: Tue Nov 17, 2009 5:12 pm
MDF wrote:
My apologies, as I don't follow City news closely (although, being a Bradford team, I wish them well), but is there currently a prospect of the club going into administration - either as an unavoidable or an engineered step?
The club has made a small profit, then a small loss in the last couple of financial years so, on the face of things, there aren't that many problems.
The spectre of an engineered administration has been raised over the last few weeks by people as being the only way the club could get out of the leasing arrangement with Gordon Gibb, or the Flamingo Land pension scheme.
It would be easy to dismiss it as nonsense, but the last administration was (allegedly) engineered by the powers that be at Valley Parade to get Gordon Gibb off the board - the money that they were using to pay the creditors from the first period (allegedly) dried up after the Gibb and Rhodes families fell out, but luckily the Rhodes family were able to find enough money from somewhere to put together an acceptable deal to the administrators.
If City do go down the road of shafting creditors again because of personal vendetta's then I know I won't be the only one who gives up on them until the present administration is removed, and I'd like to think the issue has only come up as a bit of scaremongering.
