doesn't the £25 per share come from the value agreed by Foulger?

The argument about whether it's good for the club is somewhat philosophical however it's presented.

It'd be interesting to know what the 'true' value of the club's assets vs it's liabilities are - the liabilities (wages) are gonna be huge, and so the 'real' value of the club, is, I suspect quite a lot lower than the figures we usually see bandied about. Those are usually dependent on what potential value a buyer sees in terms of what they can make from the club. I suspect the 'value' of the club would be more if the current owners cared less about who the new owners would be.

My sense is that what it all amounts to is we're effectively transferring our liabilities onto broader shoulders.

Posted By: Cardiff Canary, Sep 4, 12:20:21