Until we're in admin there is still the chance that we could be sold as a going concern - but that would involve either the sale / handing over of existing shares or the issue of new shares. The result would mean that existing shareholders would still remain as such. It won't happen IMO.



There is also the chance that if we went to the High Court on Wednesday HMRC would simply 'wind us up' - and that would be the end of the current trading entity and the requirement to start a fresh - with no employees, no home etc.... Harlequins went through this process I believe, but we don't have the time to do it, so it's a non-starter.



Admin is the only viable route!

As far as I know one follows the other. A business goes into Administration at which point the Administrator goes through the accounts to salvage what he can for the creditors. He may at that point decide to keep the business running whilst in Admin, to fulfill contracts etc or close it as insolvent and divvy up the assets to the creditors by preference.



Because WTWC is possibly trading at a profit and may have the support of it's creditors he may consider it in the interest of the creditors to carry on trading either to complete transaction and or find a buyer. This seems most likely in our case.



If a buyer isn't found in the time alloted the company will be wound up.



That is how I understand it.

Talk about people reading of cue cards

and cue of others on here

Don't know when the first SKY game is but it'll be too late by then.





At a guess it will be sorted sooner rather than later, one way or the other

Hope it is, all this has dragged on for too long. The club has been shocking in the way it has behaved towards us. I just hope we still have a club to support when everything is sorted out.

I wouldn't worry, new owner, a few new players and all will be well. As Bigal said, some have more faces than the townhall clock and are easily turned and the rest of us just keep turning up because it's what we do

Easier said than done at the moment. Though the new owner rumour is getting stronger.

Would be nice to hear some concrete news either way.

it would but you wouldn't understand anyway. come on next week when things are much clearer

I give you the one and only Mopsey, the man who knows nothing about anything worth knowing which in mathematical terms is the square root of foxtrot alpha.

I could think of few ways to use some concrete, if its still wet





We'll just ahve to wait for the story to unfold but boy do we need some good news.



All we seem to do is squabble on here lately.

No we don't!!!

I do but you don't

Your right after all, all we do is squabble!!! Well I never!!

i like the title of this thread...

me too