Admin would be viable. He’s not selling the ground or anything of value so he (Coolsilk) wouldn’t lose anything. SUFC Ltd has assets of £50k ish in the last accounts and is the only thing stopping him realising the commercial value of the land. By removing all the assets from SUFC its easier to fold/disband/whatever he wants. But, wait, we have that magic lease which allows SUFC 99 or 999 years (he doesn’t remember which) use of the ground – but then he said he would give it back for free. So which one of those have we had proof of? I’d wager neither.
