GREY:ROAOF - Post by User
Post by
noble13on Dec 31, 2008 5:54pm
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Post# 15675646
What is administration?
What is administration?Here's an article about Leed soccer club, but it gives a better idea of what administration is. Sounds like a good idea for the company. Gives them time to pay back debt.
What is administration?
If Leeds can't come to a deal with the people they owe money to they could go into administration, which is a way of helping companies that are in danger of going out of business.Financial experts are appointed to run the club, and they may choose to sell players because it is a good business decision, rather than a football one.
Under administration the people owed money can't force Leeds to hand any over, giving Leeds more time to pay the cash back.