Wow, what a day!
Not against the law, just **** business practice to do so. Administrators look after themselves first, hence getting some mugs to underwrite - one suspects they have very cast iron guarantees.
They clearly can't be arsed with it all whilst reserving their position, smart.
Once the next PP is in hand, the liquidation value will likely exceed the value of running a 'football club'
Once the next PP is in hand, the liquidation value will likely exceed the value of running a 'football club'