Quote:
Originally Posted by Tin Monkey
I don't think anyone is denying that this is the result of an accumulation of debt over a period of time.
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I think Eric is denying this. He has always said that he would keep the club in the black and never let it get into debt and never allow things to get like they were in 1962. Well, surprise, surprise - we have been in trouble for over a year, but he has still been lying to us. How does he expect to sell the club and how much must he be asking. What is the club worth? If Eric sells his 56% for £1, whoever buys it will have to pay the debt of aroung £400,000. So Eric's 56% will have cost the buyer £400,001, this would put the value of the club at around £700,000. I don't think so.
The only thing a buyer gets is the seats, the concrete and the steelwork which make up the ground plus the name 'Accrington Stanley'. How much does anybody realistically think that Eric's 56% is worth.
I have heard that if he does manage to sell the club he is intends getting involved with Clitheroe Fotball Club, but i don't know if there is any truth in the rumour or not.