Dutch Branch
Striker
Indeed, its a primary benefit and financial security for Ron - until he signs over the company with the debts to a new owner, who then inherits the debts with Ron as creditor until those debts are paid. Tax saved etc etc. We’re all agreed what Ron is doing, my point is that it isn’t only a benefit to him to do this if the club goes bust. It’s also a benefit to him if the club (and debts) are transferred to someone else, and I’ve explained why that can work for both parties.
Still, you may all be right and Ron has come this far only to deliberately crash to club into oblivion just to maximise his financial gain - all surreptitiously achieved under the noses of everyone at the club while while they all carry on oblivious of it all until the bailiffs shut Roots Hall on day soon, even as buyers are queueing up at the gates…
I think you will find that the purpose of a charge is ensure that unless the debt is cleared in full any sale can’t take place. Same as if you was selling your house. No negotiation, either you cover the charge against you or you can’t sell your house.
It’s actually interesting that charges have been lodged though, because it means that things are either on the move or RM is covering himself in the event of any future sale which may take place.