To what end TC? What benefit does an administration give them (I get protection from ongoing creditors which is the balancing act every club will have I mean what existing debt do you see them looking to blank?)
They're burning £5.5 million a month and now have no cash coming in. Their average first team player salary now comes in at just shy of £700k, which has closed significantly on Celtic's average in the past 3 years or so. And they've just awarded Slippy G and all his backroom team new 4 year deals which will definitely increase their monthly burn which hasn't shown up as yet. They'll have instalments due on their over-inflated purchases like Kent ( there is some dubiety if they've actually made any payments on Docherty to Hamilton as yet, despite them now trying to move him on). They have secured loans to Close Brothers....the banks won't touch sevco.
Doubtless they'll try to flog season tickets in the not too distant future. But how much uptake will they get when there is absolutely no clarity as to what next season will actually be constituted of as yet? Remember sevco are reliant on soft loans from directors being converted into shares. But one of them has just fucked off permanently to South Africa. And can anyone see their rumoured interested investor carrying through with anything whilst everything is still up in the air?
I just can't see them not suffering severe consequences if the lockdown continues through to Sept/Oct with no resumption of games. But as I said....they won't be the only ones doing so.