if we get a new owner
Sun Mar 14, 2010 2:03 pm
probably already asked but,if we go into admin,does a new backer have to honour our season tickets for next season,again sorry if already asked 
Re: if we get a new owner
Sun Mar 14, 2010 2:05 pm
According to Ridsdale yes they do. And for once, I actually belive him
Re: if we get a new owner
Sun Mar 14, 2010 2:05 pm
Yes, it's a contract with the club.
Re: if we get a new owner
Sun Mar 14, 2010 2:11 pm
If he takes the club on as an ongoing concern then yes he would have to honour the STs.
If the club gets wound up like the tax man wants to do then we become creditors. Basically you can wave goodbye to your money.
If we go into admin and a new owner comes out of it then he does not need to honour the STs as we would have been treated like creditors like in a wound up scenario. We would most likely come out with nothing from the admin. However can yo uimagine any new owner asking 10,000 fans to renew? That would not be a good start would it.
If the club gets wound up like the tax man wants to do then we become creditors. Basically you can wave goodbye to your money.
If we go into admin and a new owner comes out of it then he does not need to honour the STs as we would have been treated like creditors like in a wound up scenario. We would most likely come out with nothing from the admin. However can yo uimagine any new owner asking 10,000 fans to renew? That would not be a good start would it.
Re: if we get a new owner
Sun Mar 14, 2010 2:21 pm
cheers lads thats covered it for me
Re: if we get a new owner
Sun Mar 14, 2010 3:38 pm
definatley, the riddler has a VERBAL agreement with them.