Why on earth do people not understand this.
1. Most of our debt is owed to directors.
2. The "upside" of administration - if you can have an upside to screwing people out of money that you owe them - is that you get to write off a (probably large slice) of money that you know.
3, If our directors wanted to lose the money they've leant to club they could simply write it off without the 15 point hit, and without becoming one of the dirty bunch of thieving administration jockey clubs.
This really isn't difficult, can we just bin this? Please?
Comments
1. Most of our debt is owed to directors.
2. The "upside" of administration - if you can have an upside to screwing people out of money that you owe them - is that you get to write off a (probably large slice) of money that you know.
3, If our directors wanted to lose the money they've leant to club they could simply write it off without the 15 point hit, and without becoming one of the dirty bunch of thieving administration jockey clubs.
This really isn't difficult, can we just bin this? Please?
You put it much more succinctly than I did in my post above.