I get all of the Business/Corporate stuff about confidentiality and due diligence legalistically restricting what can be publicly disclosed, and when.
But local professional sports clubs such as Ipswich Witches are also deeply rooted in their local community, and whether they like it or not, have a strong psychological contract with the local population and more specifically with those who care for and support them.
If a big, bad corporste entity or local authority comes along to put a local club's existence into jeopardy, the locals mobilise themselves to campaign to help try and stave off that threat.
In that situation, the club's owners will often join with that campaign by stressing that it is a service of great "community value", and it's loss would harm the wellbeing and sense of community which the supporters and the wider local comnunity derives from it.
In these circumstances, hiding behind corporate walls of silence is shamefully breaking that psychological contract