Is no news

I get the frustrations of those wanting to get this over the line ASAP, or at least have a bit of an update as to proceedings.
But it certainly won't be the fault of PC and probably not that of the buying consortium.
If you've ever bought a house, you can draw a comparison. You have your mortgage in place, you find a house you want, put your offer in and agree a buying price. As an excited new home buyer, you just want to shake the vendors hand, transfer the money, take the keys and move straight in.
But no. You have solicitors acting for both parties dragging their heels, the council and their mining search which generally takes forever (to just photocopy a document that was drawn up in the 70s) and all parties are left frustrated playing the waiting game. And when you ask the question, why the delay, your solicitor will tell you it's their solicitor, their solicitor will tell you it's your lender, etc, etc..
But this is a £20m transaction, and with PC and the council, there are two vendors, so more solicitors dragging their heels.
I can nearly guarantee you that Mr Cryne is far more frustrated about this process dragging on than anyone who chooses to vent their frustrations on here.
What will be, will be. Reds!!!

 

You want to know if negotiations are ongoing.
You know full well they are.
Do you honestly think if they weren't no announcement would be made and everyone would pretend nothing had ever happened?

 

That's a given.

 

It's perfectly clear what's happening. None of the negotiations are confidential at all, it's just that the club want to annoy the fans by not telling them anything.

 

Well its obvious its not failed yet, but there's more it than the due diligence mantra. I say that the perspective new owners want more than is being offered for there 20 million. Hence the council meeting.. takeover may happen, or may not. And hence Heckys no idea about Januarys transfer window statement

 

Lot of assumptions in that statement. Basically you have no idea.

 

If it's pure guess work, I'd say PC & the prospective new owners are struggling to convince BMBC about the plan and ownership of the fixed assets.

 

Reckon we're waiting on the stadium - future plans and 50% buy back hence BMBC meeting. If they takeover before Xmas and they're serious about investing in us l think the West Stand will be bulldozed next summer. It's not the FA's test that's holding it up, they own a team already that much bigger than Barnsley and they're two multi-millionaires and a billionaire, I reckon they've easily passed those tests.

 

I assume you have never heard of an NDA then.