Yeah, which explains the crap about the price being 56m

"'In the case of someone seeking to take control of the club and at the same time invest ?20m in the playing squad this would take a minimum of ?56m.'

The figure includes ?16m to buy up shares at the current issue price of ?30 each, ?16m to pay off the club's bank debt, which would be called in if a takeover went through, and ?4m to repay loans from directors. "

The actual price is 16m.

Posted By: Steve in Holland on March 3rd 2009 at 13:06:34

Message Thread

BIG NEWS FLASH FROM NEIL DONCASTER... (NCFC) - Alan, Mar 3, 12:58:45
- 4/9/08 (NCFC) - andross, Mar 3, 13:03:13
  - And...... (NCFC) - jafski, Mar 3, 13:05:30
    - Yeah, which explains the crap about the price being 56m (NCFC) - Steve in Holland, Mar 3, 13:06:34
      - But what that shows is that a value had been put on the club. (NCFC) - jafski, Mar 3, 13:09:44
        
        Well if it is on the stock market, the directors cannot control the price. (NCFC) - Steve in Holland, Mar 3, 13:11:53
  - thanks, must have missed that. (n/m) (NCFC) - Alan, Mar 3, 13:05:21
- "no one here has ever put a value on the club".... erm isn't that a little porkie ? (n/m) (NCFC) - Taxi 4 Johnson, Mar 3, 13:00:58
  - thats what i thought.. i thought cullum was told 56m??? (n/m) (NCFC) - Alan, Mar 3, 13:02:57
    - I think that's what we heard from Cullum. (n/m) (NCFC) - CB41, Mar 3, 13:06:13
      - Yes, it is, but the board said: (NCFC) - Steve in Holland, Mar 3, 13:07:11
        
        here's the official statement (NCFC) - Ralf Scrampton, Mar 3, 13:13:23
        
        Yup. Anyone know the current share price ? (n/m) (NCFC) - Steve in Holland, Mar 3, 13:16:26
        
        Norwich are not a PLC so the share price is not set by the market (NCFC) - Cart Gap Disco, Mar 3, 13:19:01
        
        the ?30 was decided long before any AGM (NCFC) - Ralf Scrampton, Mar 3, 13:23:36
        
        they're not quoted anywhere (NCFC) - Ralf Scrampton, Mar 3, 13:17:32
        
        I'll give you 5 euros for it (n/m) (NCFC) - Steve in Holland, Mar 3, 13:21:15
        
        ?29.00 (n/m) (NCFC) - Ralf Scrampton, Mar 3, 13:23:57
        
        5 euros. 29 quid for a B preference share in a League One club with no assets ?! (n/m) (NCFC) - Steve in Holland, Mar 3, 13:25:07
        
        have we sold both Colney and Carrow Road already then? (n/m) (NCFC) - Ralf Scrampton, Mar 3, 13:30:29
        
        No, not yet (n/m) (NCFC) - Steve in Holland, Mar 3, 13:33:30
    - No, Cullum made it out that the price of the club was 56m. (NCFC) - Steve in Holland, Mar 3, 13:04:29
      - 56 million was (NCFC) - Cart Gap Disco, Mar 3, 13:07:24
        
        Yes, but the club priced NCFC at 16m, but the cost of the club PLUS (NCFC) - Steve in Holland, Mar 3, 13:09:04
        
        I don't disagree I was just pointing out what the 56 was (NCFC) - Cart Gap Disco, Mar 3, 13:14:26
        
        You'd also need to refinance the overdraft and loans which these days will not be easy (n/m) (NCFC) - Steve in Holland, Mar 3, 13:16:59
        
        Exactly (NCFC) - Cart Gap Disco, Mar 3, 13:20:41
- Oh My God!!! (NCFC) - Steve in Holland, Mar 3, 12:59:49
- Well, when they appointed someone to find a buyer (NCFC) - duke of york, Mar 3, 12:59:29
  - When.. I am out of the loop living in soton... since???? (NCFC) - Alan, Mar 3, 13:00:07
    - Yep.... TOPS have got it in their window in Tombland (n/m) (NCFC) - Pixelman, Mar 3, 13:01:56
    - don't believe things you read (NCFC) - Charles21, Mar 3, 13:01:53

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.