Qatar World Cup bid member!
May 8, 2019, 2:11 PM
Team(s): Tranmere Rovers, South Liverpool (the South will rise again), Cammell Laird
Until someone discovers how to extract blood out of a stone then, assuming a buyer is not forthcoming, administration then potentially liquidation are the only remaining steps available. Bad debts are an inevitable part of business and business people understand that and try to mitigate against it. Once in administration, any new owner that brings the club back out of it will likely want/need to re-establish both goodwill amongst the community and trading relationship with at least some of the creditors - relationships which will likely be far more beneficial to those creditors in the long run than expelling the club from the league in the vain hope they'd ever generate enough funds to pay back even a fraction of the original debt. Same principle would apply if it ever reached the liquidation stage and we were talking about a phoenix club.
Re: [windydcfc] Bolton Wanderers "hours from administration"
Saying all that, I wouldn't be averse to seeing them have a taste of non-league football, but that's purely because of past rivalries!
(This post was edited by paulh66 on May 8, 2019, 2:22 PM)