RL understand that while JJ would like to form another bid if he had the cash, the other 2 who resigned, who own about £700k of shares between them, have still backed the offer and are willing to sell their shares to MM.
Barber says he's now hearing Tuesday, but admits that it keeps changing.
Quite interesting what they're saying, if true. Something about us being in the top 5 most expensive clubs in the country to run behind the scenes (I think he said in terms of as a percentage of turnover). While MM's bid to the shareholders during the course of all of this, his investment will actually still be the same, he's just had to lower the offer because of the huge debts the club has. Barber says if we hadn't sold Connolly we would've made a loss of £4m instead of the profit.
I think that's about all that was said on the takeover..