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"Administration" - A Question for the Learned

Distant Echo

By Distant Echo
in Hornchurch Forum

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Distant Echo Newbie

Distant Echo

Posted
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Is it true that when a club goes into "administration" all, or some, debts can be written off so that any new purchaser of the club is not liable to honour them? If this is so then "administration" would seem to be an inevitable step prior to finding a new owner - that is, of course, assuming club debts are significant. I believe the extent of club debts still needs to be confirmed to the masses (us).

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and1inthetree Newbie

and1inthetree

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ubs - think it is mate.

 

it is true that administration can help a club to write off a large chunk of their debts, or to have them greatly reduced. This is the reason that the FA originally imposed the 10 point deduction, as clubs who were not necessarily stuggling went into administration, and came out of it smelling of roses. QPR did this some years back, and would have been relegated had the 10 point rule been in place.

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Lazy Urchin Newbie

Lazy Urchin

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Anyone know anything about the potential share issue? Saw an advert in the programme and called the club a few times but never got through...

Is this still going ahead or will administration supersede this? or are we going to get bought by a new sugar daddy <img src="/forum/images/graemlins/wink.gif" alt="" />

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The Town Crier Newbie

The Town Crier

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N <img src="/forum/images/graemlins/ignore.gif" alt="" /> <img src="/forum/images/graemlins/ignore.gif" alt="" /> <img src="/forum/images/graemlins/ignore.gif" alt="" /> <img src="/forum/images/graemlins/ignore.gif" alt="" /><img src="/forum/images/graemlins/ignore.gif" alt="" />

<img src="/forum/images/graemlins/ignore.gif" alt="" /> <img src="/forum/images/graemlins/ignore.gif" alt="" /> <img src="/forum/images/graemlins/ignore.gif" alt="" />e <img src="/forum/images/graemlins/ignore.gif" alt="" />d <img src="/forum/images/graemlins/ignore.gif" alt="" />

 

 

Where's Old Hack?... I bet he know's

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Uncle Urchin Newbie

Uncle Urchin

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he does know everything.... but was last seen pissed as a fart... dressed as santa with a chinese bint on either arm entering the 'karma sutra' massage parlour in canary wharf...

 

he was heard to mutter to his companions....

 

'you can both come and work at the new lap dancing club in billericay after xmas'.....

 

anyone know where that is....?... <img src="/forum/images/graemlins/grin.gif" alt="" /> <img src="/forum/images/graemlins/grin.gif" alt="" /> <img src="/forum/images/graemlins/grin.gif" alt="" /> <img src="/forum/images/graemlins/grin.gif" alt="" /> <img src="/forum/images/graemlins/grin.gif" alt="" /> <img src="/forum/images/graemlins/grin.gif" alt="" /> <img src="/forum/images/graemlins/grin.gif" alt="" />

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Old Hack Newbie

Old Hack

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Posted

'ere...fish fryer...never mind about hic..me being a drunk...its chrissie and I'm busy forgeing documents for the sun and the news of....

 

anyway...I'm all up for this.... hic hic...nooo lap dancing club that you've started at ...hic...hic....pride park or whatever its called.... so I'll be there on noo years eve with the bimbos....sorry...hic....young ladies...

 

make sure the sausages are cooked properly this time.... <img src="/forum/images/graemlins/ghost.gif" alt="" />

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