Presumably the loan made to pay wages would be deducted from any agreed sale price for the club - but that assumes he's successful in acquiring it. I doubt the guy who's bought Pride Park would have made that loan without some sort of security, but now he's actually bought the ground, that can't be involved because he owns it. What else tangible is there? Have the administrators got the power to guarantee the wages loan payment personally? I doubt it very much so what other assets do the club possess - maybe players? Have they got anyone contacted worth more than five bob?
What a tangled web...... The info you've provided paints a bizarre picture. There must be some logic in it, though I dont see it. Sounds like the guy mentioned has stitched himself up. Im waiting for it to go t!ts up so he can take himself to court. Surprised the administrators have allowed it to happen.
An odd side thread in the frozen midlands. I assume his £1.6m is gone. Exclusive: Wayne Rooney's agent investigated for secretly paying Derby County wages (yahoo.com)
It just keeps getting worse. That said the thought of a parasite losing out isn't wholly disagreeable.
The fuggers are signing Hourihane and James Chester, how can a club with no money and still paying Tom Lawrence £20k a week (more than most teams can afford ) suddenly be allowed to start buying players like this?? Fugging cheats have been helped by EFL, not shafted by them, as most of their fans cry
This is frankly unbelievable- how can a club afford the wages of these 3 players given their financial meltdown????
To be honest nin, the whole business of administration baffles me. To my over simplistic and untrained eyes, it seems to me that going into administration is just a way of getting a new start and it's only the creditors that suffer.
