Ashley would put the club through a pre-pack admin process I suspect, and acquire for a significantly reduced sum by reducing creditor liabilities. The stadium at face value is a major issue that seems to require resolving. Ashley is an astute guy, he'll only do a deal if the terms suit him which I'm sure he wasn't the administrators preferred buyer. Quantumas fees just add to the malaise.
He can't pre-pack it when it's already in administration, he'll have to meet the terms of any settlement to acquire it in the first place.