Quote:
Originally Posted by NORTHERNSOUL
The other way round actually they pulled out when they were told what the price would be to buy a league one club as opposed to the championship one that they thought they would be buying and the administrators are desperate to do a deal before the hearing in case it all goes tits up.
The preferred bidders asked for a price for each scenario and didnt like the answer they got if it was to be for a league one club.
The administrators would rather agree on a price that would apply whichever league they end up in.
Believe they're now going to do it by a sealed bid auction and on that basis already one of the remaining six has pulled out refusing to bid for something they might not end up getting.
The word is the preferred bidder wasn't the Rugby club as they would probably be the safest option but their bid compared to some of the others is pretty low. But it's very difficult for administrators to see much beyond the highest bidders however good some of the lower bidders would appear to be.
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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.