Quote: FearTheVee "The Administrator's job is to get the best possible result for the company's creditors, their job is not to maintain Wakey's first team squad.'"
It is though as selling the best players means lowering the value of the club to a potential investor and therefore lowering the amount for creditors. Selling players only benefiting the creditors if a transfer fee is being paid that is more than the value an investor has put on them.
It would be very interesting to see a list of creditors as it seems that we owe more people than just HMRC a bit of money. At the moment the administrators seem to be acting as if this is a liquidation. It would seem that Mr Glovers bid is basically zero, which taking into account redundancy costs and the fact we have no assets and a bleak outlook to make a profit is about right.
