Foxes_Trust
Active Member
That's not true. Two or three shareholders, who between them hold more than 10% of the shares of a company, could prevent a purchaser obtaining the 90% of shares which would allow him to have an automatic right to buy out the other 10%. If a purchaser was only interested in owning 100% of a company, the dissent of these two to three shareholders would effectively block the sale.
Therefore if MM is only interested in owning 100% of the club, there are various combinations of 2 or 3 shareholders who could prevent him doing so.
True, under the assumption that 100% is still being sought however if it wasn't........