£20 million

Discussion in 'Bulletin Board' started by NorfolkRed, Sep 15, 2017.

  1. Nor

    NorfolkRed Active Member

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    Fair price? I wonder how they've come to that valuation, hope the Cryne's get a good return.
     
  2. Ext

    Extremely Northern Well-Known Member

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    Wonder how much the harassed council tax payers of Barnsley are getting - cos I assume for that money they've bought out OCA
     
  3. Carlycu5tard

    Carlycu5tard Active Member

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    I don't think anyone can say whether it's a fair price - without knowing what's included in the deal.

    How much cash is left in the kitty from Stones / Roberts / Bree etc etc.

    What - if any - of the hard assetts are included. I'm quite willing to be corrected - but I thought Mr. Cryne owned the football "team" and he and the council owned half the ground / training / car park, etc each.

    Does this money also pay off the loans Mr Cryne has given the club and indeed how big are they.


    So is it:
    £20 million to Mr Cryne by they keep the Stones cash, Mr Cryne Swallows the debt - they get the football Team and the half the ground Mr Cyrne owns.
    Or is it just the football Team and the club still owes the debt and mr Cryne keeps the cash and the ground.

    Just what are they getting for their £20million.

    If I had won the lottery over the period the club had been for sale - I would have expected to pay a token £1 for the club - and let Mr. Cryne keep the cash and swallow his debt - and have someone value the land independantly for the balance. So £20 million seems a bit steep to me.
     
  4. Terry Nutkins

    Terry Nutkins Well-Known Member

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    I think for all concerned its been a decent return on everyones investment. PC has bankrolled us for years but not to the tune of 20m. Nowhere even near, but as an investment of time and energy, he deserves his cut.

    The Fact that this club has been bought for 20m when just over 12 months ago, we'd have all pissed ourselves laughing at that amount. If PC has 10m extra for the privilege then none us would complain or bat an eye lid.

    Win Win all around.
     
  5. Xer

    Xerxes Well-Known Member

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    Amazing that we went into admin. due to a bank overdraft of £2.8 million.
     
  6. pom

    pompey_red Well-Known Member

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    Things are only worth what you can get someone to pay for it. Mr Cryne is welcome to every penny. As for the snide comment about council taxpayers above I'm quite sure the council have sold for a price that is acceptable.
     
  7. Jimmy cricket

    Jimmy cricket Well-Known Member

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    If they have bought the ground back as part of the deal then seems reasonable if not I'm not so sure.
     
  8. blivy

    blivy Well-Known Member

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    I would imagine the debt has been paid off, PC has also got some money for his equity and the cash has been retained in the business.
     
  9. tyr

    tyrone1 Banned Idiot

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    Without seeing the books and what is been bought you could not possibility say whether its a fair price, given we recently spent over the£6m on players and weve got cash in the bank the figure seems low. However, we operate at loss and have be e n subsided by our benefactor so who knows
     

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