jamie the seagull
Well-known member
- Jul 27, 2011
- 2,803
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Club Statment - how does this affect club?
- Thread starter jamie the seagull
- Start date
Ernest
Stupid IDIOT
How does that affect Dick Tight's shares ?
Superphil
Dismember
Just shy of a couple of weeks of CMS's wages covered, not to be sniffed at.
Psychobilly freakout
HellBilly
As supporters and board members for many years, four of Brighton & Hove Albion's non-executive directors have decided to buy shares in the football club.
The board agreed the best way for the investment to be made was for the non-executive directors to each purchase newly issued shares ensuring their investment directly benefits the club.
Robert Comer, Adam Franks, Peter Godfrey, and Marc Sugarman have each purchased 5,000 shares. As per company law requirements, they have paid the nominal value of £1 per share.
Chairman Tony Bloom said, "All four non-executive directors wanted to reinforce their commitment to the club and each brings their own individual expertise and experience as valued members of the club's board.
"These investments in the club now means that all of our non-executive directors – including Ray Bloom and Derek Chapman – are now shareholders in the club ensuring our club complies with best practice corporate governance standards.
The board agreed the best way for the investment to be made was for the non-executive directors to each purchase newly issued shares ensuring their investment directly benefits the club.
Robert Comer, Adam Franks, Peter Godfrey, and Marc Sugarman have each purchased 5,000 shares. As per company law requirements, they have paid the nominal value of £1 per share.
Chairman Tony Bloom said, "All four non-executive directors wanted to reinforce their commitment to the club and each brings their own individual expertise and experience as valued members of the club's board.
"These investments in the club now means that all of our non-executive directors – including Ray Bloom and Derek Chapman – are now shareholders in the club ensuring our club complies with best practice corporate governance standards.
saafend_seagull
Well-known member
Probably was advised by mazars, as per the last sentence of the article.
Not Andy Naylor
Well-known member
£1, eh? Not 1p ...
Psychobilly freakout
HellBilly
aaahh but it gives them opportunity to withdraw a Brucey bonus....
Mackenzie
Old Brightonian
They'll need four new chairs in the boardroom.
Psychobilly freakout
HellBilly
Heated ?
So the club have admitted the shares are worth a pound. I wonder if DK will give it another go at selling his as the club are going to struggle to convince an auditor his are worth less.
Psychobilly freakout
HellBilly
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,315
its only a nominal amount. i have a company registered with share captial of 100 x £1 shares. the company is not worth £100, unless perhaps someone desperately wanted to use the company name (they wont
). this is just a tidy up so that all directors are shareholders, limiting any liability.ees complicated no?
New member
The Sugarmans are family friends, they're life long brighton fans, along with good friends of the blooms and most of all very wealthy so I can see some more investment coming in.
GOM
living vicariously
Not really, they were already directors, nothing has changed except they now have shares.
fat old seagull
New member
I haven't a clue what this is about. Clearly nothing to do with the £20,000, which is peanuts in footy terms. This must be because the club have realised there is some administrative or fiscal advantage to do so.
Bit miffed I never got asked
Bit miffed I never got asked
AZ Gull
@SeagullsAcademy Threads: @bhafcacademy
Yep, the nominal value of the shares in the company, and the rate at which ALL new shares would be (and have been) issued at.
Of course, that £1 has absolutely nothing to do with the current market value of the shares, as I'm sure an intelligent man like yourself fully knows.
But it is good of Dick Knight's ghost-writer to ensure that we fully appreciate the nominal amount paid.
HenryC
New member
Could it be something to do with a future sale of the club?
Tom Hark Preston Park
Will Post For Cash
- Jul 6, 2003
- 70,242
Maybe, but probably not for personal gain tho eh? With a £5000 stake in the club, you're hardly going to get uber-rich, even if the value of the shares doubles. Got to be small change to the people involved.
one club. One amphibian.