welshwhite wrote:I'm sure I read at the time that It was Cellino that bought out GFH. He owned the club 100% when he sold it to Radz.
Cellino owned the club but the club still owed GFH a considerable amount of money in bullshit 'consultancy fees' accrued when they owned us. When Radrizzani came in, this was still £17m and according to Phil Hay he paid off 'half' of that last year (I saw this reported variously as £8-10m). Radrizzani considers this matter settled but I don't know what legal basis he has for that. I reckon GFH still believe they are owed however much remains after this initial payment (so anywhere between £7-9m). This outstanding debt had been restructured under Cellino and was likely a contributing factor as to why he needed to sell the club. Thus, even if we take your lowball estimation of £75m, it's still £83-85m without even taking into account the increased wage bill etc.
Still, it's an insane amount of money by virtually any standards. I remember being surprised when we bought Luke Murphy for £1m in 2013 and now £100m or thereabouts is considered to be a derisory investment. I know it's a cliche at this point but football is fucking ridiculous now.
welshwhite wrote:He's got 4 months to show us if he's a capable owner.
Why, what happens after that? Is he going somewhere? Are you?
I like the idea that if we got promoted in 2020 it would be completely unacceptable.