No, of course it isn't

You can buy existing shares, make loans or donations and probably hundreds of other clever ways that accountants dream up. All have different implications though.

You wrote "for f**k all". Clearly new equity is not "f**k all" and I suspect that's why D & M rejected it as then there would need to be a proper valuation of the club to determine how much equity 20m was worth and diluting the value of the shares they hold.

Posted By: BerlinCanary on November 13th 2008 at 09:38:55

Message Thread

Cullum speaks (NCFC) - lovely old job, Nov 13, 08:38:07
- it's win win for everybody (NCFC) - bjg123, Nov 13, 10:18:36
  - it won't be a company with ?20m in the bank though (NCFC) - mr carra, Nov 13, 10:34:59
    - unless ?16m of it was spent on the repayment of the bank debt (NCFC) - blindasabat, Nov 13, 10:46:02
      - in which case there's nowt extra for players (NCFC) - mr carra, Nov 13, 11:11:14
        
        because a change of person at the top might be a good thing? (NCFC) - blindasabat, Nov 13, 11:18:28
  - You're forgetting the club's assets (NCFC) - BerlinCanary, Nov 13, 10:32:02
- very clever public speaking by the club then... (NCFC) - Tony Martin, Nov 13, 09:38:51
  - which to my mind was what was meant by a propositon rather than an offer (NCFC) - blindasabat, Nov 13, 09:58:49
- Amazing. When exactly are we going to get a better deal? (n/m) (NCFC) - Steve, Nov 13, 09:28:40
  - half eight (n/m) (NCFC) - malkybarkid, Nov 13, 10:10:03
  - Well, that's the question isn't it? (NCFC) - BerlinCanary, Nov 13, 09:51:00
- I had a feeling this was coming. The statement ' HE NEVER MADE AN OFFER ' BS. (n/m) (NCFC) - songwriter81, Nov 13, 09:23:06
- SO basically he offered them 20m, for fuck all, to buy some players with (NCFC) - DiscoDaleGordon, Nov 13, 08:52:07
  - No (NCFC) - BerlinCanary, Nov 13, 09:01:22
    - That's the clincher IMO, Cullum WOULD have been majority share holder (NCFC) - harry boulders, Nov 13, 09:47:47
      - its not about being 'knocked off her perch' (NCFC) - mr carra, Nov 13, 10:38:38
    - Which is the way any new investment would be made isnt it? (NCFC) - DiscoDaleGordon, Nov 13, 09:13:57
      - No, of course it isn't (NCFC) - BerlinCanary, Nov 13, 09:38:55
        
        Still seems strange to me, we are practically begging for investment (NCFC) - DiscoDaleGordon, Nov 13, 09:51:46
        
        Can't understand it.. unless it is that Delia has to be No 1 .. (NCFC) - colincanary, Nov 13, 10:07:00
        
        if that was what she wanted then it strikes me as being better to follow up this propositi (NCFC) - blindasabat, Nov 13, 10:12:47
        
        who knows ? This one will run and run... (n/m) (NCFC) - colincanary, Nov 13, 10:14:32
        
        Matthew Gibson? (NCFC) - blindasabat, Nov 13, 10:17:56
        
        Quite (NCFC) - BerlinCanary, Nov 13, 09:58:20
        
        I just dont think they really want to sell (n/m) (NCFC) - DiscoDaleGordon, Nov 13, 10:05:52
        
        think that's EXACTLY wrong (NCFC) - mr carra, Nov 13, 10:40:44
        
        No he doesn't (NCFC) - BerlinCanary, Nov 13, 10:47:00
- If Cullum's money isn't good enough then they can't expect us to "donate" for transfers (n/m) (NCFC) - Ben, Nov 13, 08:44:14
  - I dont understand how a deal could not be reached.... (NCFC) - Superstar D J, Nov 13, 08:52:32
    - I struggle to understand too (NCFC) - BerlinCanary, Nov 13, 09:04:55
      - well the board have said all along that no one has made an offer to buy the club (NCFC) - lovely old job, Nov 13, 09:08:21
        
        I guess you're right and it's not very helpful of them (NCFC) - BerlinCanary, Nov 13, 09:44:29
        
        I can see both sides but Delia stating that she needs to work hard at the age of 67 just (NCFC) - lovely old job, Nov 13, 09:53:00
        
        Money though... (NCFC) - BerlinCanary, Nov 13, 10:01:37
        
        They've been disingenuous at best by the sounds of it. (n/m) (NCFC) - yarmyyarmy, Nov 13, 09:46:32

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