Firstly, have you considered puting your job application directly to Ron rather than via this forum?
Secondly, if a company has liabilities of £4m and assets of £8m it should be able to restructure its debt and continue to trade happily.
Back in 1997/98 when Ron took over there were no points deducted for going into Administration because of the lack of working capital, therefore SUFC should have gone into administration, rescheduled their debts, refinanced and kept their assets.
Try a bit harder to listen to Wise Head.
Not if the assets had been artificially inflated to encorage someone to buy in.
The accounts for the two years prior to RM taking over show dramatic increases in the value assets, the main outcome was RM / Delancey were immediately on the back foot regarding the fans because of the apparently low amount thay paid for the ground.
Ron took over solely to get his hands on the real estate, we all know that, however Vic could have called the administrators in , but all that would have done is brought the property developers out in force and god knows where we have ended up