This is one big dodgy pile of w*nk MLG. Chainrai, Kushnir, Gaydamak, Azougy - they all have history together. It's looking to me like they knew what they were doing from the very beginning, and i'm thinking that post-admin an even dodgier rich bloke will come in and get the club for sod all, with Chainrai and Gaydamak signing off on it.
Meh, what do I know.