As the major creditors. they're the ones who will lose out from administration. I had a stab at a plan here. New manager
Sounds as good as anything else I've seen, but why all the hassle when they could have accepted Lee's excellent offer?
If there is a preferred bidder they may well be biding their time until February or March, now that all the other potential owners have disappeared.
Exactly. They will not lose money. What they know that we don't know I don't know but i know they know
They have already lost £3 million as a result of the fair play rules. The extra £3 million in shares they have to buy adds not a penny to the eventual selling price.
Don't Preferred Bidders normally have a defined window of opportunity, before it reverts to a reserve bidder or a new selection?
It's a little academic, as there is no preferred bidder. I'm not convinced there's any bidders left at all now.
That would be my call, too. I have no regard for the Allan's whatsoever, but I find it difficult not to grant them some degree of commercial acumen. Against all apparent logic, they seem to be making a sale very difficult and it does appear that they have no real desire to sell, but are fielding approaches created from their words when we were in the Championship. Ow is the old man; is he aware and able to make reasoned judgement?
If he is aware and able to make reasoned judgements that would be a reversal of the normal aging process as he couldn't not so long ago.
Won't be the first time someone has built up a business and a son with an inflated opinion of themselves without the business acumen of their father has ruined what they had built up. Can think of a few examples round my way, as I am sure others could.
