Dodgy as hell this whole scenario, trying to sum it up in a few short points.
June 4th takeover was the same owner but just changing it from his current company which owns casinos etc to a brand new company he's made in the Cayman Islands.
June 24th, some random bloke takes over, an office worker who was declared bankrupt a couple of years ago! Never been the the UK, EFL no evidence he exists. Strong rumours are his identity is being used.
June 24th supposed new guy contacts administrators within hours of take over approved. Record timing for the EFL to approve a takeover, despite being in lockdown measures with skeleton work force.
Night before board of Directors voting 4-2 against admin. 1 director is removed and replaced with another, 3-3, owner, deciding vote, admin.
Rumours of betting scandal in the Far East were gambling regulations are very poor.
Turns out supposed high interest loan, paid from the owner to himself never got taken out and it was just on a piece of a paper that was shown to the EFL. No evidence of the club having any debt.
Owner(s) do a complete vanishing act, seemingly not arsed about the money they spent as something else will earn them more money by chucking the club under the bus
After 10 years of building the academy up from nothing to one of the best in the country, we are now having our starlets poached for basically nothing be Premier League clubs and 75 staff have been made redundant which is terrible.
More postive news, EFL release a statement saying 12 points are deducted for an insolvency event, not simply for entering administration or receivership. No evidence of creditors being owed money, which is what an insolvency event is, so we haven't suffered one, therefore nowhere in the rules does it say we should be deducted points. This is how Blackpool had 12 points overturned last season. We have brought in a top QC because of this.