Transfer Rumour Charlie Hughes (54 Viewers)

Terry_dactyl

Well-Known Member
Matt Grimes wasn’t exactly making ‘come and get me’ shouts at Swansea in the days before he signed. I have no idea where this money is coming from if we’re actually putting these bids in, given we’re not raising huge amounts for MVE.
I reckon we’ve had some/are having some investment right? From someone/people other than Doug.
 

skybluecam

Well-Known Member
If we’ve initially bid at £4m and then immediately gone back in at £7m and now considering 8-9 that suggests to me that Hull have named ~£10m as their actual asking price privately.
 

Cov4Ever

Well-Known Member
His old manager is on the case!

Also find it hilarious that people tweet these. It's not like the manager is going to go 'oh yeah we are interested and we have put a bid in'. It's just attracting attention and that tweet adds no context what so ever.
 

covcity4life

Well-Known Member

Deity

Well-Known Member
Looks like an external investor has invested £15m and now owns 10% of the club.

The calculation is 11,000,000 original shares + 1,222,222 newly issued shares =12,222,222 total shares. 1,222,222 shares therefore equates to 10%.

The £15m looks like it has gone into the company (rather than out to a seller) as these are new shares. This therefore implies Doug valued the club at £135m before the money came in and £150m post money (hence £15m for 10% stake).

It will be very interesting to know who now owns that 10%. Unlikely to be Doug or related party as he could just continue to fund the business by way of the 0% unsecured loans he

maybe @Pitch87 was spot on all along ….
 

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