Share Issue.
- Thread starter 3gulls
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Theatre of Trees
Well-known member
It would take time to set up too
- Thread starter
- #4
Fluffster said:
I think that may be something of a red herring put about by the club and their lackies to stop us from pushing for it. In the BISC meeting minutes with the Directors on 30/11/98, the sum was quoted by Bob Pinnock as £200k.
Quote:
"Bob Pinnock reported that he is considering a number of ways to give supporters a financial stake in the club, but the method and timing are both complex. A simple flotation could cost £200,000, a similar sum to what it might raise. However, the club will be pursuing various ideas."
Now they expect us to give them £2.5 million, with nothing in return. And six years later we still have no "financial stake in the club". They cannot be thinking very hard can they?
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,499
1. Who would buy shares in a company with 2million debt and little/no prospect of ever turning a profit? Only a fan of the club, who doesnt expect any actual return, in which case why not simply ask them to donate instead.
2. If shares are listed on a proper market (AIM, LSE) anyone could buy the shares. Once falmers built someone could potentially buy up the club and sell the new ground... is that a good plan?
3. If shares a unlisted they would be virtually impossible to trade, so might as well be debentures/loans instead. In which case, why not ask those interested to donate funds to the club...
4. Leeds was a Plc, that worked well didnt it. No football related Plc has done anything other than loose capital value, except ManU which is kept artificially high due to constant rumour of takeovers.
5. We already have enough arguments over ticket allocations, imagine the squeals of "but i OWN the club and therefore deserve a ticket to Spurs over season ticket holders"
2. If shares are listed on a proper market (AIM, LSE) anyone could buy the shares. Once falmers built someone could potentially buy up the club and sell the new ground... is that a good plan?
3. If shares a unlisted they would be virtually impossible to trade, so might as well be debentures/loans instead. In which case, why not ask those interested to donate funds to the club...
4. Leeds was a Plc, that worked well didnt it. No football related Plc has done anything other than loose capital value, except ManU which is kept artificially high due to constant rumour of takeovers.
5. We already have enough arguments over ticket allocations, imagine the squeals of "but i OWN the club and therefore deserve a ticket to Spurs over season ticket holders"
Stumpy Tim
Well-known member
Considering we couldn't afford the 44k for extra Tottenham tickets, I think 200k is a little too much.
Just accept some players will be sold & ride with the punches
One thing that is encouraging is that Dick did reject a number of offers before letting Currie go. At least our players will not go on the cheap - they will go for their true value
Just accept some players will be sold & ride with the punches
One thing that is encouraging is that Dick did reject a number of offers before letting Currie go. At least our players will not go on the cheap - they will go for their true value
Theatre of Trees
Well-known member
3gulls said:I think that may be something of a red herring put about by the club and their lackies to stop us from pushing for it. In the BISC meeting minutes with the Directors on 30/11/98, the sum was quoted by Bob Pinnock as £200k.
Quote:
"Bob Pinnock reported that he is considering a number of ways to give supporters a financial stake in the club, but the method and timing are both complex. A simple flotation could cost £200,000, a similar sum to what it might raise. However, the club will be pursuing various ideas."
Now they expect us to give them £2.5 million, with nothing in return. And six years later we still have no "financial stake in the club". They cannot be thinking very hard can they?
I've highlighted the bit of the quote that may suggest why it hasn't been done.
Lammy
Registered Abuser
Stumpy Tim said:
I wish I was as confident as you that we will get Cullip's true value
Stumpy Tim
Well-known member
Lammy said:I wish I was as confident as you that we will get Cullip's true value
Well considering he's out of contract in the summer......
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,499
3gulls said:Perhapse that could be countered as being a good way to promote the share issue, by promising holders of so many shares guaranteed tickets etc.
:thud:
Lammy
Registered Abuser
Stumpy Tim said:
Exactely. I think he will go well below his true worth as there is the risk of him going for nowt.
Theatre of Trees
Well-known member
Schrödinger's Toad
Nie dla Idiotów
- Jan 21, 2004
- 11,957
3gulls said:After six years? No wonder this club is going nowhere but downwards!
The process wasn't started six years ago! You're suggesting doing it now, the problems would still be the same - Dick Knight has covered this comprehensively over and over again, we can't afford it right now!
Stumpy Tim
Well-known member
Which affects his value. 200k would be fineLammy said:
The Auditor
New member
Repugnant Toad said:
Or to quote the voice of the few....Dk doesnt want his shareholding diluted for when the big Falmer payout comes
Saint Lennard
Prawn Sarnie Casual
Could we stop Mr Archer buying shares?
Now that would be an interesting dilema for Mr Knight.
Now that would be an interesting dilema for Mr Knight.
Last edited:
Stinky Kat
Tripping
Martin Perry was on fans phone earlier this season and he said a share issue was something they would look into when they get Falmer, i.e. after his pay out!