but that is as much tosh as the rest.

All the club are saying is that if you want to be the majority shareholder and put ?20m in for players you need to be able to raise ?56m.

This is not the Majority shareholders saying we will only sell for X but the club as a company saying this is what it will cost.

Yes a M&A team can get the cost to you down to something like ?13-?15m (plus your ?20m for players which is your selling point) - and for that the existing ?16m debt millstone which is what all the jonah's are complaining about will still be in place - probably at a higher interest rate because of the credit crunch.

Even if Delia and MWJ sell at ?30 per share their income will just about equate to the cost of their investment - they do not receive any payments as directors or employees so their time and energies over the past ten years will be for no physical return. Peter Cullum would want "his people" to be paid for the work that they do...

Posted By: biffbro, Jul 1, 06:28:40