Posted 10 December 2009 - 05:22 PM
There are lots of rumours going around. But the truth is that, although our holding is in trouble, the club itself is fairly financially sound. Given the situation though, gossip about us going into administration is an easy story for the press to cling onto.
Yes, our holding company, CB Holdings, being financially unsound isn't good, far from it, but if they go under (as with our previous owners), all it means is they will be forced into selling the club, as they would with all their assets. It doesn't mean the club itself would go into administration.
What would cause problems is if they are told they have to sell us, but can't find a buyer before they're wound up. Then we'd be in the shit.
While we're in the Premiership though, I can't imagine finding a buyer would be too much of a problem......unless you're called Mike Ashley and are trying to sell for a figure way above what the club is worth. With any luck someone like Gold and Sullivan will come in, and although they're not going to be splashing the cash, at least we'd have slightly more stable owners.