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Add me to that. Concerns: whether debt is gone or just more likely moved somewhere. -Don't see the arena and football club being in one company (even if they manage to get their hands on it) - Why SISU are keeping 15% - Timing - any deal with bondholders is going to create some fairly...

Smart guy. Finance man. Don't get distracted by the rapeseed as that is going to be a huge business ( only in it's early stages and he's got in early).

That the company he set up to apply for the building grant?

Different deal done for Wasps but needs RFU approval etc.

Is the Ashley interest a private one, Fraser group or another Ashley business entity?

Just don't see it. There's not enough "meat on the bone" for Ashley to fork out nearly 17 million for just 60%. Plus there's the investment needed to move things on . Or maybe if they convert monies owed to him into share equity?? But Richardson staying in involved if the bondholders don't get...

Atm Richardson doesn't have decide which is the best deal for the creditors. The best deal for creditors becomes the administrator's concern - if one is appointed tomorrow.

In terms of the Arena itself don't see Ashley wanting Richardson around. No need to pay him. Maybe the carrot is some involvement in the development of the land around the Arena.

Whatever the short-term impact the long-term outcome will be increased military spending by European NATO members and Sweden & Finland will definitely complete their membership. Short-term will include a strengthening of their resolve to push Russia out of Ukraine. Even conservative media (...

Shouldn't be. Their missile units are much better trained and invested in than the regular army.

who are his backers exactly?

Reeves isn't negotiating with Ashley is he?

Getting the creditors the most money may well not be the best option for the business going forward. Sometimes need to avoid asset stripping from potential new owners. Exclusivity period is to get the deal done quickly. Weeds out time wasters.

Process is transparent in that it is following standard procedures. I'm surprised he claims to know the details of Ashley's bid as I thought negotiations would be covered by an NDA during the exclusivity period.

Safe to assume the exclusivity payment is what is keeping ACL out of liquidation at the moment?

Surely key will be can the bondholders show how the companies can operate until an alternative buyer is found? If they can't then it's either the preferred bidder or liquidation. HMRC ( for one) still waiting to get paid and they will push for liquidation if they can't see their money soon...

Was that ACL or the trustee that asked for money to advertise a sale?

Are you sure the council would have called a match-funding arrangement a "bailout" ? They could easily called it an "investment opportunity" or a "regeneration project"

It's like a poor man's "Yes Minister". Hiding intent behind phraseology

That'll pay for a couple of hours of legal work then.