The only thing that has kept SIL out of administration has been...

The only thing that has kept SIL out of administration has been the mercy of the bankers, who have so far waved the covenant breaches because they have backed the current turn around plan. If Timoney wins control, the lenders may not want to work with the person who created this whole mess in the first place, and they may demand their money back immediately, which we all know sil don't have, and sil will go into administration.