Nothing new there, this is all entirely predictable and was predicted, it's why I've been saying for a while now, Admin and D1 here we come, the only question is which arrives first.
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Nothing new there, this is all entirely predictable and was predicted, it's why I've been saying for a while now, Admin and D1 here we come, the only question is which arrives first.
We all hope that you are wrong, sinkov. We have to hope that we stay up. One thought on administration - there is an old saying that if you owe the bank £1’000, the bank is your problem. If you owe the bank £65 million, you are the bank’s problem.
In the worse case scenario, I think the loan repayment schedule will be renegotiated. It is in no-one’s interest to see the club go bankrupt, least of all the bank that stands to loose £65 million.
In all situations, any agreement is a contract at law. The parties to that contract can always renegotiate the terms. That is normal commercial practice.
The biggest danger is if money is owed to HMRC. They could not care less and will force anyone into bankruptcy.
If we stay up Chris, I cannot see the doodah having subsided, it may still be lapping round our necks in 12 months time, or we may be submerged by it. If we go down, we will be submerged by it quite rapidly I would think. Either way, we're fecked.
For the optimists, could anyone hazard a guess as to how much money will be available to the new manager in summer, whichever division we're in ? Somewhere between zero and SFA would be my guess.![]()
In which case Army I hope we stay up and the investment arrives. It does not inspire confidence though, he's been in charge about 18 months and already he's lost us the best manager we've ever had, put us on the brink of relegation and had to go cap in hand to an outsider to prevent us going into Admin.
God knows what he'll do to us given another 18 months.