Latest Supporters’ Groups Meeting With Quantuma

• Quantuma appreciates the social media messages from SCG members reminding supporters to refrain from sending threatening and abusive messages to any parties involved in the club.

• The remaining interested parties are still in discussions with the administrators.

• None of the interested parties will confirm their offers formally, pending progress with the status of the Boro & Wycombe claims. The EFL is not trying to block the takeover, they are wanting the issues to be sorted just as the administrators and interested parties are. Compromise relating to the claims is being worked upon to take the matter forwards. Any new purchaser does not want to start off on the wrong foot with the EFL or other clubs and they therefore think it is vital for the administrators and EFL to work with Boro & Wycombe to resolve the claims. Contrary to reports, none of the bidders has confirmed to the administrators that they are willing to proceed until the status of the Boro and Wycombe claims are clarified.

• The administrators have received overwhelming legal advice that the Boro & Wycombe claims have no legal merit. However, they understand that the EFL, Boro and Wycombe will have received legal advice too which may be contrary to this. The Administrators, as officers of the court, have statutory responsibilities which prevent them from simply setting aside monies to settle the claims, especially when they have received overwhelming professional advice that the claims have no merit. Notwithstanding any offer that Boro or Wycombe may make to settle, it is very unlikely that there will be sufficient funds to settle either claim as it currently stands. The reason it is key to ascertain whether either claim ranks as a football creditor or not is because it impacts on where they rank as creditors within the payment waterfall from administration. It was left that the administrators would contact Boro and Wycombe should their position change, but so far it has not.

• Naming a preferred bidder now would not take matters forward at present. The calls for the administrators to announce a preferred bidder will simply not speed up any of this situation.

• Mel Morris has indicated that will not seek any recovery from the sale of the stadium or club by the administrators. He is also likely to write off his debt subject to receipt of the administrators’ final proposal.

• MSD does not expect their debt to be discounted, but may revise their position upon resolution of the status of the Boro and Wycombe claims.

• Mel Morris is not involved in the sale process of the club. He has also given assurances regarding the sale of the stadium. The administrators have not seen any evidence to support the rumours that he will ask for different prices depending on who the preferred bidder is. The administrators have assurances from both Mel Morris and MSD that the stadium can be sold for an agreed option price.

• Monies borrowed to fund the administration have been used on the club’s trading expenses. Nothing has been paid to Quantuma to date in terms of fees or disbursements. Repayment of the funds borrowed during the administration ranks ahead of the administrators’ fees.

• Embargo unlikely to be lifted even when proof of funding to the end of the season is provided.

• There are NDAs in place which prevent the administrators communicating as openly as the fans would like. The issues are also very complex. The administrators are saying what they can, when they can.

• The EFL are the regulator and have a duty to all clubs and are therefore being asked for clarity on the status of these claims. The administrators understand this is a difficult position for the EFL. They are also respectful of the position of Boro and Wycombe even though the administrators’ professional advice indicates the claim have no merit.

• The administrators’ exit plans are drafted subject to clarification of Boro and Wycombe’s status and the finalisation of the bidders’ position once this clarity has been received and determined.

• The administrators are very aware of the stress and anxiety being caused to all and recognise that this is a finite period of time within which matters must be resolved.

• The EFL and the administrators are in complete agreement about the urgency of finding a resolution and both are entirely committed to doing so.