Asset Stripping -They need To Go

[Sean Thornton]

I know it wasn't the end of his investment... hence calling out the £40m..? Which ties into the increase in share capital you mentioned.

But we don't know how much of the 40m was equity or repayble loans or what securities were taken out on these against the clubs assets.

(and Ive said 50m just for ease no need to nitpick )

We do know. It’s in the accounts. The increase over both companies over the period of his involvement was much more than £40m less McCabe input obviously. We don’t know what happened re the £20m loan he put in, in iirc, 2023/4 days t how it was dealt with. Well, l don’t!

It’s not nit picking to suggest your profit estimate was way out.

Edit

At the end of the day though, doing this again isn’t going to provide us with any answers to the crisis at the FC as things stand. Whatever his profit.

 

[Loco Blade]

Car park, shoes>off

Yes but must be dry day hate damp socks me

 

[Greasy Chap Butty]

Asset stripping is when you buy a business and sell off all the assets for more than the business cost.
We don't have £100m or even £65m of assets. They don't have football brains, but also they aren't stupid, and they can add up.

 

[Iffy Onuora's Shiny Head]

We do know. It’s in the accounts. The increase over both companies over the period of his involvement was much more than £40m less McCabe input obviously. We don’t know what happened re the £20m loan he put in, in iirc, 2023/4 days t how it was dealt with. Well, l don’t!

It’s not nit picking to suggest your profit estimate was way out.

Edit

At the end of the day though, doing this again isn’t going to provide us with any answers to the crisis at the FC as things stand. Whatever his profit.

Agreed on the last point - at least in the Prince's days we had relative onfield success and whether I agree with what happened you can see rationale behind decisions.

The current ownership is as what you correctly say, is looking to be heading towards a major crisis.

 

[Edgar Allan Poo]

Looks like the new toilets in the South Stand will be going back

Then we really wouldn't have a pot to piss in.