Well, maybe; but that would just pay off one creditor.

And then what? Probably they would go bust as the next debt became due and then no-one else gets anything. Admin may allow all creditors to get something and allow the company to continue it's business (albeit heavily restricted). This is a process entirely separate from football, so don't let your apparent hatred for Leeds get in the way, although it stinks to high heaven that the administrators should sell the club on immediately without reference to any of the creditors.

To my mind there's plenty that's wrong with the way football is run & financed these days without getting worked up about one particular club.

Posted By: BerlinCanary on May 5th 2007 at 13:53:12

Message Thread

FAO-Berlin Canary (NCFC) - Martin Peters, May 5, 12:45:10
- Leeds offshore investors being investigated (NCFC) - BerlinCanary, May 5, 13:30:04
  - unpaid 5 million - surely they could sell players to raise funds?? (n/m) (NCFC) - phrankin, May 5, 13:33:19
    - Well, maybe; but that would just pay off one creditor. (NCFC) - BerlinCanary, May 5, 13:53:12
      - i blame the FA, its shocking how smaller clubs are treated (NCFC) - phrankin, May 5, 14:20:51
        
        How can you blame the FA for company law? (NCFC) - BerlinCanary, May 5, 14:35:03
        
        I dunno... this leeds thing, boston waiting to go into administration (NCFC) - phrankin, May 5, 15:32:00

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