SaintNeil90 Posted 23 April, 2009 Share Posted 23 April, 2009 Ok so the Holding Company has gone into administration which means it cannot now run one of its assets, 'the football club'. Now put it this way, say I was the owner of the football club and I went bankrupt. I could then sell assets to cover the debt. And the football club wouldnt be at fault and this would not be grounds to get any points deducted. Now the Holdings Company has gone into admin we know that, and its now got time to sell its assets to cover its debt. This brings me to the point of how can the league deduct points from a club that is only an asset of a company that has gone bust? Link to comment Share on other sites More sharing options...
trousers Posted 23 April, 2009 Share Posted 23 April, 2009 Now the Holdings Company has gone into admin we know that, and its now got time to sell its assets to cover its debt. This brings me to the point of how can the league deduct points from a club that is only an asset of a company that has gone bust? It can't (IMHO of course) Link to comment Share on other sites More sharing options...
badgerx16 Posted 23 April, 2009 Share Posted 23 April, 2009 It can't (IMHO of course) It can because Mawhinney is like Bernie Ecclestone with F1- he makes the rules up as he goes along. Link to comment Share on other sites More sharing options...
Leslie Charteris Posted 23 April, 2009 Share Posted 23 April, 2009 So if the administrators sell SFC to a third party to pay off SLH's debt and the new owners have the dosh to run SFC properly, we get our points back, right? Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now