And if Cellino should be deemed to fail the Football League's 'Fit and Proper Persons' test, then presumably GFH would then have to sell for whatever someone else was perpared to offer. They would get less than the £25 million that Cellino is offering, which would leave them well out of pocket, but it may yet stay out of administration even without Cellino.
Tim W. ________________________________ From: Paul Cundell <p...@cundell.com> To: David Nattan <nat...@sky.com> Cc: Leeds List <leedslist@gn.apc.org> Sent: Thursday, 6 February 2014, 18:03 Subject: Re: [LU] Sounds like we are in BIG trouble I don't want to get into the rights and wrongs of Cellino like I did Bates, plenty slated me over my opinion of Bates and I'd prefer not to get embroiled in a similar argument again. However, lets not confuse the need for a takeover/cash injection with GFH's apparent desire to sell to Cellino. Just like when the Kransortium sold to Bates there are alternative buyers. So it therefore doesn't follow that if Cellino doesn't buy us we'll go into administration. It may be that if someone doesn't buy us we'll go into administration but that someone doesn't have to be Cellino. Just like when the Kransortium sold to Bates, they had to sell to someone but that someone didn't have to be Bates. Cheers Paul On 6 Feb 2014 14:54, "nat...@sky.com" <nat...@sky.com> wrote: > > Cellino does not seem to be the answer BUT if he does not take over the club it does look as if another spell in administration is beckoning ? We appear to be losing money hand over fist and our debts are growing massively > _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org John 'Grampa' Sykes Rest In Peace old lad 28th Oct 1938 - 12 Nov 2013 MARCHING ON TOGETHER _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org John 'Grampa' Sykes Rest In Peace old lad 28th Oct 1938 - 12 Nov 2013 MARCHING ON TOGETHER
