Minimum?
In the case of someone seeking to take control of the club and at the same time invest ?20 million in the playing squad this would take a minimum of ?56 million made up as follows:
Investment in playing squad ?20 million
Purchase of shares based on current share issue price of ?30 per share ?16 million*
Repayment of bank debt that would be triggered by a change of control ?16 million
Repayment of directors' loans ?4 million
TOTAL ?56 million
So which of those figures could rise to oncrease that minimum figure?
Well the ?20 million is fixed.
The bank debt falls each year.
So - are the Directors' loans going to increase?
Or is the ?30 per share to increase - as it was increased last October - apparently just a few days before Cullum made contact with Doncaster.
Posted By: Mr Creosote on June 30th 2008 at 23:27:09
Message Thread
- Minimum? (NCFC) - Mr Creosote, Jun 30, 23:27:09
- The club say Minimum because the price of shares tend to rise in a takeover battle (NCFC) - biffbro, Jul 1, 06:47:21
- that assumes loans have to be repaid now? (NCFC) - phrankin, Jun 30, 23:58:40
- The debt is structured like a mortgage (NCFC) - Mr Creosote, Jun 30, 23:59:59
- yep but not 20 million at once. (NCFC) - phrankin, Jul 1, 00:04:43
- Yes I know (NCFC) - Mr Creosote, Jul 1, 00:06:32
- all I know is that with Delia we are going nowhere (NCFC) - phrankin, Jul 1, 00:11:53
- Going nowhere (NCFC) - Mr Creosote, Jul 1, 00:17:08
- all I know is that with Delia we are going nowhere (NCFC) - phrankin, Jul 1, 00:11:53
- Yes I know (NCFC) - Mr Creosote, Jul 1, 00:06:32
- yep but not 20 million at once. (NCFC) - phrankin, Jul 1, 00:04:43
- The debt is structured like a mortgage (NCFC) - Mr Creosote, Jun 30, 23:59:59
- all seems a bit blunt really (NCFC) - Tomblander, Jun 30, 23:31:01
- 'apparently' or looked at the dates and had a guess that it might have been? (n/m) (NCFC) - megson, Jun 30, 23:29:49
- The dates (NCFC) - Mr Creosote, Jun 30, 23:38:59
- Hmm that is interesting, however had the share value been raised before? (NCFC) - megson, Jun 30, 23:40:58
- Property prices (NCFC) - Mr Creosote, Jun 30, 23:52:22
- all very nice but unfortunatly it shows why noone has invested in us (NCFC) - phrankin, Jul 1, 00:00:42
- Property prices (NCFC) - Mr Creosote, Jun 30, 23:52:22
- Hmm that is interesting, however had the share value been raised before? (NCFC) - megson, Jun 30, 23:40:58
- The dates (NCFC) - Mr Creosote, Jun 30, 23:38:59
- Lifted from the Pink'Un... (NCFC) - Dog, Jun 30, 23:29:49
- have you ever met an accountant? (NCFC) - Tomblander, Jun 30, 23:32:32
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