In an email to staff on Friday (picked up by MCV), GAME boss Ian Shepherd has tried to play down the fact that little information has made its way down from up high to those hard workers on the ground.
After highlighting staff determination and passion, he addresses the media coverage – presumably referring to the likes of MCV, where many GAME employees have been getting all their information about the company.
“That bothers me a lot,” says the refreshingly honest email, “because it is really important to me to be as open and straight with all of you as I possibly can be.”
“The reality, I’m afraid, is that a lot of what you read online is speculation about things that might happen, rather than facts about what actually is happening. Some of it ends up being right, a lot doesn’t, but I can completely understand why it feels like you are reading more online than you are hearing from us.”
He then highlights the facts. “We’ve filed a notice of intention to appoint an administrator, which gives us the ability to trade with some protection from our creditors.”
“That’s not the same as saying we’ve already gone into administration,” he then says before having a bit of a dig at those of us reporting on all this: “despite that being what a lot of online sites are saying – they don’t fully understand the process they are writing about.”
He then says that an administration will be appointed if there’s no buyer, but that such a process will attempt to sell the business as a ‘going concern’ rather than close it down.
“We’ve made arrangements to ensure everyone is paid for the work they’ve done this month,” he says. “Everything else you read online is simply speculation. It’s painful to read so much coverage and feel so powerless about it, but I’m afraid it goes with the territory of being in this awful situation.”
Our thoughts, as we said this morning, are with GAME’s staff.
Update: we’ve just heard Shepherd has stepped down, with stores to close. More soon.