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Re: Bits & Bobs
Apparently its a bit like the situation that Morecambe found themselves in a couple of years back.
Old owners were desperate to sell, Prospective new owners come along, do a deal to buy the club paying in installments, in the light of no other offers old company accept, the new company announced as owners, they then look at the books and decide they want out, and cancel further payments to old owners and stop funding the club.
The old company could have come back it and taken control again but instead chose to cut their losses and put it into administration.
And yes it is correct the company that were supposed to be buying it had not passed either the old fit and proper person test or the new version either.
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