TRVMP

It is not required to sell the business in order to exit administration, but it often works out that way. Greacen is totally correct that the administrators may deem the best course of action to be the sale of the club. The other options are that, having cut expenditure to the bare essentials, they thus achieve corporate rescue and the club's ownership doesn't change. (And the nightmare scenario is a winding-up and liquidation, which is not completely off the table at this stage either.) But the difference in this case, regardless, is that Cappielow isn't part of GMFC. The way things work right now is: Morton Club Together Limited owns 100% of: GMFC Property Limited, which owns 89%ish of: Greenock Morton Football Club Limited And it's the latter of that's in financial bother here. Accordingly, the Administrators, who would be running GMFC, have no automatic legal right to do anything with GMFC Property (nor with MCT, for that matter). So if the consortium showed up with their tenner and a bag of magic beans, they could get their mitts on our league membership, but not our land.

We're debt-free and own our own ground. At the current rate we'll enter administration before the season ends and will, unless something changes, start in League One on a points deduction and with a very middling budget, indicating our level will be League One for a while. Cappielow will continue to be expensive to maintain but our income both from our continued investment as MCT members and a larger-than-average League One support will be enough to keep us afloat. I certainly see some lean, QoS-style years ahead of us, but I don't see the kind of existential desperation that has us selling our league membership for less than it's worth and literally giving away the stadium. So no, we're not desperate enough to sell for peanuts what we, collectively, have paid far more for already.

I'm going to go out on a limb and say "because the ten people involved want some valuable land for peanuts."

I've just mailed in asking if I can join the consortium at the same terms as a tenth of the proposed investment, wouldn't mind owning a percentage of an SPFL member club at such cut-price terms.

Absolute joke of an offer, league membership alone is worth far more than they're offering, it's a No from me and they can come back if and when they want to adopt a serious valuation. Administration and relegation are far preferable to this.

Trying to plan my festive travel and stupidly checked the Morton website, which still has this game as the 26th. I just happened to remember seeing on here it had been moved. Beyond a joke.

Day ruined. Shrinkage.

The Dirty Wee Frew pulled off a 3-1 upset at Pollok today to record their first win of the season, with Louie Murphy appearing for 33 minutes, and Joey O'Toole and Dean Black both coming on in the 77th. Bob McHugh was a used sub for the hosts.

I'm tumescent. Please be true.

I'm sanguine about this. If you're ambitious and either looking for a first gig or looking for a comeback, this is really a no-lose proposition. Murray is stinking the place out. It would take effort to do worse than him. We're a "turmoil" club so expectations from the wider football community are low, and arguably lower than they should be. (We have a full-time squad with some decent players, we're not Sheffield Wednesday of last season.) If anyone can come in and right the ship, that speaks very well to their abilities; if they fail to do so, they can tell people convincingly that we were a lost cause anyway, winless in 16 with kids on the bench. Someone would take it, I absolutely guarantee it. Whether they'd help us avoid 10th is another matter.

If it's true that we let Murray dictate the terms of our recruitment over the last couple of weeks then that's a damning indictment of the BoD's judgement.

We are in no moral position to speculate to accumulate. Even if we were, with zero disrespect to any of our new signings, it's not exactly Pele signing for the New York Cosmos, is it? I'd be happy with a sclaffed 1-0 win at some point but I'd rather we put ourselves in good stead for the administration that's scheduled to occur in January.

If Ritchie really thinks that 10k from one of his mates buys him veto rights over the entire organization then he's got a screw loose.

Adding 100 to our home gate, while definitely good, isn't going to forestall administration unless our gate receipts grow by 300k

This is exactly what I said was going to happen, btw, and if we don't get investment between now and January and enter administration as a result, we've squandered a heck of a lot of goodwill from fans of other clubs.