So Tata has sold the Scunthorpe steelworks (along with other sites) to Greybull Capital for the princely sum of £1. Did they not heed my sage like advice? Are they mad or am I completely wrong in thinking that this is just an exercise in futility? The first thing I have to say about this deal is that it hasn’t been finalised. Some media reports state that the deal won’t be signed for weeks. A lot can happen in that time and I wouldn’t be surprised if it does. Don’t be shocked if the deal changes dramatically or even totally unravels before pen is set to paper. The details about this deal are in seriously short supply. One “detail” that[…]