Preferred bidder clarification

[Dave Deacon]

Events seem to be moving on as the deadline once again moves closer.

I understand the "preferred bidder" mentioned in the statement from James Moore is who the Fans Trust approached. This "preferred bidder" is an independent party who was approached by Tom Osborne from the Trust.

[Argyle Fan]

As there are just over 24 hours to go until the final deadline, is there any feeling that the preferred bidder will be able to pull off a rescue package?

The statement last week from the Conference said:

"At an emergency Board meeting held on Friday afternoon the Directors expressed their hope for this latest development and granted the club, through the Administrator, seven further days, until 5pm on Thursday, 18th October, to meet its requirements and complete a sale.

If the club fails to meet this deadline, the Board will be obliged to consider the club’s further participation in the competition."

This suggests that the Conference are expecting an actual sale of the club to have been completed, i.e. signed, sealed & delivered, but I've also seen comments which suggest that the payment of the £50,000 bond would be enough for a stay of execution.

[Dave Deacon]

I think the legal term I was given was "Fingers crossed" - for a satisfactory outcome! :)