REDWHITEANDBLUE wrote:I would think heads of terms were agreed ages ago on the price and as stated without rumours due diligence is on going.
A Heads of Terms agreement in a situation like ours would have included a ‘ force majeure’ proviso in the event of the club being relegated. It’s also possible that two valuations were made before signing the heads of agreement, one for the club remaining in super league and one for a relegated club.
The main point I was making was that had the takeover gone through fairly quickly then the extra time would have made it possible for Mathew Ellis to provide more funding and improve the team in an attempt to avoid relegation.
However, now that the talks are extending for a protracted period, the deadline for new signings has gone, and therefore it is in Mathew Ellis’s interests to wait until the end of the season thus removing the urgency to conclude the takeover
