... as to why SC changed their bid ... Cellino lent £1.5m to GFH which a new owner would have to refund ... it is clear GFH are in no position to run the club anymore, and the sooner they sell the better ... the winding up order is seen as a tactic to delay the sale of the club, giving other bidders more time to do a deal ... we are clearly in a bad way, this needs to be resolved pronto ... can understand why SC are angry after pumping in £6m to keep the club afloat ... GFH need to go quickly or we could end up in admin again and that will bring a mountain of trouble we don't need Sent from my iPhone using Tapatalk
That is interesting, do you have a source? Last week SC used a phrase something like - breached covenants with themselves as well as the fans That is often used in commercial loans where there is not a lot of security (unlike a mortgage on property). This may explain the statement if true
