Originally Posted by
animallittle3
I'm trying to put some science behind this with everything on the table and without emotion coming in to it .
First of all the shares are over valued , they are valued at what ever finance is needed to keep the club financially solvent and not valued at what the club is actually worth .
Absolutely nobody would purchase the club with the shares priced at that level .
What we have here is equivalent to what occurs from time to time in the housing market and it's called Negative Equity .
The value of the house is lower than the mortgage on it .
That's only a problem if you are looking to sell the property , if you are happy where you are you can sit back and wait for the prices to rise .
Unfortunately that not quite how in my opinion it works in football , you have to make the club more valuable than the price you paid for it .
They are now in a funny situation because having initially purchased the club for a reasonable price , at least in the sense of what was agreed on paper and not necessarily what actually played out they are now stuck with a club that will without question leave them out of pocket .
Quite how long they are prepared to have this monkey on their backs I don't know but in my opinion only a genuine fan from childhood would have the motivation in these circumstances for the long haul and even Patrick got pyssed off acting as guarantor eventually .
The other option is to invest more money in to the club and hope it can strike gold in a Brentford or Luton type way .
It's heading towards Judgement Day in my opinion , stick , twist or sell at a loss .