08-04-2023, 14:37
(08-04-2023, 12:21)Blue Baggie Wrote:(08-04-2023, 11:42)drewks Wrote:(08-04-2023, 09:22)Blue Baggie Wrote: 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.
I hope such people exist.
How many Albion fans/followers are there? (Say 150-200,000?) Just thinking of how the dissolution of the Club will affect that great number, horrifically, should fill Jeremy Peace with utter shame, or even suicidal thoughts.
I was a great admirer of how he led us back to the big time. Some said he wasn't ambitious enough, but he did it pragmatically, we shouldn't forget.
But what made the bloke sell us to such a tw*t without serious consideration? Was it just for the big £££ ? How can anyone sell 150,000 of his own people down the toilet just for his own personal fortune? He and his family will struggle to spend all that loot in their lifetime!
Save your skin, ego, and reputation, Jeremy, and set up a deal to buy the Club back again. It will give you more pleasure and satisfaction than being a Black Country Trump.
Start every day off with a smile and get it over with