1. The club needs to determine if the govt will pay 80% of the staff and players' wages, as with other businesses. If so, carry on. If not:
2. A quick response on the EFL's request for a rescue package materialises, and is positive. If so, carry on. If not (or no decision appears pending):
3. Whether or not the League decides to void the season, we cancel the contracts/pay redundancy etc to remove all but a very skeleton staff and a small handful of the players we'd most want to keep; maybe half a dozen at most. Even if the season continues at a future date, we won't get relegated, and we must not bet the farm on promotion via the play-offs. When play eventually resumes, we source a new squad; we've done it before, and there will be players everywhere looking for a club.
That's my take, but this could all be moot if there were full transparency of our running costs vs cash position, as requested in my previous thread, and a clear, timed plan we could all have sight of. I am hopeful that the directors have this kind of thinking in place, but it's not clear if that's so or not. A fuller response is urgently requested, please.
Extract from the statement - “... we are left in a situation where the Club may not be able to fulfil its financial obligations.”
Quite simply we, the fans, need to know exactly what our financial obligations are. Are we referring to obligations that would prevail in a normal season, or have steps been taken to reduce obligations? Far too many unknowns at the moment.