Missing the Cullum point

Waghorn especially:

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No one, not even Cullum, has asked for Delia/the Turners to give up all of the money she has invested into the club. If they have loaned money then they can have it back at some point.

The issue is the value of the shares. None of the fans bought them as an investment and given our current performance and situation they are certainly almost worthless, for the board to increase the value of them last November when we were bottom was ludicrous.

People say it is unreasonable for Delia to lose out on what she paid for the shares but for them to be worth the same or more then the club would have to be in a markedly better situation, it is not.

Final point to my rant, I may be wrong but I'm pretty sure that the Turners were effectively given their shares for free in exchange for investing a ?2m interest-free loan. Is this not exactly what Cullum proposed but on a larger scale?

Posted By: Kangol Canary on September 4th 2008 at 13:01:36

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