
LostinLeeds wrote: And what happens if none of these investors turns out to be interested? Is admin reliant on one of these making an immediate offer to take us out of admin, or is it the consequence if none want to continue talks?
MylesPAFC wrote:LostinLeeds wrote: And what happens if none of these investors turns out to be interested? Is admin reliant on one of these making an immediate offer to take us out of admin, or is it the consequence if none want to continue talks?
I know as much as the next guy about what is going on, but I would have thought you are correct, without a buyer the club in it's current state would not be at an advantage if we went into admin and subsequently didn't get taken over soon after. I feel that if there is a party interested in taking over, they will want the current owners to place it in admin, then when they take over the ownership they can come in pay off all the debts for a fraction of the money they would do if it wasn't in admin.
But like I said I don't have a clue what is going on just an assumption.
Mark_Smith wrote: Which debts will admin largely clear and which will remain intact for new investors to take on?
cheshiregreen wrote:
Mandaric bought Wednesday for a quid without them entering admin., but, think to achieve that you need to be able to broker agreement with the main creditors.
It must be 2 weeks now since the Riddler first mentioned people being interested in taking the club over.
Given the number of people with good sources at the club who post on here, I am surprised we have seen very little speculation about who may be forming these 3 groups of "interested parties".
Anyone got some info to share?
LostinLeeds wrote:cheshiregreen wrote:
Mandaric bought Wednesday for a quid without them entering admin., but, think to achieve that you need to be able to broker agreement with the main creditors.
It must be 2 weeks now since the Riddler first mentioned people being interested in taking the club over.
Given the number of people with good sources at the club who post on here, I am surprised we have seen very little speculation about who may be forming these 3 groups of "interested parties".
Anyone got some info to share?
People apparently with 'good sources' were confidently predicting admin today, which is now (apparently) not likely. So maybe they don't have a clear idea what's going on. Maybe even the current directors don't have a clear idea whats going on.
Does anyone know how long this can potentially go on for. Do we have to have something sorted by tomorrow because of the tax bill, or could this potentially continue until the next court date!
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