I've written about this elsewhere...put it below again, i DON'T UNDERSTAND!Breadman wrote:Just checked and it looks like The Truss have got a whopping 580 people signed up with their tenners.
So when the Admin button gets pressed on Monday morning, after the FL fail to ratify Sports Shield's bid, we're faced with the Administrator having to give first dibs on ownership to a group of unknown amateurs with about six grand in the bank.
This just keeps getting better and better......
(All that depends on ED not paying the tax bill, admittedly, but given his staunch refusal to do so thus far, I wouldn't be betting on him settling up with HMRC on Monday.)
from the Bolton news section....
I am unsure they are right about the exclusivity for ST for 28 days in case of admin. It hinges on if the ST is properly constituted, and any lawyer worth his/her salt could say in the absence of elections and ratified constitution by full members (who have paid their tenner) the ST is not in a position to buy the club. If however, the ST are taking the risk they can do this, and are stirring the pot to get rid of other bidders, it is beneath contempt in my book