It's hardly fag packet economics, and nowhere did I suggest that it's cheap or easy running a football club. And I don't doubt for a moment that KT/DB have had to pump sizable funds in to keep the club running, probably accounting for much of their quoted '3 million to spend'. However, the fact they sunk that money into a failed project, it doesn't put them in a very good position for recovering their cash deficit, and certainly not for turning a profit on the sale, does it?
Simply put, I can pump as much money as I am able into any business venture, but if that project becomes a money pit with no profits and very few assets, then it doesn't become more valuable than it was when I purchased it purely because I sunk a pile on it. If I wanted out I'd have to take the hit.
If they'd managed to keep the club in League 1, or even progressed on further, then they could likely have turned a profit; or at least broken even. Either way, it'd likely have been worth more than a bargain basement League 2 club with an unfinished stand.
Yup. If you're savvy enough to make millions then you'll be savvy enough to offer the same quid that Bower paid according to Cardoza. Actually, probably less than a quid given the wage bill and the East Stand saga. We're probably talking 50p territory or getting the present owners to pay you to take it off their hands.
Or you'd wait for one of the semi regular financial disasters and pick it up for nowt in the ashes.
