Originally Posted by
SBRed48
A bit of the old Jeremy Hunt smoke and mirrors there.
All of the £10 million is share equity, not a donation to the club from their pockets never to be seen again.
£3million of the £10 million share equity is placed into the club accounts ring fenced to purchase the club from the Crynes as they have not yet purchased it yet. The £3million cannot be used for any other purpose
A significant proportion of the £10 million was raised in share issues when Conway and PMG held about 35% combined of the shares ie Conway and PMG put in about a third of the £10 million to purchase share equity.
That leaves about £3.7 million put in by Parekh, the then Investor Group and the Crynes, all as share equity, not donations/ gifts.
The notion that Parekh and Co have put in £10 million is a little misleading. Smoke and Mirrors.