Cullum offer isn't worth the paper it's written on...

[CaptnCanary 0]

[quote user="Match Day Pie"][quote user="CaptnCanary"][quote user="Match Day Pie"][quote user="CaptnCanary"]

[quote user="Match Day Pie"]It''s difficult to understand why so many people here think Delia is horrible old whatever for being reluctant to release her ''stranglehold'' on the club. Common sense in ANY business would suggest you need some kind of pay back for the time and money you''ve invested into the business. If Delia is to sell, isn''t it fair that she should not do so to a paltry offer like £20m? She has saved this club from extinction and is keeping it afloat. Cullum''s offer is not good enough - if he wants to be in charge, he should buy the club outright. All or nothing - as any investor should be. Those of you that think we should bite Cullum''s hand off have contradicted yourselves horribly by accepting the first wad of cash that comes our way. You are selling your club short for the promise of a bit of bling. £20m is all very well in the short term, but will go nowhere if there is not long term investment. £20m is nothing in today''s game and will only allow us to compete in the transfer market for overpriced players. £20m is no guarantee that we can compete on the field - look at Leicester. Our club is worth at least the £56m the board have announced, and anything less is an insult.[/quote]

This post really makes you sound thick. The £56m figure is pure spin. The figure to buy the club as quoted is £16m for the shares and thats it. The £20m of debt can be renewed with the current lenders or refinanced with new lenders so thats not an issue. The £20m for players is what Cullum said he would like to put into new players but once he has bought the club he can put whatever he likes into the team. So its £16m to buy the shares and whatever he wants after that. £56m is just a pie in the sky figure invented by the club to fool anyone who doesnt think it through.

[/quote]

Thnaks for your kind words, fellow supporter.

The board released a statement saying how much it would cost to buy the club. It laid it out in black and white. That is not spin, it''s fact. Learn the difference between what is printed in a worded statement and what your opinion is. Then get back to us.

[/quote]

Oh so everything ever printed in the gospel truth and does not need thinking about further eh?

Cant you see for yourself that the club share value is just £16m? The existing debt would not have to be repaid but would be transferred to the new owner or refinanced by a man who has much experience and a pretty good credit rating. And he can put whatever he likes into the playing staff. So the club is worth £16m max. What bit of that dont you understand?

[/quote]

 

It doesn''t matter what you or anyone thinks the valuation is - the simple fact is that the club have said they want a minimum of £56m to sell. They are the sellers, they name the price. What''s so hard to understand about that? It''s not ''spin''. It''s an asking price.

Whatever you think of the board, and whether it will ever happen, it seems a pretty sensible ask to me - clear our (relatively small) debts and put money into the playing staff. Isn''t that what we all want? How could you not?

[/quote]

You still dont get it do you. They havent even said that £56m is an asking price. They have just said that it would cost £56m to buy the club and put £20m into playing staff. But the have failed to admit that the £20m debt could be financed and that £20m investment in the team is not a requirement of selling. Cullum could actually buy the club for £16m and put £4m into the squad, refinance the debt and its all within his budget. If you insist the club is worth £56m please explain where my sums are wrong....

[CaptnCanary 0]

[quote user="Citizen Journalist Foghorn"][quote user="Match Day Pie"][quote user="CaptnCanary"]

[quote user="Match Day Pie"]It''s difficult to understand why so many people here think Delia is horrible old whatever for being reluctant to release her ''stranglehold'' on the club. Common sense in ANY business would suggest you need some kind of pay back for the time and money you''ve invested into the business. If Delia is to sell, isn''t it fair that she should not do so to a paltry offer like £20m? She has saved this club from extinction and is keeping it afloat. Cullum''s offer is not good enough - if he wants to be in charge, he should buy the club outright. All or nothing - as any investor should be. Those of you that think we should bite Cullum''s hand off have contradicted yourselves horribly by accepting the first wad of cash that comes our way. You are selling your club short for the promise of a bit of bling. £20m is all very well in the short term, but will go nowhere if there is not long term investment. £20m is nothing in today''s game and will only allow us to compete in the transfer market for overpriced players. £20m is no guarantee that we can compete on the field - look at Leicester. Our club is worth at least the £56m the board have announced, and anything less is an insult.[/quote]

This post really makes you sound thick. The £56m figure is pure spin. The figure to buy the club as quoted is £16m for the shares and thats it. The £20m of debt can be renewed with the current lenders or refinanced with new lenders so thats not an issue. The £20m for players is what Cullum said he would like to put into new players but once he has bought the club he can put whatever he likes into the team. So its £16m to buy the shares and whatever he wants after that. £56m is just a pie in the sky figure invented by the club to fool anyone who doesnt think it through.

[/quote]

Thnaks for your kind words, fellow supporter.

The board released a statement saying how much it would cost to buy the club. It laid it out in black and white. That is not spin, it''s fact. Learn the difference between what is printed in a worded statement and what your opinion is. Then get back to us.

[/quote]
But it isnt ''fact''  the club is valued at 16 million.  Refinancing the debt 20 million and 20 million on players.  Cullum will already have the last 40 million sorted out, that is 20 million + a 20 million loan the club owe exactly the same as is now. 

It is the 16 million value of the club shares that is the sticking point I would think.
[/quote]

Exactly right CJF. In fact I have just emailed Neil Doncaster to see if I can get him to admit to this. Will let you know if I get a reply.

[Match Day Pie 0]

[quote user="CaptnCanary"][quote user="Match Day Pie"][quote user="CaptnCanary"][quote user="Match Day Pie"][quote user="CaptnCanary"]

[quote user="Match Day Pie"]It''s difficult to understand why so many people here think Delia is horrible old whatever for being reluctant to release her ''stranglehold'' on the club. Common sense in ANY business would suggest you need some kind of pay back for the time and money you''ve invested into the business. If Delia is to sell, isn''t it fair that she should not do so to a paltry offer like £20m? She has saved this club from extinction and is keeping it afloat. Cullum''s offer is not good enough - if he wants to be in charge, he should buy the club outright. All or nothing - as any investor should be. Those of you that think we should bite Cullum''s hand off have contradicted yourselves horribly by accepting the first wad of cash that comes our way. You are selling your club short for the promise of a bit of bling. £20m is all very well in the short term, but will go nowhere if there is not long term investment. £20m is nothing in today''s game and will only allow us to compete in the transfer market for overpriced players. £20m is no guarantee that we can compete on the field - look at Leicester. Our club is worth at least the £56m the board have announced, and anything less is an insult.[/quote]

This post really makes you sound thick. The £56m figure is pure spin. The figure to buy the club as quoted is £16m for the shares and thats it. The £20m of debt can be renewed with the current lenders or refinanced with new lenders so thats not an issue. The £20m for players is what Cullum said he would like to put into new players but once he has bought the club he can put whatever he likes into the team. So its £16m to buy the shares and whatever he wants after that. £56m is just a pie in the sky figure invented by the club to fool anyone who doesnt think it through.

[/quote]

Thnaks for your kind words, fellow supporter.

The board released a statement saying how much it would cost to buy the club. It laid it out in black and white. That is not spin, it''s fact. Learn the difference between what is printed in a worded statement and what your opinion is. Then get back to us.

[/quote]

Oh so everything ever printed in the gospel truth and does not need thinking about further eh?

Cant you see for yourself that the club share value is just £16m? The existing debt would not have to be repaid but would be transferred to the new owner or refinanced by a man who has much experience and a pretty good credit rating. And he can put whatever he likes into the playing staff. So the club is worth £16m max. What bit of that dont you understand?

[/quote]

 

It doesn''t matter what you or anyone thinks the valuation is - the simple fact is that the club have said they want a minimum of £56m to sell. They are the sellers, they name the price. What''s so hard to understand about that? It''s not ''spin''. It''s an asking price.

Whatever you think of the board, and whether it will ever happen, it seems a pretty sensible ask to me - clear our (relatively small) debts and put money into the playing staff. Isn''t that what we all want? How could you not?

[/quote]

You still dont get it do you. They havent even said that £56m is an asking price. They have just said that it would cost £56m to buy the club and put £20m into playing staff. But the have failed to admit that the £20m debt could be financed and that £20m investment in the team is not a requirement of selling. Cullum could actually buy the club for £16m and put £4m into the squad, refinance the debt and its all within his budget. If you insist the club is worth £56m please explain where my sums are wrong....

[/quote]

Dear God! I said it doesn''t matter what we think the value is, it''s the seller''s right to name a price. It doesn''t matter how Cullum could do it, or anyone else for that matter - if the club want £56m, that''s what they''ll ask for.

You''re saying I don''t get it, but if you say, ''they haven''t even said £56m is an asking price'', then why do you say ''they''ve just said it would cost £56m to buy the club''? Is that not an asking price?

 

 

[canary cherub 1]

[quote user="Match Day Pie"]

It doesn''t matter what you or anyone thinks the valuation is - the simple fact is that the club have said they want a minimum of £56m to sell. They are the sellers, they name the price. What''s so hard to understand about that? It''s not ''spin''. It''s an asking price.

[/quote]

The important issue is whether it''s a negotiating price or a fixed price.  

The use of the word "minimum" makes it sound worryingly like "take it or leave it" but is it really?  If it is, then it shows the board aren''t really interested in selling the club to Mr Cullum, because they''ve named a non-negotiable price that they are pretty sure he will not be willing to pay. 

 

[CaptnCanary 0]

[quote user="Match Day Pie"][quote user="CaptnCanary"][quote user="Match Day Pie"][quote user="CaptnCanary"][quote user="Match Day Pie"][quote user="CaptnCanary"]

[quote user="Match Day Pie"]It''s difficult to understand why so many people here think Delia is horrible old whatever for being reluctant to release her ''stranglehold'' on the club. Common sense in ANY business would suggest you need some kind of pay back for the time and money you''ve invested into the business. If Delia is to sell, isn''t it fair that she should not do so to a paltry offer like £20m? She has saved this club from extinction and is keeping it afloat. Cullum''s offer is not good enough - if he wants to be in charge, he should buy the club outright. All or nothing - as any investor should be. Those of you that think we should bite Cullum''s hand off have contradicted yourselves horribly by accepting the first wad of cash that comes our way. You are selling your club short for the promise of a bit of bling. £20m is all very well in the short term, but will go nowhere if there is not long term investment. £20m is nothing in today''s game and will only allow us to compete in the transfer market for overpriced players. £20m is no guarantee that we can compete on the field - look at Leicester. Our club is worth at least the £56m the board have announced, and anything less is an insult.[/quote]

This post really makes you sound thick. The £56m figure is pure spin. The figure to buy the club as quoted is £16m for the shares and thats it. The £20m of debt can be renewed with the current lenders or refinanced with new lenders so thats not an issue. The £20m for players is what Cullum said he would like to put into new players but once he has bought the club he can put whatever he likes into the team. So its £16m to buy the shares and whatever he wants after that. £56m is just a pie in the sky figure invented by the club to fool anyone who doesnt think it through.

[/quote]

Thnaks for your kind words, fellow supporter.

The board released a statement saying how much it would cost to buy the club. It laid it out in black and white. That is not spin, it''s fact. Learn the difference between what is printed in a worded statement and what your opinion is. Then get back to us.

[/quote]

Oh so everything ever printed in the gospel truth and does not need thinking about further eh?

Cant you see for yourself that the club share value is just £16m? The existing debt would not have to be repaid but would be transferred to the new owner or refinanced by a man who has much experience and a pretty good credit rating. And he can put whatever he likes into the playing staff. So the club is worth £16m max. What bit of that dont you understand?

[/quote]

 

It doesn''t matter what you or anyone thinks the valuation is - the simple fact is that the club have said they want a minimum of £56m to sell. They are the sellers, they name the price. What''s so hard to understand about that? It''s not ''spin''. It''s an asking price.

Whatever you think of the board, and whether it will ever happen, it seems a pretty sensible ask to me - clear our (relatively small) debts and put money into the playing staff. Isn''t that what we all want? How could you not?

[/quote]

You still dont get it do you. They havent even said that £56m is an asking price. They have just said that it would cost £56m to buy the club and put £20m into playing staff. But the have failed to admit that the £20m debt could be financed and that £20m investment in the team is not a requirement of selling. Cullum could actually buy the club for £16m and put £4m into the squad, refinance the debt and its all within his budget. If you insist the club is worth £56m please explain where my sums are wrong....

[/quote]

Dear God! I said it doesn''t matter what we think the value is, it''s the seller''s right to name a price. It doesn''t matter how Cullum could do it, or anyone else for that matter - if the club want £56m, that''s what they''ll ask for.

You''re saying I don''t get it, but if you say, ''they haven''t even said £56m is an asking price'', then why do you say ''they''ve just said it would cost £56m to buy the club''? Is that not an asking price?

 

 

[/quote]

See what I mean - THICK. You only quoted half of my sentence and then use that as your argument.

[Match Day Pie 0]

[quote user="CaptnCanary"][quote user="Match Day Pie"][quote user="CaptnCanary"][quote user="Match Day Pie"][quote user="CaptnCanary"][quote user="Match Day Pie"][quote user="CaptnCanary"]

[quote user="Match Day Pie"]It''s difficult to understand why so many people here think Delia is horrible old whatever for being reluctant to release her ''stranglehold'' on the club. Common sense in ANY business would suggest you need some kind of pay back for the time and money you''ve invested into the business. If Delia is to sell, isn''t it fair that she should not do so to a paltry offer like £20m? She has saved this club from extinction and is keeping it afloat. Cullum''s offer is not good enough - if he wants to be in charge, he should buy the club outright. All or nothing - as any investor should be. Those of you that think we should bite Cullum''s hand off have contradicted yourselves horribly by accepting the first wad of cash that comes our way. You are selling your club short for the promise of a bit of bling. £20m is all very well in the short term, but will go nowhere if there is not long term investment. £20m is nothing in today''s game and will only allow us to compete in the transfer market for overpriced players. £20m is no guarantee that we can compete on the field - look at Leicester. Our club is worth at least the £56m the board have announced, and anything less is an insult.[/quote]

This post really makes you sound thick. The £56m figure is pure spin. The figure to buy the club as quoted is £16m for the shares and thats it. The £20m of debt can be renewed with the current lenders or refinanced with new lenders so thats not an issue. The £20m for players is what Cullum said he would like to put into new players but once he has bought the club he can put whatever he likes into the team. So its £16m to buy the shares and whatever he wants after that. £56m is just a pie in the sky figure invented by the club to fool anyone who doesnt think it through.

[/quote]

Thnaks for your kind words, fellow supporter.

The board released a statement saying how much it would cost to buy the club. It laid it out in black and white. That is not spin, it''s fact. Learn the difference between what is printed in a worded statement and what your opinion is. Then get back to us.

[/quote]

Oh so everything ever printed in the gospel truth and does not need thinking about further eh?

Cant you see for yourself that the club share value is just £16m? The existing debt would not have to be repaid but would be transferred to the new owner or refinanced by a man who has much experience and a pretty good credit rating. And he can put whatever he likes into the playing staff. So the club is worth £16m max. What bit of that dont you understand?

[/quote]

 

It doesn''t matter what you or anyone thinks the valuation is - the simple fact is that the club have said they want a minimum of £56m to sell. They are the sellers, they name the price. What''s so hard to understand about that? It''s not ''spin''. It''s an asking price.

Whatever you think of the board, and whether it will ever happen, it seems a pretty sensible ask to me - clear our (relatively small) debts and put money into the playing staff. Isn''t that what we all want? How could you not?

[/quote]

You still dont get it do you. They havent even said that £56m is an asking price. They have just said that it would cost £56m to buy the club and put £20m into playing staff. But the have failed to admit that the £20m debt could be financed and that £20m investment in the team is not a requirement of selling. Cullum could actually buy the club for £16m and put £4m into the squad, refinance the debt and its all within his budget. If you insist the club is worth £56m please explain where my sums are wrong....

[/quote]

Dear God! I said it doesn''t matter what we think the value is, it''s the seller''s right to name a price. It doesn''t matter how Cullum could do it, or anyone else for that matter - if the club want £56m, that''s what they''ll ask for.

You''re saying I don''t get it, but if you say, ''they haven''t even said £56m is an asking price'', then why do you say ''they''ve just said it would cost £56m to buy the club''? Is that not an asking price?

 

 

[/quote]

See what I mean - THICK. You only quoted half of my sentence and then use that as your argument.

[/quote]

 

I happen to be a Professor of Science so I''m not going to get lectured by a vegetable like you. You clearly have no grasp of how the Engliush language works or, more importantly, what any of it means. Go back to your dung heap.

[Match Day Pie 0]

And yes I did spell English incorrectly!

[Old Boy 0]

[quote user="Fat Prophet"]

[quote user="Old Boy"]It''s not that the offer wasn''t worth the paper it was printed on - it wasn''t even an "offer", in the sense of an offer to buy the Club. It was an opportunist offer of money, in two stages, to buy players, with no extra sum for the shares or provision for loan repayments, and in return for that he expected total control of the Club. It was rejected, understandably, and the ball''s now in PC''s court (and has been since October) - if he''s genuine he''ll come back with a sensible offer. This Archant "bombshell" is another piece of PC opportunism - he''s waited (remember this offer was made 9 months ago) until the eve of pre-season, when we''re desperately trying to get a squad together and focus on the new season, and I don''t think it''s done the Club any good - forget the Board, I''m talking about the Club. Possibly he feels that if he destabilises it further by stirring up discontent among the fans he can get a better deal - who knows? I''m not impressed - if he''d had the best interests of the Club at heart, he''d have done a deal as soon as possible after the end of the season, so GR could look at a bringing in a better standard of player. Put up or shut up, Mr. Cullum.[/quote]

I don''t think that''s the case Old Boy.  He makes it clear that the £20m was just for players.  He then talks about a "friendly arm wrestle over the value of the club".  This could of course mean that he thought it was worth nothing, but I doubt it.  It probably means that he wasn''t prepared to pay as much as the board wanted.  Which is exactly what you would expect in a process of negotiation.  What usually happens is that if both sides are acting in good faith, they eventually agree to meet somewhere in the middle.  But since January nothing further appears to have happened until he decided to go public yesterday. 

At the end of the day, D&M are the owners of the club not Peter Cullum.  The onus was on them to put the best interests of the club first and get the deal done.

 

[/quote]Well, maybe they did talk about further money for full control, Prophet, but we''re entering the realm of speculation there. And it takes two to tango - Delia and MWJ can''t be expected to make present of the fruits of their investment and work (whatever mistakes the Board have made on the footballing side, they''ve taken good care of the infrastructure).In any case, we all know that advertising that you''ve got £20m to blow on signing players is a big mistake - except it wasn''t a mistake because I don''t think PC is worried about the effect of that statement on the Club: I suspect it''s a tactic to stir up the fans in his favour. But let''s say it works, and he gets control before January - can you imagine the overpriced dross that will linked with us then? Every dodgy agent in the country will be leaking stories to the press, and every selling Club will be adding a nought to their player''s valuation.Having said all that, I hope he puts (more of) his money where is mouth is, buys the Club, clears the debt and invests in the team. I just worry about his tactics.

[nutty nigel 7,656]

[quote user="Fat Prophet"]

The important issue is whether it''s a negotiating price or a fixed price.  

The use of the word "minimum" makes it sound worryingly like "take it or leave it" but is it really?  If it is, then it shows the board aren''t really interested in selling the club to Mr Cullum, because they''ve named a non-negotiable price that they are pretty sure he will not be willing to pay. 

 

[/quote]

From my perch up on this fence it appears the only part that could be a negotiating price is the worth of the shares. It seems the personal and secured loans have to be paid on change of ownership although the secured loan could probably be refinanced by the new owners. The 20m for Roeder doesn''t come into it unless it''s a condition of sale. But we don''t even know that an offer has been made. There''s a game being played in front of us and our seats are definitely restricted view.

 

[The Fish Seller 0]

[quote user="Match Day Pie"]I happen to be a Professor of Science[/quote]We''d already worked out it wasn''t Economics or Mathematics.[:)]

[norfolkbroadslim 223]

[quote user="Match Day Pie"][quote user="CaptnCanary"][quote user="Match Day Pie"][quote user="CaptnCanary"][quote user="Match Day Pie"][quote user="CaptnCanary"][quote user="Match Day Pie"][quote user="CaptnCanary"]

[quote user="Match Day Pie"]It''s difficult to understand why so many people here think Delia is horrible old whatever for being reluctant to release her ''stranglehold'' on the club. Common sense in ANY business would suggest you need some kind of pay back for the time and money you''ve invested into the business. If Delia is to sell, isn''t it fair that she should not do so to a paltry offer like £20m? She has saved this club from extinction and is keeping it afloat. Cullum''s offer is not good enough - if he wants to be in charge, he should buy the club outright. All or nothing - as any investor should be. Those of you that think we should bite Cullum''s hand off have contradicted yourselves horribly by accepting the first wad of cash that comes our way. You are selling your club short for the promise of a bit of bling. £20m is all very well in the short term, but will go nowhere if there is not long term investment. £20m is nothing in today''s game and will only allow us to compete in the transfer market for overpriced players. £20m is no guarantee that we can compete on the field - look at Leicester. Our club is worth at least the £56m the board have announced, and anything less is an insult.[/quote]

This post really makes you sound thick. The £56m figure is pure spin. The figure to buy the club as quoted is £16m for the shares and thats it. The £20m of debt can be renewed with the current lenders or refinanced with new lenders so thats not an issue. The £20m for players is what Cullum said he would like to put into new players but once he has bought the club he can put whatever he likes into the team. So its £16m to buy the shares and whatever he wants after that. £56m is just a pie in the sky figure invented by the club to fool anyone who doesnt think it through.

[/quote]

Thnaks for your kind words, fellow supporter.

The board released a statement saying how much it would cost to buy the club. It laid it out in black and white. That is not spin, it''s fact. Learn the difference between what is printed in a worded statement and what your opinion is. Then get back to us.

[/quote]

Oh so everything ever printed in the gospel truth and does not need thinking about further eh?

Cant you see for yourself that the club share value is just £16m? The existing debt would not have to be repaid but would be transferred to the new owner or refinanced by a man who has much experience and a pretty good credit rating. And he can put whatever he likes into the playing staff. So the club is worth £16m max. What bit of that dont you understand?

[/quote]

 

It doesn''t matter what you or anyone thinks the valuation is - the simple fact is that the club have said they want a minimum of £56m to sell. They are the sellers, they name the price. What''s so hard to understand about that? It''s not ''spin''. It''s an asking price.

Whatever you think of the board, and whether it will ever happen, it seems a pretty sensible ask to me - clear our (relatively small) debts and put money into the playing staff. Isn''t that what we all want? How could you not?

[/quote]

You still dont get it do you. They havent even said that £56m is an asking price. They have just said that it would cost £56m to buy the club and put £20m into playing staff. But the have failed to admit that the £20m debt could be financed and that £20m investment in the team is not a requirement of selling. Cullum could actually buy the club for £16m and put £4m into the squad, refinance the debt and its all within his budget. If you insist the club is worth £56m please explain where my sums are wrong....

[/quote]

Dear God! I said it doesn''t matter what we think the value is, it''s the seller''s right to name a price. It doesn''t matter how Cullum could do it, or anyone else for that matter - if the club want £56m, that''s what they''ll ask for.

You''re saying I don''t get it, but if you say, ''they haven''t even said £56m is an asking price'', then why do you say ''they''ve just said it would cost £56m to buy the club''? Is that not an asking price?

 

 

[/quote]

See what I mean - THICK. You only quoted half of my sentence and then use that as your argument.

[/quote]

 

I happen to be a Professor of Science so I''m not going to get lectured by a vegetable like you. You clearly have no grasp of how the Engliush language works or, more importantly, what any of it means. Go back to your dung heap.

[/quote]

CaptnCanary head against wall?

Proffessor of Science ROFL

[CaptnCanary 0]

[quote user="Worst Wizard"][quote user="Match Day Pie"]I happen to be a Professor of Science[/quote]
We''d already worked out it wasn''t Economics or Mathematics.[:)]
[/quote]

Hahaha. Brilliant. I think you can add English to that list too seeing as he doesnt understand grammar and that a sentence has to be read in full to be understood as its meant.

[Match Day Pie 0]

[quote user="Old Boy"][quote user="Fat Prophet"]

[quote user="Old Boy"]It''s not that the offer wasn''t worth the paper it was printed on - it wasn''t even an "offer", in the sense of an offer to buy the Club. It was an opportunist offer of money, in two stages, to buy players, with no extra sum for the shares or provision for loan repayments, and in return for that he expected total control of the Club. It was rejected, understandably, and the ball''s now in PC''s court (and has been since October) - if he''s genuine he''ll come back with a sensible offer. This Archant "bombshell" is another piece of PC opportunism - he''s waited (remember this offer was made 9 months ago) until the eve of pre-season, when we''re desperately trying to get a squad together and focus on the new season, and I don''t think it''s done the Club any good - forget the Board, I''m talking about the Club. Possibly he feels that if he destabilises it further by stirring up discontent among the fans he can get a better deal - who knows? I''m not impressed - if he''d had the best interests of the Club at heart, he''d have done a deal as soon as possible after the end of the season, so GR could look at a bringing in a better standard of player. Put up or shut up, Mr. Cullum.
[/quote]

I don''t think that''s the case Old Boy.  He makes it clear that the £20m was just for players.  He then talks about a "friendly arm wrestle over the value of the club".  This could of course mean that he thought it was worth nothing, but I doubt it.  It probably means that he wasn''t prepared to pay as much as the board wanted.  Which is exactly what you would expect in a process of negotiation.  What usually happens is that if both sides are acting in good faith, they eventually agree to meet somewhere in the middle.  But since January nothing further appears to have happened until he decided to go public yesterday. 

At the end of the day, D&M are the owners of the club not Peter Cullum.  The onus was on them to put the best interests of the club first and get the deal done.

 

[/quote]
Well, maybe they did talk about further money for full control, Prophet, but we''re entering the realm of speculation there. And it takes two to tango - Delia and MWJ can''t be expected to make present of the fruits of their investment and work (whatever mistakes the Board have made on the footballing side, they''ve taken good care of the infrastructure).

In any case, we all know that advertising that you''ve got £20m to blow on signing players is a big mistake - except it wasn''t a mistake because I don''t think PC is worried about the effect of that statement on the Club: I suspect it''s a tactic to stir up the fans in his favour. But let''s say it works, and he gets control before January - can you imagine the overpriced dross that will linked with us then? Every dodgy agent in the country will be leaking stories to the press, and every selling Club will be adding a nought to their player''s valuation.

Having said all that, I hope he puts (more of) his money where is mouth is, buys the Club, clears the debt and invests in the team. I just worry about his tactics.
[/quote]

Many sensible people said a long time ago that investors who were really serious would eventually go to the press to get the fans on their side. This was while the rest were whingeing that there were ''loads of interested parties'' out there. There never has been, and those who had a nibble simply hadn''t got the money or the inclination. Cullum clearly has, and has motives behind going to the press. But he''s the first one who''s serious. For that, we should be pleased, because in the real world there aren''t that many people interested in buying Norwich.

What his real intentions are, remain to be seen. Let''s just hope they''re honourable.

[Yellow Rages 0]

[quote user="CaptnCanary"][quote user="Match Day Pie"][quote user="CaptnCanary"][quote user="Match Day Pie"][quote user="CaptnCanary"]

[quote user="Match Day Pie"]It''s difficult to understand why so many people here think Delia is horrible old whatever for being reluctant to release her ''stranglehold'' on the club. Common sense in ANY business would suggest you need some kind of pay back for the time and money you''ve invested into the business. If Delia is to sell, isn''t it fair that she should not do so to a paltry offer like £20m? She has saved this club from extinction and is keeping it afloat. Cullum''s offer is not good enough - if he wants to be in charge, he should buy the club outright. All or nothing - as any investor should be. Those of you that think we should bite Cullum''s hand off have contradicted yourselves horribly by accepting the first wad of cash that comes our way. You are selling your club short for the promise of a bit of bling. £20m is all very well in the short term, but will go nowhere if there is not long term investment. £20m is nothing in today''s game and will only allow us to compete in the transfer market for overpriced players. £20m is no guarantee that we can compete on the field - look at Leicester. Our club is worth at least the £56m the board have announced, and anything less is an insult.[/quote]

This post really makes you sound thick. The £56m figure is pure spin. The figure to buy the club as quoted is £16m for the shares and thats it. The £20m of debt can be renewed with the current lenders or refinanced with new lenders so thats not an issue. The £20m for players is what Cullum said he would like to put into new players but once he has bought the club he can put whatever he likes into the team. So its £16m to buy the shares and whatever he wants after that. £56m is just a pie in the sky figure invented by the club to fool anyone who doesnt think it through.

[/quote]

Thnaks for your kind words, fellow supporter.

The board released a statement saying how much it would cost to buy the club. It laid it out in black and white. That is not spin, it''s fact. Learn the difference between what is printed in a worded statement and what your opinion is. Then get back to us.

[/quote]

Oh so everything ever printed in the gospel truth and does not need thinking about further eh?

Cant you see for yourself that the club share value is just £16m? The existing debt would not have to be repaid but would be transferred to the new owner or refinanced by a man who has much experience and a pretty good credit rating. And he can put whatever he likes into the playing staff. So the club is worth £16m max. What bit of that dont you understand?

[/quote]

 

It doesn''t matter what you or anyone thinks the valuation is - the simple fact is that the club have said they want a minimum of £56m to sell. They are the sellers, they name the price. What''s so hard to understand about that? It''s not ''spin''. It''s an asking price.

Whatever you think of the board, and whether it will ever happen, it seems a pretty sensible ask to me - clear our (relatively small) debts and put money into the playing staff. Isn''t that what we all want? How could you not?

[/quote]

You still dont get it do you. They havent even said that £56m is an asking price. They have just said that it would cost £56m to buy the club and put £20m into playing staff. But the have failed to admit that the £20m debt could be financed and that £20m investment in the team is not a requirement of selling. Cullum could actually buy the club for £16m and put £4m into the squad, refinance the debt and its all within his budget. If you insist the club is worth £56m please explain where my sums are wrong....

[/quote]

I agree with your points but I think the current debt is £16m and the £20m investment is a requirement of selling. So the club say anyway.

[CaptnCanary 0]

I agree with your points but I think the current debt is £16m and the £20m investment is a requirement of selling. So the club say anyway.

 

I was referring to the £20m of debt being the combination of £16m Bank loans and £4m Directors Loans

[Match Day Pie 0]

“In the case of someone seeking to take control of the club and at the same time invest £20m in the playing squad this would take a minimum of £56m.”

NCFC press statement, released yesterday.

[Tangible Fixed Assets anyone? 0]

May I suggest the readers of this thread read ''The crux of the matter thread''.

If Mr. Callum invests £20m in buying new ordinary shares @£30, it will make the capitalisation of this PLC., £36m.

[Match Day Pie 0]

[quote user="Canary Nut"]

May I suggest the readers of this thread read ''The crux of the matter thread''.

If Mr. Callum invests £20m in buying new ordinary shares @£30, it will make the capitalisation of this PLC., £36m.

[/quote]

Indeed, plus the £20m they''re insisting on investment for players.

[BigFish 1,988]

[quote user="Yellow Rages"][quote user="CaptnCanary"][quote user="Match Day Pie"][quote user="CaptnCanary"][quote user="Match Day Pie"][quote user="CaptnCanary"]

[quote user="Match Day Pie"]It''s difficult to understand why so many people here think Delia is horrible old whatever for being reluctant to release her ''stranglehold'' on the club. Common sense in ANY business would suggest you need some kind of pay back for the time and money you''ve invested into the business. If Delia is to sell, isn''t it fair that she should not do so to a paltry offer like £20m? She has saved this club from extinction and is keeping it afloat. Cullum''s offer is not good enough - if he wants to be in charge, he should buy the club outright. All or nothing - as any investor should be. Those of you that think we should bite Cullum''s hand off have contradicted yourselves horribly by accepting the first wad of cash that comes our way. You are selling your club short for the promise of a bit of bling. £20m is all very well in the short term, but will go nowhere if there is not long term investment. £20m is nothing in today''s game and will only allow us to compete in the transfer market for overpriced players. £20m is no guarantee that we can compete on the field - look at Leicester. Our club is worth at least the £56m the board have announced, and anything less is an insult.[/quote]

This post really makes you sound thick. The £56m figure is pure spin. The figure to buy the club as quoted is £16m for the shares and thats it. The £20m of debt can be renewed with the current lenders or refinanced with new lenders so thats not an issue. The £20m for players is what Cullum said he would like to put into new players but once he has bought the club he can put whatever he likes into the team. So its £16m to buy the shares and whatever he wants after that. £56m is just a pie in the sky figure invented by the club to fool anyone who doesnt think it through.

[/quote]

Thnaks for your kind words, fellow supporter.

The board released a statement saying how much it would cost to buy the club. It laid it out in black and white. That is not spin, it''s fact. Learn the difference between what is printed in a worded statement and what your opinion is. Then get back to us.

[/quote]

Oh so everything ever printed in the gospel truth and does not need thinking about further eh?

Cant you see for yourself that the club share value is just £16m? The existing debt would not have to be repaid but would be transferred to the new owner or refinanced by a man who has much experience and a pretty good credit rating. And he can put whatever he likes into the playing staff. So the club is worth £16m max. What bit of that dont you understand?

[/quote]

 

It doesn''t matter what you or anyone thinks the valuation is - the simple fact is that the club have said they want a minimum of £56m to sell. They are the sellers, they name the price. What''s so hard to understand about that? It''s not ''spin''. It''s an asking price.

Whatever you think of the board, and whether it will ever happen, it seems a pretty sensible ask to me - clear our (relatively small) debts and put money into the playing staff. Isn''t that what we all want? How could you not?

[/quote]

You still dont get it do you. They havent even said that £56m is an asking price. They have just said that it would cost £56m to buy the club and put £20m into playing staff. But the have failed to admit that the £20m debt could be financed and that £20m investment in the team is not a requirement of selling. Cullum could actually buy the club for £16m and put £4m into the squad, refinance the debt and its all within his budget. If you insist the club is worth £56m please explain where my sums are wrong....

[/quote]

I agree with your points but I think the current debt is £16m and the £20m investment is a requirement of selling. So the club say anyway.

[/quote]LFAO. CaptnCanary do you actually read what you write before you post it. Lets do this slowly for the hard of understanding. £20m buys the club - but then Cullum has to find £16m to cover the debt. It is him then who owes the money so however he does it he has to find £36m for the club BEFORE any money goes to players.

[Citizen Journalist Foghorn 0]

[quote user="BigFish"]LFAO. CaptnCanary do you actually read what you write before you post it. Lets do this slowly for the hard of understanding. £20m buys the club - but then Cullum has to find £16m to cover the debt. It is him then who owes the money so however he does it he has to find £36m for the club BEFORE any money goes to players.[/quote]Not exactly Bigfish 16 million buys the club. (apparantly altho it was 13.3 million in October - I guess they put the price up to guard against any potential agrresive takeover bid on relegation).    The debt is 16 million to banks 4 million to directors. However said debt needs to be refinanced when he takes over, the 16 million could well be as easy as a change of name on the agreement, the 4 million depends on what the people who lent the money want to happen.  And the 4 million could just be added to the club debt of 16 million

[BigFish 1,988]

[quote user="Citizen Journalist Foghorn"][quote user="BigFish"]LFAO. CaptnCanary do you actually read what you write before you post it. Lets do this slowly for the hard of understanding. £20m buys the club - but then Cullum has to find £16m to cover the debt. It is him then who owes the money so however he does it he has to find £36m for the club BEFORE any money goes to players.[/quote]Not exactly Bigfish 16 million buys the club. (apparantly altho it was 13.3 million in October - I guess they put the price up to guard against any potential agrresive takeover bid on relegation).    The debt is 16 million to banks 4 million to directors. However said debt needs to be refinanced when he takes over, the 16 million could well be as easy as a change of name on the agreement, the 4 million depends on what the people who lent the money want to happen.  And the 4 million could just be added to the club debt of 16 million[/quote]Which is what I said really.......can''t sell the club without dealing with the debt!

[corbs 0]

Like most fans I welcome the interest of a genuine fan with dosh, but negotiations have to happen, and any shift in power is a delicate transition. Delia and Wynn have done a good Job, and it was not their fault that the Team let them down in the ''Cartelship''. Sure we have had a few poor years since, that''s football! If negotiations fail then we will just have to graft our way through again, which to my mind is what it is all about anyway.

[Carrow89 0]

A word to the known too bright.You DO NOT need to hit the quote button every time you reply.We are capable and, usually do read the posts before your post.If there is a particular point then maybe use what EVERY OTHER form of written media uses. Not block quote inside block quote inside block quote as I''m sure most will simply scroll through those quotes to get to the bit you have written thereby negating your use of the quote button.And it also clogs up the forum.

[canary cherub 1]

[quote user="Ralph Wright"]A word to the known too bright.

[/quote]

hilarious lol

 

[Smudger 0]

[quote user="Match Day Pie"]It''s difficult to understand why so many people here think Delia is horrible old whatever for being reluctant to release her ''stranglehold'' on the club. Common sense in ANY business would suggest you need some kind of pay back for the time and money you''ve invested into the business. If Delia is to sell, isn''t it fair that she should not do so to a paltry offer like £20m? She has saved this club from extinction and is keeping it afloat. Cullum''s offer is not good enough - if he wants to be in charge, he should buy the club outright. All or nothing - as any investor should be. Those of you that think we should bite Cullum''s hand off have contradicted yourselves horribly by accepting the first wad of cash that comes our way. You are selling your club short for the promise of a bit of bling. £20m is all very well in the short term, but will go nowhere if there is not long term investment. £20m is nothing in today''s game and will only allow us to compete in the transfer market for overpriced players. £20m is no guarantee that we can compete on the field - look at Leicester. Our club is worth at least the £56m the board have announced, and anything less is an insult.[/quote]

No, you are the one selling the club short by subscribing to another season of complete and utter dross.

[Smudger 0]

[quote user="Match Day Pie"]Fair point - but the £56m does make sense in terms of paying off loans and investment. I guess it''s an ''ideal world'' scenario and there''s no harm in trying. It would also mean the club would be completely debt free, which is pretty unique in the world of football.[/quote]

Plenty of harm in trying and exactly why this woman is not right for NCFC.

She should be selling at the cheapest price possible so that as much money as Mr Cullum has can be put in to the playing squad... but hey we all know that investing in to the FOOTBALL TEAM itself doesn''t sit well with the current boards ideas don''t we???

[Smudger 0]

[quote user="Jim Kent"]True Cullum must increase his offer.  20 million is hell of a lot to spend in the championship market, but not much in the premiership. [/quote]

In case you hadn''t noticed we are not in the Premiership and nor are we likely to be while Delia & Co remian at the club.

How much is Delia going to give to Glen to spend this summer then?

I will tell you how much... NOTHING

Just like Granty got last summer and Worthy the previous summer and some of you wonder why NCFC are struggling? [:$]

[Match Day Pie 0]

''No, you are the one selling the club short by subscribing to another season of complete and utter dross.''

Is there something wrong with you? I don''t recall saying that anywhere. Go back to Portman Road, potato head.

[Smudger 0]

[quote user="Match Day Pie"]Don''t get me wrong, PC''s interest is welcome, and is important as it''s getting the issue out in the open. But we cannot be going for half measures. We need money alright, but we need a strong structure in place that looks well beyond the next couple of years.[/quote]

oh and how far in advance do Delia & Co''s well structured plans extend to?

I would be surprised if they extended any further than just trying to keep us afloat and out of Div 1 for another year.  [*-)] [:$]

[Smudger 0]

[quote user="Match Day Pie"]

''No, you are the one selling the club short by subscribing to another season of complete and utter dross.''

Is there something wrong with you? I don''t recall saying that anywhere. Go back to Portman Road, potato head.

[/quote]

hahaaha out come the insults and the old Poorman Road attempts at humour when you are losing a battle... hilarious... [:D]