Letter of intent

I heard today that the club were going to produce a letter of intent for Wednesday ref the malaysians investing to fend off the Revenue .

Anyone know anything further about this ? Will HMRC swallow this - anyone know, apparently there is a new deal on the table ?

looks pretty desperate.

i heard the same thing.

what i can't understand is why fanny about with a "letter of intent"?

If they are going to invest why not start with £1.7 million to pay off the tax in full?

If they're not going to invest then why should the Revenue accept such a letter?

If I was them I' d check it hasn't come fresh off Ridsdale's printer !