Hes at it again today! Talking about how 'he can't see' us going into admin, and can only see us going into liquidation......all because the CET say so!
My dad just said 'well if a man like Linell thinks that will happen then.....' I stopped him before he could finish and said 'he's a twat...'. He didnt finish his sentence
He has a point though. Admin makes more sense now than it did say 12 months ago because of the rent arrears, but it still doesn't make much sense because the main creditors are SISU themselves. Liquidation would make more sense from a 'cut their losses' point of view because SISU would be the main benefactors of the fire sale of assets (not that we have much), than they would from administration (either way they'd still lose big time). I'm not an expert on these matters I admit, but the noises all along from those within the club are that if SISU walk it will be liquidation rather than administration - but perhaps this is ultimately out of their control. Who knows. Part of me wishes this comes to a head one way or another soon.