This is bollox v bollox

Whilst I am with the club on the Peter Cullum tosh the clubs statement is equally misleading:

Of the ?56m ?20m is "if you wish to invest ?20m in players"

?16m is a secured loan that would need to be renegotiated - the assets it is secured on are still there.

?16m is for a takeover - I'm not sure on this but if Delia/MWJ sell their 60% in a single tranche the takeover rules may not be triggered. Therefore to gain control it would take less than this.

?4m for Directors loans - in the 2007 report this was only ?2,180,000! - the asset base would enable this to be achieved.

Still a sizeable chunk of change but thats what Mergers and Acquisitions specialists are there for.

Posted By: biffbro on June 30th 2008 at 19:39:22

Message Thread

Official statement: Club for sale for ?56mil (NCFC) - LincolnshireCanary, Jun 30, 19:15:53
- End of Story (NCFC) - Wraith, Jun 30, 19:26:33
  - This is bollox v bollox (NCFC) - biffbro, Jun 30, 19:39:22
    - ?4 million in Directors' loans (NCFC) - Mr Creosote, Jun 30, 19:53:12
    - Who wants to invest ?20 million in players (NCFC) - Mr Creosote, Jun 30, 19:49:06
      - I find it hard to think like that really, Delia was there when we were on our arse (NCFC) - pants, Jun 30, 19:58:55
        
        There has been considerable re-writing of history IMO (NCFC) - Mr Creosote, Jun 30, 20:09:42
- That's more like it!!!! (NCFC) - pants, Jun 30, 19:19:05
  - ?30 a share???? (NCFC) - Surrey Yella, Jun 30, 19:23:02
    - You sound suprised by that price? (n/m) (NCFC) - trueyellow, Jun 30, 19:34:20

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