Originally Posted by
BlueToujours
I don't think that the fact that the ground was in their books at £41m and then sold for for £80m is an issue. Many businesses have assets in their financial accounts at "under value" and there is nothing wrong with that.
The real issue is the valuation figure and on what basis this was undertaken. I think that "fair value" will be very difficult to disprove for beauty, as they say, is in the eye of the beholder. I may believe that something is worth £10 and someone else might say £15 and buy it for that.
I think that Derby will get away with this particularly as they kept the EFL informed at all stages of the process.
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