by WestYorksRoyal »
04 Jul 2023 08:56
People are entitled to disagree if they like, but I don’t really see the "we're screwed if he walks argument" to support him.
Firstly, people have said this for years, but the reality of him staying has been pretty terrible in this time. We could have had administration and relegation; instead we've had financial regulation breaches, points deductions and relegation.
Secondly, the argument that we're now financially dependent on him shows what an awful owner he is. If your friend was in a marriage where their partner stopped them working, managed their money etc., would you tell them to stay because otherwise they'd be screwed? If we're now reliant upon Dai, that just shows how he has used his wealth to manipulate and is unfit to own us.
Finally, a lot of people with this concern don't seem to understand finance and company law; I'm getting sick of having to explain it. There is a narrow path to liquidation, which is unfortunately not impossible but it is unlikely. We would need to be placed into administration and fail to find a buyer, and probably miss an EFL deadline for having funding or a team like Bury. Dai could voluntarily liquidate us, but it would be a ridiculous decision for him financially. Player wages, HMRC, other clubs etc. would get their money first. Dai would get none of his investment back and be left with a white elephant of a stadium with no team to play in it. So if he wants to make a return on his investment, or limit his losses more realistically, finding a buyer is his only option.
So I fully support the campaign.