The administrators become secured creditors & earn hundreds of thousands...
The players & staff become unsecured creditors.
The assets are broken up & realised (sold off). We know the players aren't worth much, the infrastructure at HP (ground apart) seems largely worthless & the pitch isn't portable. So, only the ground itself is an asset of note. Who would buy it? BIL perhaps? This time without the inconvenience of the football (& it's debt). I suspect that the sale price of the ground wouldn't even cover secured creditors, let alone the unsecured ones....
Out of all of the people involved in this administration process, only Ridsdale would lose out if we were liquidated (moving from secured to unsecured status).
Perhaps this was the plan from early on??
Jon
The players & staff become unsecured creditors.
The assets are broken up & realised (sold off). We know the players aren't worth much, the infrastructure at HP (ground apart) seems largely worthless & the pitch isn't portable. So, only the ground itself is an asset of note. Who would buy it? BIL perhaps? This time without the inconvenience of the football (& it's debt). I suspect that the sale price of the ground wouldn't even cover secured creditors, let alone the unsecured ones....
Out of all of the people involved in this administration process, only Ridsdale would lose out if we were liquidated (moving from secured to unsecured status).
Perhaps this was the plan from early on??
Jon