ZipYorkshireRoyal99 I wondered why exactly the Tom Lawrence bid wasn't accepted. Was it around £500k? If they are projected to run out of money but February/March time, does potentially £500k not buy them an extra couple of weeks at least to secure new ownership of the club?
It seems like a fair and reasonable offer to me given his contract is up in 5 months time. That's probably about the value of his contract so you're essentially saving £500k on his wages whilst receiving £500k payment, essentially a £1m swing in favour of the financial side of the club. Surely their biggest priority has to be bringing in whatever income they can so that the club can keep going for longer.
Yep. That’s how I see it.
Have the administrators issued an update ?
If so, have any of the creditors posted the details somewhere?
Unless both of those have happened we’re guessing that they’re going to run out of cash. All we know for certain is the EFL have demanded that they prove they have enough to get them to the end of the season. The rest is conjecture.
If I were working for the administrators I’d be trying my hardest to ‘prove’ there were sufficient funds to complete the season because that’s the way the creditors get the most return and that is the administrators legal duty.
If the administrators can show that to be the case without selling assets then that’s the way they’ll go.