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OI, if we do go into administration let's just hope we find the new owners acceptable.........
26th Feb 2021 20:41:13 
[195.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
I think that someone alluded earlier to the fact that the prime directive at the last DT survey-thing was to remain fan-owned. Each to their own, but I am firmly in that camp, whatever division in which we are playing.
26th Feb 2021 20:38:44 
[81.lo.gg.ed] 
We (may yet) Win It Two TIIIMES space
TGG, fair enough. Let's just hope we don't get into that situation!
26th Feb 2021 20:38:15 
[195.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
The 'straw administration' story all over again. Yes I'd let he club company go into administration if I could save the stadium owning company.
26th Feb 2021 20:35:28 
[85.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Shergy - he has got non-voting, so yes, I would be fine with that. If anyone said that they would bail us out but wanted control, I would say "no thanks. I'll take the risk of administration"
26th Feb 2021 20:34:16 
[81.lo.gg.ed] 
but that's just me space
Trebor, I totally agree with that. I think in hindsight if anything we probably got into the Football League and definitely L1 before we were ready for it off the pitch. I believe that's where a lot of our current 'problems' have arisen from
26th Feb 2021 20:34:06 
[195.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Shergy (20.14) - disagree. Surely selling out is less of a gamble - it is the END of our current position. If we sell out, we will never get back what we've got. If we go into administration, we will almost certainly never get back what we've got. After what we have gone through, that is a huge emotional difference. Once you've jumped off a cliff, the only way is literally down.
26th Feb 2021 20:30:40 
[81.lo.gg.ed] 
you only get micro-climate up-draughts that will blow you back into the side of the building/rock-face, not back to your plummet point
TF, so if we were on the brink of going into administration and say Nick Robertson offered to buy a majority shareholding you would rather just let the club go into administration?
26th Feb 2021 20:30:01 
[195.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
I think so,collectively. And we took the benefits of a return to the league etc without questioning whether more money should have been spent behind the scenes on supporting the office infrastructure instead of the playing side to get more balance.
26th Feb 2021 20:28:43 
[213.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Avoiding admin at all costs = not selling out. Once you sell you will never have any control over that eventuality ever again.
26th Feb 2021 20:27:32 
[148.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Trebor, I suppose we as fans are partly to blame for allowing that situation to develop?
26th Feb 2021 20:24:34 
[195.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
When I got elected I remember thinking how tired Erik looked and thought how unfair it was that so much of the club fell on his shoulders.
26th Feb 2021 20:21:26 
[213.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Silk, well in that case we would need to avoid going into administration at all costs then surely?
26th Feb 2021 20:20:22 
[195.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Shergy: the CEO running the project. Too big alongside running the club. And connected to that, not consulting fans right at the start about the broad scope.
26th Feb 2021 20:14:42 
[213.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Silk, of course not, we both totally understand that. Selling out would be a gamble but if we got into financial difficulties so would allowing ourselves to go into administration.......because as I said we would have no control on who took us out of administration
26th Feb 2021 20:14:37 
[195.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Silk, being in L2 for a few seasons could put us in a difficult financial situation. Obviously it is impossible to accurately forecast that because there are so many variables.
26th Feb 2021 20:09:18 
[195.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Shergy - if we were in dire straits financially that we went into administration then no-one would buy us. They would wait for us to fold then take over the land.
26th Feb 2021 20:07:57 
[82.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Shergy - not being fan owned has not prevented clubs for going into administration. Being privately owned is not a silver bullet for either success or solvency - something you and STTA fail to understand all the time
26th Feb 2021 20:06:03 
[82.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
KD, no I am not for selling out in the current circumstances but I would like to keep that option available in case we get into financial difficulties. If for instance we went into administration we would have no control on who took us out of administration
26th Feb 2021 20:05:45 
[195.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Shergy, please don't start that again 😎🙄
26th Feb 2021 20:03:53 
[109.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
As a bean counter, I would say the debt is very manageable. The DTB will draw up a debt repayment plan taking the £4m loan first (high interest rate) and then tackling the bond repayments due (first tranche anyway) in 2025. Servicing this debt is not a massive issue given the low rates of the bond debt.
26th Feb 2021 20:02:09 
[109.lo.gg.ed] 
Not expecting much tomorrow but hope our defending holds firm against a decent team
Shergy - I think that depends where you want the team to play. Whilst I want us to try and remain L1 I would take being a L2 side to sort out our finances and remain fan owned. I think the lack of support to the three amigos a year or so should tell you how little interest there is to sell out. Even being in L2 for a few seasons won't change that.
26th Feb 2021 20:02:06 
[82.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Trebor, do you mean 'we' want to remain fan owned whatever the circumstances e.g. even if it meant going into administration?
26th Feb 2021 20:00:42 
[195.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
You’re on to a loser, Shergy, but good on you for pushing for selling out if that’s what you really believe.
26th Feb 2021 20:00:41 
[109.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Trebor, what do you think is the biggest mistake that was made with regards to the stadium?
26th Feb 2021 19:58:26 
[195.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU