Non - Derby County
- Thread starter kirsikka
- Start date
The story of the "spotty teenager" is here, if anyone is interested
Shot to pieces: The strange tale of Spencer Trethewy – The Football Mine
I seem to recall he was dating the daughter of somebody famous - Mike Yarwood, perhaps?
They would only be allowed to do this if they had very good reason to believe that they wouldn't prejudice the other creditors' positions.
So they either have someone willing to guarantee the loan or a very strong bite from a buyer who has money and is ready to go.
Not sure if Matt Reeds is on here but he's an IP and knows all about this stuff
So they either have someone willing to guarantee the loan or a very strong bite from a buyer who has money and is ready to go.
Not sure if Matt Reeds is on here but he's an IP and knows all about this stuff
Though you'd think, if they do have a strong bite from a buyer who has money and is ready to go (and there does seem to be multiple potential parties), that the familiar to us Kranser line would apply:
We have money to keep the lights on until X date, that's the deadline. Need a cheque from a potential buyer by then to pay some bills, or it's liquidation.
That flushes out serious people as well as keeps the lights on?
I don't follow every football club administration closely but this is just not something I've come across before, so seemed worth exploring. Thanks!
We have money to keep the lights on until X date, that's the deadline. Need a cheque from a potential buyer by then to pay some bills, or it's liquidation.
That flushes out serious people as well as keeps the lights on?
I don't follow every football club administration closely but this is just not something I've come across before, so seemed worth exploring. Thanks!
I don't have any inside knowledge on the deal, only the work I have done on companies being bought out of administration.
There will be unencumbered assets there, but knowing how large the wage bill will be, like you say it is difficult to imagine a suitable loan could be covered with a few lawnmowers and washing machines.
The truth though is that if you can charge enough in interst and fees you can cover the risk.
There will be unencumbered assets there, but knowing how large the wage bill will be, like you say it is difficult to imagine a suitable loan could be covered with a few lawnmowers and washing machines.
The truth though is that if you can charge enough in interst and fees you can cover the risk.
