Quote Originally Posted by McCullochisGod View Post
I'm failing to see why it's taking so long to complete. There's not a great deal to buy. No ground, no training ground no assets. Only debt which they will either pay off or ask Hardy to settle. The £6m quoted as the asking price is a joke, what are you actually buying for that? There's always some other piece of due diligence to be done which has been going on for too long. I just hope Hardy isn't prolonging a very slow death.
The £6m is paying the debt. We owe about £1.4m to paragon interiors and £4.5m to paragon leisure, that kind of equates to £6m... Hardy won't see a penny but I suspect he's trying to get more so he will. The new owners will also have to pay HMRC and other creditors on top of that. They seem happy to pay the debts it seems but Leigh Curtis has said that they want Hardy on the hook for any debts they find in the future that relates to before the takeover. It's complicated and to be fair, the group seem to be doing everything by the book, hopefully we can have decent owners if this is anything to go by