Re: Grand Final Saints v Salford : Wed Oct 09, 2019 3:12 pm
LeedsLurch wrote:
I don't know what assets Salford actually have other than players contracts. There must be some but no idea what the value is. If he had placed a winding up order on them he could reasonably expect to get 20 - 50p in the £1 back. That equates to £400k - £1m back. I think it is really incredulous that Salford fans dont appreciate what he has done for the club. I doubt they would even be here without him
He can't place a winding up order - the Court does that. And if they did the contracts would be void anyway so you couldn't sell them and he'd get nothing.
You might be talking about him asppointing Administrators as a secured creditor to realise assets for his benefit but there is zero chance he's get £1m back from doing that.