If the takeover had been approved then a submitted set of accounts would have to indicate a post balance sheet event stating that the club had been or is in the process of being sold. If the takeover is in progress (which it is) then a submitted set of accounts would have to indicate that there is an event happening regarding the sale of the club and that a deposit had been received. The key point I am making is that the fact that the accounts are now late (and under normal non-covid extensions late by more than 3 months) it indicates that things are very much still in progress. If the accounts HAD been filed with no mention of a post balance sheet event. Then that would mean the deal was dead in the water. Does this make sense?
