My understanding is that Administration will occur on Wednesday if no bail out happens. Monday is the day HMRC issue a winding-up action if the taxes are not paid. I assume that between close of business on Monday and Wednesday at 3.25 ?? if a bailout occurs then HMRC could cancel the winding-up...
As said, it's just kicking the can down the road, it would be TOTALLY unsustainable, and maybe some of the more sensible councillors (if there are any) will see this and vote accordingly.
The press should be all over this today - before the meeting.
Good editorial in the Mail
https://www.dailymail.co.uk/sport/rugbyunion/article-11313121/IAN-HERBERT-no-sympathy-parasite-Premiership-rugby-club-Wasps-adopted-city.html
The order is set out in the Insolvency Act 1986 surely?
Shown in the post by Duffer (957). The only change is HMRC becoming a preferred creditor in 2020 for PAYE / NI / VAT etc. collected by the insolvent company on behalf of HMRC
2 wins and 1 or 2 draws would be nice, and the 5 after that will go a long way to defining where we are. 4 of those are at home. Blackpool, Blackburn, Wigan, and QPR
Still a ridiculously high rate. During the time the bond has been in issue there have been times when it was a struggle to get 1%
Obviously it reflected the risk, as all investments do.
Just goes to show though to take anything said with a massive pinch of salt.
This is an article from a couple of weeks ago with similarly positive headline.
https://www.independent.co.uk/sport/joe-launchbury-wasps-high-court-gallagher-premiership-bath-b2174925.html
It's massively in anyone's...