jonnyboy316
Player Valuation: £35m
I am struggling to see a way out of this mess for us. It looks like a perfect storm scenario has occurred where there is now a real risk that the end game could be the club going out of business.
We are currently in a situation where we are only able to meet our day to day running costs with the support of high interest loans from 777. Just one of several parties that we have borrowed huge sums from.
The general consensus is that 777 could be even worse owners than our current lot and that we would effectively become part of some Ponzi scheme. There is a chance the takeover won’t be ratified but where would that leave us?
Surely with the uncertainty hanging over the club no sane investor is going to swoop in. There are several creditors to pay off and the stadium to fund. How do people predict this is going to play out?
I think 777 won’t be ratified and things will unravel quickly from there. No alternative investor will swoop in in time and we will go into administration early next year. Another 9 points deducted and certain relegation. Work obviously ceases on the stadium. We will then receive huge fines from the civil courts from Leicester and Burnley that will send us into oblivion leaving us having to start again from the bottom of the pyramid
If we could have avoided the points penalty perhaps a suspended sentence I saw a potential path to salvation with possible interest from alternative parties to 777 but I think that is gone now.
Apologies for the depressing post but this is very sad
We are currently in a situation where we are only able to meet our day to day running costs with the support of high interest loans from 777. Just one of several parties that we have borrowed huge sums from.
The general consensus is that 777 could be even worse owners than our current lot and that we would effectively become part of some Ponzi scheme. There is a chance the takeover won’t be ratified but where would that leave us?
Surely with the uncertainty hanging over the club no sane investor is going to swoop in. There are several creditors to pay off and the stadium to fund. How do people predict this is going to play out?
I think 777 won’t be ratified and things will unravel quickly from there. No alternative investor will swoop in in time and we will go into administration early next year. Another 9 points deducted and certain relegation. Work obviously ceases on the stadium. We will then receive huge fines from the civil courts from Leicester and Burnley that will send us into oblivion leaving us having to start again from the bottom of the pyramid
If we could have avoided the points penalty perhaps a suspended sentence I saw a potential path to salvation with possible interest from alternative parties to 777 but I think that is gone now.
Apologies for the depressing post but this is very sad
