Jack Hayworth can better afford generosity

As he was/is worth at least 10 times more than Delia and Michael. People seem to have this weird perception that Smith and Wynn-Jones are loaded. In footballing terms, they are paupers - approx £15-£20m, and at least half of that is tied up in the football club, meaning their actual available cash position is rather less. They could have got far better value for their money by sticking it in the bank than supporting a business which doesn't pay any dividends.

Shandy are obviously the future that has been chosen, but I get a bit antsy when I see people saying "well, they're worth £275m". They're not. They MAY be worth £275m if they sell all their holdings and options at current cash prices, which is a rather different thing.

Rightly or wrongly, Delia and Michael have chosen to ease Shandy into it rather than dump the lot on their lap and run. Whatever they do finally take out of that series of deals is their business and they have no obligation to simply write it all off.

Posted By: Iwan Husarmi on October 28th 2007 at 10:27:59

Message Thread

delia out (NCFC) - rastaheadz, Oct 28, 09:25:00
- Don't talk bollocks mate (NCFC) - bongo33, Oct 28, 11:15:35
- Once Again We Ask The Question-Delia Out? HOW!!? (NCFC) - Martin Peters, Oct 28, 09:30:48
- What will that achieve? (NCFC) - YellowDave, Oct 28, 09:26:58
  - It will achieve fuck all except to sate the bloodlust of certain sections of our 'support' (NCFC) - Arganth, Oct 28, 09:31:09
    - Agreed. She's not another Robert Chase (n/m) (NCFC) - YellowDave, Oct 28, 09:36:20
      - Indeed (NCFC) - The King of Prussia, Oct 28, 09:43:41
        
        when chase was in charge football was a sport (NCFC) - strap_on sally, Oct 28, 09:48:48
        
        There are lies, damn lies, and statistics! :-) (n/m) (NCFC) - YellowDave, Oct 28, 09:45:29
        
        Well yes... (NCFC) - The King of Prussia, Oct 28, 09:50:24
        
        Yes, but I think Delia is an easy target. (NCFC) - YellowDave, Oct 28, 09:53:01
        
        And the millions she has put in (NCFC) - The King of Prussia, Oct 28, 09:55:31
        
        i think on the pitch delia and mwj (NCFC) - strap_on sally, Oct 28, 10:17:01
        
        Jack Hayworth can better afford generosity (NCFC) - Iwan Husarmi, Oct 28, 10:27:59
        
        Rita's dad (NCFC) - The King of Prussia, Oct 28, 11:19:30
        
        Spot on. (n/m) (NCFC) - Arganth, Oct 28, 10:33:02

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