Administration

[TheMajorSTFC]

I really can't believe this could potentially happen...again...gobsmacked this morning! We've had some words this season the 'e' word and now the dreaded 'a' word!

[LittleRed]

I'm gutted, you'll have to understand this us my first termoil I've experienced as a fairly new supporter and season ticket holder. Work in Oxford and I'm getting loads of texts

[Dostoyevsky]

I see weekend opponents are having a jizz-fest about this:

All of a dither about their James Collins' appearance fee. They think we'll sell him to avoid paying their measly clause,
which comes into effect on Saturday if he plays

http://blueandamber.proboards.com/index.cgi?board=general&action=display&thread=82286

[pumbaa]

I'm gutted, you'll have to understand this us my first termoil I've experienced as a fairly new supporter and season ticket holder. Work in Oxford and I'm getting loads of texts

Tell all the Chelsea fans to poke it and remind them that Benitez is god.

[pauld]

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.

I suspect you're half right. Suspect that it is largely as it's been told - Black wants to sell and to make the club more attractive, they need to reduce the amount of debt in the club and that's owed the holding co. Black's happy to write down his portion but Fitton and Wray don't want to write off their proportionally much smaller but still substantial (and probably less affordable to them) debts.

Where I think you're half right is that I suspect it may be Wray et al who are trying to use the "A"bomb on Black by going public with it as a possibility - "Black wants out and he's even prepared to put us into admin to achieve his own ends". Patey may be unaware of the chilling impact of that word on Town fans, Wray and Fitton have always been much more in tune with the fans. And it appears to be working, looking at the reaction here and elsewhere.

[ronnie21]

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.

Yep, totally agree.  The headlines at 6-30 on Radio Swindon said that STFC are "considering" administration which would only be a last resort, so every cunt in the land has jumped on the bandwagon - perhaps Chris Wise has some questions to answer!!

[suttonred]

As far as I can see it's all come from this one quote.

When asked if he could guarantee the club could avoid administration, Patey responded: "Not a single chairman in the country could do that."

Initially I was worried, but the more I read, the more it looks like sensationalism. No doubt there are issues to resolve etc, but it doesnt seem the headlines warrant the panic.

[pauld]

As far as I can see it's all come from this one quote.

When asked if he could guarantee the club could avoid administration, Patey responded: "Not a single chairman in the country could do that."

Initially I was worried, but the more I read, the more it looks like sensationalism. No doubt there are issues to resolve etc, but it doesnt seem the headlines warrant the panic.

No at first they couldn't get hold of Patey who appears to have been caught on the hop by this. The initial info came from a chat with Wray. But I think you're right that this is shit-stirring, just deliberate shit-stirring as parties maneouvre themselves in a negotiation

[sonicyouth]

Another news story that has been handled poorly by local media leading to panic and hype. There is nothing in this news that we didn't know already, the only new thing here is the word "administration".

The local media, particularly Morshead, should be far more aware of what this club has been through in the last 10-15 years and that news reported in this manner is going to cause alarm amongst fans.

[Peter Venkman]

IIRC Pompey have gone into admin 3 times now, or will when it is finalised.

[Peter Venkman]

Another news story that has been handled poorly by local media leading to panic and hype. There is nothing in this news that we didn't know already, the only new thing here is the word "administration".

The local media, particularly Morshead, should be far more aware of what this club has been through in the last 10-15 years and that news reported in this manner is going to cause alarm amongst fans.

I have to agree with this, it is scaremongering of the highest order.

[pauld]

I have to agree with this, it is scaremongering of the highest order.

It's really not. It's local journalists reporting news. When the ex-chairman of the football club says the current owner is definitely looking to sell but a club with our history may have to go into Administration to enable that, that is news. People really need to learn to interpret the "cui bono"s on these things and stop shooting the messenger all the time

[kerry red]

I will just post this on the issue:

If, and when, administration happens - panic then.

Until then just enjoy the football FFS

[Peter Venkman]

stop shooting the messenger all the time

I don't feel it is shooting the messenger so much as shooting the boy who cried wolf.

Yes maybe it could come down to that but at the moment it actually isnt anywhere near admin. If you throw enough shit out there some of it may eventually stick.

Well I would like to think so anyway

[pauld]

I don't feel it is shooting the messenger so much as shooting the boy who cried wolf.

Well, that's Wray, not the BBC