What do people want the FA / EFL to do? (1 Viewer)

Loughborough Sky Blue said:

When SISU took the club over, they took on all the existing debt, which we continued trying to pay (along with all the interest and 'administration fees' added onto it). Had we gone into administration, the administrator would've invited offers from any interested parties (which more than likely would've been several different people/consortiums, as we were a half decent championship side at the time, with an option to buy half of ACL for a relatively cheap price). Those offers would've been similar to the ones the like of Leicester made when they went into admin, paying off anywhere from 1-10p in the £ of the debt - thus potentially leaving us completely debt free and with half a stadium for not a huge amount of money. from there we may have progressed up the league, or at least been able to negotiate a similar deal as Wasps for the remainder of the Ricoh.

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Loughborough Sky Blue said:

There may not have been any interest publicly at the time, but the club held an option to buy back the Higgs share for (if I recall correctly) £6m. Had someone picked us up cheap from an administrator, it's likely they would've exercised that option, and perfectly plausible that in the long run they would've negotiated the remainder.

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King of the Lesbians said:

Not sure what you mean Nick. Who had none of what?

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