Fresh from twitter

I think it will be to make sure GFH cannot be gazumped. Bates has nailed his colours to the mast, taken £2m as 'down payment' thus allowing GFH to raise the rest of the funds required to purchase the club.... and take their time in making sure they fully understand what they are actually getting for their money (no hidden 'gems'
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It's well documented that they don't have £52m of their own money sloshing around so the only way they can purchase the club is with money provided by investors.

Interesting that there does not seem to be a time limit on the document - so this could rumble on a while yet until they are 100% happy with the deal.

The money is so no other people can but leeds but them till x mas? They only agreement tilll x mas? That what this is for?

So if they don't buy club does bates get to keep it?

Why would kb put 2m of his own money back in the club he is selling? That money will be his not the clubs?

Stoopo, we heard about the 2 mill some weeks ago but some on here pooh poohed the idea.

What is happening to the 2 mill, is it sitting in a bank account whilst we struggle to pay any sort of decent wages?

I think Bates is struggling for cash.

Who says the mortgage is only until the end of the year? Have you seen proof of that meme?

A mortgage is usually a long-term loan, but it can be paid off early, with sanctions if paid too early.

The document is very revealing - GFH have a right to veto any sale, and Bates can decide not to bother selling and just pay off the mortgage in line with its agreement (which may be 25 years).

I suppose it depends on what the contract says. It could be short term or open ended. Xmas might be correct, who knows?

Bottom line is they put up £2m (as Jonty correctly mentioned weeks ago) and obviously want the club

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Whatever meme they were prepared to put their money where their mouth is.

Not sure where the Xmas date came from. Have you a link?

Obvious that Bates has spent all the moneyor salted it away somewhere even more likely

Not x-mas sorry end of the year.

Not really stopo if it has to be paid back then this money is safe for them.

But if the 2m does not have to be paid back then they have done.

But we don't know.

So no link then