But then

is there a way that Cullum can get the club to spend the ?20 million so that he gets it back and his indeed got the club "for free" - I can't think of one but I'm willing to be educated.

And as far as Delia is concerned - loss of control and no money back has been something that she has time and again been happy about it. And I'm still not convinced that promotion wouldn't increase the value of their shares more than the loss of control would diminish them.

In fact what is their value? Their value is set at ?30 each because that's what was decided at the AGM - but in actuality despite looking for new investors for 10 years it doesn't appear that anyone - including Cullum - has ever actually shown any interest in buying them. So might they be worth not a lot?

Posted By: Mr Creosote, Jul 13, 13:14:33