That might depend on where we are in the build and any other outstanding debts (real and/or capitalised). Read somewhere that if we are relegated our value could plummet by 70% or more. I'm not sure if we've passed that tipping point yet.... or indeed how that equates with Moshiri's lowest acceptable selling price. We made substantial losses in recent years and a lot of previous debts were already capitalised by Moshiri too, increasing his shareholding. Our turnover has increased since Moshiri took over but a good slice of that was probably USM induced.
The original financial model was always sketchy and underpinned by USM involvement. We all turned a bit of a blind eye to that because we probably thought a fella who pays £30m just for first dibs at naming rights is always going to meet any shortfall and fill the gaps. Since then he's been sanctioned (how permanently we don't know), and according to Moshiri build costs have spiralled by another £200m+.
