I agree that Administrators can choose to reduce the staffing levels, but if we're expecting that the period of Administration will be a matter of hours to facilitiate a sale of the club with a clean slate the Administrator will probably leave the new staffing requirements to the new owners.



If we'd gone into Administration at the beginning of January with a view to completing the sale before the end of the season then staffing levels may have been addressed by the Administrator.

You could easily do one of these... www.gopetition.com/petition/42315.html

You could easily do one of these... www.gopetition.com/petition/42315.html

When does hours start becoming days?

I dont think it will happen in hours.

Understand the sentiment, but the timescales and details involved will render any of this fairly useless right now and may be interpreted in a not so favourable light by the new potential owners.



Besides, we know that the feeling of supporters is very well known already.



I would hang fire until announcements come through early next week - just IMO of course.

Shareholders have the right to voice their concerns, something they have not been allowed to do (with any meaning) in recent years.

Their is a certain irony in using that right now, by airing those concerns to the administrator.

The original intention of the Trust was, ironically, to galvanise the small shareholding into a single unit which could hold some sway at the club and, as such, air those concerns.



Administration will result in the end of those shareholdings and other avenues will have to be sought.

Administration will mean the loss of a lot of shareholding in a small number of hands!!!

I can live with it!!!

Swings and Roundabouts!

Without admin would you not be wound up? Which would result in everyones contracts being void? Players & staff?

Until we're in admin there is still the chance that we could be sold as a going concern - but that would involve either the sale / handing over of existing shares or the issue of new shares. The result would mean that existing shareholders would still remain as such. It won't happen IMO.



There is also the chance that if we went to the High Court on Wednesday HMRC would simply 'wind us up' - and that would be the end of the current trading entity and the requirement to start a fresh - with no employees, no home etc.... Harlequins went through this process I believe, but we don't have the time to do it, so it's a non-starter.



Admin is the only viable route!

As far as I know one follows the other. A business goes into Administration at which point the Administrator goes through the accounts to salvage what he can for the creditors. He may at that point decide to keep the business running whilst in Admin, to fulfill contracts etc or close it as insolvent and divvy up the assets to the creditors by preference.



Because WTWC is possibly trading at a profit and may have the support of it's creditors he may consider it in the interest of the creditors to carry on trading either to complete transaction and or find a buyer. This seems most likely in our case.



If a buyer isn't found in the time alloted the company will be wound up.



That is how I understand it.