It seems likely that the prospective Buyers paid the wages bill as a way of keeping the Club out of Administration while they worked towards finalising the full details of their proposal to buy the Club. Mr Elliot’s interview on BBC clearly referred to understanding where the Club is at with regards to debts, liabilities etc. All of this would play into how they structure their final offer.
Some people may underestimate the complexity of getting this right and mitigating the associated risks for both sides but it doesn’t surprise me that it has taken a while to conclude. Hopefully they haven’t uncovered anything they didn’t expect when they thought they were agreeing a deal.
To my mind, it’s also reasonable that they would want to protect any money injected into the Club before there was a binding deal. So perhaps a condition of funding the November wages bill was the prospective Buyers would be repaid out of the funds from Joe Nuttall’s sale.
Personally, I do hope that Mr Elliot (and Mr Sharp) are successful. Listening to Mr Elliot’s radio interview, and considering his previous involvement with the Club, I think he has the best of intentions and should be respected for that.
