can't see where investment can come from

unless delia gives up her 11m odd she has put into the club.

The club has more debt than assets, particularly if you consider the main asset, the ground is not sellable or you have no club. The club is making a loss and this will presumably get larger.

If the clubs shares were quoted on an open market they would be a fraction of a penny. yet Delia has paid a considerable amount for them, some of the loan to equity deals valued the shares between 20 and 30 pounds each.

So any serious investor will be like Cullum and not be prepared to pay for them.

Posted By: Firstnews, May 12, 14:31:32