Honestly, this is starting to do my flippin' head in!
It is
patently obvious that the current shareholders are ALL big LCFC fans. Anyone who thinks otherwise is completely ignoring the facts.
Who the feck else would have been investing at that time - effectively throwing money at something that could
never make a profit? Were they the investors from the Society for the Terminally Stupid? :icon_roll
I know quite a lot of people who make a living from "investing". They are very sharp-minded people who know what's going on and know how to make a decent return on an investment. To suggest that even
one person invested a
serious amount of cash thinking they would break even, let alone make a profit, is UTTERLY LAUGHABLE! :icon_lol:
(Of course, even it they are now "getting their money back" they are still not even close to breaking even - the trick with investing is purely and simply to beat inflation and interest rates by a few percent. If it wasn't possible to do that, investors would just leave their money in the bank, thank you very much. Just work out the difference between a few hundred grand at 0% for three years and a few hundred grand with a relatively safe yet still completely realistic return of 8-10% for three years... and that's an investment in a SAFE scheme, not "LCFC, In Administration"!)
I'm sure the current board are well aware that they could be lynched, literally, if the MM bid doesn't go through. Either way they're out of a job, IMO, and I'm sure they all know that. So I'm taking them on their word when they say they're doing it for the best interests of the club. There's not much else they
can do...
OK, rant over. I think I might take a few weeks off from posting on here now.... maybe until around December 15th or so....