Djpekingman wroteOf course it will.. Bates will have it fixed up so that everytime they open a book of yet another offshore trust holding company it reveals a daisy chain of amortisations, hidden debt through a rake of other phantom offshore companies. A simple question like 'do you own Elland road?' could take weeks to unravel.
Yeah, but normally in those situations a 'new co' holding company is set up and the assets transferred to that new co in exchange for shares - including the football club (which is a sub) and then the new owners buy new co and any 'vagueness' or future exposures stay with the present owners. No one buys byzantine accounting where they can't work out liabilities.
Its something else, if there is a delay