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Tealeaf · 03-06-2010, 11:45

The problem as I see it is that if EW is reluctant to sell off all or some of his current shareholding - probably because the price cannot be agreed upon - then the only alternative is to force a debt/equity swap on the basis that that is the best course of action for the club and it's creditors. The problem with this is that it involves a rather complex legal procedure under company law which may well lead to the courts placing the company into administration while the matter is sorted out. And none of us want that, do we?

03-06-2010, 11:45	#63
Tealeaf God Member Join Date: Jan 2004 Location: Paradise Lost Posts: 7,220 Liked: 11 times Rep Power: 4264	Re: Coley & Jimmy Demand Contract Resolution The problem as I see it is that if EW is reluctant to sell off all or some of his current shareholding - probably because the price cannot be agreed upon - then the only alternative is to force a debt/equity swap on the basis that that is the best course of action for the club and it's creditors. The problem with this is that it involves a rather complex legal procedure under company law which may well lead to the courts placing the company into administration while the matter is sorted out. And none of us want that, do we?