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Post by Chico on Jul 17, 2024 12:39:59 GMT
Local journal Declan Carey has been tweeting from the Salford Council Chamber on the Conservative motion to stop the purchase of the stadium going through. What with the considerable Labour majority in the chamber, it was defeated. Whether that means they are any further down the line to completion though is another matter with Cllr Jack Youd saying the purchase is taking considerable time because the plan is very detailed with due diligence taking place at every stage (i.e. lawyers involved). Well worth a look at Carey’s commentary.
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Post by dixon13 on Jul 17, 2024 13:33:26 GMT
Probably The Tories will want the money spent on Roe Green
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Post by JJR on Jul 17, 2024 13:51:26 GMT
The Due Diligence will always take longer time than one thinks. I assume that this years Club budget has ignored any additional income via the purchase of the ground
And the only winners…lawyers…who generally drag it out as long as
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Post by Carnster on Jul 17, 2024 21:38:37 GMT
Well, the motion didn't pass. Labour voted it into oblivion. Thankfully. Hopefully, this will now mean that the sale will go through at more than a snails pace...
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Post by mauricethered on Jul 18, 2024 6:10:50 GMT
Tory Wan⚓️
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Post by Gill on Jul 18, 2024 15:15:59 GMT
I’m not happy about this due diligence excuse it’s taken far too long already. Even a small team of lawyers could put this to bed in a matter of weeks. I think I’d heard (possibly on here) that Peel hadn’t even agree a valuation yet and were still trying to screw further money out of the Council.
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Post by worsleyreddevil on Jul 19, 2024 5:49:42 GMT
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Post by dixon13 on Jul 19, 2024 11:45:29 GMT
Didn't Garrido go bankrupt. |
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Post by russ on Jul 22, 2024 10:54:02 GMT
I hear the local masons had this on the agenda in the friends of Union annual general meeting!  |
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