Link

But not tomorrow maybe?

This week is going to be interminable.

and unbearable

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?

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.

Which debts will admin largely clear and which will remain intact for new investors to take on?

Maybe admin will happen "imminently"

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.

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?

Which debts will admin largely clear and which will remain intact for new investors to take on?

Majority of our debt is to our current directors I believe, but admin will clear that owed our creditors for example the pitch company etc. Not 100% on this, but I would have thought any new owners would have to make a settlement with the current directors against the money they are owed.

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!

I wonder if Stapleton & Co has actually met face-to-face with any of Ridsdale's potential 'investors'? Swiss now off the radar, were they ever on it? Americans 'monitoring' the situation. And the other three have been on the phone with Ridsdale most of the weekend despite his Friday prediction to the press that he expected a quiet weekend and a possible announcement on Monday.

Now where have I heard all this before?

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!

I dont think we can level any blame at IJN for information that he was just passing on in good faith and I dont think you are suggesting that anyway, but things change so fast and on a daily basis, it probably is difficult to keep up with what is going on.

My guess is that we have around 6 weeks from when the tax bill is due as this is around the time scale that it will take to get to court. The main worry for me in all this is the timing. Im sure that if a club goes into admin and 10 point deduction then it has to happen sometime in March otherwise the deduction gets held over to next season and with us likely to drop a division anyway we could end up -10 in league 2, or worse still, under pre-pack, -25 points and that could potentially put us in the conference. Can you imagine the crowds then?

Like it or not, we have to pin our hopes on Ridsdale, cant see the alternative

Yeah it's something like 4th Thursday in March Ade, so we have 4 weeks probably to have the -10 this season.