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Hartsons Gut

Will we be in administration if relegated?

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20 million in debt now, if relegated i think that will go up to about 25-30 million. Is that not the kind of debt that sends you into adminstration?

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Very probably, because the creditors will see any chance of repayment slipping away. Ironically, I think it''s because ITFC have such a dodgy credit history that they appeal to buyers - their major creditor realises that there''s no chance of getting their money back, so they''re willing to sell the debt on at a big discount. That makes them a "bargain" in this Alice-in-Wonderland world. If we hadn''t been so honest and, ummm, prudent, we could be........ no, I''m not going there.

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Dont think so, there are many clubs in much more debt than us and they havent gone into administration.

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