Thread: Premiership Talk
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Old 05-13-2004, 06:08 PM   #1826
El Capitano Gatisto
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Quote:
Originally Posted by Cactus Sid
Turns out Morgan actually wanted to buy the club for £61 million and become chairman. That would drastically devalue the club.

On the down side, we're gonna accept the Thai guy's offer
He wanted to up his share holding to 30%, which would be a controlling stake, then he could launch a takeover and make some changes to the club.

I think the Thai Prime Minister wants to do the same, but leave the running of the club to the current board.

I'm not really sure how the shares thing works, but Morgan definitely wasn't bidding to buy the club outright.
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