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Duveen had to find a purchaser, and sell that purchaser a Giorgione.
The club might be sold in six months, say those in the boardroom who are seeking a buyer to release cash, but that's an aspiration, not a promise, and the engagement of Barclays Capital and a new executive chairman, Martin Broughton, to find a purchaser has not made the discovery of one any more likely.
"We need to find a purchaser to put funds into the club around the new year," he added.
"I think now there's a need for the administrators to find a purchaser quickly and work with them to get a purchaser over the finishing line," said Guilfoyle.
"That sounds bad but in actual fact it is good and the club may now be able to find a purchaser".
"It's a difficult decision for them as they're not being paid, but they have agreed to stick together for the sake of the club as we try and find a purchaser".
Similar(53)
When he finally found a purchaser, he said, the buyer was quickly able to refinance his investment and take out "tens of millions of dollars more" than the $38 million purchase price.
"It is regrettable that a purchaser for all of the company's business and assets could not be located but we have managed to find a buyer for almost 50percentnt of the business, securing the continuing employment of 400 individuals".
In some cases, even if you own 100% the housing association will have first refusal to buy or will want to find a vetted purchaser.
Administrator Trevor O'Sullivan, from Grant Thornton, said: "Whilst the trustees have made every effort to find a potential purchaser capable of delivering a sustainable school operation, unfortunately this has not been achievable in the short time scale available.
They do not want to sell their holdings unless they can find a discreet, supportive purchaser.
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CEO of Professional Science Editing for Scientists @ prosciediting.com