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So, is it only me reading it as "the club would be valued at £30 if not for the £11m loan, which makes the net value £19m once that's taken into account, and it's thought that he'll be buying 59% of that for probably a little over £10m"?
 
End of the day if you want something you pay the money. Whilst I absolutely begrudge Donald making a killing on the deal, perhaps somebody paying over the odds for us could be interpreted as a signal of intent? Far better than someone buying the club on the cheap with a view to making a profit...
I doubt Donald has made a killing in this deal, in fact I’d say he’s out of pocket by a few million after the FPP loan has been paid back. By retaining 15% share he’ll make back that shortfall 5 times over should the club be valued at £100m in the future. You can see why he was so keen to stick with this deal rather than accept a bigger offer which would’ve probably required him to sell all his shareholding.
 
So, is it only me reading it as "the club would be valued at £30 if not for the £11m loan, which makes the net value £19m once that's taken into account, and it's thought that he'll be buying 59% of that for probably a little over £10m"?
I'm thinking, club worth 30mil. Donald has 76% so say 23m. KLD buy 59%, say 13.5. Pays 11 loan. Around 24.5 in total? Who knows, who cares
 
So seems to be KLD is paying around the £18m mark for the 59%. I assume the pay back off the £11m loan will be down to Madrox? Surely KLD won’t be paying for that on top of the above shares?

Bottom line is though is KLD would have control
 
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A more positive view is that the new owner knows what he is doing and is happy with the valuation....let’s get it done and concentrate on new opportunities rather than fight old battles.
 
So seems to be KLD is paying around the £18m mark for the 59%. I assume the pay back off the £11m loan will be down to Madrox? Surely KLD won’t be paying for that on top of the above shares?

Bottom line is though is KLD would have control

While the payment has to be made by Madrox, those funds will have to come from one or more of the Madrox shareholders. Logic says that that will be KLD.
 
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