I think residential property was holding up in October, however commercial property values had been sliding since well before then.
I paid ?25 for mine in 2002. At which time the assets were worth less - but the club's debt position was substantially better, and our footballing prospects were hugely better. But since there is no market in the shares who knows where the true value lies.
BUT having stayed at the same price for over 5 years the price, and therefore the amount payable to Smith/Jones rose by 20% just a few days before Cullum made contact at Clarke's behest.
Posted By: Mr Creosote, Jun 30, 23:52:22
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