Quote phillgee="phillgee"i would have thought that the players would be classed as assets to the club?
could someone then submit a bid for a player to the administrators who would then say yes or no?'"
Administration is all about trying to save the business as a going concern, rather than an assets sell-off and liquidation.
That would sort of mean that you'd need to keep the playing staff?
And anyway, the assets on a prudent basis have zero value (despite what the Hull FC accountants seem to think) because neither the club nor the administrator is free to sell the players to whom they want. The player has to agree personal terms as well for that to happen, so the playing contract is only an asset if the player chooses it to be.
Would you be happy if your employer "sold" your contract to Patagonian Enterprises of Patagonia?
And, for an indication of how much a playing contract is really worth as an asset, Ladies and Gentleman I give you Toerag.
