Which is why I can't see it happening. IMO the price being banded around is unrealistic.
Well I guess you have to know the asset value, fixed costs (Ground, stands, academy etc., and variable costs, (Players resale) and the cash flow, future earnings, potential projected profits, potential liabilities etc. before you can value any business.
As Peace is (I think) an accountant he ought to know where to pitch the value as a starter for negotiations. The investors make an initial valuation, if it's in the right ball park then they are allowed to carry out due diligence. This I believe is to ascertain if the valuation is realistic, then they try to negotiate down on the initial bid based on any risks or what they perceive as risks, for example players contracts, player valuation, pensions etc etc.
So while it is a long way to go, the initial offers were probably in the right ball park and Peace would have checked out the investors ability to pay