Melrose Consortium Bid Rejected

The Melrose Consortium bid to take-over Stockport County has been rejected by the FA. Where this leaves us now, I don’t know – but we understand that Jim Melrose and his backers will come again with a ‘substantially improved’ bid. For about the fiftieth time.

The FA turned down the formally submitted bid as cash-flow forecasts weren’t given by Melrose, who said that these forecasts would be submitted AFTER the bid was accepted – of course, the FA told Mr Melrose politely that that isn’t the way it works.

The former Celtic & Man City midfielder also offered £200k less than the required bid, although this isn’t believed to be the major sticking point on why the bid was rejected.

It just keeps getting worse.