"?56million to take over" isn't an accurate representation of what the club said though.

Whether it's actually got any basis in reality or not, what they said was that it'd take ?56m to take control of the club and also put ?20m into the playing budget.

The ?56m came from the cost to purchase a controlling share plus the cost of repaying the loans (which have a clause about immediate repayment upon change on control) plus the ?20m the manager was going to get to spend on players.

But then there's a million "Yeah, buts" you can use to chisel off chunks of that ?56m - "Delia always said she'd give her shares away", "Cullum could renegotiate bank loans in his sleep" etc etc

Posted By: Arizona Bay on November 12th 2008 at 12:06:13


Message Thread


Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.

Log in