EXCLUSIVE: US tycoons in Norwich City investment talks

[PurpleCanary 5,554]

3 minutes ago, Greavsy said:

Agreed Purple. I'm confused where this unprovoked attack came from, hence sought clarification from Essex for his comments.. 

Not sure I'm any the wiser following his reply. 

And one of the main points of such a sub-section would be to do away in this main section with posts such as that, where one of the participants in one of these tedious spats tries to portray themselves as totally innocent by praying in aid the support and approbation of an uninvolved and obviously highly respected third party.

[TIL 1010 4,718]

31 minutes ago, PurpleCanary said:

No, it doesn't sound like a good plan. It would involve a great deal of tedious bureaucracy for the Americans and those with only a small number of shares are generally the ones who have them for sentimental reasons and would not want to sell.

Far simpler to approach the nine (as I make) people (including Foulger) or organisations (including Archant) who have 3000 shares or more, totalling around 157,000, and see how many of them would be willing to sell up.

The expression is ' simples ' Purple and yes i agree with you entirely.

[PurpleCanary 5,554]

3 minutes ago, TIL 1010 said:

The expression is ' simples ' Purple and yes i agree with you entirely.

As Captain Renault says at the end of Casablanca, "This could be the start of a beautiful friendship."

[shefcanary 2,383]

57 minutes ago, essex canary said:

Getting back to the share issue. The Club has 6,751 of it's 6,863 shareholders owning 200 shares or less for a grand total of 75,538 shares. To transfer these to the Americans , at the same time and price as Foulger if that is the plan, would reduce total number of shareholders to 112, give the Americans 28% of the shareholding, other shareholders (who may like some relatively short term assurances) 19% in addition to S&J's 53%. Sounds like a good plan?

I for one wouldn't sell under this plan!  Just saying, and think there would be many like me.  I'll only sell if I have no other choice.  

[ncfcstar 287]

1 hour ago, essex canary said:

Isn't 'independence' a strong desirable feature of fan representation?

I think that is entirely dependent on what the role of that representation entails.

[littleyellowbirdie 2,509]

There's no benefit to the club of existing shareholders selling their shares to someone else, because the club's balance sheet stays the same.

The big benefit would be from a new issue of shares that a new shareholder buys from the club, injecting capital into the club in the process.

[TIL 1010 4,718]

1 minute ago, littleyellowbirdie said:

There's no benefit to the club of existing shareholders selling their shares to someone else, because the club's balance sheet stays the same.

The big benefit would be from a new issue of shares that a new shareholder buys from the club, injecting capital into the club in the process.

Exactly.

[Big Vince 318]

11 minutes ago, TIL 1010 said:

Exactly.

The Socialists won't want any new shares issued as that will reduce their majority holding if they are not the ones buying them. Hence all this talk about deals being done between existing shareholders and the Yankee Doodles in order for them to get a foothold in the club.

[PurpleCanary 5,554]

13 minutes ago, littleyellowbirdie said:

There's no benefit to the club of existing shareholders selling their shares to someone else, because the club's balance sheet stays the same.

The big benefit would be from a new issue of shares that a new shareholder buys from the club, injecting capital into the club in the process.

Of course that is true. That said, buying existing would be a way of Attanasio getting involved in the club, and probably having the right to choose a director, without reducing S&J's holding below 50 per cent.*

My only point was that in that case it would be far better to buy some of the small number of substantial holdings rather than Essex's notion of making offers to thousands of small shareholders.

*Which even a comparitively small acquisition of new shares by Attanasio would do.

[Big Vince 318]

4 minutes ago, PurpleCanary said:

Of course that is true. That said, buying existing would be a way of Attanasio getting involved in the club, and probably having the right to choose a director, without reducing S&J's holding below 50 per cent.*

My only point was that in that case it would be far better to buy some of the small number of substantial holdings rather than Essex's notion of making offers to thousands of small shareholders.

*Which even a comparitively small acquisition of new shares by Attanasio would do.

It all sounds as if the boy Attanasio is going to be fighting against the current incumbents. They are not willing to give any ground and he is trying to force his way in. Why would he want all that aggravation as an outsider with no previous affinity to the club? He might as well just walk away and talk to someone else who is more willing.

[Google Bot 3,256]

38 minutes ago, shefcanary said:

I for one wouldn't sell under this plan!  Just saying, and think there would be many like me.  I'll only sell if I have no other choice.  

What other choice could be placed on you?  Can you be forced to sell and handed what is the expected 'going rate'?

[hogesar 9,615]

Just now, Big Vince said:

It all sounds as if the boy Attanasio is going to be fighting against the current incumbents. They are not willing to give any ground and he is trying to force his way in. Why would he want all that aggravation as an outsider with no previous affinity to the club? He might as well just walk away and talk to someone else who is more willing.

Yep, I'm sure we invited them to Carrow Road, from America, and put them up in a hotel, because we're totally against them getting anywhere near the club.

[The Raptor 1,199]

I've only got a couple of shares. It might be 4 I can't remember! I think I paid £200 at the time.  I like the fact that I'm a shareholder in the club and don't want to give it up unless forced to. However. If I was offered  a silly amount for them. I'd sell on the condition that the buyer invested the same sum in the club. May be a way of the club getting some. I doubt this would happen tho as like others have said it wouldnt be too practical for an investor

[......and Smith must score. 1,332]

15 hours ago, Pete Raven said:

The only Archant employee who looks at this messageboard is me, sorry to disappoint.

Of course Pete......we believe you 😉

[Google Bot 3,256]

Just now, Big Vince said:

It all sounds as if the boy Attanasio is going to be fighting against the current incumbents. They are not willing to give any ground

I think there's hesitation on their part, whereas S&J would possibly be the more willing parties to step down. This seems more about the Americans wanting to test the water rather than dive in head first.

I think S&J are very much thinking about succession and whether this is the right time to leave the club on what they consider a success.  Had some great stabs at establishing us as a prem league club, they've made great money in their investment, and not getting any younger.

[The Raptor 1,199]

1 minute ago, Google Bot said:

What other choice could be placed on you?  Can you be forced to sell and handed what is the expected 'going rate'?

I think that's what happened with man utd. I know it's different with that being on the stock exchange but I think there is a certain % where you have to sell. 90% I've found for the UK but I don't know if  that's only for publicly listed companies

[Naturalcynic 628]

3 hours ago, hogesar said:

Try clicking the attachment to this post, best I can do! 🙂

Alternately, go to: https://find-and-update.company-information.service.gov.uk/company/00154044/filing-history

And look for the Oct 2019 confirmation statement.

 

companies_house_document.pdf 14.57 MB · 0 downloads

Thanks Hoggy.  Found myself, confirming I have the grand total of 10 ordinary shares.  I must find my certificate sometime.

I see Robert Chase still has 300 or so shares, or at least he did have in 2019.

[The Raptor 1,199]

5 minutes ago, Naturalcynic said:

Thanks Hoggy.  Found myself, confirming I have the grand total of 10 ordinary shares.  I must find my certificate sometime.

I see Robert Chase still has 300 or so shares, or at least he did have in 2019.

He's still there holding the strings. CHASE OUT!!

[Nuff Said 5,088]

44 minutes ago, littleyellowbirdie said:

There's no benefit to the club of existing shareholders selling their shares to someone else, because the club's balance sheet stays the same.

The big benefit would be from a new issue of shares that a new shareholder buys from the club, injecting capital into the club in the process.

😱I thought this thread (plus a couple of others) was about what’s the greatest benefit for Essex Canary? 🤪
 

EDIT: and his descendants too of course.

Edited June 7, 2022 by Nuff Said

[Google Bot 3,256]

24 minutes ago, Naturalcynic said:

I see Robert Chase still has 300 or so shares, or at least he did have in 2019.

Now there's a man who could make a profit on a player.  Wonder what he makes of Sargent and Tzolis. 🙂

[BigFish 1,986]

37 minutes ago, Google Bot said:

What other choice could be placed on you?  Can you be forced to sell and handed what is the expected 'going rate'?

 

32 minutes ago, The Raptor said:

I think that's what happened with man utd. I know it's different with that being on the stock exchange but I think there is a certain % where you have to sell. 90% I've found for the UK but I don't know if  that's only for publicly listed companies

Pretty much my understanding, practice is normally to get to the 90% threshold then compulsory purchse the outstanding at the highest price paid in the previous 12 months. Advantage is that the company can then be taken private.

[hogesar 9,615]

37 minutes ago, ......and Smith must score. said:

Of course Pete......we believe you 😉

He meant the only Archant employee who admits to reading this forum, I'm sure 😉

 

[wcorkcanary 4,329]

38 minutes ago, hogesar said:

Yep, I'm sure we invited them to Carrow Road, from America, and put them up in a hotel, because we're totally against them getting anywhere near the club.

Have you not seen through this gesture of appeasement yet Hoggo? It's clear to anyone who  dislikes Delia and Michael that this is all for show and will amount to them increasing their stranglehold on the Club. It's a clever strategy , you have to admit.

[hogesar 9,615]

Just now, wcorkcanary said:

Have you not seen through this gesture of appeasement yet Hoggo? It's clear to anyone who  dislikes Delia and Michael that this is all for show and will amount to them increasing their stranglehold on the Club. It's a clever strategy , you have to admit.

Delia in Vince's eyes:

[Duncan Edwards 2,218]

43 minutes ago, hogesar said:

Yep, I'm sure we invited them to Carrow Road, from America, and put them up in a hotel, because we're totally against them getting anywhere near the club.

I heard that Delia and Michael were so annoyed with Tom for setting this in motion that he hasn’t been allowed on his XBox or to have anything from the sweetie drawer since.

Make of that what you will. 

[The Raptor 1,199]

7 minutes ago, hogesar said:

He meant the only Archant employee who admits to reading this forum, I'm sure 😉

 

He reads it and then trades the gossip on to his colleagues for a pint!

[Pete Raven 276]

2 minutes ago, The Raptor said:

He reads it and then trades the gossip on to his colleagues for a pint!

Now there's an idea! All these years...

[BigFish 1,986]

1 hour ago, BigFish said:

 

Pretty much my understanding, practice is normally to get to the 90% threshold then compulsory purchse the outstanding at the highest price paid in the previous 12 months. Advantage is that the company can then be taken private.

As a template of what could happen I still think that Arsenal under Kroenke fits the bill

https://www.theguardian.com/football/2018/aug/07/arsenal-stan-kroenke-offer-buy-club-outright

Edited June 7, 2022 by BigFish

[BigFish 1,986]

11 minutes ago, hogesar said:

Delia in Vince's eyes:

Actually this fella looks pretty much how I picture @Big Vince

[king canary 7,577]

20 minutes ago, hogesar said:

Delia in Vince's eyes:

One of the right is Delia, middle is clearly MWJ so who is on the left? Webber?