I feel really sorry for you guys at the moment.
I would hate anything like this to happen to my club.
I hope you can pull through this and come back even stronger.

"In the UK, an administration order is a process designed to protect limited companies from their creditors while a debt restructuring plan is carried out and presented to creditors and courts".

The "new owners" will become the new owners when the club comes out of "administration" As per above.

Until such time, the administrators will do what they regard as best for the running of the club/company acting in the best interest of the creditors.

As an example Scottish League Club rlDundee FCrl seemed to have staved off liquidation by offering and having a majority of creditors agree to 6p in the £ in what is due to them to make that happen. The administartor also sold a player for £150k in January transfer window.

Wakefield find themselves in the place they are today because of poor off field managment and decison making that took place.

correct. the administrators have no loyalty to the club or any real desire the help them win games in the short term. their aim is to run the club as they see best, if this means selling players to raise cash to pay off creditors then they will do so.

the worrying thing for wakey is that the longer it takes for a takeover to go through the more likely it is their best players will be sold - even if the likes of murphy don't want to go, if he makes the club money he will be sold

true but a lot depends on the atttitude of the administrator, his objective is to get the best deal for the creditors. if he thinks keeping the assets of the company together will attract a better offer for the business then he has the option of doing this in the short term.

Something smells bad about this to me, perhaps if there had still been a couple of interested parties looking to buy things may have been different, but these people are not liquidators they are supposed to be salvaging the business, running it into the ground by selling the best players seems a strange way of going about it.

Really feel for you guys, we've been there and it aint nice!

Fortuntely we had some top guys as administrators and they refused to destroy the club by selling it to shonky Wilby/Lloyd and helped us come out the other side relatively intact.

Best of luck, hopefully this is just a difficult step on the long and illustrious journey of one of RL's famous clubs.

We'll have the cheerleaders

Really!?

Flipping heck, folk from east Hull really are weird!

Quote: Chorlton RL "Really!? I don't know about that. If we can put in individal bids, I'll take the second and third left. And I'd pay more for them than for Sam Obst. www.thesun.co.uk/sol/homepage/fe ... aders.html

Quote: Chorlton RL "Really!? I don't know about that. If we can put in individal bids, I'll take the second and third left. And I'd pay more for them than for Sam Obst. www.thesun.co.uk/sol/homepage/fe ... aders.html

I had a huge ammount of sympathy for Wakey and their fans.

Then I read their forum.

Fsk em.

Very nice!

It would seem that wakey should stop worrying about Vultures and deal with the tapeworm INSIDE THEM that is sucking them dry.

Like I said, I had every sympathy in the world. Then I read your forum.