duncanjwitham

So presumably the High Court is the only option then. If Quantuma have had legal advice that they aren’t creditors, then they legally can’t pay them anything without risking legal action from the other creditors etc. No amount of arbitration will change that. So we need a higher authority to make a decision.

So presumably the High Court is the only option then. If Quantuma have had legal advice that they aren’t creditors, then they legally can’t pay them anything without risking legal action from the other creditors etc. No amount of arbitration will change that. So we need a higher authority to make a decision.

So presumably the High Court is the only option then. If Quantuma have had legal advice that they aren’t creditors, then they legally can’t pay them anything without risking legal action from the other creditors etc. No amount of arbitration will change that. So we need a higher authority to make a decision.

So presumably the High Court is the only option then. If Quantuma have had legal advice that they aren’t creditors, then they legally can’t pay them anything without risking legal action from the other creditors etc. No amount of arbitration will change that. So we need a higher authority to make a decision.

So presumably the High Court is the only option then. If Quantuma have had legal advice that they aren’t creditors, then they legally can’t pay them anything without risking legal action from the other creditors etc. No amount of arbitration will change that. So we need a higher authority to make a decision.

So presumably the High Court is the only option then. If Quantuma have had legal advice that they aren’t creditors, then they legally can’t pay them anything without risking legal action from the other creditors etc. No amount of arbitration will change that. So we need a higher authority to make a decision.

So presumably the High Court is the only option then. If Quantuma have had legal advice that they aren’t creditors, then they legally can’t pay them anything without risking legal action from the other creditors etc. No amount of arbitration will change that. So we need a higher authority to make a decision.

So presumably the High Court is the only option then. If Quantuma have had legal advice that they aren’t creditors, then they legally can’t pay them anything without risking legal action from the other creditors etc. No amount of arbitration will change that. So we need a higher authority to make a decision.

So presumably the High Court is the only option then. If Quantuma have had legal advice that they aren’t creditors, then they legally can’t pay them anything without risking legal action from the other creditors etc. No amount of arbitration will change that. So we need a higher authority to make a decision.

So presumably the High Court is the only option then. If Quantuma have had legal advice that they aren’t creditors, then they legally can’t pay them anything without risking legal action from the other creditors etc. No amount of arbitration will change that. So we need a higher authority to make a decision.

So presumably the High Court is the only option then. If Quantuma have had legal advice that they aren’t creditors, then they legally can’t pay them anything without risking legal action from the other creditors etc. No amount of arbitration will change that. So we need a higher authority to make a decision.

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Honestly, I think there are a whole load of issues that lead to administration - Morris-sanctioned overspending (and the way the money was wasted on bad signings and manager merry-go-rounds), Morris's bull-headedness with the EFL, the EFL's incompetence, COVID etc. A fair few were down to Morris, but not all of them.  If you have one or two less of those happening at the same time, then we probably get through this without going into admin. We've either already been sold by now and Morris is gone, or Morris is taking a hit on selling a League 1 club (following points deductions etc).
But like I said, we were overspending in the later GSE years by ~£7m a year, and people were up in arms about the lack of investment.  Imagine what it would be like if we had to cut even more.

Honestly, I think there are a whole load of issues that lead to administration - Morris-sanctioned overspending (and the way the money was wasted on bad signings and manager merry-go-rounds), Morris's bull-headedness with the EFL, the EFL's incompetence, COVID etc. A fair few were down to Morris, but not all of them.  If you have one or two less of those happening at the same time, then we probably get through this without going into admin. We've either already been sold by now and Morris is gone, or Morris is taking a hit on selling a League 1 club (following points deductions etc).
But like I said, we were overspending in the later GSE years by ~£7m a year, and people were up in arms about the lack of investment.  Imagine what it would be like if we had to cut even more.

The problem is, by that argument, nobody should be allowed to own a company unless they can personally cover the entire companies operating costs themselves.  If you want to start a company, you basically need to be richer than the company can ever possibly be before you're allowed to start/own it.
So if you start a little bedroom company, and you get to the stage where you're doing well and have got a few employees etc.  Congratulations, the company is now potentially going to cost you more than your entire personal wealth if anything bad happens (like a global pandemic, maybe?). Should you be forced to close the company?  
Like it or not, Limited companies exist for very good reasons, and the upsides of having them far outweigh the risks.
And as for penalties on Morris, there won't be any (as long as hasn't done anything outright illegal, like stole from the pension fund or something, which I don't believe he has).  That's literally the point of limited companies.
If you want to start arguing that football clubs shouldn't be limited companies, then there's maybe some mileage there. But I guarantee you, we would have no bidders at all if the new owners were required to personally guarantee any future losses.  And neither would a lot of clubs.

The problem is, by that argument, nobody should be allowed to own a company unless they can personally cover the entire companies operating costs themselves.  If you want to start a company, you basically need to be richer than the company can ever possibly be before you're allowed to start/own it.
So if you start a little bedroom company, and you get to the stage where you're doing well and have got a few employees etc.  Congratulations, the company is now potentially going to cost you more than your entire personal wealth if anything bad happens (like a global pandemic, maybe?). Should you be forced to close the company?  
Like it or not, Limited companies exist for very good reasons, and the upsides of having them far outweigh the risks.
And as for penalties on Morris, there won't be any (as long as hasn't done anything outright illegal, like stole from the pension fund or something, which I don't believe he has).  That's literally the point of limited companies.
If you want to start arguing that football clubs shouldn't be limited companies, then there's maybe some mileage there. But I guarantee you, we would have no bidders at all if the new owners were required to personally guarantee any future losses.  And neither would a lot of clubs.

The EFL (and the 2 cretin chairmen) are still saying that HMRC and the stadium deal are the biggest obstacles.  The admins are saying the major obstacle is the 'Boro/Wycombe issue. The fact that one of the bidders is apparently confirming what the admins are saying must give it some credibility.

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The EFL (and the 2 cretin chairmen) are still saying that HMRC and the stadium deal are the biggest obstacles.  The admins are saying the major obstacle is the 'Boro/Wycombe issue. The fact that one of the bidders is apparently confirming what the admins are saying must give it some credibility.

The EFL (and the 2 cretin chairmen) are still saying that HMRC and the stadium deal are the biggest obstacles.  The admins are saying the major obstacle is the 'Boro/Wycombe issue. The fact that one of the bidders is apparently confirming what the admins are saying must give it some credibility.

The EFL (and the 2 cretin chairmen) are still saying that HMRC and the stadium deal are the biggest obstacles.  The admins are saying the major obstacle is the 'Boro/Wycombe issue. The fact that one of the bidders is apparently confirming what the admins are saying must give it some credibility.

The EFL (and the 2 cretin chairmen) are still saying that HMRC and the stadium deal are the biggest obstacles.  The admins are saying the major obstacle is the 'Boro/Wycombe issue. The fact that one of the bidders is apparently confirming what the admins are saying must give it some credibility.

The EFL (and the 2 cretin chairmen) are still saying that HMRC and the stadium deal are the biggest obstacles.  The admins are saying the major obstacle is the 'Boro/Wycombe issue. The fact that one of the bidders is apparently confirming what the admins are saying must give it some credibility.

The EFL (and the 2 cretin chairmen) are still saying that HMRC and the stadium deal are the biggest obstacles.  The admins are saying the major obstacle is the 'Boro/Wycombe issue. The fact that one of the bidders is apparently confirming what the admins are saying must give it some credibility.