[maccawozzagod]

the 51% is paid for and O'Neill has the share certificates. However EW will not sign the shares over to him on a legal basis until he has assurances that he will be repaid, by the club, for the directors loans that he claims to have put into the club over the years. Source tomorrows Observer.

The next bit is educated guesswork but because the accounts were in such a****state there was no way to prove or disprove the supposed loans made and that is why it has taken so long as IK or DON try to ascertain what monies have been paid or not. This apparently is nearing completion.