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General Football and Sport / Re: Everton - The 777 Unflushables
« Last post by CraigDS on Today at 12:58:13 pm »Said it elsewhere, anyone thinking administration is some sort of clever dodge is delusional, it will wipe the club out.
Think it depends how it's done. I imagine would be some sort of pre-pack admin job, likely headed up by MSP who seem to have the largest secured amount. They'll prob pay pennies on the pound to the rest of them and get the club and stadium for fairly cheap (considering the current debt, anyway).
I called it a few weeks back once MSP didn't call in the debt when the loan payment was missed. Allowed them to delay slightly, see how the following games went and if they could put them into admin whilst staying in the PL.