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Yeah, wouldn't give anything on that basis.
Yeah, wouldn't give anything on that basis.You roughly know what the deal could be.
Effectively money to Sisu in the future from a share of profits gained from player sales and promotion.
Any deal will be based eventually on how much cash up front Sisu will want.
In that respect this thread could just help enable the big investors to gauge what the fans commitment to buying into the club might be.
Hence also the 'realistic' comment at the start of thread.
You roughly know what the deal could be.
Effectively money to Sisu in the future from a share of profits gained from player sales and promotion.
Any deal will be based eventually on how much cash up front Sisu will want.
In that respect this thread could just help enable the big investors to gauge what the fans commitment to buying into the club might be.
Hence also the 'realistic' comment at the start of thread.
Have to say, bonds for that (and even a new stadiumIf fan finance is required and it is not a community share then I like the idea of it being for a specific purpose eg bonds to help fund the building of the academy facilities.
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What was the basis of the original shares in CCFC that fans had?
See, I'm not averse to that model. In an ideal world, you'd maybe limit the total shares one body could have to 20%, so you had four main shareholders plus 20% for fans, and consensus was needed to drive through any policy shifts... but even then, had (in the unlikely event) Richardson not handed his shares over to Robinson, then no one of the four main shareholders held ridiculous amounts of power, and even as above, it would have been theoretically possible to remove RObinson, had the will been there.There were 55788 ordinary shares with a nominal value of 25p each and included in the accounts at 13947 according to the 2007 annual return filed at company house. Each share carried a vote
Craigavon (Robinson entity) had 24290 shares (43.5%)
Derek Higgs 8021 shares (14.3%)
M McGinnity 8021 shares (14.3%)
no other shareholder had over 1000 shares
There were over 700 shareholders in total
The directors controlled 72.1 % of the votes personally so could pretty much do as they liked.
Wouldn't just throw it at them but if I can be convinced it will help and also give me a sense of ownership if only in a bit of paper I'd do it.Then from what has been made public of the second bid I would have serious concerns and probably not invest.
How are ya doing Ken..I would at least want to be on the bench for FA cup games for my 10 pence worth
Would my money be going towards London Wasps as well?
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Clearly a case of i will go where i want to !How are ya doing Ken..
I would happily donate 1k towards a fund to get rid of SISU. Money well wasted. And depending on the plans I would donate more to help us on our way.I think you need to be cautious.
What seems to be suggested here is that the offer to sell shares is made on an individual basis. If you are happy to gift the new owners(whoever they are) £1000 or whatever it is, get a certificate to frame and have no real say other than the right to maybe ask a question at the AGM and to receive a copy of the accounts then do it. To be honest just donate £1000 and forget about it - nothing wrong in that, or the new club could even issue fan bonds but don't dress it up as giving fans any real involvement it isn't. A single shareholder of £1000 is going to find it hard to have any say or hold anyone responsible. It is simply additional finance raising from those who already put a significant amount of money in to the club each and every year. It isn't a strength necessarily, it doesn't actually get you involved, you really don't own much in terms of value, and you can lose it all at the whim of others..... its just a source of funds for the club.
I suppose there is an element of belonging but I would want the fans to have real belonging and a real say if they are going to funding a significant sum
If the fans want an actual voice and influence then the only way to do that is a community share issue. The fans have to group together to have any real voice and to have mechanisms to have their say more than at the AGM. To go through the last 9 years and not gain any proper say in the club future would be quite wrong in my opinion. Currently the SB Trust is set up to pull that together but I am sure others could set something up if the consensus was to not use the SB Trust. Personally I would use them
You should also be clear how funds are being put in to the project by other stakeholders - is it all in shares or is some of it loans. Do the fans pay a premium for their shares that say the consortium members do not.
If fan finance is required and it is not a community share then I like the idea of it being for a specific purpose eg bonds to help fund the building of the academy facilities. That makes more sense to me than just gifting £1000 etc
Final thought please have it clear in your head that when money goes in to a company it becomes mixed with other money there and indistinguishable - which means the money you pay at least in part goes to SISU. So long as you are comfortable with this and the above invest
Personally I wouldn't rule out investment but I would want it as part of a group investment to give the fans a proper say or for a specific project before I did invest say £1000
just my opinion
Like wiseI would happily donate 1k towards a fund to get rid of SISU. Money well wasted. And depending on the plans I would donate more to help us on our way.
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