I’ve seen acquisitions of slightly underperforming and even perfectly strong businesses lose tens of millions very very quickly just due to the need to install new systems, new operating practices etc. So easy for money to just fall out of a business when every eye isn’t on performance. Dread to think how much a money-sieve like Everton would lose if trying to operate out of the ashes of administration. Yes assets could be sold to generate cash etc, but operationally, day to day, never mind the actual football, disaster imo. People brainwashed into thinking you just go into administration, all debts written off with a middle finger to all creditors, staff all trot happily back into work the next day and start making millions out of a half built BMD selling new kits for £300 a pop and massive global sponsors lining up to associate with your brand.