It may well end up being sold for £1 but the key will be what happens with the debt. Written off, pennies in the pound offer or carried over to the new owners.
Ranson was pretty open about his plan when he came in and people have repeatedly asked for SISU's plan. Problem is you then get Fisher on the radio saying exactly what they plan is and people either don't believe him, which is understandable, or just choose to ignore what he says.
Key is the debt and preference shares certainly. However it is the same principle the expectation will not match the reality. Anyone settling out the debt is unlikely to match expectations in an arms length transaction, because SISU have no place to go with it all. A purchaser is in the position to say thanks but no thanks. There are I believe people who would be interested but not at any price and there are not many of them that SISU can choose from. ARVO & SISU investors via SBS&L are going to need to take a big hit if they are set on selling
Yes Ranson made a few comments, seems in the end he didn't have the wherewithal or backing to see them through. In that light you could classify his plan as worthless. One of his priorities was not the ownership of the stadium which according to TF/JS and others is vital to a clubs survival. Still he got away with a nice settlement despite contributing to our situation didn't he.
Is what TF says on the radio really a plan or is it the only choice he has ? Seems to me that given he has no where to raise capital from he is left with only one option. Hardly a plan as such more a case of fire fighting to keep head above water nothing more. Not really something he is fully in control of.
