Quote: SRC "The club will not be going into administration as they would lose Craven Park which is, believe it or not, a very valuable asset (approx £4M). The new BOD have already stated that the debts will be re-structured and paid off over a longer term (10 years) - ie mortgaged against Craven Park.
The option I would look into would be to sell Craven Park, pay off the debts, bank a few bob and buy into groundshare with Barrow AFC - either at a new stadium or refurbished Holker Street (BAFC). As you can imagine, the groundshare issue is a bit of a hot potato - especially with our Wendyball friends.
It may be seen by many as a ehole, but Craven Park is an asset that secretly most Championship and Championship 1 Chairmen would love to own. The new BOD at Barrow have actively backed the ground develoment fund over the last 18 months (something that DJ didn't) so you'll find that even if a groundshare doesn't come about in the short/medium term, the old girl that is Craven Park will get knocked into shape with increasing speed.'"
Which is why I said it was an asset you could easily borrow against to buy yourselves time to sort out the current problems
Which is why those debts will not spell the end of BRRLC
Nowt wrong with CP ( apart from the floodlights
) IMO , it serves it's purpose , more important owning an asset ( well most of it ) that can generate income at our level , than having stands full of empty seats
I along with most Leigh and Championship fans wish you well for the future , a strong Barrow Raiders is a needed commodity in the Championships , all the best
