Administration

[Forbury Lion]

If I was chairman I could see how it may make financial sense to load the club with debts, siphon out money as payments to shareholders (me) and repayment of loans plus interest to investors (me) and then making the most of limited liability afforded to shareholders have the club go into administration, points deduction and then buy it back a debt free club from the administration people for less than you earn't from it.

Reminds me of Leicester a few seasons ago.

[Ian Royal]

is that a reference to leeds as well?

[Streets]

I hope to God we never find out.

[Dirk Gently]

Except that this is something that JM would never do. For all his faults he fundamentally believes that all debts should be paid in full and runs his businesses that way - for instance a few years ago when Exeter were in trouble and football clubs were reducing what they would accept from Exeter we were they only club to insist on payment in full.

Because of JM's principle that a debt is a debt I can't see him ever knowingly taking advantage of insolvency laws like numerous other chairmen have.

[working class hero]

Except that this is something that JM would never do. For all his faults he fundamentally believes that all debts should be paid in full and runs his businesses that way - for instance a few years ago when Exeter were in trouble and football clubs were reducing what they would accept from Exeter we were they only club to insist on payment in full.

Because of JM's principle that a debt is a debt I can't see him ever knowingly taking advantage of insolvency laws like numerous other chairmen have.

A debt is a debt when someone else owes you money.

A debt may be an opportunity if you owe someone else. A big difference.

[Forbury Lion]

A debt may be an opportunity if you owe someone else. A big difference.

Someone once told me...... If you owe the bank £10,000 you jump when they say jump, If you owe the bank £10 million they jump when you say jump.

[Tinrib]

If I was chairman I could see how it may make financial sense to load the club with debts, siphon out money as payments to shareholders (me) and repayment of loans plus interest to investors (me) and then making the most of limited liability afforded to shareholders have the club go into administration, points deduction and then buy it back a debt free club from the administration people for less than you earn't from it.

Reminds me of Leicester a few seasons ago.

You are Ron Noades AICMFP