Quote Fax Machine="Fax Machine"One thing to remember though is that if someone wants to buy out a company they often insist that all staff are first made redundant. They can then, if they wish, re-employ those employees without inheriting the redundancy liabilities.'"
But surely there wouldn't be redundancy liabilities if they didn't make them redundant? If they've done this, one would presume it's so they can renegotiate their salaries downwards, which is something they might not accept.
There is no hint from the administrator that this is the reason either. They are making it out to be a result of no buyer being found.
Bad times for the Bulls. Who are they playing this weekend? Might be in for a massive scoreline if it's someone decent.