Prestwich_Blue said:Exactly.bluemonkey71 said:That would mean the board would have to agree to the sale then?
G+H would just tell them to piss off if there was nothing in it for them.
There is no mileage in this bid whatsoever.
As for the others, if indicative offers were only received last week and its taking until next week for (a) preferred bidder(s) to be selected, there is absolutely no chance whatsoever that a deal can be completed this side of the window (unless the buyer is a multi-billionaire who is offering a knockout price and is prepared to proceed blindly ie without reviewing the due diligence. It goes without saying the chances of this are minuscule.)
As for the Chinese Sovereign Wealth Fund doing this deal - lets not even waste time thinking/talking about it.
My guess is this one will run and run. If a process like this receives six bids and one is a Syrian and one is a Chinese opportunist, I anticipate a very low chance of success from the other four. There will be one ex-player consortium, a couple of complete time wasters looking for some free tickets and a tour and one credible and serious bidder but at a low, low price. It will then come down to how desperate H&G are to protect what little value (if any) they have left in this and whether they have other options to refinance the RBS monies.