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Could this happen to us?


Gorgiesaint
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I was going to title this the difference between the Premier League and the lesser mortals, but then it got me thinking.

 

http://news.bbc.co.uk/sport1/hi/football/teams/w/west_ham_utd/8068771.stm

 

The bit that intrigues me, and admittedly is a comment Mihir Bose who is never the most reliable journalist on the beeb, which says "If an amount cannot be agreed then the creditors of Hansa - West Ham's holding company - will effectively take over the club and wait for a better time to sell the Hammers."

 

Now WHU's holding company is in voluntary liquadation - arguably worse than the current predicament of SLH. Would Aviva & Barclays consider holding on to the club as a going concern rather than sell at a knock-down price?

 

As an add-on - why haven't WHU been docked 10 points like us (I know its run by the FA rather than the FL but its the same game)

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I would have thought it would be a lot better for Barclays, for all sorts of reasons not least PR, to run us rather than close us down and sell the assets.

 

Barclays business is obviously banking, not running football clubs, but they would get a better deal once the current economic climate has changed.

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