Thats it mate. If it wasnt getting done Bell wouldnt have invested, id sugest its just the processing of the paper work.
The real take home and concern for me is - why did we need the Bell money in advance of the MSP deal- were we struggling with the payment schedule of the stadium, are we low on cash flow.....strikes me as a bit of a red flag.
Also be interesting to see how this plays out, as it stands as a debtor and possibly a minority share holder he cant be a board member, however if he is repaid his 40 mill - by MSP and it turns out to be a bridging loan - he can take a place on the board. i.e. what we dont know at the moment is if the Bell money is part of the 100 mill or the club desperately needed the £40 mill now ahead of the MSP deal - which would be a red flag.