Sweeney Todd
New member
No you are of course right. Companies who were expecting to be paid a certain amount of money, were delighted to have to accept less on the proviso the alternative may be getting nothing.
Some Brighton fans, deluded? No, of course not.
With respect, if you were a creditor, you would appreciate the difference between agreeing upon a financial settlement and having one imposed on you.
Albion had to cash in its major assets (players and ground) in order to honour the financial settlement that it agreed with its creditors. Which assets did Palace cash in so as to meet the settlement that it imposed on its creditors?