I'd rather admin than another SISU consortium taking over..... (1 Viewer)

[OyJimmy]

Not saying the Hoffman bid is going to be like the SISU bid, just saying that if the choice is roll over the debt under another consortium or co into admin, then I vote for admin.

 

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[CovKingChris]

Admin will do nothing. Just lose us 10 points. As the board have stated, the club aren't in debt. SISU are in debt with the banks, therefore going in to admin would not eradicate any owed money.

 

[BurbageSkyBlues]

If I recall, Sisu used the threat of admin (and the subsequent loss of shares, from shareholders) as leverage for all shareholders to hand over (free?) their shares. Those that did not oblige, were regarded as contributing to the demise of our club.

I have no doubt that they, and their investors, have benefitted previously in other deals, when others have lost out.

You reap what you sow......?

 

[dazzled2u]

Admin or takeover will make little difference - without owning the ground we will end up in the same situation again and again as there isn't enough income to sustain the club!!

Negative part of Admin will be the points deduction and another transfer embargo. If we enter Admin it won't take the administrators long to value our assets :facepalm:
A taker over and puchasing the ground is the only way forwards.

 

[Nick]

If I recall, Sisu used the threat of admin (and the subsequent loss of shares, from shareholders) as leverage for all shareholders to hand over (free?) their shares. Those that did not oblige, were regarded as contributing to the demise of our club.

I have no doubt that they, and their investors, have benefitted previously in other deals, when others have lost out.

You reap what you sow......?

Exactly, they forced people to hand over their shares but now don't want to give the same shares up for free?

 

[oldskyblue58]

they might give the shares up for free there is only £13k worth ........its the loans £24 million from the private equity funds they dont want to write off

 

[Nonleagueherewecome]

I suppose that's a major part of the problem. There hasn't been a venture-capitalist owned club go to the wall like this before, to my knowledge. They are more likely to be stubborn and work against the interests of the club than anyone else in this situation. They have to hold out for the best interest of the investors. Suddenly makes Geoffrey Robinson look human!

Remember that Dulieu quote, "We want a shot at getting your money back?". Which, with AT having Boothroyds budget and a good solid replacement for King (or keeping him) would have been more possible next season than any in the past 3. What happened to that? I assume it was just another lie spun to generate season ticket sales.

 

[CovisGod]

Admin or takeover will make little difference - without owning the ground we will end up in the same situation again and again as there isn't enough income to sustain the club.

I thought the talk was if we get taken over the ground was going to get paid off ? Or am I mistaken ? (probably)

 

[covcity4life]

why do people act like admin=fresh start with no worries????????