If it is a "funded" Administration, then the lead creditor will pay, or a group of creditors. I hope it is this for your sake, as this might allow much more time to sort out a purchaser.

It it is an "unfunded" administration, then the Administrator works unfunded but takes his payment from the proceeds of whatever deal (sale or liquidation) that eventuates. This is a very high risk position for an Administrator, one that Guilfoyle vowed he would never do again - at least in the case of a football club. In the case of PAFC, Guilfoyle drove up his fees, ignoring a biddder that met all reasonable criteria (and was the eventual purchaser) in the hope of getting a bit more cash from a known local charlatan, and then bleated loudly when he had to be negotiated down at the death. If you are in the position of having an unfunded Administration then I don't think Guilfoyle will wait long - especially if there is real value in any of your assets.

So now the administrator makes all the coaching staff redundant - a week before a deadline for a buyer to come forward who may have wanted to retain them! Curious isn't it!!! Gutted for Potter especially, with the crap he had to put it with yet has still delivered a competitive squad and for Medley - been with the club over 20 years I guess and has brought on much of the talent we are now seeing (and probably losing). Looks very smelly

Hil1969 yes I realised as soon as I pressed the send button but thought what the...

This could be Guilfoyle calling any propective bidders bluff, drastic but probably needs to be done, hopefully it works and the Newco gets as many of the old staff back in, but I wont hold my breath!

Its simply a cost cutting measure.
As said, although it doesn't seem a good idea for the team/club, from a financial point of view it will still run without them.
The team losing doesn't make a difference to teh Administrator, he simply wants to keep costs low, and find a buyer, or retain enough oney to pay creditors.

Wakefield lost players that in hindsight did not really help financially at all once we were bought but the administrator did anyway. Just doing his job I suppose and I guess you don't become an administrator to be popular.

F Off Guffhole.

Not much has made me smile today, but that has.