Why?

Administration means you've a debt due for repayment that you can't meet from your cash or liquid assets.

A ground is neither cash, nor a liquid asset, ie you can't quickly turn it into cash. And if you're near to administration, then it's already a given that you can't borrow.

Posted By: dublinspants on January 24th 2010 at 10:12:27

Message Thread

Administration?!?!? (NCFC) - lurd, Jan 24, 00:30:54
- Timing is everything (NCFC) - Black Creosote Time, Jan 24, 08:47:31
  - Unfortunately (NCFC) - dublinspants, Jan 24, 09:31:57
    - Didn't Doncaster says that our VAT was all paid up to date (NCFC) - KentonCanary, Jan 24, 09:42:50
      - Carefully specifying VAT you note (NCFC) - dublinspants, Jan 24, 09:46:35
        
        Surely that would have been in last year' accounts then? (NCFC) - KentonCanary, Jan 24, 10:36:21
        
        Only (NCFC) - dublinspants, Jan 24, 11:03:22
- Utter tosh (NCFC) - Tony Martin, Jan 24, 01:00:47
  - no.5 is utter tosh (NCFC) - Small, Jan 24, 01:07:49
    - if only we didn't get so many loans in (n/m) (NCFC) - pants, Jan 24, 02:04:22
      - yep, we'd have had some intangible assests to show for all the money spunked (NCFC) - Ralf Scrampton, Jan 24, 10:18:59
- The club need to answer this pretty urgently, regardless of recent articles.... (NCFC) - Hulk Rules, Jan 24, 00:41:19
  - Don't worry! I'm on the case. (NCFC) - Small, Jan 24, 00:59:01
    - Wonderful news! (n/m) (NCFC) - Hulk Rules, Jan 24, 01:01:12
      - No worries! (NCFC) - Small, Jan 24, 01:16:07
  - Find it hard to think we would go into admin when we still have the ground as an asset (n/m) (NCFC) - Yellalee, Jan 24, 00:43:07
    - Why? (NCFC) - dublinspants, Jan 24, 10:12:27
- oh no (n/m) (NCFC) - Small, Jan 24, 00:39:41
- Goes against everything that the club have said recently, not to mention signing players (n/m) (NCFC) - Yellalee, Jan 24, 00:35:40
  - makes no sense? (NCFC) - usacanary, Jan 24, 00:42:31
  - Indeed. Bizzare article. (NCFC) - lurd, Jan 24, 00:38:17
    - But.......... (NCFC) - fareastcanary, Jan 24, 00:44:18
      - Seems a bit recycled and embellished. Perhaps written by a Charlton or Leeds fan??? (n/m) (NCFC) - Hulk Rules, Jan 24, 00:46:11

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