If it's true, it does probably make any takeover harder

particularly given credit crunch - any prospective new owner know they would have to either renogiate the debt (probably at less favourable terms) or pay it off.

If you believe this report, obviously. Worth noting that the board are now giving off-the-record briefings to Archant, as well as MyFootballWriter. But no sign of any briefing from Cullum - so we're continuing to only get one side of the story.

Posted By: Tricky Hawes, Jul 14, 09:55:42