wanderlust wrote: Sluffy wrote: wanderlust wrote:Getting bored now. Just take the money and f*** off Anderson.
It's not as simple as that.
As I've been saying all along, he can't sell the club whilst there is a lien on the ownership shares of the club.
Until he can find the £5 million (or whatever it is if interest etc is added) to do this he can't sell.
Maybe he's hoping that the buyer would advance him the money to do that but I doubt anyone will be doing that.
Add on to that, that he's said he will pay the players wages on Monday.
I think he's going to have to find some money from somewhere otherwise the club would be trading whilst insolvent - which could ultimately put him in jail.
Interesting days ahead!
At this point he still has control of the shares which he is selling so theoretically, couldn't he try to negotiate that the debt is settled as part of the bill? I had assumed that was the case, but may be wrong. I suspect he wants a price that would cover his outstanding debt and leave him with a nice payoff and if so that is perhaps the sticking point.
Even if there is a claim on the shares, if they come to agreement that the debt will be paid one way or another and can sign a contract to that effect there's no reason why they couldn't make the announcement and let the paperwork follow.
The repayment date for the loan as passed so Anderson is in default. The loan as not been called in, so Anderson is owner of the club in name only.
Eddies estate will not discharge the lien until it is paid in full.
So he can't do anything until he settles up.
The consortium will not deal with Anderson until there is no lien on the shares, so there is deadlock.
Time's ticking because the HMRC winder is due on the 20th of this month.
There is also the players wages to pay tomorrow.
If they are not settled soon then the club can't continue trading as it has become insolvent.
Any new bidder for the club won't have any time to due any financial due diligence on it - so would be buying it blind.
As for Basran, on the face of it, he doesn't seem to have money left after purchase to invest in the club.
I don't put much store in the Kenyon link.
Anderson seemed to be looking for £2 million after clearing all debts from final purchase settlement - maybe less now.
Do you still believe Ron Billionaire couldn't have afford that from his reported £3 billion worth of wealth?
(I still chuckle at that one!).