www.creditman.biz/uk/members/new ... um=twitter Close to the edge as the club moves to appoint Administrators Just realised it has been posted elsewhere! Apologies. Please merg with other thread.

www.creditman.biz/uk/members/new ... um=twitter Close to the edge as the club moves to appoint Administrators Just realised it has been posted elsewhere! Apologies. Please merg with other thread.

The "£1m to complete the season" sounds grim.

Presumably "developments last Friday" was the HMRC winding up order? I thought we were more or less up to date with HMRC??

Sounding like my hopes may prove optimistic.

Sounds to me like its giving us more time.. that we've had to do this to stop HMRC winding us up..

i suppose if they need more time it's a good option. It also says though we didn't have a sustainable business plan which Hood was adamant we had which is worrying. Hopefully the rumours are true, there's something in the pipeline and we've had to do this whilst the finer details are being ironed out.

Very grim indeed.. that and the fact that they state ` the reality is that this is a loss making business`

Im sure Mr Hood assured us we had a sustainable business plan.. Fingers crossed we've only done it to buy more time whilst potential investors iron out finer details..

for us that dont know what this means

A "notice of intention of appointing administrators" is where the company files, at court, a document that outlines that they intend to go into administration if a solution cannot be found to their immediate financial problems. Once this is notice has been sent to the court a moratorium is created over the company preventing any creditor from starting any legal action or continuing any existing legal action against the company without express permission from the court.

Be interested in Frank W and Pauls comments on latest development as they were pretty certain last week that a financial solution was imminent. Hopefully as others have said this is just to give us breathing space whilst details are finalised.

Adey what happens at the end of 14 days if we don't appoint administrators? Do we officially withdraw the application of intent ?

Its now in the t&a - www.thetelegraphandargus.co.uk/s ... um=twitter

Its now in the t&a - www.thetelegraphandargus.co.uk/s ... um=twitter

It could well be that a financial solution was imminent but that the benefactor was put off (possibly temporarily) by the HMRC proceedings. No point him/her throwing their money away, as the fans may have done.

I get the impression it's purely delay tactics. However, this obviously conflicts with what I was given last week, so I'm no longer sure myself unless something happened pretty quickly.

If another piece of information is correct, we might not be the only club to be filing for administration in the next week or two.