You still need 75% of the shareholders to agree to put the company into admin, if it comes to that,
The creditors also have a major say if they do not get paid and could petition the company to enter into admin, although you would lose your money
Reading all what is being said on here, i would be very reticent in handing over any further cash until the skeletons are out of the cupboard or the shareholders agree a way forward either by entering into admin/cva or continuing to fund the black hole.
Anyone left on the board with any sense would be consulting with there banks or an IP, Play your cards right and both could be very beneficial and get the right result for the club and a lot of its creditors
Quote: maurice "Love u Fred - don't tell Alan !!'"
No problem with what Fred is saying. I've been banging on for ages about us not getting the communication right. (but I don't know whether I communicated it well enough! )
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