(1) is only correct until the cash is converted

Given Norwich isn’t going to sit with the cash just sitting in the bank I can’t see how a 50% holding in NCFC today is worth the same (as a ‘realisable’ asset) as a 33% holding in NCFC tomorrow.

The gamble has to be that 50% of a debt crippled championship club whose future is very bleak without promotion is worth far less than 33% of a club that Attanasio has funded to the EPL.

Posted By: CWC, Jan 28, 12:08:14