What will happen to XL.com

[bensd]

XL have gone into administration this week. What will happen to XL.com?

 

[jasdon11]

It's an asset of the company, so if the administrators find a buyer for the company, it will stay with the 'new' company. If they can't find a buyer to take on the failed company, then the assets will be sold off and any surplus revenue (after the administrators have dragged it out for as long as possible to build up their fees) gets divided throughout the creditors. Secured creditors, ie Inland Revenue / banks etc, get all their money first (where possible), then trade creditors if there's anything over.

 

[DomainsInc]

Nothing. the french and german sites are still running as usual under the domain.

 

[dolansco]

fr.xl.com
de.xl.com

are both trading for the moment

 

[mulligan]

It's an asset of the company, so if the administrators find a buyer for the company, it will stay with the 'new' company. If they can't find a buyer to take on the failed company, then the assets will be sold off and any surplus revenue (after the administrators have dragged it out for as long as possible to build up their fees) gets divided throughout the creditors. Secured creditors, ie Inland Revenue / banks etc, get all their money first (where possible), then trade creditors if there's anything over.

To-the-point-and-informative-post

Nothing. the french and german sites are still running as usual under the domain.

Nothing? .. You mean absolutely nothing .. never, even when the administrators wake up to the fact the domain may be worth more than the company ... right?