[Blue Baggie]

We are in a dilemma our owners refuse to invest and we continue to slide further into debt. I can't see anything but administration to get rid of our owners. The sooner the better IMO

I've never thought about what 'being in administration' REALLY means...... does it take a club out of the hands of the owner and make it available to the highest bidder, for example?

Simply put answers only, please! 

MSD now being owed £25m (Inc interest) could insist the club is wound up if it fails to repay it's loan payments. If we failed to pay let's say the £7.5 million owed to Hudds for Grant that would end up as  transfer embargo situation. Failing to pay taxes can result in administration where all assets could be sold to the highest bidder. The probable outcome IMO is that MSD will will take control and find a new suitable owner who has funds to pay them and financially secure the business.
Where we are then who knows, but IMO we will be at the lower end of the table or relegated
We can join many other great clubs that have fell from grace.