Reading yesterday a thanks and update to TUFC fans they said they had "Several interested parties" but all have asked for a non-disclosure agreement, Which is understandable but in the same article they were asking for anyone interested in purchasing TUFC to get in touch. I'm still a bit perplexed that it's nearly 2 weeks? Since Osborne said the club was going into administration but yet it still hasn't happened?
My thoughts exactly. He’s in for circa £5m of unsecured loans. If he can flush out someone who’s willing to pay more than he would get from admin then he’ll take that over the alternative. Understand the bank are owed around £600k, that’ll be secured so that would have to be dealt with by new owner then it’s just how much more he can eke out of them.
Understand that but when i hear a business is about to call in the administrators its normally for a reason, IE they're in deep trouble to sustain the business and at risk of closure and is done quite quickly, Surely Osborne is risking TUFC (And maybe his money if he gets any) by not appointing them soon, Quite often an Administrator is appointed quickly and gives the best chance to save a business in some form.
He is not in the best position imo, If he does not appoint the administrator soon, The club in its current state will go to the wall because Osborne has said he will not fund the club anymore and the longer it stays like this without appointing an administrator, The debts keep rising, bills, wages won't be paid and any buyer would be less likely to come in and of course the FA/NLS will want certain guarantees that they can fulfil fixtures, Compete next season or they will act because all this affects other clubs regarding results, promotion and relegation places. If teams have took/lost points off TUFC this season and those points are expunged if they went to the wall it could cause mayhem at the end of the season.
Osbourne doesn't care about any of the things you mention, other than how much money he can get back. He is in a terrible position and will lose most of his cash, whichever route is taken. He only cared about getting his hands on Plainmoor for redevelopment. Owning the club was his route to that outcome. He gambled big time and lost. The question is how much collateral damage TUFC will suffer as a consequence.
I agree, He lost his chance to redevelop Plainmoor when the council said no to the idea but by doing nothing and not appointing an administrator in the hope of these anonymous "interested parties" actually buying the club in the hope of getting a few quid back just does not make sense, If as you say he only cares about the money, Then even now he'll be disappointed because the club is worth zilch at the moment, £5m in debt, A points deduction on the horizon, in a part time, sixth tier league and no guarantee that they can full fill their fixtures.
