Overview
- Begbies Traynor plans to review offers next week and aims to accept a deposit and grant exclusivity by Friday, 5 December, triggering EFL checks.
- Twelve prospective buyers have provided proof of funds, with initial Letters of Intent and first bids requested under the sale timetable.
- Reported suitors include Mike Ashley, US investor John McEvoy and an Indonesian group, while a Middle Eastern consortium has withdrawn.
- A reserve price of about £30m has been set, with Chansiri’s claim reduced under EFL rules and around £8m secured on the stadium by New Avenue Projects.
- Short-term cashflow has been shored up by supporters and a £1m interest-free loan covering November and December wages, as experts warn substantial further spending will be required and the top-priced bid may not prevail.