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blacko

Coventry administration

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[quote user="T07"]......still want the board to push the boat out?
[/quote]

Completely disingenuous to compare the two (but i wouldn`t expect any better). Coventry`s chairman said on five live yesterday that the club are £37m in debt and problems are exacerbated by them not owning their own ground. He also seemed very confidant the takeover would go ahead.

The Ipswich one has gone through so if this one does it will make the board`s "nobody`s interested in taking over Championship clubs" statement at the AGM even more monumentally stupid.

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[quote user="Robert558"]

Probaly get away with it like the Scum have

Ruined  lots of Companies, cost jobs through their debts now chirping about 12 million pound to spend

Legal Robbery if you ask me

[/quote]

The only downside for them seems to be if they do get promoted, the new owner can nab the premiership millions for himself.  Then again what difference is that to before he was there as they still owed the money but to another organisation who could conceivably called in the debt on promotion anyway.  The only difference being the new owner is actively attempting the get Ipswich promoted so he can get a return on his investment.

The other losers in this are the directors of Ipswich whose share valuations have been devalued.

Unfortunatly it seems to be a win win situation for Ipsh!t....  bloody typical.

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