont really care as long as they are not on the board anymore, what I want is for them to grow a pair, admit they are out of their depth, recommend and vote for a change in the articles to enable proper investment inyto the club, that would be far more responsible way of moving forward....

 

Admin doesn't automatically clear debt, the administrator has to get the best offer for the club to pay off creditors at an acceptable rate to the major creditors. If this cant be agreed it's liquidation and a sale of assets so debt levels are very relevant. Using other teams of a similar size to Vale who have come out of admin and prospered, is a way if countering the people who say admin will be the end, It probably won't be.

 

By taking the decision to enter admin out of their hands, I mean a major creditor will force it on them leaving them no choice, yes they have to call the administrator in but it will not be of their choice.