How Far We Have Fallen

[LSArab]

There is no way he values his shares at that figure.

I think that £4m comes from the total number of shares multiplied by the 30 odd quid that the shares can be bought for.

And to some extent has been used as a stick to beat ST with. “Oh he wants £4mil! Etc etc” making out he’s holding the club to random.

Plus he would never ever get in a million years even if he owned the whole club shares anyway.

The club in its current state (just my guesstimating) is worth about £1.5m to £2m tops.

Simply based on the assets (stadium, GA etc) and 100% of shares.

A more realistic deal to buy ST’s shares would be the offer of some up front cash (say £500k) and then a decreasing cut of future transfer income much like the debt deal with the bank until £1m-1.5m total was met.

You don’t need a white knight with millions. You just need a businessperson with some cash, access to funds for debt (which will be needed no matter who is in charge while the ship is righted), some imagination and the desire to do more than just spout in the boozers about how they’d be up for taking on United.

To any pretenders to the White Knight monicker: Action speaks louder than words.

Now I know folk will say: “**** ST, he doesn’t deserve a penny.” And they’d be right. But he holds the keys to the door, and I’m certain he will only sell when he gets some cash.

We have to accept that reality. No one will pick this club up for £1 unless it’s admin, and even then they’d be picking up a club that will likely have lost the GA and Tannadice due to defaulting loans.

And in an admin event I’m certain ST would try to hang like Boyle successfully did at Motherwell.

It’s time to get serious. And that means the fan groups and the supposed White Knights.

My prediction: we’ll have ST at the helm for a long time.

Interesting post. I am firmly in the anyone but ST camp. He is holding the club to ransom. IMO his unreasonable expectation about how much someone should pay is preventing anyone better coming in