AtTheBorderGuy

I've not had the time to read it in detail, but p61 onwards of this seems to explain the essential debts administration has to cover to retain SPFL status: https://spfl.co.uk/admin/filemanager/images/shares/pdfs/SPFL Rules and Regulations 14-Oct-22 (MASTER COPY) CLEAN.pdf I've only had a brief skim, so this may be bollocks, but do the infamous "football debts" only mean contracted earnings of players and coaching staff (which can be renegotiated with the administrators)? The only other essential seems to be HMRC, as far as I can see? I'm assuming there's probably something about payments due to other clubs in there somewhere...

A CEO relying on hair-brained schemes to cover the basic bills rather than a coherent income strategy, as opposed to money being chucked at players to mount a charge up the leagues regardless of potential fan numbers or sponsorship appeal?

Sad news. Got a soft spot for Caley, so hoping the players can pull something off this year. They're in the fortunate position that the rest of the league is utter shite. Is this possibly the first Scottish administration caused purely by utter stupidity/incompetence, rather than a daft attempt to compete above a club's sustainable level?