The two aren't separate like that.

He wants to invest 20million in the club - for which in return he expects to become majority shareholder.

That money is then new capital for the club, to spend as they (with him in control) see fit.

Of course he describes this as being 'money for new players' - he's now waging a PR war. But what the new money was spent on would in the end be down to the board - and him as majority shareholder - to decide.

Posted By: Tricky Hawes on June 30th 2008 at 09:45:17

Message Thread

The Cullum offer (NCFC) - Jim, Jun 30, 08:50:07
- I wouldn't get too frothed up about it, (NCFC) - Small, Jun 30, 09:34:32
  - he has a 70% stake in a company worth 3 billion (NCFC) - phrankin, Jun 30, 09:36:33
    - And intends to get out in the next couple of years (NCFC) - Jim, Jun 30, 09:37:55
- This lays to rest all that 'who buys a championship club' CRAP previously spouted (n/m) (NCFC) - phrankin, Jun 30, 09:31:20
- Neither would be my guess (NCFC) - Mr Creosote, Jun 30, 09:24:52
  - and is he suggesting it should be enough to make him majority shareholder? (NCFC) - Tricky Hawes, Jun 30, 09:31:53
    - Off the top of my head the answer is it's not outlandish (NCFC) - Mr Creosote, Jun 30, 09:37:37
      - He appears to me to be saying the ?20m is for players (NCFC) - Jim, Jun 30, 09:41:16
        
        Well yes (NCFC) - Mr Creosote, Jun 30, 09:47:11
        
        The two aren't separate like that. (NCFC) - Tricky Hawes, Jun 30, 09:45:17
      - ah. Right. (NCFC) - Tricky Hawes, Jun 30, 09:40:59
    - seems strange it took them 6 months to talk.... (NCFC) - phrankin, Jun 30, 09:34:14

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