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When will the takeover go through? The Waiting Game...

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dusterman said:
Somewhere for us to play 5 a side at least.
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Quite. The point is the best outcome for all is agreement. Ron is potless, borrowed up the hilt, interest charges on huge borrowing accruing, he cant afford a huge mess where it takes another 2-3 years to sort out.
 
kentblues said:
Quite. The point is the best outcome for all is agreement. Ron is potless, borrowed up the hilt, interest charges on huge borrowing accruing, he cant afford a huge mess where it takes another 2-3 years to sort out.
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Shame that his tiny little mind can’t admit that to himself. The man’s a moron and will always think he has the ascendancy.

Problem with common sense is it’s not all that common.
 
kentblues said:
Quite. The point is the best outcome for all is agreement. Ron is potless, borrowed up the hilt, interest charges on huge borrowing accruing, he cant afford a huge mess where it takes another 2-3 years to sort out.
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I think you are probably right. He has been able to borrow more and kick that can further, but it does feel like he is struggling to borrow now so perhaps he’s finally gonna have to pick the can up.
 
C'mon you Shrimpers said:
Do you know I've had enough about "transparency". God what a crap word. Maybe I'm too old. Do your negotiations. Get it sorted and announce it together. These statements are so open to interpretation that they have limited value. And no I don't trust any of them, Justin excluded of course.
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Transparency has clearly had its day!
 
A reminder of where we are and what we need to see happening this week, as a minimum:

For COSU to continue funding the Club and complete the takeover, including reaching payment agreements with the creditors on the winding up petition, we have communicated to the Council and the Martins that we require the following three things:

1. A revised set of terms for the property contract that all parties are committed to closing.

2. An updated scope and realistic timeline for the remaining council DD work.

3. An agreement with the Martins to provide security for the further funds COSU will need to inject prior to the takeover.

We see no reason why these criteria cannot be met next week (this week) if all parties act reasonably and with focus.

If we reach an agreement, COSU will work with creditors and the league to lift the embargo and release season tickets.
 
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