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Old 05-06-2009, 10:22   #22
derekgas
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Re: Speaking up for Mr Eric Whalley

Quote:
Originally Posted by Tin Monkey View Post
Eric Whalley would have stepped aside when we entered the league (or at least 1 year after that), but he can't sell the club. He's been trying for 2 years, but can't get the price he wants. He's put his money into the business, so it's only fair that he gets back the value that he thinks he deserves. If that's more than people are will to pay, then that's his problem. I don't see where the confusion arises from that. It's been explained countless times on various threads.
I agree with some of that, but, the club CAN be sold, but you have to sell at value, not necessarily at what you have put into it, the confusion is about why the price is above what anyone will pay for it, so, did EW throw money into it for the love of the club? Or, in an attempt to make the club more valuable? If it was for the love of the club, (surplus cash), then you would expect to sell for less than you put in, if it was for profit on your investment, then that is a gamble, and as such, gamblers lose sometimes, so you should expect losses in any event, I am not saying Eric isnt entitled to get some of his hard earned back, I am saying that the expected amount has to be realistic, if it was, the club would have surely been sold.
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