derry

I don't like the idea of Jackson being involved. Based on the premise that he doesn't have the capital. unless it's borrowed, I'm quite relaxed because I happen to think within a month of their bid being accepted he won't be part of it having been sidelined. Secondly the LMT group seem to have substance and thirdly my intuition says there is another bid to come out of left field that nobody knows.

That doesn't add up Duncan. Buying the stadium is a 'no brainer'. It could be self financed at the reported price and make a profit without a football match played at the stadium. 4 decent concerts a year, the council contract plus using the corporate facilities etc would make a minimum £0.5m profit after mortgage payments. Anybody looking to cut the stadium loose doesn't have the money to do anything but apply a band aid.

He doesn't seem to want to talk to anybody at the moment. I just can't help thinking there is somebody else. Mike Osman told me today that everything is unusually quiet. Another person told me that there are two in but neither have all the money needed. Ron has known of this bid since the Burnley game but is sure Marc Jackson isn't involved.

While the two bidders play head tennis in the media, Fry can get on and quietly deal with the actual buyer. Just a thought.

Yes, but they were big high profile companies and we knew we were being sold, we knew who was looking at the books etc but it was always someone else, who we knew nothing about.

I just don't think it's going to be any of the known bidders. A penny to a pound the unknown ( not necessarily unknown and could in fact be well known ) buyer will come out of the blue. I'm just applying logic, as all the takeovers that have affected me, none were known until after the event, although there were rumours but never the correct buyer.

The bid I knew about was the same one Weston was sure wasn't MJ. The protective bit was talking about potential as opposed to actual and delaying the process. It seems we are no further forward, however groups that seek publicity in takeover situations almost never complete, conversely the successful buyer usually comes out of the blue. I believe that could well be the situation, whilst the two parties are using the press, Mark Fry is making no comment, which makes me think the real buyer is neither of the above.

It wouldn't surprise me if it was neither of the above. It looks possible there is a bit of unravelling going on.

My personal opinion, if Marc Jackson is visibly involved with one of the bids the administrator will sideline it in favour of another. Weston says not, but in the light of the things he is posting, it is possible Marc Jackson pulled it together, however I would expect to see him sidelined p.d.q. if his group moved forward as it won't be his money funding it. It also wouldn't surprise me, if when the money needs to be paid, it doesn't happen. It is not unknown for an imminent decision to give a loitering party the signal to move. The administrator would have to consider them.

At least it will pass a bit of time.

Not any more, and No. It wouldn't be fair.

MJ posted on the MLT thread a couple of days ago.

They also said that a preferred bidder could be revealed tomorrow, with the negotiations completed shortly after.

They are not the bidder. Who the bidder is I don't know. but it is not any of the Guernsey two, Pinnacle, the first party who did due diligence week ending 24th April, it's the second party that did due diligence that week.

Unless I've missed something there is still only one offer. As far as I can see the other two or even three have yet to put in an offer.

A CVA is a legal mechanism to agree a reduction in debt for a company in administration. A CVA is not even possible for a company NOT in administration, they and their creditors can agree any damn figure they want to settle a debt and the league have no way of legally punishing them. The initial points issue could well be resolved in the club's favour. The lack of cooperation was the league issuing conflicting written instructions to the club and Grant Thornton.

Even less straightforward, SLH is in administration and has assets and isn't broke but SFC is solvent and owes all the liquid debt, the overdraft, the creditors, to the tune of about £6m so the only write off will be the stadium owned by a third company. SFC has no assets except the players who if we are wound up become free agents. If SFC avoid winding up there won't be a CVA as the new owners will have to pay it's debts. The league is going to have massive problems with this. They have gone off half ****ed, so their rules will not be appropriate as they have no jurisdiction over the public company.

I see that now, but I think there is still only the one offer.

'nothing formal' that sounds like no bid.

It applies to any details, not just names etc. In any event it sounds like he didn't say that at all.

No.

The NDA is obviously not applying to 'his group' then.

Purely because it allows the aministrator to get on and sell the club rather than wait while those that haven't yet bid decide what they are going to do, if anything. It would be a different matter if all the bids were on the table. Presumably a deadline will be be set shortly. Two of the parties were in due diligence the week before the Burnley game, one made an offer, one didn't. The Guernsey duo haven't yet and it looks like there is still no other offer.

One bid only, everything else is conjecture. It would make things a lot easier if there was only one bid. Maybe not for the shareholders but for everybody else. The club's creditors as opposed to the SLH creditors would probably favour that.

It will be interesting to read the comments on here if the only bid is withdrawn and the others don't come in. My real worry is how close the football club is to being wound up. Any real delay could cause that. There probably isn't enough time even to effect a rescue.