This is bollox v bollox

Whilst I am with the club on the Peter Cullum tosh the clubs statement is equally misleading:

Of the ?56m ?20m is "if you wish to invest ?20m in players"

?16m is a secured loan that would need to be renegotiated - the assets it is secured on are still there.

?16m is for a takeover - I'm not sure on this but if Delia/MWJ sell their 60% in a single tranche the takeover rules may not be triggered. Therefore to gain control it would take less than this.

?4m for Directors loans - in the 2007 report this was only ?2,180,000! - the asset base would enable this to be achieved.

Still a sizeable chunk of change but thats what Mergers and Acquisitions specialists are there for.

Posted By: biffbro, Jun 30, 19:39:22