Originally Posted by
Chicken Balti Pie
I don't think he can afford to is my point. Admin requires the person putting into admin to pay 3 months running costs up front. And with the winding up order in play, it's not like he can speak to one of the group's and arrange for them to pay as they aren't guaranteed to get the club out of admin as you can't do a prepack (due to the winding up order). One good thing, it's getting to the point of him being desperate, Administration would lead to him being able to pay the loans off from PLG and PI but he'd get nothing personally but he probably can't afford it. Liquidation would mean he gets nothing, loses the golf course and would be investigated as to why he was running the club the way he was. Looks like he'll be getting desperate to sell soon enough