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  I think Ed makes some very valid points and his request for cost estimates is perfectly valid, it is indeed difficult to evaluate the merits of the only 2 proposals without this number. DHB have at least indicated they expect a trade sale to be for an amount in the region of £350m; so is this the number Charlie thinks his plan needs to raise?
  
  With regard to returns on investment DHB are making somewhere in the region of £15m per annum net profit which would suggest a 23 year payback period and an annualised return of 4.3% based on the trade sale proposed by the DHB. What sort of return on investment is proposed in Charlie's plan?
  
  I am not opposed to Charlie's proposal as I think it has a better structure to it than a straight trade sale and has a wider appeal to a large group of stakeholders. Having said that, like Ed, I would like more details and more clarity around what level of benefit the town could expect on an annual basis, what form any guarantees around ownership would take, what the trust boards voting structure would be and how this related to investment levels, what protection is proposed to stop the commercial interests taking control and voting through changes in constitution etc.

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