So question for those who work in financial circles.

By Tinkler placing the club into voluntary administration, what sort of say does he have in appointing the administrators and then the direction they take? I would have thought very little. Unless Tinks can convince the administrators that he can trade his way out of insolvency, which is a million to 1 chance, that the administrators will proceed with the sale or liquidate what little assets there are. Doesn't this mean that the sale either goes through to Dundee, another party, or liquidation starts in which the FFA just take back the licence anyway. Is that close to what will likely happen?

I wouldn't have thought there is anyway to wriggle out of this now for Tinkler. That placing the club into administration is just a means to take a step back in the hope the FFA will let the sale go through. If the FFA strip the licence then the sale doesn't go through and the players and creditors will get a pittance unless the FFA pay some or all of the debts.

It wouldn't surprise me if the FFA give the administrators time to look over the books and have some discussions around if this sale is viable before stripping the licence.