TA that is the nightmare that I fear. There are no assets, other than the player contracts. Who would pay an administrator? I agree that we have to hope that Hoffman's investors really exist and have the stomach to take on the Club and get through the summer with no revenue, just cost. My very real fear is that for all his efforts, and we have no reason to believe that he hasn't made efforts, the Club is in such a state that you would have to be paid to take it on.
If the Club is to disappear as a League Club I wish it would before the end of the season. The thought of going down the plughole of history at Soton is just horrible.