Re: Matthew Ellis Takeover : Wed May 24, 2023 1:47 pm
RWB wrote:
Agree to an extent BSC - but think that is RFL's role in approving any change in ownership. From MC's point of view as an exiting shareholder of a Ltd Co, there's nothing really is there? Fair enough check the new guy has sufficient brass to take on the debts etc but he can walk away pretty quickly and cleanly if he wanted. In terms of supply chain, current commitments - they remain with the company.
He can just walk away, but their point has always been they are custodians of the club and as such feel the responsibility to make sure its passing to good hands.
Otherwise you end up with a Pearman with invisible money or Glover who didn't really know how to run a sports club.