
Originally Posted by
SBRed48
I'm sure if someone had failed to keep the agreed schedule of payments for buying something you owned Ziles you would be "on it". It is not the role of a minority shareholder to make statements on behalf of the "Club", as Dane defines it in his Official Statement. What statements do Hung and Parveen make as minority shareholders ?
As I recall when Barnsley went into administration in 2003/4, despite a lot of hot air, no one was willing to buy Barnsley FC. It wasn't like when Chien rocked up when we were debt free and going cheap. I honestly can't remember what Cryne paid but he was immediately lumbered with paying off creditors which could be argued was part of the price. In the subsequent 14 years Cryne has bankrolled the club, some quietly, some as a loan eventually totalling £6 million of his own money, for which he was rightly paid back.
The idea that Cryne being paid £8 million for a club he had kept going for 14 years, and not receiving that money from these chancers, is not my notion of profiteering.
Please tell me Ziles what Cryne did pay but also add the amount he had to pay to creditors to get the club running again.