HINCKLEY UNITED

[Adi Smith]

Following this at quite a distance, I was under the impression that the investors in question were interested in funding the costs of an administrator - presumably with a view to then purchasing the club from the administrator shorn of the unsecured debt and with the secured holders taking a hit, with a 10-point penalty.

But I assume an administrator would be ferociously expensive, given the complexity of the charges on various bits of the ground and the recent shifts in assets - and that's before any litigation related to the latter.

So I think Carvanian is right - it's virtually certain it's going to be liquidated, and it might be a while before the tangle of asset transfers and property ownerships are unraveled, allowing a new team to take up a league position, presumably many divisions below.

[ShiftZZ]

Further to the winding up petition issued by the Downes Executive Pension Fund against Hinckley United Football Club Limited, the directors attended the court hearing at Birmingham today where the winding up petition was granted.

The board would like to thank it's supporters, sponsors and shareholders for their support in these sad and difficult times.

There will be a further statement later today

www.pitchero.com/clubs/hinckleyunited/news/statement-from-the-board-1062590.html?source=have_you_seen_these

[Adi Smith]

Very sad - hopefully there's time between now and next season for the liquidator to sort things out and allow a new team to register. No idea what division that would be in.