Administration

[Gnasher]

Surely Black could have waited until the end of the season to see if we were in the Championship - which would make the club much more valuable to investors than it is today. He invested heavily in players contracts over the summer, so what's changed?

Hopefully player sales won't lead to PDC walking. I'd imagine he'd be off if we entered administration for a 3rd time, which I can see being a 20 points deduction or relegation penalty. And you couldn't really blame the FA if they did impose this.

[BenTheRed]

I don't know why but I get the impression Wray may be involved in a potential takeover.

would be nice if he fronted a new group of investors - he's a good guy for a fans to have around.

I think it would also be good if any new principle shareholder was also the chairman of the club

[lambourn red]

It does seem that JW is the one that has brought this out into the open for what ever reason we can only speculate, a friend of mine who sees him now and again spoke with JW over a week ago and he was quite open in telling him that the finances were not great and there was going to be a board meeting called, on the positive side he also told him that he did not think PDC would be going anywhere or any 1 st team players as the club is determined to get promotion. I did not post anything on forums etc as it would only be followed by a torrent of abuse and I thought it was not the sort of thing the club needs to have public. All  very strange why this needed to be put in the public eye surely it could have been kept under wraps as it only serves to undermine the image of the club.

[ScillyRed]

Just settling down for a relaxing morning's arcade game play and ..................  

Off on an extended holiday shortly with no internet, so hopefully when I return in March it will all be sorted or normal service will be resumed and we will be in the SH1T again.

Have fun guys & gals  

[Matt71]

Will we even be allowed to go into administration?club owes no money to anyone apart from owners who have more than enough money to cover the debt ,football league are not stupid.

[Sippo]

If we can wipe £9 million out of debt and only suffer a 10 point deduction, then surely that would be a good thing?

[Gnasher]

If we can wipe £9 million out of debt and only suffer a 10 point deduction, then surely that would be a good thing?

But how many millions will the club lose if those 10 points cost us promotion? And what if the FA impose a larger penalty? It would be a huge risk.

[reeves4england]

My levels of concern/worry over this are at about 3%. It's not great news, but in fact it's hardly news at all. Seems that one or two people have decided to throw around the "A" word to cause a bit of panic, when realistically it's far from likely to happen.

[Sippo]

But how many millions will the club lose if those 10 points cost us promotion? And what if the FA impose a larger penalty? It would be a huge risk.

But for the future of the club, I'd happily give up promotion this year.

[BruceChatwin]

Nothing changes.

 

[tj2002]

Haven't read through this whole thread yet but I'm more angry at the Adver this morning than the board. Sensationalist and unhelpful headline writing. I'm sure everything will work itself out, these are not crooks and idiots running our club, they'll find a suitable buyer and hopefully it'll be a smooth transition.

I'm sure Paolo will give an interesting interview when he gets chance to

[LittleRed]

I don't know why but I get the impression Wray may be involved in a potential takeover.

That's was what I thought and hence the reference to wray and pdc. Seemed strange he would make a comment about it. Could have also been part of the reason he did not stay on the board. Wishful think but hey it's a nice thought

[jayohaitchenn]

We just aren't going to go into admin. The end result of administration would be that Andrew Black loses all the money he has put in. If he was going to do that, why not just write off the debt? It's bullshit.

[reeves4england]

Had a quick look at the yellows forum. It's a good laugh. Half of them on there seem to think we've already gone under, and the "knowledge" they have of our finances is quite amusing.

As I said before, I'm not worried yet. Quite possibly a very small storm in a teacup.

[hobnob]

Get Kassam to invest, he is minted with all that rent the Pox pay him for their dump!

Or maybe not!