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Message: [QUOTE="ETSA, post: 3635439, member: 2606"] ZooCougar, you got quite a mess at K-town. The creditors chose to accept the offer of the regional group. They rejected the much larger offer by the group led by the investor from Dubai (although he is a German living there). Apparently they were not comfortable with the lack of financial transparency with the "Dubai offer". The regional group's offer doesn't seem big enough to be a multiyear solution. Probably okay for another year in the third division. The chairman of the board at 1. resigned all of his positions with the club, saying he never in his life heard so many lies in the presentations of the investor group and deliberations by the creditor group. He backed the Dubai offer. I have not referred back to any articles while writing this and my understanding of corporate finance and bankruptcy is poor in English, let alone German, so don't sue me for being a little off on the details. Meanwhile you guys have a semifinal in the Southwest Cup scheduled for the 15th. If beats the 6th division team they meet that day and the 5th div. team that is waiting for the final on the 22nd the will be playing my guys from Jahn Regensburg in the first round of the 2020-2021 DFB Pokal between 11-14 September. See you then, maybe. [/QUOTE]