Why does NGB4C think it's bad news for those who've given a grand???

he must think that the club have received the money when in reality it is safe in the Escrow account

Is there any reason why the club can't call in the administrators now? We all know the £500k will not be raised and any investors will not show any interest until the club is in admin. Seems to me the club might as well cut to the chase and sort it out now rather then waiting two weeks. That is of course presuming there are no laws against doing such a thing.

Because he's stirring thats why, he knows full well the moneys safe, the whole RL word knows that.

That was kind of what I was saying WHY after attending Tuesday's meeting, after god knows how many times it's been explained by people on here, does he worry for those people, who's money quite clearly is safe and will be returned to them WHEN the £500k is not raised.

Because he's a pleb?

Sorry for being a bit thick with what is to follow but, how will it work if you do go into administration ?. Will it just be a case that all your debts will be writen off and you can just start with a clean slate (if you get the new investors that you believe are waiting to step in) or is it the case that all your assets would be sold off namely the players to clear the debts. as i said sorry for being a bit thick i just dont know how administration works.

I don't think this hearing will take place because I think that is exactly what will happen. I think the club/company will call in the administrators prior to this and then that will be that... unless the BOD have something else up their sleeves!

Knowing our lot Sue it will probably be in a Tesco Account

As long as it's not teds account!!!!

The administrator has certain legal responsibilities and one of them is to try and sell the club (company) as a going concern. Any money they get from a sale and any other avenues they will pursue to realise outstanding monies and assets will be will done. The company and players are only worth what someone is willing to pay and that won't be much. What did they buy back Crusaders for, was it £19k?

So the answer is, their job is to raise as much money as they can and that will be up to them what they do to do that and with what, but I suspect the club will be sold for a small sum of money and then yes, the buyer has a clean slate and any creditors, including HMRC will get a portion of remaining monies after the administrator, bank and any other preferential creditors are paid... which I suspect means they will get nothing!

I agree with IA - that's what I think will happen too.

As for the BoD - I don't think they have anything startling up their sleeves, other than a desperate desire to get the debts discharged so they can walk away scot-free, which clearly isn't going to happen.

If 500 of you put £1000 each in my account then i'll leave the country, sorry bad joke.


It begs the question, could it be acheived?

what will happen to belle vue,has far has i know their is a contract with carla homes which at the moment wakefield has had half the money with the rest to paid on the club finding a new home,would going into administration throw all this into doubt or would the creditors do a deal with carla homes to try and recoup some of the monies outstanding.it opens up a new can of worms if the administrator see`s belle vue has a remaining asset,i just cant see the administrator righting off all the debts when their is an exsisting deal on the table which could recoup some money.

sad news but its not the end its a new begining and a fresh start.

also we will lose the name