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So they had REALLY poor financial management in that case What differes between fans suffering because their clubs owners poorly managed a low turnover or a high turnover? Either way they have mismanaged their situation and it is the fans who suffer if they go under.

We were a boardroom takeover away from liquidation.

Be curious to know what the other liabilities they've cleared are. I get them stretching creditors, as they appear to have done on a couple of loans, but to clear £1.5m of future costs and liabilities?

Thanks. So if an offer was made to buy out the club, would the administrators also place a value on the footballers as an asset? Ie, the offer being made to buy the clubs assets would include those player valuations? Because, as I understand it, when the admin is considering an offer for the...

A question for someone who understands football insolvency. Do players get recognised as an asset during an administration? Obviously they are employees, but unlike most business sectors, these are employees who other 'companies' can buy. Or, are the players contracts so watertight now that...