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When PMG put a first charge on the squad

Thu Feb 25, 2010 12:58 pm

and became the number one creditor, I think it was pretty much decided what the inevitable fate of this club would be. As the final asset has now been ratified and sold off, then admin is inevitable. Don't believe for one minute that the club will be sold, as it aint worth more than a pound to anyone. Look at it sensibly, if the club goes to admin, PMG the real power brokers will probably recover most of their outstanding debt, which is all the care about. Borley will be left with some debt, but more fool him for backing Ridsdale and PMG to the hilt, they are all a bunch of back stabbers, so they all deserve what they get. Admin in my opinion is not as bad as many believe, the debs will be crushed as lond as a CVA is agreed, the club will become attractive to new investment. The supporters won't continue to be lied to and fleeced.