isaac1 wrote:
its my understanding that its common practice for an insolvency firm to first of all conduct a thourough look at the books, followed by advising the club on its next steps. IIRC, the statement / notice put out last week, enables the club to appoint its own preffered administrators, whereas if we'd had HMRC issue a winding up order, they could have appointed the administrator for us.
This way, admin can be quicker and we can be out of it sooner as the administrator is more familiar with the business.
HMRC cannot appoint an administrator. They would need the High Court to appoint following petition from creditor/s.
I always said I assumed it would be an insolvency practitioner conducting the "Review". Doubtless one reason they strove so hard to keep the identity secret.
This all looks like its playing out to the conclusion that so many felt was per-ordained. I am working on the basis that there is no way you can trust a word of what anyone is saying, in the game that is now approaching the endgame.
Seems increasingly probable to me that we will have half the team next year we currently have. And may well be playing at VP. All those who were so sure of a bright new future under Caisley, a return to the shining city on the hill, doubtless still subscribe to that view, notwithstanding their relative silence of late?
