Can anyone on here who's been involved in business

explain to us what the pros and cons may be, for interested investors in our club, by investing now or waiting until the club goes into administration. The way I see it with a limited knowledge would be.
Buy Now
10p to 25p a share
pay all historic debts off £20 million
Inherit a decent team of players, on large wages
A decent manager in place, on large wages
A stadium up and running, but with limited income streams
Starting with £2.6 million less from ticket sales

Buy after Admin
Start next season with a 10 pt deficit
Pick the club up for nothing
Agree 50p in the pound on £20 million or see players sold to pay off PMG £9 millon
New manager
Take back ownership of th stadium with all guarantees once again given to the council
Starting with £2.6 million less from ticket sales

I'm probably missing a lot, but that's wht I am asking for those with knowledge. I really can't see why anyone would invest in the club now, rather than pick it up for relatively little when in administration.

explain to us what the pros and cons may be, for interested investors in our club, by investing now or waiting until the club goes into administration. The way I see it with a limited knowledge would be.
Buy Now
10p to 25p a share
pay all historic debts off £20 million
Inherit a decent team of players, on large wages
A decent manager in place, on large wages
A stadium up and running, but with limited income streams
Starting with £2.6 million less from ticket sales

Buy after Admin
Start next season with a 10 pt deficit
Pick the club up for nothing
Agree 50p in the pound on £20 million or see players sold to pay off PMG £9 millon
New manager
Take back ownership of th stadium with all guarantees once again given to the council
Starting with £2.6 million less from ticket sales

I'm probably missing a lot, but that's wht I am asking for those with knowledge. I really can't see why anyone would invest in the club now, rather than pick it up for relatively little when in administration.

you my friend are spot on. Unless it was a billionaire who could afford to throw away £30 to £40 million.

explain to us what the pros and cons may be, for interested investors in our club, by investing now or waiting until the club goes into administration. The way I see it with a limited knowledge would be.
Buy Now
10p to 25p a share
pay all historic debts off £20 million
Inherit a decent team of players, on large wages
A decent manager in place, on large wages
A stadium up and running, but with limited income streams
Starting with £2.6 million less from ticket sales

Buy after Admin
Start next season with a 10 pt deficit
Pick the club up for nothing
Agree 50p in the pound on £20 million or see players sold to pay off PMG £9 millon
New manager
Take back ownership of th stadium with all guarantees once again given to the council
Starting with £2.6 million less from ticket sales

I'm probably missing a lot, but that's wht I am asking for those with knowledge. I really can't see why anyone would invest in the club now, rather than pick it up for relatively little when in administration.

you my friend are spot on. Unless it was a billionaire who could afford to throw away £30 to £40 million.

Buy after admin - it's a myth it's only 10 points. It entirely depends precisely HOW you come out of admin. Could easily be a 30 point penalty.

The other points you've missed are, buy now, you get it. Buy later, well, increased chance others come along, and it's up to the administrator to get best deal for creditors.

Person A may have £2bn, lookin to invest £500m overall in club but wants to pay creditors 10p in the pound. Person B may have £450m, only wants to invest £2m or less in the club but is willing to pay creditors 75p in the pound.

Administrators duty is repaying creditors, not the club being a success in the future.

As for the stadium ownership, not sure. We can't sell it for I believe the duration of the Blues contract. That was designed to stop someone getting stadium built then flogging it ASAP. Or selling it to a mystery overseas company then charging rent. Not sure what would happen in the event of admin; may well revert to council.

We don't even know if admin is a real possibility anyway, I doubt any of the board really want it - same with PMG even though their debts are secured.

How long would it take to build up a decent squad again? If whoever buys us wants to spend money on the team they'd have to spend a lot more to get the type of squad we had before

Assuming we sell our best players for peanuts ( two top scorers in the division! ) we'd be left with the same fringe players that aren't good enough on probably quite high wages.

We'd start off next season with minus points - I think the amount depends on whether we actually manage to agree a settlement with the creditors. There's no guarantee it would be only 10.

So we'd start with minus points, with probably a new manager and depending on who was brought it would probably leave is with a pretty awful squad. Relegation battle would not be a surprise

Assuming the malaysians or whoever are serious about the premiership, and that's what they would probably be aiming for if they watned to make money it would make no sense in my opinion to lose our best players, start on minus points and risk relegation if we wanted to aim for the premiership.

The Langston and PMG debts are longterm debts anyway that woudn't require immediate payment anyway I don't think. Obviously we have current stadium fit out debts that would need to be settled if someone was to takeover now

i can't remember what else I was going to say but administration is not a good option in my opinion

explain to us what the pros and cons may be, for interested investors in our club, by investing now or waiting until the club goes into administration. The way I see it with a limited knowledge would be.
Buy Now
10p to 25p a share
pay all historic debts off £20 million
Inherit a decent team of players, on large wages
A decent manager in place, on large wages
A stadium up and running, but with limited income streams
Starting with £2.6 million less from ticket sales

Buy after Admin
Start next season with a 10 pt deficit
Pick the club up for nothing
Agree 50p in the pound on £20 million or see players sold to pay off PMG £9 millon
New manager
Take back ownership of th stadium with all guarantees once again given to the council
Starting with £2.6 million less from ticket sales

I'm probably missing a lot, but that's wht I am asking for those with knowledge. I really can't see why anyone would invest in the club now, rather than pick it up for relatively little when in administration.

you my friend are spot on. Unless it was a billionaire who could afford to throw away £30 to £40 million.

or a consortium of 5 multi millionaire/billionaires

We don't even know if admin is a real possibility anyway, I doubt any of the board really want it - same with PMG even though their debts are secured.

How long would it take to build up a decent squad again? If whoever buys us wants to spend money on the team they'd have to spend a lot more to get the type of squad we had before

Assuming we sell our best players for peanuts ( two top scorers in the division! ) we'd be left with the same fringe players that aren't good enough on probably quite high wages.

We'd start off next season with minus points - I think the amount depends on whether we actually manage to agree a settlement with the creditors. There's no guarantee it would be only 10.

So we'd start with minus points, with probably a new manager and depending on who was brought it would probably leave is with a pretty awful squad. Relegation battle would not be a surprise

Assuming the malaysians or whoever are serious about the premiership, and that's what they would probably be aiming for if they watned to make money it would make no sense in my opinion to lose our best players, start on minus points and risk relegation if we wanted to aim for the premiership.

The Langston and PMG debts are longterm debts anyway that woudn't require immediate payment anyway I don't think. Obviously we have current stadium fit out debts that would need to be settled if someone was to takeover now

i can't remember what else I was going to say but administration is not a good option in my opinion

My view is there will come a point where the board has no choice, at the current rate it may be sooner than we expect, as I think they have run out of cash (ie new 6000 season ticket deal) they are desperate to raise any cash whatsoever. So then revert back to getting someone in who will want to get the club at a steal from the admin and use the cash they may have used to BUY it from the board for investment ,wages etc. To me its not Rocket Science.
You would have to be barking mad to buy it from the board in its current state. Unless as I stated earlier you had £30 million you could afford to waste. ie a billionaire.

explain to us what the pros and cons may be, for interested investors in our club, by investing now or waiting until the club goes into administration. The way I see it with a limited knowledge would be.
Buy Now
10p to 25p a share
pay all historic debts off £20 million
Inherit a decent team of players, on large wages
A decent manager in place, on large wages
A stadium up and running, but with limited income streams
Starting with £2.6 million less from ticket sales

Buy after Admin
Start next season with a 10 pt deficit
Pick the club up for nothing
Agree 50p in the pound on £20 million or see players sold to pay off PMG £9 millon
New manager
Take back ownership of th stadium with all guarantees once again given to the council
Starting with £2.6 million less from ticket sales

I'm probably missing a lot, but that's wht I am asking for those with knowledge. I really can't see why anyone would invest in the club now, rather than pick it up for relatively little when in administration.

you my friend are spot on. Unless it was a billionaire who could afford to throw away £30 to £40 million.

or a consortium of 5 multi millionaire/billionaires

Thats also True

explain to us what the pros and cons may be, for interested investors in our club, by investing now or waiting until the club goes into administration. The way I see it with a limited knowledge would be.
Buy Now
10p to 25p a share
pay all historic debts off £20 million
Inherit a decent team of players, on large wages
A decent manager in place, on large wages
A stadium up and running, but with limited income streams
Starting with £2.6 million less from ticket sales

Buy after Admin
Start next season with a 10 pt deficit
Pick the club up for nothing
Agree 50p in the pound on £20 million or see players sold to pay off PMG £9 millon
New manager
Take back ownership of th stadium with all guarantees once again given to the council
Starting with £2.6 million less from ticket sales

I'm probably missing a lot, but that's wht I am asking for those with knowledge. I really can't see why anyone would invest in the club now, rather than pick it up for relatively little when in administration.

Im just guessing here but i reckon the talks with the Malaysians coming up are how to pull the club out of Admin as quickly and cleanly as possible.

explain to us what the pros and cons may be, for interested investors in our club, by investing now or waiting until the club goes into administration. The way I see it with a limited knowledge would be.
Buy Now
10p to 25p a share
pay all historic debts off £20 million
Inherit a decent team of players, on large wages
A decent manager in place, on large wages
A stadium up and running, but with limited income streams
Starting with £2.6 million less from ticket sales

Buy after Admin
Start next season with a 10 pt deficit
Pick the club up for nothing
Agree 50p in the pound on £20 million or see players sold to pay off PMG £9 millon
New manager
Take back ownership of th stadium with all guarantees once again given to the council
Starting with £2.6 million less from ticket sales

I'm probably missing a lot, but that's wht I am asking for those with knowledge. I really can't see why anyone would invest in the club now, rather than pick it up for relatively little when in administration.

you my friend are spot on. Unless it was a billionaire who could afford to throw away £30 to £40 million.

Buy after admin - it's a myth it's only 10 points. It entirely depends precisely HOW you come out of admin. Could easily be a 30 point penalty.

The other points you've missed are, buy now, you get it. Buy later, well, increased chance others come along, and it's up to the administrator to get best deal for creditors.

Person A may have £2bn, lookin to invest £500m overall in club but wants to pay creditors 10p in the pound. Person B may have £450m, only wants to invest £2m or less in the club but is willing to pay creditors 75p in the pound.

Administrators duty is repaying creditors, not the club being a success in the future.

As for the stadium ownership, not sure. We can't sell it for I believe the duration of the Blues contract. That was designed to stop someone getting stadium built then flogging it ASAP. Or selling it to a mystery overseas company then charging rent. Not sure what would happen in the event of admin; may well revert to council.

you say "Administrators duty is repaying creditors, not the club being a success in the future."

Actually thats not correct, an Admins role is to try and refloat the boat.

you say "Administrators duty is repaying creditors, not the club being a success in the future."

Actually thats not correct, an Admins role is to try and refloat the boat.

Well, yes and no really, Steve. The preference always has to be ensuring the creditors get repaid as much as possible , in some cases it may be the company isn't salvageable - lack of buyers, for example. If the company can continue, all well and good.

In practise, most companies go the CVA route to control the process - or CVL for liquidation. Had a company scam me out of a fair whack by going the CVL route.

Meh, now you mention it, probably mixing CVA and CVL up.

Im just guessing here but i reckon the talks with the Malaysians coming up are how to pull the club out of Admin as quickly and cleanly as possible.

Thats an interesting statement and quite feasable as well.

Im just guessing here but i reckon the talks with the Malaysians coming up are how to pull the club out of Admin as quickly and cleanly as possible.

Thats an interesting statement and quite feasable as well.

Would all make sense from most angles.

do you have to be in admin to do a cva, cant one be done without admin say pay the creditors 60% rather than 20% if we went in to admin?

explain to us what the pros and cons may be, for interested investors in our club, by investing now or waiting until the club goes into administration. The way I see it with a limited knowledge would be.
Buy Now
10p to 25p a share
pay all historic debts off £20 million
Inherit a decent team of players, on large wages
A decent manager in place, on large wages
A stadium up and running, but with limited income streams
Starting with £2.6 million less from ticket sales

Buy after Admin
Start next season with a 10 pt deficit
Pick the club up for nothing
Agree 50p in the pound on £20 million or see players sold to pay off PMG £9 millon
New manager
Take back ownership of th stadium with all guarantees once again given to the council
Starting with £2.6 million less from ticket sales

I'm probably missing a lot, but that's wht I am asking for those with knowledge. I really can't see why anyone would invest in the club now, rather than pick it up for relatively little when in administration.

Im just guessing here but i reckon the talks with the Malaysians coming up are how to pull the club out of Admin as quickly and cleanly as possible.

It's not often I agree with you Daya, I have been thinking along the same lines. It's the only logical route, from the Malaysians point of view that makes sense. From the boards viewpoint, again it seems to be the only route open, as they are not prepared to put any more money in and need to be seen to be doing everything to exhaust all income streams in keeping the club afloat, to go into genuine administration.

explain to us what the pros and cons may be, for interested investors in our club, by investing now or waiting until the club goes into administration. The way I see it with a limited knowledge would be.
Buy Now
10p to 25p a share
pay all historic debts off £20 million
Inherit a decent team of players, on large wages
A decent manager in place, on large wages
A stadium up and running, but with limited income streams
Starting with £2.6 million less from ticket sales

Buy after Admin
Start next season with a 10 pt deficit
Pick the club up for nothing
Agree 50p in the pound on £20 million or see players sold to pay off PMG £9 millon
New manager
Take back ownership of th stadium with all guarantees once again given to the council
Starting with £2.6 million less from ticket sales

I'm probably missing a lot, but that's wht I am asking for those with knowledge. I really can't see why anyone would invest in the club now, rather than pick it up for relatively little when in administration.

Im just guessing here but i reckon the talks with the Malaysians coming up are how to pull the club out of Admin as quickly and cleanly as possible.