----- Original Message ----- 
> It means that the FL felt they were not in a position to allow KPMG to
> sell the GS in the second sale.  Which means the conditional offer was
> irrelevant.

KPMG cannot sell the GS. It is not theirs to sell. Only the FL can grant it
and there are only 2 criteria for them to do so AFAIK.
Conditional offers would only be irrelevant if the GS was NOT going to be
granted under the exceptional circumstances clause.
It was the FL themselves who brought up the exceptional circumstances clause
which has never been used before.
I have some difficulty with the concept that the FL brought up this clause
but had no intention of using it.
If the FL did not want to use this clause why on earth would they even
mention it in the first place ?
Who might have had the most to lose if the clause had been allowed ?

Think it through. Exceptional circumstances applies, conditional bids are
now valid.
Who wins ? Who loses ?
If exceptional circumstances applies now, it applied then (unless there has
been a change that only you know about).

> More to the point, why on earth wouldn't the FL have the power to grant
> any  team membership to their own private members club?

Of course they have the power. It is in the rules.
There are two ways they can do it.
Which one would you like ?  Bear in mind the above re exceptional
circumstances.
Alternatively they will have to go through the correct procedures to change
the rules.
I don't know what those procedures are but I'm willing to bet that it isn't
a two minute job.

>The only sticking points would be the rules not allowing it, or the
>decision makers not wanting to.

Why do you think that these are the only alternatives ?
Have you ever in your life been prevented by others from doing something
that you otherwise wanted to do ?

Either you are unwilling to see other possibilities or you simply don't get 
it.
Either way I'm off this thread. 


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