Domoboy23 Posted August 13, 2011 Share Posted August 13, 2011 I previously thought that once the clubs debts became greater than the clubs value the club entered admin? But so far that has not been the case for my sides which have been in the red! Clarification please? Link to post Share on other sites More sharing options...
Nottingham Forest Posted August 13, 2011 Share Posted August 13, 2011 I think going into administration depends on the circumstances. I've seen clubs go into administration when not being able to pay players wages, I think. Link to post Share on other sites More sharing options...
dustygator Posted August 13, 2011 Share Posted August 13, 2011 When the club is insolvent (when it can't pay it's debts), it's forced to go into administration or liquidation. It's possible to remain solvent even if the club debts are greater than the club value as long as there is enough cash on hand to pay any interest on debts. http://en.wikipedia.org/wiki/Insolvent#United_Kingdom Link to post Share on other sites More sharing options...
Domoboy23 Posted August 13, 2011 Author Share Posted August 13, 2011 When the club is insolvent (when it can't pay it's debts), it's forced to go into administration or liquidation. It's possible to remain solvent even if the club debts are greater than the club value as long as there is enough cash on hand to pay any interest on debts.http://en.wikipedia.org/wiki/Insolvent#United_Kingdom so how does fm decipher this then? in regards to the owners pockets. Link to post Share on other sites More sharing options...
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