He owes a significant amount of money across his business and administration could be next. As discussed on here, someone like ARC could take on the lease. 

At least we can't finish 10th... 🙂

He won't be in any heat 15s for the Foxes, so should be able to get away early each week.

It doesn't look like that's the case on this occasion (although certainly won't have helped). It's a consequence of bad business decisions when the lease was signed. Looks like Boothby signed up for a lease he couldn't afford on his own, knowing he was getting financial assistance from SIS. Now SIS themselves are in financial trouble and have pulled the plug on giving Boothby any cash - meaning he can no longer afford to run the greyhounds. 

Agreed, but are these the consequences of not paying your bills?

If they use the same formula as for Ablitt at Scunny then 4.67