Chris Dennis":25qyjbe6 said:
Why would they want to takeover now when they can wait until administration and get the club for £1 with a fraction of the 9M debts to pay back?
Ridsdale has said the 'black-hole' is too big for his investors and it is getting bigger by the minute.
These 'investors' are like vultures waiting to pick over the carcass of PAFC although hopefully there are some more well meaning bodies also waiting in the wings.
No-one really knows as any potential bidders have to be kept quiet so the other bidders don't know about them. If it was an auction for something that was in demand the identity and amount of bids are made known in order to bump the price up.
I agree administration is most likely but there is a possibility that any future buyer could do a deal with the current directors (to whom I assume most of the debt belongs), paying them 10p in the pound, or something, along the lines that Manderic did at Sheffield Wednesday, that way the current directors would get something, in the event of administration they would likely get nothing. Obviously that scenario is more costly to a new owner than administration but I suppose it depends on what value they would put on 10 points.
