StrandedDirk GentlyNathStPaul I am not sure of wording of the agreement with the EFL but I am pretty sure owners cannot do this. It is part of the deal for them on the fit and proper persons test. He could walk away but only if a suitable buyer was found. Think about how many clubs would have just died if a pissed off owner wanted to just up an leave? It doesn't happen because they aren't allowed to do it.
Really? If he decides to stop putting any money in, what can the EFL do? And how do you find a suitable buyer for a club with debts of over £230M?
He walks, we go into adminstration immediately. Then there needs to a settlement that covers the debts - if one can be made. An d buyer found for a club that's in financial tatters...
Our only debt is to him isn't it? We are, at least, relatively debt free to third parties.
Not sure if this makes him more or less likely to walk, as doing so will see him write off an immense amount of money - he would be better served trying to find a willing buyer who can pay him X for the club and the stadium and potentially agree a payment plan of any agreed debt.
But in short, we have no idea of the real picture despite it appearing to be a total mess.
Yep. He either loses the lot, or gets a buyer and makes some of it back. He can't stop owning the club without someone buying it or the club being liquidated.
To liquidate he'd have to deliberately avoid other buyers to dissolve us himself. And then he'd still own the stadium (which he couldn't do much with) and the training ground, which he probably could.