Takeover

[Pragmatist]

Well at least Lai will walk away with £20m (less the payment to Hearn, if he makes it).  That’s a 90% loss on the reported £200m paid for the club, although I seem to recall reading a figure of £175m

That’s a hefty loss rate.  At least Lai should look on the bright side in that he did slightly better than that bookie tiT who came on here (punters advice) with all his tips of games to bet on and lost all of his £100 stake.

Yes, £175m was what I thought too.  Lepkowski keeps saying £200m (£207m to be precise).  I’m not sure how he we would know that, and he does often state inaccurate info re the loans.  

£175m for 87.8% of the club would have valued the club overall at £200m.  I suspect that might be the confusion. 

Anyway yes, the investors have lost a fortune. Lai only has a minority percentage of that, and if it’s correct that the Wisdom Smart loan has been deducted, then Lai effectively needs to pay that back to the other investors out of his share of the £20m, along with what he owes to Hearn.  He won’t be seeing anything back beyond that.