As I said on the other thread, getting an offer is a piece of piss. The due diligence that follows afterwards and the negotiation of contractual terms for sale of shares is the time consuming bit which will take weeks.
These deadlines are pointless. There is zero chance that a deal will complete today.
When bidders are dealing with owners like Anderson and Dale it becomes even more difficult. Both have done very little about the spiralling debts but have shuffled assets and tried to turn a profit with no concern for anyone but themselves.
Every single season ticket holder in league 1 (100,000+ ?) will have lost money if one or both of these clubs go. Neither current owner looks to be in for a loss if either or both clubs go. Staff, creditors and all fans bear the brunt.
The club have been in administration long enough to complete this process.As I said on the other thread, getting an offer is a piece of piss. The due diligence that follows afterwards and the negotiation of contractual terms for sale of shares is the time consuming bit which will take weeks.
These deadlines are pointless. There is zero chance that a deal will complete today.
Bury had already been given their 14 day notice but because Bolton seemed to have buyers ready to go the EFL suspended their 14 day notice of expulsion. Now that suspension has been lifted the 14 day clock has started ticking. However, it may all be irrelevant as the administrators have said they will start liquidating the company on Thursday if no takeover has gone through. That would surely put Saturday’s match in doubt.It seems Bolton have been given a further 14 days to find a buyer. Does anyone know why they've been given this extension, yet Bury hasn't?
I hope it's not because Bolton are seen as a "bigger" club.