So it sounds like they currently owe money which they are unable to pay (presumably including to riders) and unless this is cleared, they will be unable to declare 2025 participation when the deadline comes up (I e. BSPL conference).
The Directors are unable to finance this, and are seeking persons to contribute and bail them out, and enable them to declare participation in 2025.
If the Directors can't provide this finance, then what chance is there of them being able to keep chipping in and keep the club afloat during 2025, as they seem to have done during the past three seasons? And as someone has said, this puts them down in the bottom of rider preferences.
I heard that, when David Hemsley's promotion at Leicester hit the buffers at the end of their previous and ill-fated dabble with the top league, Keith Chapman bought the club and cleared the debts before selling it on to the Bateses. Maybe he could do the same for Birmingham, although obviously not selling to the Bateses this time