Thetownend.com

1 word....

Why ?

They have obviously listened to the BBC RS interview to get their update

That has made my day, I was rolling in laughter  :Ride On Fatbury's Lovestick:

To be fair it's good news. We are in deep shit and we need this Fitton guy to come through for us.

Did they need to put out a statement, why not just tell us when the deal is done....

DUE DILIGENCE PROGRESSING WELL...

I think that was said also about the BEST deal as well...

Bit worried about the "aside from a few outstanding issues" - sounds worryingly like "minor paperwork". Let's hope not.

  I agree, my finely honed antenna for interpreting statements, is that the deal is dead in the water.

Bit of a pointless statement, but preferable to 'it's all gone tits up again'. One would imagine this 'update' isn't aimed at the fans but more the media to get a positive message across to whoever it is needs that convincing.

Mr Fitton has always been guarded against saying that this takeover is anywhere near a done deal, which is natural becuase as we have seen it isn't done until it's done!

I guess short but sweet was better than a rambling embarassment like that Power update yesterday.

The outstanding issues being the £60,000 or so we owe other clubs in this league for tickets sold and not paid for!!

Yeah, cos they'll be really worried about that................

I would think it's more to do with the asking price (Ie SSW's 'cut' on future developments) or maybe the BP million+, or maybe the CVA, etc, etc, etc.

I don't think sixty grand is gonna be the deal breaker..................

Yup "outstanding issues" which basically means they are overpricing the club again  :-))(

Mr Fitton has already stated that it his not his problem and needs to be sorted out by the current owners!

There's a game on Saturday. They obviously read Andy King's post and got a bit scared there would be a mega mega protest. I reckon they're just trying to mitigate that.

One thing I did take from Andrew Fitton’s interview on the BBC is that they (Fitton and unnamed partners) set out very early on what sort of deal they were prepared to make.  

Hopefully that will stop anything like the sort of shenanigans that occurred with Best and the claims and counter claims of 8 million and development stakes passed about on fag packets.  

I’m also curious to know if any deal is going to involve a takeover of the holding company thus the possibility of leaving James Wills and Diamandis involved or the outright purchase of the club shares from that company.  

In the case of the latter what would then happen to the liabilities held by the holding company and would the fee paid for those shares be given per shareholder stake?  In other words to ensure their High Court claim holds up against Power does he need to be consulted about share issues of the sale of the majority holding in the club and would he see a penny back?