Brighton and Hove Albion Holdings Ltd

[Buzzer]

I agree with Cadiz. Companies do not increase nominal share capital and create loan stock on a whim. This has been done with a specific purpose - raise funds and what do we need to raise £40m for and why so much from this method? Looks like we are raising only a fraction of the total from banks.

This is just me speculating though

 

[les dynam]

thanks for the various explanations and examples guys, very helpful.

 

[Gritt23]

Would a company go to the expense and bother of doing this just "in case" someone comes along who wants them? OK so presumably it isn't a massive time consuming job, so surely they would only do this if they thought there was a reasonable chance of a new investor.

Not sure it's a very expensive thing to do, it's only submitting a Board Resolution to Companies House, but perhas it is difficult to get all the board together at short notice, so why not do it when they are.

It's obviously something we are seriously looking to do, but how immediate it is ..... well, I guess I'm just trying not to get my hopes up. After all, we did this to the tune of £20m a year ago, and no big player has walked through the door in the following 12 months.

 

[Cadiz Seagull]

Not sure it's a very expensive thing to do, it's only submitting a Board Resolution to Companies House, but perhas it is difficult to get all the board together at short notice, so why not do it when they are.

It's obviously something we are seriously looking to do, but how immediate it is ..... well, I guess I'm just trying not to get my hopes up. After all, we did this to the tune of £20m a year ago, and no big player has walked through the door in the following 12 months.

No I don't think its a major expense either or, more importantly, a long process.

If I suddenly said I want to put 40 million into the club but I want loan notes it could be organised pretty quickly. Yes you need a board meeting and you'd need to get them together but you wouldn't need everyone, just a quorum however many that might be. So if one or two weren't able to attend but it had been discussed with them out of courtesy then I don't see a problem. And, let's not forget, Tony Bloom is NOT on the board so he wouldn't have to come over from Oz.

If I'm right and it's a relatively simple and quick process then I still don't see why they would do it "just in case"

Maybe there is someone in the wings.

And I've just been ready the thread on Dick Knight stepping down.

Can any one tell me what 2 and 2 make?

 

[Gritt23]

Can any one tell me what 2 and 2 make?

I do agree with what you're saying, BUT, I just don't want to get too excited. Maybe we ARE in discussions with somebody, but that doesn't mean it'll all happen.

 

[The Large One]

Not sure it's a very expensive thing to do, it's only submitting a Board Resolution to Companies House, but perhas it is difficult to get all the board together at short notice, so why not do it when they are.

It's obviously something we are seriously looking to do, but how immediate it is ..... well, I guess I'm just trying not to get my hopes up. After all, we did this to the tune of £20m a year ago, and no big player has walked through the door in the following 12 months.

According to Dick, their Board meetings are held on a monthly basis.

 

[Buzzer]

I think your mr moneybags is already at the club, Gritt23.

 

[Gritt23]

According to Dick, their Board meetings are held on a monthly basis.

With everyone in attendance?

I attend Board meetings on a regular basis, and they will often start with "appologies" on behalf of those who cannot attend.

 

[Gritt23]

I think your mr moneybags is already at the club, Gritt23.

Entirely possible.

 

[hans kraay fan club]

I think your mr moneybags is already at the club, Gritt23.

Is it Kerry Mayo?

 

[murciagull]

Ooops! - certainly should. We're restoring an 18th century cottage at the moment and just popped home for some lunch - brain is getting a bit muddled with foundations (or lack of) and deliveries of P300 concrete.

Ah........... But has the steel been ordered yet

 

[Publius Ovidius]

mmmmm.....southampton anyone?

 

[The Large One]

With everyone in attendance?

I attend Board meetings on a regular basis, and they will often start with "appologies" on behalf of those who cannot attend.

Don't know, but there's only six to attend, and they're all local.

Except Dick.

 

[portslade seagull]

I've hear that the mystery man is stumping up all the cash for the stadium..but whether that is true or not I don't know but they are currently attached to the board

 

[Alex Alex Dawson oo! oo!]

Ah........... But has the steel been ordered yet

Very droll, and topical.
There's already steel mesh embedded in the concrete; just the bathroom/toilet fittings to be ordered this week.

 

[Gwylan]

Yes but gambling debts are unenforceable in English law.

That's no longer true. That anomaly was changed in the 2005 Gambling Act

Gambling Act 2005 (c. 19)

 

[BensGrandad]

Why is everybody assuming that the man in question is Tony Bloom? I would be very suprised if he had that kind of money to possibly lose as indeed his uncle Ray who sold his coffee shop company, sorry his wifes coffee shop company, with debts of numerous millions I believe. I know of 1 man on the board who could afford to just write off £50m as I am sure others do, as he is one of our biggest unheard of benefactors.

 

[Alex Alex Dawson oo! oo!]

Why is everybody assuming that the man in question is Tony Bloom? I would be very suprised if he had that kind of money to possibly lose as indeed his uncle Ray who sold his coffee shop company, sorry his wifes coffee shop company, with debts of numerous millions I believe. I know of 1 man on the board who could afford to just write off £50m as I am sure others do, as he is one of our biggest unheard of benefactors.

A Board member, or one of the shareholders other than TB?

 

[Beach Hut]

Does this mean that potentially we have one indidual covering perhaps the majority of stadium costs therefore the operating profit of Falmer can service the club and be put back into tangible assets such as players etc.

The reason I ask is at present almost all turnover goes directly into players / wages.

 

[BensGrandad]

A Board member, or one of the shareholders other than TB?




2nd largest individual Shareholder who is not a board member I think.