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Dick Knights shares



AmexRuislip

Trainee Spy 🕵️‍♂️
Feb 2, 2014
33,727
Ruislip
After I bought & read Dick knights book, Mad Man. You get the chance to buy his shares.
After getting an email this morning about the option of buying the shares, it said that to date only 200 people have showed an expression of interest.
I was quite surprised that only a small amount of fans have applied
Surely there could be more fans who want to have a real say in their club. :albion2::albion2:
 


Giraffe

VERY part time moderator
Helpful Moderator
NSC Patreon
Aug 8, 2005
26,459
After I bought & read Dick knights book, Mad Man. You get the chance to buy his shares.
After getting an email this morning about the option of buying the shares, it said that to date only 200 people have showed an expression of interest.
I was quite surprised that only a small amount of fans have applied
Surely there could be more fans who want to have a real say in their club. :albion2::albion2:

That's because most people don't actually believe it will happen AND the amount of shares available is so small that even if you bought them all you wouldn't have any say in the club.
 


Gazwag

5 millionth post poster
Mar 4, 2004
30,093
Bexhill-on-Sea
May real fans don't want to give the club an extra administrative headache :shrug:

or maybe a lot see it as a parting gift from DK to the club and don't want to get involved with the internal politics
 




Goldstone1976

We Got Calde in!!
Helpful Moderator
NSC Patreon
Apr 30, 2013
13,766
Herts
Surely there could be more fans who want to have a real say in their club. :albion2::albion2:

But they won't have a "real say". Firstly, shareholders hand over the management of the club to the Board of Directors (principally the CEO) to run the club on their behalf, so all tactical and just about all strategic decisions will be made by either the full Board or the CEO acting alone. Secondly, those decisions that are made by the shareholders, e.g. capital restructuring, appointment of Directors, appointment of auditors etc., will be made by TB, who owns ~93% of the shares. If you, as a shareholder, vote against a resolution, all that will happen is that a file note is made saying that votes in favour were 93%+ and votes against were 0.001% (or whatever). In terms of having a say (real or otherwise) in how the club is run, owning some shares will make precisely no difference at all. The only thing that will change is that you can attend the AGM, where the resolutions will be put to the shareholders and TB's votes will comprehensively win.

In the event that the club decides to pay dividends in the future (they have to be profitable first [by law], and it's much more likely that they'd spend any surplus on players or pay down loans than return cash to shareholders), there'd be a small income stream. In the event that TB sells the club, the buyer would have to offer to buy your shares at the same price they paid TB. I view a dividend stream as extremely unlikely, and a sale of the club at any time in the foreseeable future as very unlikely.

Finally, it's not a done deal yet. Pre-emption rights etc.....
 






Beach Hut

Brighton Bhuna Boy
Jul 5, 2003
71,907
Living In a Box
It was just a stupid idea to try and sell more books
 










Goldstone1976

We Got Calde in!!
Helpful Moderator
NSC Patreon
Apr 30, 2013
13,766
Herts
It was just a stupid idea to try and sell more books

I'm not convinced that's anywhere close to the top of the list. If it were just a ploy to sell more books, why is he now saying he's going to ask the club whether any existing shareholder wants to buy the shares?

I think it's more likely that his motives were/are in descending order:

1) self-promotion - he was reported in national media as being the man who was going to try to help normal fans have a say in their club - a very media-friendly thing to be associated with.
2) to cause a bit of grief in the club. It's clear that it wasn't all sweetness and light between him and TB when TB came in. This is a small amount of payback.
3) to allow fans to have some shares in the club. I do think this is a genuine motive, though it is disingenuous to say/imply that any buyers of the shares will have a say in how the club is run.
4) to generate a bit of cash - £1/share. At the moment, he has ~£1m tied up in shares in a non-liquid asset. Selling some gives him a bit of liquidity.
5) to sell a few more books

fwiw...
 








Black Rod

Well-known member
Jan 19, 2013
944
I've got enough pointless pieces of paper lying around the house without paying to get another one
 




Lincoln Imp

Well-known member
Feb 2, 2009
5,964
I'm not convinced that's anywhere close to the top of the list. If it were just a ploy to sell more books, why is he now saying he's going to ask the club whether any existing shareholder wants to buy the shares?

I think it's more likely that his motives were/are in descending order:

1) self-promotion - he was reported in national media as being the man who was going to try to help normal fans have a say in their club - a very media-friendly thing to be associated with.
2) to cause a bit of grief in the club. It's clear that it wasn't all sweetness and light between him and TB when TB came in. This is a small amount of payback.
3) to allow fans to have some shares in the club. I do think this is a genuine motive, though it is disingenuous to say/imply that any buyers of the shares will have a say in how the club is run.
4) to generate a bit of cash - £1/share. At the moment, he has ~£1m tied up in shares in a non-liquid asset. Selling some gives him a bit of liquidity.
5) to sell a few more books

fwiw...

This is far too sensible for this thread - can't you just rattle off a couple of one-liners like Beach Hut and Ernest?
 




Beach Hut

Brighton Bhuna Boy
Jul 5, 2003
71,907
Living In a Box
That's odd, because I did not know about the scheme until I got the book. As happened with others I have spoken to.

And the word of mouth bit was for the extra sales
 











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