The businesses of a local consortium would have to fully recover from the financial outcome of Covid 19.

CUFC 1921 would need to be 2 years clear of the financial outcome of Covid 19 and made to be free of debt.

The current Holdings ownership would all have to have completely departed.

EWM would have to want to dispose of CUFC 1921 (having obtained all the Holdings equity, which owns 93% of CUFC 1921).

For these matters to all fall into place I suggest that the middle of 2023 would be too optimistically early an estimate.