Re: The two administrators : Mon Mar 03, 2014 9:05 am
Nothus wrote:
Yes but that was only for trade creditors, not toal creditors. HMRC, for example, would not be classed as a trade creditor.
So trade creditors were getting 100p in the £, that interview with Sadler is specific that the only creditor not getting paid would be Omar himself.
Can we now assume that HMRC was being counted as a trade creditor?
So then the RFL decision would seem to be based on the question of enough capital from BB2014?
So then the story about spreading the £600k Sky money deduction over 5 years rather than this year becomes important, and not an unreasonable request?
Which can be spun as Rimmer saying a £500k advance, or also basically correct as deferring a £500k penalty...