Minimum?

In the case of someone seeking to take control of the club and at the same time invest ?20 million in the playing squad this would take a minimum of ?56 million made up as follows:

Investment in playing squad ?20 million
Purchase of shares based on current share issue price of ?30 per share ?16 million*
Repayment of bank debt that would be triggered by a change of control ?16 million
Repayment of directors' loans ?4 million
TOTAL ?56 million

So which of those figures could rise to oncrease that minimum figure?
Well the ?20 million is fixed.
The bank debt falls each year.
So - are the Directors' loans going to increase?
Or is the ?30 per share to increase - as it was increased last October - apparently just a few days before Cullum made contact with Doncaster.

Posted By: Mr Creosote, Jun 30, 23:27:09