What if there was a buyer out there who has been quoted 1.8 million to buy the club, but they would rather wait for the club to enter Administration, where the fee to pay off the creditors would be much smaller?

Would that be a feasible stance for a potential buyer?

It would be my stance, but it leaves next to no time to replace any players sold on the cheap. Points deduction would make survival a huge ask.

I understand that the purchase price is £1. The issue is operating costs until the end of the season and the outstanding liabilities both past and present. Administration does of course write these off. Not desirable but not something to be terrified of either.

Coxall was declared bankrupt and went on to better things ie: making his fortune at our expense.

I think from a business view point waiting to make an offer when we go into administration makes the most sense. Having to still be responsible for the debt Sage foolishly handed to Coxall will mean any new owner will be operating with the handbrake on and we'll potentially end up in the same situation again this time next year, I'd rather go down a league if it meant we were restructured and ran sustainably and money wasn't been siphoned out of the club.

For the club to go into administration it would need to be valued and marketed by an agent, even if a pre pack administration was suggested it would still not be completed before the 25th of January, albeit it the debts would be frozen and a moritorium would be put in place preventing creditors (such as HMRC) from issuing a winding up petition (which they have 3 times the past year).

I may be wrong but to market the business and it’s assets a profit and loss would need to be provided by the directors as well and a statement of affairs.

I know we’d suffer points wise but I see this as the better option for us and Pam’s and Gary’s conduct as Directors would be investigated and if the Insolvency Practitioner carrying out the investigations does his job properly there will be a misfeacance claim against them.

The return to creditors is little to nil but if we can continue trading and with a director that’s willing to make the club successful at least going forward they’d get paid.

You raise a good point about local businesses being the ones to suffer. It's harsh but it's unlikely they'll get what they're owed and that will hit whatever is left of the club after all of this as they'll be reluctant to do business too.

I appreciate that small sums can make a big difference to local businesses but surely some of the sums involved here and not likely to put anyone out of business. If it did then they might wanna look at who they trust with running up a debt. We're all fans but would we have trusted the club?

Why would anyone hand over more money without knowing where it is going ?
They claimed running costs were £120k a month but now want £200k - who is the extra £80k going to ? Coxall ? Jones ? Watson ? The whole thing absolutely stinks. This Pam is meant to be an expert at restructuring businesses but whatever business plan she had in place it didn't even get us to the halfway point in the season.

I'm not defending Pam here, but I think the quoted figure was 120-150K a month running costs, and the extra is a tax bill due this month?

The running costs of the club are quoted at £120k per month but this "could" include interest charges on the Sage loan which could be very substantial and also does it include "management" charges to outside bodies???
The "real" running costs of the club ie players staff electric etc etc could be substantially less than this.