Quote:
Originally Posted by Shurm
Hmmm good point, maybe he thought I'll buy this debt ridden worthless club and get the locals to pay it all back for me ........ Cunning ;-)
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As I see it DON bought the club with full knowledge of the £300K debt and he said last night that he wasn't putting any more money into the club, so he obviously had no intention of paying the debt when he took over the club. He now launches an appeal for other people to pay the debt for him. When he bought the club it was worth practically nothing with the debt. If the debt is cleared for him (by other people) the club will be worth something. He will then have increased the value of his investment thanks to other people GIVING him money. Not a bad piece of business if it all comes off. I just wonder what he will do if the appeal is successful. Will he decide to sell and make a profit or will he stay and carry on the battle. Only time will tell, but in the next eight weeks we must all pull together to get Stanley (not David O'Niell) out of this mess.