Hartsons Gut 0 Posted November 12, 2007 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? Share this post Link to post Share on other sites
Gingerpele 0 Posted November 12, 2007 im not sure really, but man.u are in more debt than that soo are lots of clubs preobably so i dont know Share this post Link to post Share on other sites
Old Boy 0 Posted November 12, 2007 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. Share this post Link to post Share on other sites
Green and Yellow 0 Posted November 12, 2007 I strongly believe that if NCFC are relegated they will go into administration. It would be a hard nosed business decision that any club in that position would have to take. Share this post Link to post Share on other sites
ca 1 Posted November 12, 2007 Dont think so, there are many clubs in much more debt than us and they havent gone into administration. Share this post Link to post Share on other sites
Tangible Fixed Assets anyone? 0 Posted November 12, 2007 We will not go into Administration as long as certain actions are taken. I will try to write on this later this week. Share this post Link to post Share on other sites