Club Future - Administration or bust?

Let's face it- he agreed to take over the business on April 17th and now, exactly two weeks later he can't prove he has the money to do so despite his (lying) promises to pay the wages.
He hasn't got the dosh and he can't raise it - so I reckon he's out of the picture. We're back to square 1 with a lousy summer ahead of us  with an absentee charlatan currently owning the club and a line of charlatans trying to buy it.
As the heading says- we're f**ked

rammywhite wrote:Let's face it- he agreed to take over the business on April 17th and now, exactly two weeks later he can't prove he has the money to do so despite his (lying) promises to pay the wages.
He hasn't got the dosh and he can't raise it - so I reckon he's out of the picture. We're back to square 1 with a lousy summer ahead of us  with an absentee charlatan currently owning the club and a line of charlatans trying to buy it.
As the heading says- we're f**ked

+1 

Another arsehole.

It's not looking good.

Every day i think can it get any worse and every day it does.

Just wait until tomorrow!

First step in the right direction, PFA cash means Forest Game on and hopefully the Brentford game next week. small steps but in this sorry mess i will take any positive.

Another 48 hours !!! isn't that a film with Nick Nolte ???

There is no doubt Basso will show up but sadly he will leave his check book on the kitchen counter at home. Therefore no deal.

The price has gone up.

I bet it’s not. I reckon Laurence Bassini is pissing Ken about knowing time is about to run out trying to get it much cheaper!

He knows how the system works as he’s been here before with Watford.

Two bald men fighting over a comb. 
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Looks like slippery Loz is serious.

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Quote from above link:Bassini also claims he has satisfied conditions around proof of funds [You must be registered and logged in to see this link.] to provide relevant information in order to progress with the takeover.

Not according to either the EFL, BBC or BWFC. All are totally silent saying he has until 7pm today to prove it, not that he's done so.

I don't think its totally fair to punish the club with 12 points in this case. If new owners take over how is it their fault what the old owners did. Who is getting punished exactly.
That being said if enough actual cash is spent on players and management then that deficit can be overcome IMO......it's only league 1 for fooks sake.

terenceanne wrote:I don't think its totally fair to punish the club with 12 points in this case. If new owners take over how is it their fault what the old owners did. Who is getting punished exactly.
That being said if enough actual cash is spent on players and management then that deficit can be overcome IMO......it's only league 1 for fooks sake.

Except it's not likely to be 12. 12 is for admin, another 8 points for not playing a game, makes that minus 20.

We will be lucky to stay in league 1 with no players. You now have to hope and pray someone has the funds, before administration, because -20 means relegation to league 2.

Jesus Christ! 

It wouldn’t surprise me if we were in the 1st division for a minimum 2 years then.