"we don't even know if our shareholders would do that"

This makes me so cross. WE KNOW THEY WOULDN'T. As soon as Cullum's interest became public they made an official announcement on the official website stating their terms for anyone - not just Cullum - to take over. That included the immediate paying off of all moneys owed to the majority shareholders, and the purchase of all their shares at ?30 each.
Taking into account all the other debts that have to be paid off on a change of control, the potential cost of all other shares, and the debts that have racked up over the past year the cost to a purchaser of taking over NCFC is pushing up towards ?40 million*.
The cost of taking control at Southampton was, I believe, around ?15 million. Why do you think they have new owners and we don't.

*Note for non-Fengibbons - the cost of taking over is substantially more than the value of the club.

Posted By: Fast food Dakar on August 19th 2009 at 12:15:13

Message Thread

On the subject of fans (NCFC) - Fast food Dakar, Aug 19, 12:03:42
- what we need is investment, like Newcastle got (n/m) (NCFC) - Charles21, Aug 19, 12:20:30
- Yebbut........................... Oh all right then. (NCFC) - megson, Aug 19, 12:08:01
  - "we don't even know if our shareholders would do that" (NCFC) - Fast food Dakar, Aug 19, 12:15:13
    - It's plain and simple it's Delia's hobby she loves swanning about at the football, she (NCFC) - lovely old job, Aug 19, 12:19:48
    - Saints went into admin, nearly ceased to exist, so I would think that plays a part? (NCFC) - megson, Aug 19, 12:19:45
      - As regards any takeover (NCFC) - Fast food Dakar, Aug 19, 12:40:30
        
        I'm not convinced, I still feel that was an ill advised and childish reaction to PC's (NCFC) - megson, Aug 19, 12:48:53
        
        As far as it goes (NCFC) - Fast food Dakar, Aug 19, 12:59:24
        
        Agreed. (n/m) (NCFC) - jafski, Aug 19, 13:06:53
        
        and financially speaking, both had fallen much lower than we were at that time (n/m) (NCFC) - Ralf Scrampton, Aug 19, 12:46:48
      - just over 1 year ago we said all we want to do is go to the football and enjoy it again, (NCFC) - lovely old job, Aug 19, 12:22:21
        
        And the wanky atmosphere around Carrow Road. That's stayed constant. (n/m) (NCFC) - Arganth, Aug 19, 12:28:31
        
        To be fair, it only becomes wanky after the team (NCFC) - duke of york, Aug 19, 12:29:51
        
        Yeah. One shit backpass and keeper error. (NCFC) - Arganth, Aug 19, 12:32:04
        
        it didn't turn shit immediately after the backpass though (NCFC) - Ralf Scrampton, Aug 19, 12:48:48
        
        I went a bit mental at Theo after number 2 (NCFC) - duke of york, Aug 19, 12:51:57
        
        When massive expectation among 25,000 people is punctured (NCFC) - duke of york, Aug 19, 12:33:49
        
        Indeed. Somebody below mentionned expectation management. (NCFC) - Arganth, Aug 19, 12:38:01
        
        That was me. (n/m) (NCFC) - sheffieldcanary, Aug 19, 12:57:52
        
        yup. Can we stop now please? Before i slit my wrists. (n/m) (NCFC) - megson, Aug 19, 12:28:03
  - Which is why we need to force her to sell up in the same way we did with Chase (NCFC) - duke of york, Aug 19, 12:12:56
    - Oh don't mention fengibbons, I mentioned it once but I think I got away with it. (n/m) (NCFC) - jafski, Aug 19, 12:19:33
    - Indeed, I'm coming around to this now. My resitance is not love for Delia (NCFC) - megson, Aug 19, 12:17:15
      - Their man was Gunn, and Roeder, and Grant (NCFC) - duke of york, Aug 19, 12:20:42
        
        Sorry, wasn't clear there 'Their' in that sense means this new board as a whole (NCFC) - megson, Aug 19, 12:29:49
        
        ...but can she leave her money in until we can pay her back ? (NCFC) - Arganth, Aug 19, 12:27:10
        
        Who knows? I don't (NCFC) - duke of york, Aug 19, 12:30:56
        
        One would hope not. (NCFC) - Arganth, Aug 19, 12:34:01
    - But not to the first cunt that somes along wanting to use FCR as a fucking caravan showroo (NCFC) - Arizona Bay, Aug 19, 12:15:40

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