Originally posted by Scarlet pimple
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We didn't volunteer to go into Admin, you know that?
We were in debt, because we didn't own our ground. Jordan ****ed up, and told us he owned the ground, when he didn't.
We were paying about £2 Million of rent every season for it.
Eventually, Jordan was falling behind on payments, so he took out a loan from a company called Agilo (The same one that put Land of Leather out of business). This company were actually ruthless loan sharks, and put us into administration when they were worried that they wouldn't get it all back.
In fact, our academy kept us alive during administration. Without it, we'd never have been able to sell our most valuable player; and the club would have folded months before it was saved.



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