The ground is the only thing he'll get any money back on. The shares aren't worth the £30 odd million reported on the balance sheet. That's what they cost, not their worth in the market.
Buying shares in a company which is known to be losing a substantial amount every year is akin to a charitable donation.
It is stretching a definition to call it an investment.
The club is worth less than nothing , so the half which the Prince wants to buy should cost fuck all.
In fact Kevin should pay the Prince to take it off his hands.
Even Kevin CANNOT expect any real money for the Club.
The only thing with any real value is the freehold , with or without the stands & pitch.
The Prince has two choices - buy the ground or rent it off Kevin.
Surely it can't be so difficult ?
If the Prince wants to buy the club , he is effectively signing himself up to funding £multimillion annual loss.
There are only 2 reasons he would do this :
1. The bonanza of getting to the Prem IF he can risk funding a proper promotion drive ; or
2. (Depending on how cheaply he can buy the freehold) knocking down the ground to build on it and moving or winding up the Club.
As lawyer , i just do not see a solution to Kevin's 2 conflicting objectives namely :
A) being 70 , with sons who aren't interested in giving £10m PA to keep the club alive , selling it for real money (which means selling the freehold) ; AND
B) ensuring it stays alive if he sells the freehold.
The word freehold means what it says - the owner is FREE to do whatever he wants , including dismantle the football club + build flats on its ground.
The only way you & I could prevent this is for 25,000 of us to fund £10m pa of losses.
That's £400pa for every man woman & child who attend the Lane ON TOP OF YOUR TICKET MONEY.
Think about that , fellow Blades.
No wonder it's bloody stuck at the moment !
