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Old 20th Dec 2004, 19:12
  #298 (permalink)  
MetOffice
 
Join Date: Dec 2004
Location: Central London
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I'm sorry to say this but the members have no say in what happens to the club under option 2. The club ceases to exist and the administrators are legally obliged to take the offer which returns the most funds to the creditors.

It will be up to the buyers of the assets and lease (with the agreement of the airport) what happens next, but neither the existing members nor any crerditors will have any claim on the new business.
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