Somebody has put an amalgamation on facebook about Ernest’s intentions going forward, but it is 3/4 theories based on rumour.
It seems to suggest Ernie still wants to press ahead with the flats which is stalling on any sale.
It reads bad but even Ernie is not stupid enough to retain the club at £80k per week loss to reclaim profits in 3 years time, basically any profits from the flats would be eaten away in the losses prior to that. Also surely no one with a modicum of business accumen would enter a financial arrangement which allowed Peter an element of control?