pfim
Player Valuation: £40m
In such a case, the entire squad goes up for sale and its a buyers market. Branthwaite, Onana, Pickford, Mykolenko would likely be first out the door at deep discounts. As far as I am aware, if administration were to happen outside a transfer window, the players can still be sold too. Funds raised would go to cover debts in order of priority.
I assume the Revenue would come first? But it's known that R&M have otherwise first lien on our assets. Likely to extend to selling BMD too. Administration would be catastrophic and must be avoided.
It just depends on what value the administrator can get for the assets. There might be an investor out there willing to purchase the entire club for more than the individual players would fetch. There's a good chance of this considering a good deal of the club's assets are construction in progress which have little value at the moment (and will have little value in a sale, relatively, after completion).