How did Smith and Jones build up such a tight control?

By constantly issuing new shares and buying them back instead of just investing money in the club.

This way their ?11m investment could in theory be returned by selling their shares.

This is why I think the Cullum deal fell through. They didn't want to kiss goodbye to ?11m so are now gambling with the whole clubs future.

Posted By: Ben on February 17th 2009 at 23:30:47

Message Thread

If we get relegrated it will be 100% deserved (NCFC) - Ben, Feb 17, 22:33:38
- I agree Ben.... if by some miracle we stay up this season we'll only be here again next yr (n/m) (NCFC) - Taxi 4 Johnson, Feb 17, 22:39:51
  - Indeed (NCFC) - Ben, Feb 17, 22:52:53
    - I have a certain sympathy with the view that (NCFC) - duke of york, Feb 17, 23:00:32
      - Chase was never majority shareholder (NCFC) - Bryan Salad Surgery, Feb 17, 23:23:45
        
        How did Smith and Jones build up such a tight control? (NCFC) - Ben, Feb 17, 23:30:47
        
        How? (NCFC) - Bryan Salad Surgery, Feb 17, 23:37:53
        
        They value the club at ?16m (NCFC) - Ben, Feb 17, 23:44:00
        
        Thing is (NCFC) - Bryan Salad Surgery, Feb 17, 23:59:38
- Surely any team that gets relegated 100% deserves to be (NCFC) - King, Feb 17, 22:35:21
  - Come on - bad luck can play a part, but not in our case IMHO! (n/m) (NCFC) - Kirrie, Feb 17, 22:37:00
    - Why not? We've had some decisions go against us, haven't we? (NCFC) - King, Feb 17, 22:41:39
- Agreed Ben - we'll probably get what we deserve...... (NCFC) - Kirrie, Feb 17, 22:35:11

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