Debts to Macquarie are accounted for, they’re not the reason we’d be headed to liquidation. It’s the future cash flow that’s the problem, as Top & KP have turned off the tap.
Top will have no idea about the financial rules, but the new CEO certainly will.
As pointed out, if we were on the brink, EFL wouldn’t have allowed us to register new transfers, and we wouldn’t be turning down the bids this week for Faes, Page, Souttar and Stephy.
Besides Page, I hope they go, the cash to be banked, and no permanent replacements to come in. That’s the smartest financial decision.