We get Warnock...Palace get Adminsitrator Who Charges Alledged Ł300 per hour

qblockpete

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Join Date: Mar 2009

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#1

We get Warnock...Palace get Adminsitrator Who Charges Alledged Ł300 per hour

12-03-2010, 01:48 PM

you couldn't make it up.

Administrators are winners in football debt

http://fourfourtwo.com/news/england/49627/default.aspx

Football clubs may see going into administration as the safest way to stay afloat, but it doesn’t come cheap.

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Bluehoop

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12-03-2010, 01:51 PM

Originally posted by qblockpete View Post

you couldn't make it up.

http://fourfourtwo.com/news/england/49627/default.aspx

That's about par for the course I'm afraid - they will charge fees somewhere akin to 15% -to 20% of the amount of any debt they "save" - that is to say the debt the Club avoids paying.
It's pretty much how business works, people get rich out of other people's misery!

#standuptocancer
#inyourfacecancer
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