The Debt.

[BWFC_Insane]

maybe so - but as you asked me - so I ask you... do you think we will enter administration?

I answered clearly.

Clear answer is I don't know. But I certainly think it is a strong possibility. Certainly wouldn't put my house on us not doing.

[BWFC_Insane]

Not sounding good for gartside either. To state the obvious.

Tha sounds grim too. Feel for him and his family.

[Prufrock]

Not if he's going home and it's still a difficult time. Hope he pulls through but doesn't sound good.

[thebish]

Not sounding good for gartside either. To state the obvious.

dunno about that - it did seem to say he was going home... continues to be gravely ill - i HOPE - could mean a range of things... let's hope the language is designed simply to stop people from pestering the family...

[thebish]

maybe so - but as you asked me - so I ask you... do you think we will enter administration?

I answered clearly.

Clear answer is I don't know. But I certainly think it is a strong possibility. Certainly wouldn't put my house on us not doing.

c'mon - you're not usually so shy in your opinions - what's your gut feeling - what do you think?? will we go into administration or not? put your cards down!

[Jakerbeef]

Have you got a blog/website Bish? Or you mean one of them front page of thewanderer thingies.

[jetsetwilly]

Sad if true about PG. Have to seperate the pigs ear he made of our club with his health issues.

Has the penny dropped with people yet? We carried on worth a daft budget, buying players etc as we had parachute money and hoped to get back to the gravy train. Now that is never happening and the drip drip to Eddie stopped he wants out.

Even a buyer based on debt is better than us going bust. I'm not sure he has any intention to sell.

I honestly fear we will have no club. This isn't a simple admin and clear. This is going to end with a club but no stadium.

[BWFC_Insane]

Iles has tweeted overnight.

There are two groups still interested. Dean Holdsworth group and the Thais who were in over a year ago.

Both are based on borrowing money. Times have also reported this. Additionally the Times say because of the borrowing structure of the bids it makes it hard to tie up the legalities quickly.

The Thais say they have adequately proven the ability to fund ongoing costs. The club say they haven't.

In my view I struggle to see how groups who have to borrow to buy could sustain us and make the investment necessary for improvement. And once the loans run out would we not be back where we are right now?

[Worthy4England]

Iles has tweeted overnight.

There are two groups still interested. Dean Holdsworth group and the Thais who were in over a year ago.

Both are based on borrowing money. Times have also reported this. Additionally the Times say because of the borrowing structure of the bids it makes it hard to tie up the legalities quickly.

The Thais say they have adequately proven the ability to fund ongoing costs. The club say they haven't.

In my view I struggle to see how groups who have to borrow to buy could sustain us and make the investment necessary for improvement. And once the loans run out would we not be back where we are right now?

I think we'd need to see their business case (which we obviously won't). Aren't most Clubs based on borrowing money?

[BWFC_Insane]

I think we'd need to see their business case (which we obviously won't). Aren't most Clubs based on borrowing money?

I suppose they are. It is just it reads to me (perhaps I'm inferring too much) that they don't have the money to invest now or complete a deal without borrowing initially. Perhaps this is the norm?

And like you say we'd need their business cases to know what they are borrowing against and how much leverage they have in terms of raising cash via loans or otherwise.

[Worthy4England]

I think we'd need to see their business case (which we obviously won't). Aren't most Clubs based on borrowing money?

I suppose they are. It is just it reads to me (perhaps I'm inferring too much) that they don't have the money to invest now or complete a deal without borrowing initially. Perhaps this is the norm?

And like you say we'd need their business cases to know what they are borrowing against and how much leverage they have in terms of raising cash via loans or otherwise.

I'm wondering what they'd use for security. If we can't get a payday loan from anywhere to pay the players and the assets we have, were part of the security against that loan, then I assume anyone coming in would have similar difficulty getting a loan based on the assets, unless the original loans were wiped off...

[BWFC_Insane]

I think we'd need to see their business case (which we obviously won't). Aren't most Clubs based on borrowing money?

I suppose they are. It is just it reads to me (perhaps I'm inferring too much) that they don't have the money to invest now or complete a deal without borrowing initially. Perhaps this is the norm?

And like you say we'd need their business cases to know what they are borrowing against and how much leverage they have in terms of raising cash via loans or otherwise.

I'm wondering what they'd use for security. If we can't get a payday loan from anywhere to pay the players and the assets we have, were part of the security against that loan, then I assume anyone coming in would have similar difficulty getting a loan based on the assets, unless the original loans were wiped off...

I assume they'd either be taking out a loan against their existing assets or off the back of a business plan.

However if there was a business plan that a bank would loan against surely Eddie would have gone down that route at least to secure the short term future?

[StaffsTrotter]

Iles has tweeted overnight.

There are two groups still interested. Dean Holdsworth group and the Thais who were in over a year ago.

Both are based on borrowing money. Times have also reported this. Additionally the Times say because of the borrowing structure of the bids it makes it hard to tie up the legalities quickly.

The Thais say they have adequately proven the ability to fund ongoing costs. The club say they haven't.

In my view I struggle to see how groups who have to borrow to buy could sustain us and make the investment necessary for improvement. And once the loans run out would we not be back where we are right now?

I think we'd need to see their business case (which we obviously won't). Aren't most Clubs based on borrowing money?

yep, just the small known unknowns of who they are borrowing from, at what rates and what security; & do they view it as investment (or debt) & what return they expect/want by when. Other than that, seems easy to decide

[Worthy4England]

I think we'd need to see their business case (which we obviously won't). Aren't most Clubs based on borrowing money?

I suppose they are. It is just it reads to me (perhaps I'm inferring too much) that they don't have the money to invest now or complete a deal without borrowing initially. Perhaps this is the norm?

And like you say we'd need their business cases to know what they are borrowing against and how much leverage they have in terms of raising cash via loans or otherwise.

I'm wondering what they'd use for security. If we can't get a payday loan from anywhere to pay the players and the assets we have, were part of the security against that loan, then I assume anyone coming in would have similar difficulty getting a loan based on the assets, unless the original loans were wiped off...

I assume they'd either be taking out a loan against their existing assets or off the back of a business plan.

However if there was a business plan that a bank would loan against surely Eddie would have gone down that route at least to secure the short term future?

Yes - that's the point...If they are going to borrow initially then it would have to be against some other assets than the ones we have (maybe)...speculating somewhat...

[StaffsTrotter]

I think we'd need to see their business case (which we obviously won't). Aren't most Clubs based on borrowing money?

I suppose they are. It is just it reads to me (perhaps I'm inferring too much) that they don't have the money to invest now or complete a deal without borrowing initially. Perhaps this is the norm?

And like you say we'd need their business cases to know what they are borrowing against and how much leverage they have in terms of raising cash via loans or otherwise.

I'm wondering what they'd use for security. If we can't get a payday loan from anywhere to pay the players and the assets we have, were part of the security against that loan, then I assume anyone coming in would have similar difficulty getting a loan based on the assets, unless the original loans were wiped off...

I assume they'd either be taking out a loan against their existing assets or off the back of a business plan.

However if there was a business plan that a bank would loan against surely Eddie would have gone down that route at least to secure the short term future?

Yes - that's the point...If they are going to borrow initially then it would have to be against some other assets than the ones we have (maybe)...speculating somewhat...

Isnt it more the point that if they need to lend money now (as opposed to say just arranging for withdrawal/ transfer from the back pockets of whichever members of the consortium), it doesnt augur well for the size of their pockets and would put us potentially in debt in the future, to whichever financial institutions provided the loan?
Anybody know what kinds of financial institution lend to the high risk world of football clubs ?

[Worthy4England]

Well their approach might be totally different. I'm not expecting a sugar daddy out of the current process (be great if it happened). Their business case might have investment more matched to our ability to generate Revenue...

[Gary the Enfield]

@ Staffs Trotter

Who are the consortium lending to? I thought they needed to borrow money.

Confusing times.

[Prufrock]

I imagine even the very rich might struggle to get their hands on £15m cash overnight. My ever optimistic mind is clinging to that straw.

[StaffsTrotter]

@ Staffs Trotter

Who are the consortium lending to? I thought they needed to borrow money. Maybe but not necessarily. As worthy picked up, I'm still hoping for a sugar daddy amongst these consortiums who has a couple of hundred millions going spare and fancies a punt on getting us back into the PL without lumbering us with external debt. Is all a bit George Osbourne but if the new model is simply living within our means, whilst we will have a future, austerity will be the flavour & it wont be particularly bright (ED mk2 required !)
Confusing times.

Very & we are all merely speculating.

[StaffsTrotter]

I imagine even the very rich might struggle to get their hands on £15m cash overnight. My ever optimistic mind is clinging to that straw.

and me - isnt it a month to get out of premium bonds