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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. 

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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.

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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.

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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.

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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

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"The best poster on Owlstalk by far" - Kaven Walker

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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?

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Admin.

 

At least with that there is a chance of something good happening.

 

Never thought I would think Admin to be a positive thing

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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 

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40 minutes ago, Athelwulf said:

Choices, choices...

 

It's like asking if you'd rather be hung, drawn, and quartered, or boiled in oil.

 

 

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Sadly, I have to agree with you on this Athelwulf. Very difficult to see a way out of this mess.

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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. 

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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 


"The best poster on Owlstalk by far" - Kaven Walker

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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.

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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. 

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If our HMRC obligations are being met then DC would the be main creditor by some distance, why would he put himself into administration?

 

It won’t happen.

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