isaac1 wrote:
Adey, would these current shareholders being an interested party make a prepack administration a possibility?
Not so much a prepack - you can only really do one of those from the inside.
They would still have to do the due dilligence - the statement says that in code - so there would be a delay. However, at least that lot would have an inside track which would likely reduce that period to a minimum. Especially if they get Ryan onside.
If they end up engineering it so the club goes into administration, the pledge money will do nothing to help the club going forward. If Mr Hood and Mr Bennett believe they are being so engineered, they cannot call in the pledges. My tentative conclusion is that it is in the club's and fans interests to continue with the pledge campaign. And, same argument applies, regardless of who will be in charge in the future. Since without it administration would seem to be a certainty anyway. But I need to think about this a lot more, and I think some official statements would be more than a bit useful. time precludes that right now