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If We Do Go Into Admin; just what will it mean in layman's terms
Topic Started: Dec 10 2011, 11:50 AM (864 Views)
royalblue
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royalblue
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Administration if it does come would open the way for the club to be sold but right now there is no sign that this is imminent. It is important to remember that Sullivan and the Golds were looking to sell for sometime before Yeung showed up and we may not have a billionaire in the wings ready to show Man City and Chelsea what spending real money looks like!

The publication of the BIH accounts have been delayed until the 1st Feb 2012 and at present only a few can really know what they look like. I suspect much will depend on what the state of the holding company really is but the noises about this were not encouraging when the delay in releasing the figures was announced.

The next test will be the transfer window and what players go and if any come in to replace them. Trying to look for the positives we did actually sign two players for transfer fees in the summer plus a couple of loans. We appointed an assistant manager just recently and that is hardly the actions of a club desparate to save every penny. The removal of the overdraught has got this administration rumour bandwagon going again recently and Portmoth's problems have got the media focussed on the subject for both clubs right now.

Let's wait and see what develops. The truth is that it is out of our hands anyway and speculation is just that speculation!

Let your heart beat strong and all taht. :rolleyes:
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poppa999
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Mikael Forssell
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We probably don't owe the taxman because the books have yet to be signed off. The bank have probably been appraised of the likely situation and removed the overdraft, which speaks volumes. :break:
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