Cullum v City
Its been announced that this morning, all negotiations between city and cullum have been terminated because they couldn't agree a deal.
Frankly this is good news. There were serious misgivings I had about this deal...
1. To "embarrass and expose" the city board through the EDP is appalling, which is what Cullum has tried to do.
2. £20 million for new players would be great, but lets not be under any illusion this is a heart decision, its a business decision. Clearly it was thought NCFC could be bought on the cheap, especially in the current financial climate. The reality is he is a business man, and this was an attempt at a good business deal...
3. Delia and Michael have been great for the club and I am sure that if they had received an offer that was in the interests of the club first, they would not hesistate to step aside and support from the stands. If they feel its not good enough, and Andrew and Sharon Turner think it not good enough, then thats good enough for me.
4. Cullum's insistance on Majority share holder status means clearly one thing - he has to have more than 31% of the stake - that means he has to offer to buy out everyone who has shares or loans in the club. Since the current market value of shares and loans to the club, plus £20m for players is realistic, this comes to £56million - he is woefully short.
5. Its interesting that when City were at the lowest ebb last season, he wanted to do some deal. Where was he when we were in the premiership, why not finance support then. Again, proof to me this is about a "canny" attempt to make a good deal for himself and NOT the club.
Time for him to put up and shut up. If he is a true supporter and just wants to help, why not give a donation of X amount to support the club. He could have become the main sponsor as well, and gone "over the top" in the amount and financed the club that way.
I wonder where Andrew and Sharon Turner sit in this, maybe they are likely suiters and a deal is in the offing there. Unlikely, but who knows.
Time to move on, support city as we move into pre-season, on the ball city............
Frankly this is good news. There were serious misgivings I had about this deal...
1. To "embarrass and expose" the city board through the EDP is appalling, which is what Cullum has tried to do.
2. £20 million for new players would be great, but lets not be under any illusion this is a heart decision, its a business decision. Clearly it was thought NCFC could be bought on the cheap, especially in the current financial climate. The reality is he is a business man, and this was an attempt at a good business deal...
3. Delia and Michael have been great for the club and I am sure that if they had received an offer that was in the interests of the club first, they would not hesistate to step aside and support from the stands. If they feel its not good enough, and Andrew and Sharon Turner think it not good enough, then thats good enough for me.
4. Cullum's insistance on Majority share holder status means clearly one thing - he has to have more than 31% of the stake - that means he has to offer to buy out everyone who has shares or loans in the club. Since the current market value of shares and loans to the club, plus £20m for players is realistic, this comes to £56million - he is woefully short.
5. Its interesting that when City were at the lowest ebb last season, he wanted to do some deal. Where was he when we were in the premiership, why not finance support then. Again, proof to me this is about a "canny" attempt to make a good deal for himself and NOT the club.
Time for him to put up and shut up. If he is a true supporter and just wants to help, why not give a donation of X amount to support the club. He could have become the main sponsor as well, and gone "over the top" in the amount and financed the club that way.
I wonder where Andrew and Sharon Turner sit in this, maybe they are likely suiters and a deal is in the offing there. Unlikely, but who knows.
Time to move on, support city as we move into pre-season, on the ball city............
posted by monty at
7:24 AM
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