Didn't the administrator say they had nearly 60 interested parties when the club first went into administration? If so, it seems non of them are viable, makes you wonder why these people come out of the woodwork to post an interest when they have little chance of backing up their words. Quite a gesture from the owners agreeing to write off his debts, which give the club a chance of surviving.
Although they say written off 36m, wouldn't have been almost impossible for them to get anything more then about 25p per £1 Owed to them anyway now they are in admin?
That's still a £9m write-off and more importantly, without them writing it off, there's no way that the administrators would have made it to the 25p in the pound required to avoid another 15 point penalty next season.
So it would be even less then, I know it's still more then what any of us could afford to write off but it's definitely not £36m and it will also help them tax wise in other areas I presume
The point I was making was the owner agreeing to the write off was to give the club a chance of being able to pay 25p in the pound to avoid further punishment. Without that write off they would probably be doomed.
