National League rules on other creditors could see the end of #Notts

[Piethagoram]

 

[DangerousSausage]

This isn't new, the Football League has this ruling too (even when we were in administration). The idea is probably to make sure that there isn't a domino effect when a club goes into administration - otherwise, a club could effectively default on a transfer fee due to another club by going into administration, putting a string of other clubs into difficulties and distorting the competition. If I remember rightly, HMRC launched legal action about this ruling but were unsuccessful.

[Chris]

I won't pretend to understand this, I've spent the majority of the day in the sun and this isn't sinking in. 

If Notts has to pay the full amount, I am sure any buyer would stump up. It wouldn't really be a deal breaker in my eyes unless Alan Hardy wanted more than the clubs worth, it might leave less for the transfer budget. It's a nightmare, right now I am just enjoying being around my family.

Fingers crossed Notts will be okay.

[CTID PIE]

Notts should be fine if the Danish takeover manages to be concluded.

[liampie]

hopefully the money will be paid in full.

[cheeky~k8]

Aslong as all the bills get paid in full it will be ok for now but thats not going to happen until a takeover has finalised.

[cheeky~k8]

Forgot to say QUICKLY!

[cheeky~k8]

Ah clearly has money still just wants to spend it on himself. He should be forced to pay bills and wages with it, see how he'd feel not having an income.