bewareshadows wrote:
What would be the chances of the fans buying the club post liquidation. I know it would have been better before they forked over £500k. But once liquidated, surely it's down to the best bid for the creditors, bar melting down the stands for scrap.
If the fans could pull enough money to pay the skeleton of the staff to the end of the season and pay the creditors the bare minimum, the fans could own the club, through a trust. Yes it's not alot of time, but how much would be needed for this?
Once a liquidator is appointed, there is no club. Or staff. Or assets other than ones to be sold to the highest bidder regardless.
No-one has to pay the creditors anything regardless.
There was no way the fans could do anything before administration, since the majority shareholders called all the shots. And once in administration, there was always going to be far too little time to do anything - I think most people do not realise just what legalities and other issues would be involved in the fans making a pitch for a club on this scale, and the timeframes for doing it.
But that presupposes that a white (red?) knight won't miraculously ride in, after a suitable interval, now the remaining impediments are being swept away.