Your writing style reminds me of Melchett stopping an argument.
Now, you make some good points.
If Channers sells up, him and the buyer would consider 3 routes:-
1. Include the stadium in the deal.
2. Include a (say) 5 year rent agreement in the sale.
3. Totally exclude the stadium.(Either bcos Channers wants to keep it, or the buyer doesn’t want it at the price Channers demands.)
If however, we go into administration, as you say, all that can be sold is the club minus the stadium. That then gets very messy indeed. Especially if the administration is mid-season.
Administrators usually want a very quick sale to the new buyers. It would possible but difficult for interested buyers to do a quick deal with the administrator for the club, and a quick side deal with, say, Rotherham or Barnsley, to rent their stadium on a week by week basis, until à longer-term rental arrangement or purchase of Hillsborough could be negotiated…or not, so rent elsewhere long-term.
Very tough for interested parties to come up with a business-plan for the purchase of à football club from the administrators, without a firm plan of where to play.
On the plus side, buying from administrators is usually very cheap, so the risk to the buyer is minimised.
Good post and good thread. Let’s hope Captain Chansiri is looking out for icebergs, though I expect not.