No, of course it isn't

You can buy existing shares, make loans or donations and probably hundreds of other clever ways that accountants dream up. All have different implications though.

You wrote "for f**k all". Clearly new equity is not "f**k all" and I suspect that's why D & M rejected it as then there would need to be a proper valuation of the club to determine how much equity 20m was worth and diluting the value of the shares they hold.

Posted By: BerlinCanary, Nov 13, 09:38:55