> > If the Redbus/Morris bid is significantly larger than > Bates' (and if > > HMRC are indicating they would be satisfied with it) > > Correct me if I'm wrong (and I probably am) but as I > understand it the only people that have to approve the bid > are the administrators and HMRC have no say whatsoever now > the club has been put up for sale by KPMG >
correctish, but HMRC still have an outstanding court case, due to reopen on 1st Sept, which is a sword of damocles hanging over these proceeding. Sky interviewed a Business consultant with some experience in the matter and he reckons it is a very tough call for KPMG, who need to make a decision quickly, which he reckons means within a couple of days! He reckoned the larger conditional bid would probably not be acceptable because the conditions would increase the time before a deal was done and they cannot continue as administrators for much longer without the business collapsing. ttfn Richard _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. Leedslist mailing list [email protected] http://list.zetnet.co.uk/mailman/listinfo/leedslist Join The Leeds United Supporters Trust at www.lufctrust.org
