craig 5,199 Posted March 1, 2012 Share Posted March 1, 2012 One thing that makes me wonder about the length of time the adminstrators are taking is that the longer we're in administration, the more money they make and the weekly bill for their services will be a significant amount of money. I'm not directly accusing them of being in go-slow mode to line their own pockets, but it's certainly food for thought. They will be doing the job as they see fit. Administrators/liquidators make an absolute fortune anyway - they dont delberately slow the process down in my experience of them. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted March 1, 2012 Share Posted March 1, 2012 They will be doing the job as they see fit. Administrators/liquidators make an absolute fortune anyway - they dont delberately slow the process down in my experience of them. I doubt if they will be paid per hour as that would be a conflict of interests. 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted March 1, 2012 Share Posted March 1, 2012 I doubt if they will be paid per hour as that would be a conflict of interests. They DO get paid per hour, that is how these firms operate. And, in fact, you can find their chargeout rates on their website - I looked when they were appointed and I think the chargeout rate was 300-500 per hour. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted March 1, 2012 Share Posted March 1, 2012 They DO get paid per hour, that is how these firms operate. And, in fact, you can find their chargeout rates on their website - I looked when they were appointed and I think the chargeout rate was 300-500 per hour. So by the time they are finished you are bankrupt anyway. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted March 1, 2012 Share Posted March 1, 2012 They will be doing the job as they see fit. I'm sure they will be! Administrators/liquidators make an absolute fortune anyway - they dont delberately slow the process down in my experience of them. I once went to work for a very reputable Glasgow-based company where (to my surprise) almost every single person worked in slow motion on almost every single job, both at their base and on-site. On my first day I had people looking at me like an alien and by the afternoon I had people telling me to slow down as if their livelyhood depended on it. 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted March 1, 2012 Share Posted March 1, 2012 So by the time they are finished you are bankrupt anyway. There is certainly a reason that the administrators are always the FIRST to get paid, even prior to secured creditors. They dont go out of pocket anyway Pete. Hence part of why they are loaded. 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted March 1, 2012 Share Posted March 1, 2012 I once went to work for a very reputable Glasgow-based company where (to my surprise) almost every single person worked in slow motion on almost every single job, both at their base and on-site. On my first day I had people looking at me like an alien and by the afternoon I had people telling me to slow down as if their livelyhood depended on it. Administrators ? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted March 1, 2012 Share Posted March 1, 2012 Administrators ? No, but that doesn't mean administrators couldn't do the same thing. They HAVE been very very slow in all honesty. The size and complexity of the company isn't a good excuse for them. They should have made steps to slash outgoings almost immediately (within a week at the most IMO) and they haven't done that. We're only a short way into the process, but already it seems to be getting dragged out, which I don't think is a good thing. I hope I'm wrong though and obviously I'm happy if it's dragged out for the sake of saving the club. 0 Quote Link to post Share on other sites More sharing options...
Juancornetto 1 Posted March 1, 2012 Share Posted March 1, 2012 I'm sure they will be! I once went to work for a very reputable Glasgow-based company where (to my surprise) almost every single person worked in slow motion on almost every single job, both at their base and on-site. On my first day I had people looking at me like an alien and by the afternoon I had people telling me to slow down as if their livelyhood depended on it. You worked in McDonalds? 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,290 Posted March 1, 2012 Share Posted March 1, 2012 Actually, if they have 8 weeks till their first report, why would they not milk the occasion. Speaking purely "capitalistic", not as a fan. As much as I hate it. But as I have said above, some processes can't be quickened just for the sake of the media getting more info and action. I find it appaling that a reporter asks for more and immediate actions by the administrators when somesuch actually means reducing the playing staff and causing redundancies all over the club ... for the sake of a couple of 100k pounds a week. 0 Quote Link to post Share on other sites More sharing options...
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