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Title: Comment from Wilkes in WDP Post by: sonic youth on Saturday, December 23, 2006, 08:54:06 WILKS UPSET BY SWINDON BID CRITICISM
Businessman Mike Wilks responded last night after the fans consortium bid to buy out majority shareholder Sir Seton Wills was criticised by the club. The group, backed by former investor Bill Power and represented by business executive Wilks, submitted proposals to the club's solicitors Clark Wilmott earlier this week. But those proposals - which included taking over the club's current liabilities and renaming the Stratton Bank in honour of the Wills family - in an eight-paragraph letter were labelled too "speculative" and "general" on Swindon's official website yesterday. But Wilks explained that the consortium was not at liberty to provide further information until the group was clear on the full extent of the club's existing debt. Wilks said: "I am saddened by this response to the proposals. "It is very difficult to offer extremely detailed financial proposals without any of the relevant information pertaining to the club's existing liabilities." http://www.westpress.co.uk/displayNode.jsp?nodeId=150309&command=displayContent&sourceNode=150308&contentPK=16250527&pNodeId=150310 Title: Comment from Wilkes in WDP Post by: OOH! SHAUN TAYLOR on Saturday, December 23, 2006, 10:04:28 Hmmmm....it would appear to be something of a Catch 22 situation at this point :?
Title: Comment from Wilkes in WDP Post by: red macca on Saturday, December 23, 2006, 10:28:40 Todays adver says that both partys have agreed to remain tight lipped over this now.That statement looks like its not very likely then :D
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