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As soon as I saw this I thought wtf were all these council -related statements 2/3 weeks ago about not getting involved. To be honest though it doesn't seem a great long-term deal in that the 60m was to basically pay-off and re-organize debt - basically Bond mk2. The council leadership assured...

Weather forecast getting worse. Talk about it maybe even down to a small over game on Monday. Toss going to be crucial.

I've got a feeling it could be one of those years where a 11-6, 12-5 "outsider" hits form in the playoffs and wins it all. Why not the Seahawks?

Hard to imagine too many "professional" investors getting involved in a bond that's primary function was to clear debt

Don't see what leg the bondholders have to stand on. Unless they have sufficient funds to run the company, pay creditors Inc the interest due now surely ACL would have to be liquidated.?

Think that's a key issue. Probably a lot of fans/rugby people at the beginning. Also a few sharks probably started buying up when bond price fell.

Who actually pays the Trustee? Can't see "him" doing all this work for nothing.

That was just carnage.

Some batting performance so far

Shouldn't think there's much they can do. Someone is financing ACL atm otherwise it would have been a liquidation. Administrator would argue something better than nothing for bondholders. I'd have more concern about how Trustee has looked after their interests.

starting to look like a wind-up merchant/attention seeker

Not sure how relevant squad value is. Sell them all and you probably have to spend to replace them. Book value is based on contract value anyway

Would they like to put this in context with an update statement on their Uni project?

Is there a more competitive league than this? A fine margins division. Crazy how bunched it is after nearly half a season gone

Just seems another example of SISU's flawed/deluded business strategy. We'll batter people in court We'll hang on to the last minute because nobody else would be interested. This isn't a case of anyone screwing SISU. There's a standard format for administrations (they should know this as well...

Dhinsa, Alki plus several others all happy for the short term publicity/attention. Not a new phenomena.

Was going to post here last night Pete Carroll has to be early runner for coach of the year. Maybe it was Wilson making Seahawks look bad ????

Time for a reality check. There really are only 2 or 3 good teams atm and Jets just beat one of them. Not sure I've seen so much bad football and coordinating for a long time. Could be the season that actually breaks the qb gravy train as teams wake up and realize they need to spread the money...

Agreed. SISU still trapped by their investment. Can't afford Championship football but in terms of value can't afford League 1 football. Won't be allowed to move again particularly if current lease doesn't change.

Have they officially appealed? Not sure they've even announced a management structure yet.