by watfordroyal »
27 Jul 2012 10:39
From
http://www.bbc.co.uk/sport/0/football/18979636"Administrator Trevor Birch released a statement on Tuesday adding that of the seven players remaining only three or four had not agreed to a compromise.
And the PST have reiterated his warning that if the club is liquidated, the players will get nothing.
The players who, on a going concern sale are treated as 'football creditors' and must be paid, lose all such rights under liquidation and will be treated as ordinary unsecured creditors. It is unlikely that there will be any significant dividend in a liquidation.
If the club goes into liquidation it will also lose its league position, and its right to the £11m of parachute payments from the Premier League."
If so, it seems a bit of brinkmanship on both sides, to see who'll blink first, but think deals will eventually be done at last minute.