First of all, I remain encouraged by the interest in the club. I am aware of credible bidders who are going through the right kind of process and putting in good offers. (2/10)
Second, I understand that the club has funding to get through the next couple of months, at least (as of before Sam Smith’s transfer). It is difficult to know for sure without seeing club accounts, but it is a (small) relief if the next few pay cheques are covered. (3/10)
Third, I am increasing the scrutiny on this in Parliament. Last week I secured the backing of enough MPs to apply for a debate in Parliament, where we can dig into issues around rogue owners and inequality in funding across the football pyramid – more on that to follow. (4/10)
My greatest concern now follows conversations with football governance experts and lawyers. I have been talking to them to understand the process of administration, to help prepare for different eventualities. (5/10)
Administration is not a desirable option, but it paves the way for a struggling business to turn its fortunes around. It could ultimately ease a sale. At present, we think Dai would control the declaration of and process around administration. (6/10)
He’s already had ample opportunities to do this, but has not. The longer this goes on (while the club remains unsold), the more vulnerable we become to skipping administration and jumping straight to a winding up petition and liquidation. This is deeply concerning. (7/10)
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