Quote:
Originally Posted by Twenty Eight
Well that’s not the official line.
Non compliance with stage one exclusivity.
Money could not be proven to be lodged with Solicitors and £100k non returnable bond not paid.
I was told reason for that was thr need for due diligence first.
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Well of course they wernt going to pay a 100k non refundable deposit when a purchase price hasnt been agreed in the case of it being a League one club theyre buying.
They were the preffered bidders because their offer to buy it as a championship club was the best on the table but their valuation of it as a League one club is a long way short of the administrators.
Whereas the bid from the Rugby club is a lot less for the championship club but a lot nearer the administrators value of it as a league one outfit.
However apparently over the weekend talks reopened with the original prefered bidders.