Yes, but the club priced NCFC at 16m, but the cost of the club PLUS

repayment of overdraft and loans which would have to be taken on during a take-over (but of course could also be re-financed), PLUS the reported 20m into the transfer kitty would have meant that the take-over of the level he wanted would cost him 56m of investment.

They priced the club at 16m

Posted By: Steve in Holland on March 3rd 2009 at 13:09:04

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

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