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I'm curious about this 'red tape' rumour. Perhaps there isn't any at all, just this is how long it takes for signatures, money and documents to be put into place. The end of July would be a decent deadline I would think.
I guess it depends on how we are doing it. If we are going for the full on "done deal" then there may be a hold up with the FL or FA as we know how great they work and still think it is 1984 when it comes to communicating. If we do what Villa did and announce the takeover before the owner had passed the F&P test, then there really won't be red tape just, as you state, the general nature of sorting a deal like this