1976_Child Posted 1 July, 2009 Share Posted 1 July, 2009 The administrator's job is to get the best possible deal for the creditors as they can. So, given that SFC is still a going concern in that there are still 20-25 thousand fans willing to pay to watch football, given that all the facilities are still there what is to stop the administrators installing a management team to run the business until a buyer can be found? The only reason the creditors would not be prepared to accept such a deal would be if they genuinely thought that the club's assets (well SLH's assets) were worth more in a firesale than in a proper takeover. In the mean time there would be ticket sales, the squad will be on much less wages now (I assume, if not then they can be sold like Drew and McG). Plus I reckon if the adminstrators asked us fans to get to the home matches in order to pay the creditors i reckon we could fill the ground. Football clubs are not like normal businesses in that regard: we aren't customers, it is our club so the income stream will hold steady. Is there some technical FL rule about this? Didn't Leicester play a whole season in administration? Link to comment Share on other sites More sharing options...
gonzo Posted 1 July, 2009 Share Posted 1 July, 2009 I would say its outside of their remit. Their job is to get the best deal for the creditors, nothing more, nothing less. Link to comment Share on other sites More sharing options...
cellone Posted 1 July, 2009 Share Posted 1 July, 2009 If the administrator can get the creditors half thier money back from a company that has collapsed, then they have done thier job. People who work in this most pleasant field would be ideal for the sky soccer way of football, but for all the greed and strong arming they could have fun with they would still want to do something else next year. Link to comment Share on other sites More sharing options...
Jimbo Posted 2 July, 2009 Share Posted 2 July, 2009 debt for equity swap - depends on the creditors appetite to write off debt, take equity in a Newco and then install management team and play the waiting game. Link to comment Share on other sites More sharing options...
del boy Posted 2 July, 2009 Share Posted 2 July, 2009 We would get to 2.45 on a Saturday afternoon and he'd put the game back to the following week saying this is the last possible date on which the game could be played. Link to comment Share on other sites More sharing options...
Draino76 Posted 2 July, 2009 Share Posted 2 July, 2009 debt for equity swap - depends on the creditors appetite to write off debt, take equity in a Newco and then install management team and play the waiting game. Don't want this. Its like going to the dragons den and signing your business/life away. Link to comment Share on other sites More sharing options...
Ewell Posted 2 July, 2009 Share Posted 2 July, 2009 Have you actually seen how much Administrators charge per hour? No offence but yours is the dumbest suggestion I have heard in ages. Would anyone care to estimate Saints bill already? HOURLY RATES Partner - £450 Director - £370 Senior Manager - £340 Manager - £290 Assistant Manager - £240 Senior 2 - £215 Senior 1 - £210 Administrator 2 - £165 Administrator 1 - £120 Secretary - £110 Filing Clerk - £110 On these rates, these are the annual salaries: Partner - £1,314,000 Filing Clerk - £321,200 Excuse me but I'm off to do some 'filing'.... http://www.saintsweb.co.uk/forum/showthread.php?t=12007 Link to comment Share on other sites More sharing options...
sotonswan Posted 2 July, 2009 Share Posted 2 July, 2009 If the club can break even trading, why would Fry need to charge more than 1 or 2 days max per week? (Where interested parties may be able to make an acceptable offer, given a longer time-frame to get their **** together.) It would require the creditors consent, but they may feel it is a better option than a sale of (non footballing) assets. Its for them to decide. Link to comment Share on other sites More sharing options...
Ponty Posted 2 July, 2009 Share Posted 2 July, 2009 Who'd want that anyway? I don't see anything that assures me that BT could successfully run anything, except "up a huge bill". Link to comment Share on other sites More sharing options...
sotonswan Posted 2 July, 2009 Share Posted 2 July, 2009 On the other hand, if people round here really want CLOSURE, then who they hell am I to deny them? It's no skin off my nose if Totton becomes my second team. :/ Link to comment Share on other sites More sharing options...
CB Saint Posted 2 July, 2009 Share Posted 2 July, 2009 Have you seen how much flak Fry has got just dealing with the administration. Can't imagine he wants to do put up with it on a daily basis until some one pops up and buys the club. Bet he can't wait for it to be over. Up till now I always thought the most thankless job in football was refereeing. Link to comment Share on other sites More sharing options...
SaintRobbie Posted 2 July, 2009 Share Posted 2 July, 2009 The reason is simple. Fry cannot run the club as - correct me if I am wrong - the previous board need to be consulted for key decisions. Oh dear... back to square one. Link to comment Share on other sites More sharing options...
Eyes k8 Posted 2 July, 2009 Share Posted 2 July, 2009 The reason is simple. Fry cannot run the club as - correct me if I am wrong - the previous board need to be consulted for key decisions. Oh dear... back to square one. You have to have a viable exit strategy from administration to be allowed to play in the league, so having the administrator running the club would present something of a difficulty. Link to comment Share on other sites More sharing options...
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