So at last the real truth behind the Heaney deal is starting to emerge. In the Herald (page 5 - but not yet online) Guilfoyle is on the record as saying,
"We are told that there is a deal he#s completing at the moment that requires completion to complete our deal"
"We continue to look him in the eye and we continue to ask him whether he#ll complete"
In reference to the deal, Guilfoyle says, "That is how he'd prefer to fund it but, if not, he has other routes to which he can fund to the level required".
Apparently, Heaney's solicitors have confirmed in writing that should the deal (as the preferred funding route) not be completed then "alternative funding routes remain open.
Informed sources have confirmed to me that this 'land deal' has allegedly been the 'main funding route' since the Sale and Purchase Agreement was signed back at the end of June when the original 'exclusivity deal' collapsed after Abe's withdrawal. Perhaps r. Guilfoyle would like to confirm that.
The same sources have confirmed that allegedly the Sale and Purchase Agreement was to conclude on 12th Augsut (it was 5th August but the signing of the SPA was delayed for a week). The SAP allegedly contains a clause that if both parties agree then the period of exclusivity and presumably confidentiality can extend indefinitely by agreement. Guilfoyle has allegedly agreed to extend it to 31st August. This would appear to been done to try and block out any alternative plan from being considered
One more on the record quote from Peter Ridsdale when referring to the £4.2m+ he will receive direct from Kevin Heaney into PAFC(125) Ltd - "It will be up to me as chairman how I manage the club with that money"
The above on the record quotes will surely bring further into question how this administrative process has been handled, how Heaney intends to fund the deal, whether the 'proof of funds' can be legally demonstrated, whether the deal can still pass the Association and Dual Purpose test at the Football League particularly in relation to the funding of PAFC (125) Ltd and I am sure there are many more.
Perhaps it is a little clearer now why, despite the bluster, Guilfoyle has admitted to not sleeping well. No wonder!!