I agree with this. And it’s what concerns me about the administration process.
What if the…
quick flipper sees a good short term return for modest investment so offers, say, £50m.
long term planner sees the need for mega works so offers, say, £40m.
We end with the quick flipper as our owner because the administrators have to do what’s best for the creditors.
A quick flipper (Mike Ashley type?) could do a good job, up to a point, but it would take longer and they could sell to another DC type (more money than business acumen and understanding of how to run a football club).
So I want the long term planner now, not further down the line. Hopefully, the administrators can steer the best potential owners to put in a winning bid, but I’ll be on edge until it’s all done and dusted one way or the other.