Moderators Casino Posted May 1, 2019 Moderators Share Posted May 1, 2019 I was proud of the fact we looked like we were trying to work our way out of the more without taking the easy way out However, plenty people have told me admin is the only way out of this mess So Who can put us into admin Anderson and or the court? And why would the court choose admin over liquidate? Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted May 2, 2019 Site Supporter Share Posted May 2, 2019 You would assume that a company in administration is a much bigger concern than any reformed club. Thus more folk in employment, being paid wages which is good for the economy and in particular, for the taxman. Quote Link to comment Share on other sites More sharing options...
bwfcfan5 Posted May 2, 2019 Share Posted May 2, 2019 12 minutes ago, Tonge moor green jacket said: You would assume that a company in administration is a much bigger concern than any reformed club. Thus more folk in employment, being paid wages which is good for the economy and in particular, for the taxman. Admin if its considered to be in the public interest. HMRC will almost certainly contest admin. And I suspect there is a risk that court could side with HMRC and liquidate. Which is why it seems Anderson will put us into admin ahead of court. Quote Link to comment Share on other sites More sharing options...
famouswanderer Posted May 2, 2019 Share Posted May 2, 2019 I assume the davies lot can put us in it? Quote Link to comment Share on other sites More sharing options...
ErnestTurnip Posted May 3, 2019 Share Posted May 3, 2019 This might be me being a thick get and just sick and tired and confused with the whole thing but I've been trying to get my head around what the ACV does in all of this (if anything), does it actually tip the balance towards liquidation ? If we get liquidated, which would be a real possibility if we go to court on the 8th, then someone comes in and sells off whatever they can in whatever sized pieces they can - if the ST express an interest in the ground then the liquidator cracks on selling everything else and six months down the line sells the ground to the ST or anyone else. People buying pieces get their item and then flog them or whatever, straightforward. If we go into administration and the ST express their interest in the ground do we then have to find a buyer for the whole lot who actually won't be able to complete their deal until the six months have gone ? Although the buyer would most likely complete after the wait there would still be a risk (albeit an unlikely one) that the administrator could just sell the ground to the ST after that time. How would the buyer operate in the meantime, who would actually own the ground and pay for the running etc ? Quote Link to comment Share on other sites More sharing options...
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