No, because I didn’t back this owner that’s nearly killed the football club.
No, because I didn’t back this owner that’s nearly killed the football club.
His involvement in the MSP consortium is what's driving his viewpoints
Everything is possible, including administration
But it's unhelpful when it's suggested adminstration is inevitable, because it's not.
Yeah I mean it’s a total lottery. You can’t bank on the team overcoming a 9 point deduction next season and if you go down you might not be back in the PL for a decade.
toffeeblue9
Player Valuation: £35m
In fairness, there's nothing wrong with his logic. That isn't to say that administration is what will happen, but if you were looking to pick up the asset at as low a cost as possible, his thought process is a fair one.
You, me and most people will look at this as the least favoured option given the consequences it would have in terms of points deductions and people's livelihoods, but that isn't necessarily how an investor would see it.
He's getting an unfair shake of the stick here. We should absolutely hope this doesn't happen, but he's not scaremongering by suggesting it could happen.
It's not even just the 9 points
Administration means lots of players will be sold and we won't be able to replace them
Put the two together and I think we'd struggle to finish 19th never mind 17th
PKwalnuts
Player Valuation: £10m
When you make an investment you look at the longer term. They will assess the risk of admin getting it all cheaper, for what it'll all be worth when recovered. We will go through the pain, and they will ultimately reap their reward. Its a money game now, not a football club.
A financial guy on the echo pod with Matt Jones yesterday said if MSP get involved it will be to get us into BMD clean the club up from a financial point of view and then sell on in a couple of years
Kevsleftpeg
Player Valuation: £1.5m
The directors can put us into administration and any creditor with a qualifying floating charge can also put us into administration.
Of course it's possible, anythings possible and I don't see anyone ignoring it. I see people getting wound up by the continued parroting of it as if its the only option out there.
After you spend that £1 you are going to need a lot of money just to keep the club's head above water.
Just look at the last set of accounts and 92% of turnover is spend on wages. Interest payments for the RMF loan is 30 million per year without paying any of it.
Even without the fee's for finch farm and other bills of policing etc that takes us well over 100% of our turnover.
Throw in the interest payments for MSP and 777 and we are probably about 150% of turnover. Plus you have the remaining bill of the construction for the new stadium to build.
If someone bought the club for a quid they would probably have to do a cash injection straight away of 550 million to pay the debts off and in the region of 75 million to pay for the completion of the stadium.
Why would anyone be prepared to pay Moshiri any cash for a money pit???
Some potential buyers are waiting for administration so they can cut a deal with the administrator and get the club at a cheaper price. Unfortunately these people will be prepared to see the club go into administration then fork out 650 million straight away and pick it up for a fraction of the price.
Kevsleftpeg
Player Valuation: £1.5m
The only people who can put a company into administration are the directors and a qualifying floating charge holder if there is one.
Toffe3m4n
Player Valuation: £70m
Wasn't that meant to be 777's plan as well?
efcfanwirral
Player Valuation: £25m
Its not a bad plan if you've got the money to do it, and you're run like a normal business.
Kevsleftpeg
Player Valuation: £1.5m
Why would the 9 points not be this season of we win on Saturday and Luton don't?
