well, as I recall, the main complaint from the likes of VFC about the way that the Ranson bid was handled wasn't that it was rejected out of hand. The main complaint was that the details of what it was that had been turned down weren't made clear to the stakeholders in the club.
To give an extreme example to illustrate why this important
Maybe Ranson offered only £47m for the club, but also promised ongoing transfer funding of £200m per year together with plans and funding to completely redevelop the off field facilities and turn the club overnight into the chelsea of the midlands.
To turn down such a deal in favour of one which offers £64m for the shares but offers no cash for ongoing development would not be in the interests of the club.
So while there are many who claim with religious fervour that recent events show that Doug was right to turn down Ranson, it is my opinion that until such time as the details of all the bids, including that of Ranson, are known, this is not a claim that can justified.
I'm not saying your wrong, but I never heard anything about £200M a year. If he could have funded that he would have brought the club at the time. What I do know is that he seemed to be trying to get the club on th cheap.