Originally Posted by
Chicken Balti Pie
Why is everyone saying we are going into admin? I don't think anyone understands the levity of the situation?
The only person who can put us into administration is Alan Hardy. That means he loses a big chunk of money, he will get some back being a creditor but at that point, he's lost his golf course, which is as far as I'm aware, his last remaining business? Another reason why he won't put us into admin is that he also has to find three months of running costs up front, he allegedly isn't even paying the wages at the moment so he isn't going to pay money to lose even more money.
This then points to the simple fact at some point before 10th July he needs to sell us. It seems he's currently playing games, or at least someone is, if he's desperate enough, he'll sell to anyone who pays a big chunk of the debt he owes to paragon interiors, he won't care if they are fraudsters and asset strippers, he'll be wanting his money. He needs a rival bidder to the SA group otherwise they will drive the price down, and if that means selling to May and buddies (his Varani backers also make very interesting reading!) Then so be it