well it is when the debts are only 3 times the cost of examinership. If the 250k was used to service debts they could then look at saving money in other areas to reduce the debt further.
I have a feeling that they will hope to get the debt cleared at a cost of maybe 500k (including cost of examinership) because they know a 10 point hit wont really hurt them a lot. Then they will probably try to start with a clean slate next year without going part time. Maybe Im being too cynical here but when that Hoey dude keeps talking about next year like nothing much will change, they hoep to get the new ground etc, it strikes me as suspicious.
Also, they got a licence this year on the back of the new ground being in the pipeline, and know they wont get one next year unless they can produce all sort of sob stories.
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