Quote:
Originally Posted by Twenty Eight
Krasner does things by the book. Make an offer then show me the money by lodging in Escrow account with Legal Representatives.
Pay the non returnable bond - demonstrates commitment.
By the way I know of one bidder whose offer was turned down and has lost his bond.
That's how insolvency works.
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In Bury FC,s case a bit different I know Dale put the business into a CVA and upto the deadline date there were apparently 4 different bidders wanting to buy Bury, I think Dale somehow playing the game turned one down stating he preferred another but EFL said time ran out and rest is history. The ironic thing is there is now a phoenix Bury in the lower leagues and the national League is contemplating allowing Dale and Bury FC back in strange insolvency there.I think that a lot of dodgy dealings go on somewhere especially when it concerns large amounts of money. Administration team at Wigan now saying Paul Cook is an asset and trying to block his resignation.