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Birch added: "If the club are liquidated it is up to the liquidator to sell Fratton Park.
Bolckow Vaughan, effectively bankrupt, was forced by its bankers into a takeover by Dorman Long, which liquidated it.
"The democrats liquidated it," along with 3,000 jobs.
Mr. Kluge, Metromedia's founder, promptly liquidated it, selling television stations (to Rupert Murdoch) and sundry assets like the Harlem Globetrotters and the Ice Capades.
Saddled with heavy debt from its past corporate takeovers, Reliance began suffering huge losses, and Pennsylvania regulators soon liquidated it in what was then the biggest insurance company failure in American history.
Representative Phil Hare, who worked for 13 years as a clothing cutter at the company's plant in Rock Island, Ill., said that if Wells Fargo sold Hartmarx to a buyer that liquidated it, "I promise you I will be their worst nightmare".
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Hoping to save their jobs and start a national movement, Hartmarx workers are pressuring Wells Fargo, the company's main creditor, to approve the sale of Hartmarx to a buyer that would keep it alive instead of liquidating it, and most likely putting its celebrated labels on suits made overseas.
But the managers say they would never think of liquidating it, even though they are subsidizing its operations.
At the time, Telenor had faced the loss of its entire investment in Russia after a Siberian court seized its assets in Russia, and court bailiffs threatened to liquidate it at an auction.
Or after 18 months we'll just liquidate it".
This is the corporate raider bent on acquiring a company and then liquidating it for the money, leaving the employees and the community with nothing.
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