Mon Feb 08, 2010 11:05 am
Mon Feb 08, 2010 11:08 am
Mon Feb 08, 2010 11:55 am
ihatealiens wrote:nah the feckers lying If we are in as deep as I think, we will find out tomorrow and Administrators will be appointed before the court appoints them. I hope not but squeaky bum time is upon us.
Mon Feb 08, 2010 12:05 pm
OnceaBluebird wrote:ihatealiens wrote:nah the feckers lying If we are in as deep as I think, we will find out tomorrow and Administrators will be appointed before the court appoints them. I hope not but squeaky bum time is upon us.
On Wednesday the court will not appoint Administrators. That is not their function They wil either agree or dismiss the petition to wind us up. At that point, if it is the latter, Liquidators will be appointed whose role will be to sell all the remaining assets for the best price possible to the benefit of creditors. I believe that the players contracts will revert to the Football League. Secured creditors, ie the bank, PMG could not allow that to happen so if there is the sliughtest chance of the petition succeeding then Aministrators will beappointed by one or more of the secured creditors, most likely on Tueasday.
Mon Feb 08, 2010 12:30 pm
ihatealiens wrote:OnceaBluebird wrote:ihatealiens wrote:nah the feckers lying If we are in as deep as I think, we will find out tomorrow and Administrators will be appointed before the court appoints them. I hope not but squeaky bum time is upon us.
On Wednesday the court will not appoint Administrators. That is not their function They wil either agree or dismiss the petition to wind us up. At that point, if it is the latter, Liquidators will be appointed whose role will be to sell all the remaining assets for the best price possible to the benefit of creditors. I believe that the players contracts will revert to the Football League. Secured creditors, ie the bank, PMG could not allow that to happen so if there is the sliughtest chance of the petition succeeding then Aministrators will beappointed by one or more of the secured creditors, most likely on Tueasday.
Thats what I said Administrators would be appointed tomorrow. An Administrator can be appointed by the courts – on application from a creditor, directors or partners.
Mon Feb 08, 2010 12:42 pm