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The making of a firm offer is subject to a number of pre-conditions, including completion of due diligence by both parties.
The sale would also be subject to the completion of due diligence and clearance from competition regulators.
This non-binding proposal is conditioned upon (i) satisfactory completion of due diligence, (ii) approval by our Board of Directors of the final terms and conditions of the potential transaction, and (iii) execution and delivery of mutually acceptable definitive documentation, and satisfaction of the closing conditions set forth therein.
SL Green noted that the rival bid is contingent on completion of due diligence.
The joint statement said: "Wrexham Football Club and Wrexham Supporters' Trust are pleased to announce that the sale and purchase agreement has largely been agreed in principle, subject to clarification of a small number of points, completion of due diligence and approval by the football authorities.
The proposed deal is subject to the completion of due diligence as well as approval of a majority of "disinterested stockholders" — not including Musk or Valor Equity Partners founder Antonio Gracias, who is a board member at both Tesla and Solar City.
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"Any offer remains subject to a number of preconditions, including the satisfactory completion of confirmatory due diligence," Coolabi said.
This offer is conditioned on completion of cursory due diligence, and the redemption and waiver of anti-takeover devices and laws such as the poison pill.
Al Fahim added: "I have always said that we would complete the due diligence process in the course of July and that I would submit to the Premier League my application under the Premier League's 'fit and proper person test' immediately after the completion of the due diligence.
However, our offer is subject to the satisfactory completion of our due diligence review of Take-Two, the negotiation and execution of mutually acceptable definitive transaction agreements and the satisfaction of customary conditions to be set forth in such agreements.
It is subject to the satisfactory completion of a due diligence review of Take-Two, the negotiation and execution of mutually acceptable definitive transaction agreements, and the satisfaction of customary conditions to be set forth in such agreements.
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