In my layman observation:
The judge might lift the injunction on the sale, which would presumably go to ABEL unless the judge says otherwise.
It seems a judge can say Power has to sell to Axis (there is precedence); whether he does remains to be seen.
Another option is that nothing's decided and we end up waiting for yet another court appearance.
Exactly this - things may or may not get resolved.
I suspect the following - but new spanners could be thrown!
Assuming the books have been opened to fully Axis, it then depends if Axis are ready and willing to make a formal offer for the club.
- If ready then judge will consider it (may need a bit of time to do this) and ask LP Power to provide reason as to why he won't accept it. Probably the preferred option assuming Clem's intentions are mostly genuine (I'm trying to be positive!).
- If not ready then we will see another hearing.
- If not willing then there are a whole host of options - Abel, admin, Standing counter bid, time to find alternative, etc - could get messy and is probably the worst option due to the increased uncertainty.