What happens if we go into admin?
Thu May 10, 2012 8:37 am
Who will be there to pick up the pieces? Where will we be playing?
Re: What happens if we go into admin?
Thu May 10, 2012 9:37 am
Anyone know?
Re: What happens if we go into admin?
Thu May 10, 2012 9:46 am
jinks-rct wrote:Anyone know?
We most prob get sam back
Re: What happens if we go into admin?
Thu May 10, 2012 9:59 am
will need to re-branded as don't think cardiff would survive admin, would more likely be liquidation. rangers lucky to get away with what has happened to them, think it would be worse for us the leagues don't rely on cardiff city
Re: What happens if we go into admin?
Thu May 10, 2012 10:00 am
jinks-rct wrote:Who will be there to pick up the pieces? Where will we be playing?
game over.
Re: What happens if we go into admin?
Thu May 10, 2012 10:50 am
Pontyclun Blue wrote:jinks-rct wrote:Anyone know?
We most prob get sam back
i will never step foot in that stadium if he is running things, i want people to take our team forward.
instead of gambling with other peoples money!
Re: What happens if we go into admin?
Thu May 10, 2012 10:54 am
Wishful thinking mun...admin would allow you to survive but looking at this from afar liquidation seems most likely? Why are you driving the Malaysians out when they have not even spoken to you yet? Why not give them a chance to say what they plan to do before protesting and calling meetings...just a thought like?
Re: What happens if we go into admin?
Thu May 10, 2012 11:27 am
trainer wrote:Wishful thinking mun...admin would allow you to survive but looking at this from afar liquidation seems most likely? Why are you driving the Malaysians out when they have not even spoken to you yet? Why not give them a chance to say what they plan to do before protesting and calling meetings...just a thought like?
I agree. I certainly don't want us to play in red or change our name either, but I'm keeping an open mind at present as so far we haven't actually heard from anyone in Malaysia. Don't you think we may be jumping the gun a bit with protests before we know what they have to say? They have spoon fed a select band certain bits of information who have passed that on to us, but we don't actually know how far they will take this and they may just be looking to gauge the reaction despite the "non negotiable" quotes. From what I understand, it will all be announced within two weeks, so that would still give us plenty of time to organize protests if necessary.
Re: What happens if we go into admin?
Thu May 10, 2012 11:35 am
jinks-rct wrote:Anyone know?
To go into administration the major creditor would have to accept a CVA, (anything from 5p in the pound upwards, ask the jacks they,ve done it twice) now as VT is our major shareholder he is hardly likely to accept these terms when you consider how much he has already bankrolled us for, so if it is not accepted then the only option would be liqiudation, a lose, lose situation for everyone involved. Lets not get ahead of ourselves here, hopefully none of these cases will happen, common sence will prevail....hopefully!!!