Originally Posted by
Holden_C
The club statement specifically states the process was started by the McCabes/SU Ltd. the Princes probable first refusal, not so much probable more legal option actually seems to be in response to that. The press didn't grasp that and reported wrongly.
The negotiations are about a price for the job lot. One of them needs to come up with serious cash, HRH probably double what it would cost Kevin McCabe. (Or their respective financiers/investors)
This. £1 thing is a complete red herring though and needs putting to bed. HRH has invested around £17m in share capital. He bought at share in a non trading company ( which owned the football club) for a pound. Then - like KMc - threw millions at it. Any mention of it in the deal is nonsense.
Promotion changes the whole picture, It will cost KMc at lot less to buy the Prince out ( and vice versa ) without it. Maybe Kevin was a step ahead......