Administration

[pumbaa]

I like the way other teams are all saying we are a disgrace and owe money to the taxman, hmrc etc.

Problem is, we have history. Somebody mentions the dreaded A word and all hell breaks loose, despite the facts being known to all.

And lets face it, most fans of those clubs wouldn't want to let facts get in the way of berating us.

Interested in the Trust position. Until then, my read on this is storm in a teacup.

[Peter Venkman]

I see it exactly as you do Si.

And also spot on Honkytonk.

[Paolo69]

Yeah pretty good synopsis Si.

I knew i was enjoying football too much lately.

[Batch]

However what do we do while a sale progresses, if black is no longer covering day to day loses? We are hardly breakeven. Sales can defrag on.

Or do I nissunderstand.

[Langers]

We are getting a lot of hate from the football world this morning, mainly from people who don't understand the situation.

It is all a bit concerning, I just hope as many people as possible get down to the CG on Saturday and really get behind the team!

[joteddyred]

From what I can see it's not because we've run out of money, or the club is going to collapse- it's the simple fact that our current majority shareholder (i.e. owner), Andrew Black, doesn't want to be the owner anymore. They are searching for new owners. They might bring in some people who know how football finances work to make the place look more attractive to potential buyers, but it's not Administration, and it shouldn't be.

We don't owe any money to anyone other than our investors/shareholders- the majority shareholder wants to sell his share in the club. We're looking to bring people in to replace him. Simple as that.

Patey, it seems, doesn't fully understand the fear that the A word puts in football fans- particularly us.

This seems a pretty fair assessment.  However it's hardly surprising with our history that the story has caused panic and the feeling of 'here we go again'.  It would have been useful to get the full facts before the story ran.

The real risk at present is the effect on PDC and the players.  Will we now see departures?

I'm trying not to panic, but my feeling at the moment is FFS and I can't help but feel pissed off.

[Ardiles]

We are getting a lot of hate from the football world this morning...

So don't read it!  The pre-internet age had a lot to recommend it.

[Simon Pieman]

Admin doesn't wipe out debts anyway, it is a CVA

[ghanimah]

We are getting a lot of hate from the football world this morning,

We're used to that by now...When (hopefully) the situation resolves itself it won't be us with egg on faces...

[Matchworn Shirts]

mountain out of a molehill, we'll be OK

[Paolo69]

I've not been on any other forums but i suspect we're still in a better position on and off the pitch than most of those laughing at us. Especially those Oxonian cunts!

[Matchworn Shirts]

Who cares what other teams think?
Mickey Mouse clubs like O*ford and Shrewsbury can sod off

[lambourn red]

So don't read it!  The pre-internet age had a lot to recommend it.

That is the problem these days the media latches onto internet forum / social media mumblings and the whole thing gains momentum with more and more mis information being added by people speculating. It is like Digital chinese whispers.

[Ƭ̵̬̊: The Artist Formerly Known as CWIG]

I think this is all being done to force Fitton's hand in writing off a large part of the debt as Arbib and Black want to. Am I right in thinking administration would mean creditors vote on a CVA to payback a percentage offered by the club (25% of what owed say) meaning Arbib and Black vote yes and Fitton votes no, majority rules and 75% of debt is wiped out and Fitton's hand is forced?

[nochee]

At least all of the county ground redevelopment threads will stop now