Full bid details

[Melton Fox]

Connolly.

Exactly, sell a player for (x) million, and stil £120,000 down

 

[Real Sharapova]

Exactly, sell a player for (x) million, and stil £120,000 down

But fans were asking the club to " speculate to accumulate ", which meant having one of the biggest wage bills in the division. Quite patently it didn't work, but they would have been hung, drawn and quartered if the had really taken an axe to the wage bill. Also remember there was outlay at the time on Fryatt and Hume.

 

[Chrysalis]

The full bid details can be found here.

It is too long to include in a single post. :icon_sad:

umm if I read that right he hasnt brought shares of any of the old shareholders but instead the club has issued 19million new shares so he then owns in excess of 75% of the new total amount of shares.

So all the current shareholders still exist.

Someone please correct me if I am wrong, so the 9million isnt a loan and its a share rights issue which in turn has devalued the current shares.

 

[Feriol]

on the subject of opperational losses, those figures refer to income against expence for that period. they don't account for money in the bank, or whatever prize money recieved at the end of a season for final league position.

while i'm not suggesting we made a profit, i don't think we can be sure how much 'debt' those losses would have incurred, or how the accounts would look at the end of the season.

We needed investment to progress, but that doesn't mean we would go bust.

 

[Real Sharapova]

umm if I read that right he hasnt brought shares of any of the old shareholders but instead the club has issued 19million new shares so he then owns in excess of 75% of the new total amount of shares.

So all the current shareholders still exist.

Someone please correct me if I am wrong, so the 9million isnt a loan and its a share rights issue which in turn has devalued the current shares.

You are right, but he has put in place irrevocable options to purchase the other shares, so in effect he holds all the shares bar those who have yet to accept his offer, and as he is over the 90% level can buy the remaining shares if he so wishes.

 

[fcukcov]

You are right, but he has put in place irrevocable options to purchase the other shares, so in effect he holds all the shares bar those who have yet to accept his offer, and as he is over the 90% level can buy the remaining shares if he so wishes.

do we know who the remaining shareholders are?

i couldnt see it in the document but I didnt read it all.

 

[Leigh]

James Johnson
Roger Moore
Celia & Richard Mackay

Possibly

 

[fcukcov]

James Johnson
Roger Moore
Celia & Richard Mackay

Possibly

why those? and certainly why JJ. He didnt want to have anythign to do with the new takeover or is that the reasoning behind why he may not have sold?

 

[Leigh]

Only said those as they're the ones on the shareholder list posted here but not listed in the bid document. The shareholder list was from 05 though, so they might have left/sold between then and the bid.

Couldn't tell you why they don't want to sell, although JJ's recent interview gives his motive.

 

[fcukcov]

Only said those as they're the ones on the shareholder list posted here but not listed in the bid document. The shareholder list was from 05 though, so they might have left/sold between then and the bid.

OIC:icon_wink

 

[Wizard_of_the_Dribble]

25 m would be about right if he assumes the stadioum debt and with the final 9m he will pay for the club. So maybe bill wasnt that far off?

Let's get this straight. MM is not taking on the debt for the stadium, that lies with the company - as it did with the previous Board.

If it all goes pear shaped under MM he wouldn't be liable for any of the clubs' debts personally. Teachers would be left to count their loses just as Birse were when we went into admin.

The Mockery fell for the £25m figure at the outset becuase they didn't check their facts & couldn't back down & have peddled this myth ever since.

It's obvious now we needed MM's cash desperately & a significant proportion of the inital £4.5m will go to offset the other debts the club has.

 

[Melton Fox]

Great, yet another condescending post from somebody who appears to know everything :icon_roll

Why am I the only one who doesn't know the full story

 

[Wizard_of_the_Dribble]

Great, yet another condescending post from somebody who appears to know everything :icon_roll QUOTE]

Not meant to be condescending, just factual :icon_wink

 

[Melton Fox]

Great, yet another condescending post from somebody who appears to know everything :icon_roll QUOTE]

Not meant to be condescending, just factual :icon_wink

Well, I hope so, it would make a nice refreshing change to have some facts.

Where have you been for the last 4 months, you could have saved our keyboards :icon_lol:

 

[Boy Genius]

Let's get this straight. MM is not taking on the debt for the stadium, that lies with the company - as it did with the previous Board.

If it all goes pear shaped under MM he wouldn't be liable for any of the clubs' debts personally. Teachers would be left to count their loses just as Birse were when we went into admin.

The Mockery fell for the £25m figure at the outset becuase they didn't check their facts & couldn't back down & have peddled this myth ever since.

It's obvious now we needed MM's cash desperately & a significant proportion of the inital £4.5m will go to offset the other debts the club has.

so feckin what. All I am bothered about is the same as MM is bothered about and to get into the premiership. All this bollux about who owns what debt is getting boring.
We are much better off this week than we were last week and thats all what matters to me. I go to watch the team play and want to watch a GOOD team, anything else is not my problem

 

[Melton Fox]

If it all goes pear shaped under MM he wouldn't be liable for any of the clubs' debts personally.

Do you mean like every limited company in the land, or is there a special dispensation which protects him even more than most business owners?

 

[Jeff]

Do you mean like every limited company in the land, or is there a special dispensation which protects him even more than most business owners?

But some of the reporting has suggested that MM is risking £17 million of his own money on the stadium debt, which he isn't.

 

[Dunc]

But some of the reporting has suggested that MM is risking £17 million of his own money on the stadium debt, which he isn't.

Never let the facts get in the way of good propaganda.

Its obvious that the majority don't care about the detail, its the dream thats been rekindled thats more important to people, regardless of the massive implications of failure.

 

[homer]

Never let the facts get in the way of good propaganda.

Its obvious that the majority don't care about the detail, its the dream thats been rekindled thats more important to people, regardless of the massive implications of failure.

As opposed to the massive implications of failure under the previous regime :icon_roll

 

[Dunc]

As opposed to the massive implications of failure under the previous regime :icon_roll

I wasn't having a go at the fans (for once) its just the way it is.