i-Ram

See above. Had two good wins has Mel as a businessman. Well done him. Royally ducked up his third effort. Tough luck. With investments some you win, some you lose. No need for him with his wealth though to bring the whole club to its knees.

See above. Had two good wins has Mel as a businessman. Well done him. Royally ducked up his third effort. Tough luck. With investments some you win, some you lose. No need for him with his wealth though to bring the whole club to its knees.

See above. Had two good wins has Mel as a businessman. Well done him. Royally ducked up his third effort. Tough luck. With investments some you win, some you lose. No need for him with his wealth though to bring the whole club to its knees.

See above. Had two good wins has Mel as a businessman. Well done him. Royally ducked up his third effort. Tough luck. With investments some you win, some you lose. No need for him with his wealth though to bring the whole club to its knees.

As @GenBralso said above, it seems perfectly reasonable to me. Forget profit and sustainability and amortisation calculations, they are no longer the story here. The Club clearly owes significant debt, and whilst Morris does seem to be paying the wages it equally seems clear that he isn’t prepared to immediately settle long standing debts - to HMRC, Cocu and his team, etc.  Then there is MSD, and I wonder how much is owing to smaller local creditors who supply the club with services. We don’t know, because he won’t tell us nor apparently offer any guarantees to the EFL for the next 12 months. As @kevinhectoringsays there is also a legal obligation in terms of the audited accounts that are being prepared that the owners must - if liabilities exceed assets - give some tangible assurance to the Auditor that the Club can comply with Companies Act requirements as to continuing to trade and pay debts as they fall due.

Might be a while….
 

Might be a while….
 

Might be a while….
 

I agree. Time for protest. White Knees Matter.

He had Villa though and overspent by £693 million.

Might be a while….
 

Might be a while….
 

You were really stretching at the end mate, and accordingly it was a missed opportunity not to mention Uranus.

Do you think we will go under Scuba?

Do you think we will go under Scuba?

Do you think we will go under Scuba?

If i bought the club I'd accept it's my responsibility to keep maintaining and supporting it to an acceptable level. 

Going into administration would obviously incur the points penalty.
It all gets messy with the ownership of ground potentially going to MSD as @i-Ram says, but would they want the rest of the club????? I struggle to see it.
If administrators were put in charge for any length of time they are immediately going to slash costs. Any staff that can be got rid of will be. 
Then funds will be raised by selling any saleable assets, the likes of Buchanan, Joz, Sibley, etc going for what we can get for them.
 
After that there’s very little fat to cut aside from Rooney’s comparatively huge wages. So I’d imagine they’d try and work out a way to get him off the wagebill too!
 
 

Okay, I agree with those saying it's a mess. 
So, the EFL won't lift the restrictions until we provide proof of funds. If there are no funds, we can't sell because we can't convince any buyers to take us on unless the restrictions are lifted.
Therefore, is there any other option than administration? And is the EFL going down this route because they know we can't provide proof of funds because there aren't any? Or is Mel Morris refusing to provide proof of funds because he hasn't got any left to invest or because he refuses to give the EFL the satisfaction?
There are too many unknowns.
Are the EFL being unreasonable, or Mel or both? 

Administration would also almost certainly see secured creditor MSD take control of the Stadium. 

As @GenBralso said above, it seems perfectly reasonable to me. Forget profit and sustainability and amortisation calculations, they are no longer the story here. The Club clearly owes significant debt, and whilst Morris does seem to be paying the wages it equally seems clear that he isn’t prepared to immediately settle long standing debts - to HMRC, Cocu and his team, etc.  Then there is MSD, and I wonder how much is owing to smaller local creditors who supply the club with services. We don’t know, because he won’t tell us nor apparently offer any guarantees to the EFL for the next 12 months. As @kevinhectoringsays there is also a legal obligation in terms of the audited accounts that are being prepared that the owners must - if liabilities exceed assets - give some tangible assurance to the Auditor that the Club can comply with Companies Act requirements as to continuing to trade and pay debts as they fall due.

Foolish?

Administration would also almost certainly see secured creditor MSD take control of the Stadium. 

I refer you to a section of the bland minutes prepared after the Supporters Group Charter Meeting:
Mel Morris intended to sell the club 2 years ago, and has had to continue to subsidise the club ever since then – though he never intended to. This cannot continue in perpetuity.
It would be fair to say the rational reason you are looking for is that Morris is two years into drip financing the club, something he clearly never wanted to do, and he also made it clear that he will offer no guarantees to continue doing so.