Quote Originally Posted by kb_don View Post
I suppose you could use it to ditch expensive players, but there's a big risk you won't have anything after admin.

What if King and the 3 bears bid 2p/£ for the assets, but Tesco bid 3p/£? They might have ditched the big players, but they're left with 3p/£ for all the millions in loans they put in.
I don't think that would be the intention. The intention would be to create a CVA and pay x amount of the loans over a certain period of time. If they got players off the books it would also make the CVA more attractive.

Quote Originally Posted by kb_don View Post
Besides, I'm pretty sure employees are near the top of the creditors queue, and the sfa may insist on players wages being paid by new owners.
Players are in effect employees on a fixed term contract. There is nothing stopping a clause in their contract stating that if the company goes into administration then their contract will be cancelled on x weeks notice. Players would not be due any salary in this circumstance if the club paid their notice period.