mattyd

We need a manager with real leadership skills and the current boss doesn't have it

Takeovers take months and involve accountants and lawyers. There is no quick fix. If there was no likelyhood of a deal then the administrator would look to liquidate SLH in order to secure as much for the creditors as possible. My guess is that any deal will involve accomodating the secured creditors (by way of a deal, not the full sum), football debts and then a token payment to SLH for the club. SLH will then be wound up.

There will be no administrators fee as SFC is not under his control.

A partner at begbis Traynor charges near to £500 per hour. Most of the work is at manager level

These suitors can now buy the club on the cheap, not be liable for the unsecured debt and start a fresh. With the bonus that Lowe and Co have gone.

The unsecured creditors will rank with the shareholders and recieve very little if anything. The secured loansd will have to be renegotiated as they are technically defaulted on insolvency and can be called in. In reality the bond holders will do a deal to keep repayments coming in. The biggest winner is the IP who may charge several hundred pounds an hour to unwind the issues

Administration is about the IP selling the assetts for as much as they can get. if £5 million came along they would accept if no other offers came. Most likely the estate will be sold in lots at auction. So the chances of us keeping the farm and the training ground may be small

Apart from the old Aldershot and Maidstone no club has gone bust in England for years. Why do we have to sell when smaller clubs in ths league do not? Wake up to the fact that we will end up with no players, no team and relegation!

This is inaccurate. The taxman has no preferential status and the pensions are safe. As for the jobs, many would be lost but the cost base would be lower and the debts paid. Admnistration is a form of protection from creditors.

Maybe the assett stripper Lowe is worried he might get injured before we sell him. Wake up people, LOWE is up to his old tricks. Under invest and we will go down again. Can you imagine any other club playing unknown players ahead of a player like that?

Hate is the wrong word, I don't hate him but want a man the shareholders would have sacked for his incompetence removed from the club he takes a huge wage which it can't afford from! Who else gets reappointed after a record of incompetence