I think they do already; but this is not bankruptcy - it's administration.

As I understand it, the administrator doesn't have to accept the terms of the biggest creditor though - he has to act in the best interests of all creditors. The rush to sell Leeds back to Bates and more of his cronies (possibly the same ones with the offshore companies?) as soon as admin was announced doesn't appear to meet that criteria - at least not transparently.

Posted By: BerlinCanary, May 5, 14:51:51