by Stranded »
27 Feb 2024 09:37
WestYorksRoyal Another nothing update from the STAR meeting with Howe today. Seems like a load of procrastination. Not by Howe, but by the man he's negotiating for.
Depends on how you want to take the update - there are two, equally valid readings of it.
1. Things are no futher along, we have one potential but we are actively looking to see if there are better options - hold your hats it is going to get bumpy.
2. A number of interested parties are willing to pay the money Dai is asking - upon doing our due diligence we noted that a number of parties, whilst able to pay, do not meet criteria set by the club (probably not Dai) in terms of ongoing financing/sustainability. This could be anything from not being considered wealthy enough, money being tied up overseas etc - and those in charge of finding the right owner to go forward are trying to minimise the possibility of issues with getting money in to pay wages etc.
As a result of this due diligence, a number of parties have been told we will not proceed with them but there is one that meets the criteria we have set down - as a result, this offer has moved on to the next stage of the process. This step is not yet exclusivity and we are working with a number of new interested parties who have approached Howe/the club in recent days to see if there is another option that will meet the cost to purchase and the ongoing criteria.
Completely get that most people fall into the camp who think 1 (and I am very cautious to think anything else until we get official positive news) but 2 is equally valid from the comments and also fits what Elm Park Kid has said on here, who has a decent record on these things.
So proof will be in the pudding but putting things together this seems positive but could also be a case of 2+2=5.