Analogy for Understanding the Administration Process:
The administration process described by Chris Wefield, where potential buyers are required to show significant funds and sign NDAs before accessing club data, is like holding a blind audition for a high-stakes play. The directors (administrators) need to ensure the actors (owners) are financially capable of funding the production for years and will meet basic industry standards (EFL fit and proper test). They can only judge the final candidates based on who offers the biggest payment (best offer), even if they feel another candidate might have a better vision (strategy). The £50 million proof of funding is the audition ticket—it ensures only serious contenders, not mere hopefuls, get to step onto the stage.