Quote:
Originally Posted by Div3North
Apparently not ............
"Begbies-Traynor director Bob Young told BBC Radio Stoke that, after discussions with the Football League, they will not be deducted any points if they start the season in administration. Begbies-Traynor are the administrators at Port Vale."
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That......IF TRUE....STINKS !!! Their debts must dwarf the comparative pittance that we had to find before our deadline with H.M.R.C. So have Vale's administrators managed a tweak in the rules??? ( as I understood them )
At the time of our financial peril...we were told Admin was not an option???? If Ilyas & our current Chairman hadn't stumped up with the balance of the £308k bill we'd have gone to the wall.....AGAIN !!!
According to the Beeb teletext and websites....their players are seeking advice from the P.F.A. about the legality of the contracts they've been offered..supposedly by the administrators
That in itself suggests their players want out of a potentially sinking ship.
I can't fathom how these administrators seem to think they have found their way around a rule...which...although I was slightly unsure of....was reasonably confident the penalty resulted in starting the following season with a negative points balance,
IF they remained in Admin at the start of the following season !!!
This.... if true .....makes a mockery of our efforts a couple of years ago
.....I can just see it now...they'll stay in admin until bailed out...the money will turn up from somewhere....massive investment in playing squad....promotion...Totally stinks to me.
For other examples of multiple administrations and subsequent recovery back to being a prominent force in the lower leagues look no further than....Rotherham and Bournemouth...
Perish the day....and hopefully it will never happen again.... the dark clouds of impending financial ruin came to hover around the Crown again...does anyone think we'll get away with it again???? Would we get away without a points deduction in a similiar scenario????
I think not.