Athelwulf Posted January 30, 2021 Share Posted January 30, 2021 Choices, choices... It's like asking if you'd rather be hung, drawn, and quartered, or boiled in oil. Link to comment Share on other sites More sharing options...
edinburghowl Posted January 30, 2021 Share Posted January 30, 2021 Administration would not necessarily solve our problems. It only works if we can pay back our debts via a CVA that the administrators arrange, the administrators might not be able to do that and we could end up liquidated and gone for good. And then if we can arrange it the creditors would have to be willing to accept the terms of the payments that we could afford to pay. Link to comment Share on other sites More sharing options...
Big Jack Posted January 30, 2021 Share Posted January 30, 2021 1 hour ago, Spookone said: Not sure that would be wise in the current climate - Sheffield may become a one team city, and none of us want that! Totally we maybe we'll beyond admin. It not a computer game we just press reset. 1 Link to comment Share on other sites More sharing options...
Shetland Owl Posted January 30, 2021 Share Posted January 30, 2021 If we went into administration we could be like Bolton, they are still in a mess as are Wigan. There is so much to sort out and little time to do it Link to comment Share on other sites More sharing options...
Blue and white Posted January 30, 2021 Share Posted January 30, 2021 3 minutes ago, edinburghowl said: Administration would not necessarily solve our problems. It only works if we can pay back our debts via a CVA that the administrators arrange, the administrators might not be able to do that and we could end up liquidated and gone for good. And then if we can arrange it the creditors would have to be willing to accept the terms of the payments that we could afford to pay. Or some filthy rich Middle Eastern consortium comes in, buys is for 1 pence in the pound much that has happened with lots of clubs in admin. Link to comment Share on other sites More sharing options...
Jack of Clubs Posted January 30, 2021 Share Posted January 30, 2021 I’d take administration over DC right now. We could then build back up from the bottom and at least we knew where we were. The lack of transparency with DC means rather than build, the bricks are disappearing before our eyes. Link to comment Share on other sites More sharing options...
Guest Grandad Posted January 30, 2021 Share Posted January 30, 2021 I wouldn't imagine (or hope) our debt to anybody other than Chansiri is so great right now. The biggest worry is - are we paying HMRC Link to comment Share on other sites More sharing options...
Marro Posted January 30, 2021 Share Posted January 30, 2021 What’s interesting is that if you go to the Companies House website and look up Sheffield 3 Limited (the company that owns Hillsborough) you can see a copy of the legal charge in favour of New Avenue Projects Limited. The debt of £6,438,205 is repayable at the end of September 2021. Refinance, borrow more or the pack of cards collapse? Link to comment Share on other sites More sharing options...
Mystic Neg Posted January 30, 2021 Share Posted January 30, 2021 Admin. At least with that there is a chance of something good happening. Never thought I would think Admin to be a positive thing Link to comment Share on other sites More sharing options...
FreshOwl Posted January 30, 2021 Share Posted January 30, 2021 Administration At the point where I’d take anything Link to comment Share on other sites More sharing options...
S36 OWL Posted January 30, 2021 Share Posted January 30, 2021 46 minutes ago, The only way is S6 said: I'm going to pose this question in here & in the DC Admin thread; What does DC, or anybody connected with him, gain from our situation getting worse? Meaning, if he knows what he is doing & who he is working with, isn't improving anything, why not do something different? And if he was to walk away, who takes over? He won't find a buyer. What's the end game? Chansiri wouldn't gain anything, but others involved in the club may well do Link to comment Share on other sites More sharing options...
Siggijonsson Posted January 30, 2021 Author Share Posted January 30, 2021 40 minutes ago, Athelwulf said: Choices, choices... It's like asking if you'd rather be hung, drawn, and quartered, or boiled in oil. Sadly, I have to agree with you on this Athelwulf. Very difficult to see a way out of this mess. Link to comment Share on other sites More sharing options...
Guest The Claw Posted January 30, 2021 Share Posted January 30, 2021 well get both Link to comment Share on other sites More sharing options...
basegreenowl Posted January 30, 2021 Share Posted January 30, 2021 Let's start from nothing and go again based on the ethics of people being bothered about our great club. Rather see commitment from a bunch of players in blue and white than what's going on now. Be it in whatever league. Link to comment Share on other sites More sharing options...
Guest Grandad Posted January 30, 2021 Share Posted January 30, 2021 1 hour ago, SallyCinnamon said: It’s his stadium which is the worrying thing. We might not even have a home if he was to move on. Can see him knocking it down in the long run. It wont be if he doesnt pay the loan by the end of Sept Link to comment Share on other sites More sharing options...
i used to be sc_owl Posted January 30, 2021 Share Posted January 30, 2021 There’s part of me that hopes we get taken over and the new owner arranges for us to play elsewhere, just so we can flip DC off by having him lumbered with a useless stadium. Link to comment Share on other sites More sharing options...
northeastowl Posted January 30, 2021 Share Posted January 30, 2021 Admin for me. I’d rather go down to league 1 if it meant DC going and us being able to start again. Might sound drastic but I’ve completely had enough of his poo. Link to comment Share on other sites More sharing options...
English Man Posted January 30, 2021 Share Posted January 30, 2021 He probably knew there would be problems when he transferred the ownership of the ground. Link to comment Share on other sites More sharing options...
Garry Powell Posted January 30, 2021 Share Posted January 30, 2021 Dont think there is a choice. We will have DC and Administration at the same time Link to comment Share on other sites More sharing options...
The Night-Owl Posted January 30, 2021 Share Posted January 30, 2021 DC to finally sod off and to take all his leeches and vultures away with him. The DC reign, apart from one exciting season or two near misses that ultimately failed, as been full of failure; mistakes, ineptitude, naivety and mess. DC's ripped the soul out of the club, after initially reviving us and giving us hope in his first two years, ever since Wembley, we've gone from one disaster to another. It's time DC found a way out. Hopefully he somehow cuts his losses, leaves honorably in some way by allowing someone else to step in, without demanding his money back, which he ain't going to get. It's time for a new era. The current one as been dying for a fair while. We need some kind of direction and philosophy, to almost start over with young players and lower league gems, and to finally start doing things right. That sadly won't ever happen, whilst DC and his advisors are here. So step aside DC and allow someone else to take over. At present, anything would feel better than DC, albeit I dread returning to League One and administration but as others have said, we face the same disastrous outcome even if DC stays. We need hope of some kind, as at present the club is no longer a comatosed giant of the past, it feels dead and long gone. Link to comment Share on other sites More sharing options...
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