There is some confusion and all we have to go on is one of Tom's public statements which being something Tom said has the dual problems of being likely a lie and if not likely untrue through ignorance.He Who Knows wrote:Excellent work Gregg, worthy of a Nobel Peace Prize - probably the first Parliamentarian of Quatloosia ever to be awarded one.
I was a bit confused, however, about the term Double Full Crawford and I accept that it must be me being a bit thick, rather than your excellent in-depth research. Please would you kindly elucidate: when you saydoes this mean Crawford has actually pissed away £180k? (£90k + £90k).This means that Crawford might have in fact done an extremely rare Double Full Crawford, pissing away his equity and as much again after. A truly memorable own goal, the likes we rarely see.
I am finding this level of stupidity quite hard to comprehend.
If you estimate the market value of the Fearn Chase Estate at £140,000 which is a good guess, you subtract what Tom owed at the start of this episode which we do know was ~£45,000 leaving the equity position at ~£95,000. Where it gets confusing is Tom said somewhere that he owed the banks £90,000 after the sale of the property. What is not certain is if that is before or after the bank took their fees and costs. From the way he said it, it could be taken to mean that they had just taken all his equity and he had nothing. The figures are close enough to make it possible that he had lost all of his equity but none more. But the way hie said it also left open the possibility that he had pissed away all the equity AND owed £90,000 more, a truly epic case of self destructive failure and very close to a Double Full Crawford, which in Tom's case would fall somewhere between £180,000 - £190,000.
