Cardiff City Forum



A forum for all things Cardiff City

Would you take the hit of administration....

Fri Nov 27, 2009 1:23 pm

Just to get out of this mess we're in?

Re: Would you take the hit of administration....

Fri Nov 27, 2009 2:12 pm

Ross Young wrote:Just to get out of this mess we're in?


Ross, I thought about it once and for all start with a clean slate,Still unsure about it though, but we do need a clean slate.

Re: Would you take the hit of administration....

Fri Nov 27, 2009 2:15 pm

If we go in administration now, I believe we are good enough to stay in the division, even if we have to lose one or 2 players. However, if we take the 10 point hit next season, involuntarily, then we could struggle to attract players good enough to claw back the 10 points and could struggle to stay in this division. If we are going to do it, take it now, voluntarily, and wipe everything clean. We start afresh next season

Re: Would you take the hit of administration....

Fri Nov 27, 2009 2:17 pm

we dont want admin! trust me

Re: Would you take the hit of administration....

Fri Nov 27, 2009 2:33 pm

Admin isn't the silver bullet a lot of people think it is. You can only get out of it and carry on playing if the majority of your creditors accept your proposal (10p in the £ or whatever). PMG wouldn't agree to take that hit. We would then be liquidated and as preferential creditors, the taxman and PMG would get 1st dibs on whatever funds were raised from the sale of assets. It would screw up Langston but CCFC would no longer exist.