Sounds good to me, sort it out!!!

Lets get the stadium sorted, I say go into administration, start a fresh, if we get kicked out then so be it, lets then rebuild and move forward...

I think what we want is to a large extent irrelevant because I can see no other option than administration. The share option is doomed to failure and the potential purchasers of the club are going to want to get the best deal they can and have no links to the previous business - this means waiting for administration.

No - but it seems a foregone conclusion.

What the club needs is a clean slate & a fresh ownership structure. The only way this can be achieved is through a period of Administration, even though it virtually seals our fate as far as July's decision over SL franchises go.

I would like to think that the clans suggestion could be a possibility.

Fingers crossed Clans proposal turns out to be true.

I don't want administration if we have other options open to us.

Administration would also mean the smaller 'investors' would also loose their shareholding in the club and the Supporters Trust would then loose their proxy/combined shareholding as way of having representation on the BoD.
I feel that if, as reported last night, one of the 3 suitors wants 100% control, then they would want the company to go into admin because they would buy 100% control from the administrator. The only other way that they could achieve their control position would be to buy off each shareholder individually -which could be costly in both time and money and also be an admin nightmare.

I spoke to him, he brought the list.

newgroundb4cas wrote:I have a list as long as my arm as evidence. Only dummies like u that dont realise whats going on at the minute !

The ONLY benefit of not going into Administration is that it doesn't give the RFL an easy excuse in July.

While it's possible that a potential buyer COULD speak to the various creditors, the only way the creditors would accept any offer is if it provided a better return for them than the club going into Administration. The only way this can be delivered is through a higher costs to whoever buys the club, which leaves the simple question of why would they pay more than they really need to?

Also, I can't see the other creditors agreeing to accept a reduced amount if SRW is getting his full amount back (even if it's over a longer period than currently intended).

That is still achievable.
Purchaser pays a liitle bit more, but reduces risk of rfl kicking off because we've gone into admin. TICK
Creditors get more than they would if we go into admin. TICK
Now this is a total guess, SRW is an interested party, he has a lot riding on this. He has something to do with yorkcourt and therefore the NM development he has also some money tied up with the club and a former director. TICK
Happy days! Everyones a winner!!!!

I think it stinks that we have to go into administration in order to move forward as a club...

absolutely stinks!

if administration did occur, would that basically mean you are out of super league?i know the rules get changed every year