MarRam
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Posts posted by MarRam
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I’m no expert in administration and legal stuff, but could Q potentially get a meeting of the creditors and if the majority agree, pursue EFL via court as they are blocking the creditors getting paid off?
might be interesting as some of these creditors are also members of the EFL
Mel Morris: an example
in Derby County Forum
Posted
I was thinking maybe they should do something like what happens with Banks, where they take in deposits and lend them out.
The Banks have to lodge a certain % of the total money lent out each night with the Bank of England, and that comes from their own resources - so if it goes belly up then at least their own money is at risk to reduce the debt.
If club owners were made to do this with a central football regulator ( with ,say, the amount of debt calculated quarterly) it would make them think again about running up huge losses as they would personally be on the hook for some of it.