clippedgull
Hotdogs, extra onions
Labour Manifesto:
Interesting proposal!
Interesting proposal!
Got something to say or just want fewer pesky ads? Join us... 😊
Sack the Board or at least two of them (coming to a club near you) if Labour govern
- Thread starter clippedgull
- Start date
Megazone
On his last warning
Good idea.
glasfryn
cleaning up cat sick
cue a poll coming up as to which two then?
BensGrandad
New member
What a load of s..t if I had put money into club why should I have to sell it to a nobody. If I wanted to sell it would be to the best offer if I needed the money or to person I thought could do the job not a person who is popular with a certain clique.
Mackenzie
Old Brightonian
BensGrandad
New member
Just to upset a few, Greg Stanley suggested I join the board as a fans rep under Brian Bedson and the answer he received was "show us the colour of his money and he can". I must point out before anybody jumps that was when my stocktaking company did work for GS and long before Archer was on the scene.
father_and_son
Well-known member
??
It doesn't say the owners "have" to sell the club, it just says "when" the club changes hands, shares must be made available. The sale price for those shares will (as is normally the case in a takeover/transfer) will be set in agreement between the existing shareholders and the new [majority] owner. Selling 1,000,000 share to Joe Bloggs at £10 each raises exactly the same as selling 990,000 shares to Joe Bloggs and 10,000 to Joe Public at £10 each.
As always the devil will be in the detail but I imagine that the complexities of a modern sports business will make this a pointless exercise. No mention of whether the shares have to carry voting rights, whether any subsequent dilution of the shares will require compensation or a rights issue, whether indeed the shares will be in the club (as normal people understand it), athe Holding Company or some worthless subsidary of the Holding Company. At best the fans will have a nice piece of paper telling them they own a miniscule part of the club.
BensGrandad
New member
Why would somebody buying Aston Villa want to reduce their holding and power over any decisions they may wish to make by allowing a minor shareholder with less money at risk to have a say in the runnning of the club.
Philzo-93
Well-known member
Yeah like FIFA won't put a stop to that!
BensGrandad
New member
So they should. He who pays the piper calls the tune.
martin tyler
Well-known member
- Jan 25, 2013
- 5,844
The question that really needs to be asked is what is the point?
Even if 2 people are put on the board the clubs other directors who are most likely going to be appointed by the owner will still dictate decisions that are made.
Also why make shares available? Unless a certain quantity are going to be made available than all that will happen is the new owners will oversee a compulsory purchase of all shares that they did not buy originally
Whole thing seems a bloody pointless exercise and a stupid idea
Even if 2 people are put on the board the clubs other directors who are most likely going to be appointed by the owner will still dictate decisions that are made.
Also why make shares available? Unless a certain quantity are going to be made available than all that will happen is the new owners will oversee a compulsory purchase of all shares that they did not buy originally
Whole thing seems a bloody pointless exercise and a stupid idea
BensGrandad
New member
True
Exactly, complete waste of time. Either demand that our clubs are owned under the German model (50+1 to the the members/fans) or just do not bother, 'some' shares being 'available' means nothing, as does fan representation on the board.