There's an attempt by some to push the Defoe stuff onto KLD and the share issue, and the two things shouldn't be grouped together. Also it was a fundraiser last night by all accounts, that shouldn't be forgotten. And if it was poorly organised that's unfortunate, but again that's nothing to do with KLD either.
A lot of people seem to want to have a pop at KLD especially of the share %
I was one of them when it first broke as well until I looked at it a bit closer.
We'll never know exactly how much he paid for his shares, we also don't know how much the club is losing on a monthly business.
What we do know is Donald wants a certain prices for his shares and will be happy to sell them all at this price however KLD thinks this is too high for a league 1 club.
This is why I think buying only 41% is quite an astute business move, he becomes the highest individual share holder becomes chairman with control over the running of the club, the losses however don't fall entirely on to him.
As I've said we have no idea how much the club is losing but if we said it was losing 1M a month KLD would have to fund £410,000 and the rest would have to shell out the other £590,000 over a year that would cost the muppets around £7M in a year, that means KLD would have saved £7M from financing it himself for a full season if we get promoted KLD buys the remaining shares at the price that was originally agreed.
However Donaldand co would be £ 7M short compared to if they had sold last season at a fairer price. The longer we are in league one the more money Donald loses.
KLD had had his pants down yet Donald thinks he's Billy big bollocks by hanging on to a % to cash in when we get promoted yet he will have list millions in the process.
I have stated that I have no idea how much the club is losing I just use £1M a month as a ball park figure