That admin thread below v v v v v v
It is said that Southampton "paid all their debts" once that Swiss geyser took over. Even David Conn says so ("For others, administration meant they could be bought by new owners, who paid a fraction of the debts that were owed ? except at Southampton, where last year Markus Liebherr paid Saints? debts in full.")
I htought the whole point of admin was that debts were sold at a discount?
And if Liebherr was going to cough in full then why wait until the club went into admin?
Don't understand. Anyone sharp enough to enlighten us?
Posted By: jayson blair on February 17th 2010 at 13:18:17
Message Thread
- That admin thread below v v v v v v (Other Football) - jayson blair, Feb 17, 13:18:17
- Quiche or Flan? (n/m) (Other Football) - jafski, Feb 17, 13:41:19
- what're your thoughts on Bovril? (n/m) (Other Football) - Ralf Scrampton, Feb 17, 13:31:05
- the point of administration is not to sell the debts at a discount (Other Football) - Tony Martin, Feb 17, 13:27:51
- Do you overuse and misuse the word robust? (n/m) (Other Football) - jafski, Feb 17, 13:26:42
- I think it meant he got the club cheaper (?13m) and was then honourable and decent enough (Other Football) - jafski, Feb 17, 13:22:32
- There is something about the Southampton situation that is very odd (Other Football) - camcan, Feb 17, 13:22:01
- not me (n/m) (Other Football) - Charles21, Feb 17, 13:20:01
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