Ownership

[The Butler 0]

Some where I seem to remember a statement abount "never letting the club fall into one mans hands again"

Can anyone else remember this? If so why is everyone heading like lemmings for the same situation?

 

[CID 0]

Greed,envy,jealousy  - take your pick .With the Bluenoses down the road selling their soul to the Devil it''s understandable that most fans want to have a slice of of some of the dosh ''supposedly'' being offered .And when it''s coming from guy with Yellow & Green blood in his veins ...well, how can it be turned down [;)]

[SWP = Poor Mans Ruel Fox!! 0]

But as I understand it (may be wrong) we are not selling to one man, Cullum wants to be in majority control, not overall control.  He wont be an Abramovich figure owning 100% of the club.

[Syteanric 1]

[quote user="The Butler"]

Some where I seem to remember a statement abount "never letting the club fall into one mans hands again"

Can anyone else remember this? If so why is everyone heading like lemmings for the same situation?

 

[/quote]

erm.. isnt the club alredy in 2 peoples hands?

Lets not get carried away.. the majoirty shareholder of a business is the owner of the company in effect, he/she has the final say, and no one else can do anything about it.

This club belongs to the Smiths.. lets not let the club fall into 2 peoples hands again eh? well it will happen.. because all football clubs are run in this way

jas :)

[NCFC_Shaun 0]

Sorry if this comes across as a rather stupid question. But I dont quite understand from this the chances that this takeover will actually happen. Is it almost definately or no where near complete...?

[The Butler 0]

If you own over 50% then you control. Just as DS and MWJ do now. Thus they can pick and choose what and who and no one can force them into any decision.

[SWP = Poor Mans Ruel Fox!! 0]

[quote user="The Butler"]If you own over 50% then you control. Just as DS and MWJ do now. Thus they can pick and choose what and who and no one can force them into any decision.[/quote]

How much of the club do Delia and MWJ currently own?

[Jim Smith 2,654]

They did say that they would never allow a situation where 1 individual owned more than 50% of the Club so that there would never be a repeat of the Chase situation. Slightly ironic therefore that since making that statement their own shareholding has increased to 62% which gives them control of the club. Ok thats partly as they have converted shares into loans but nonetheless they do now control the club in just the same way they stated they would not allow to happen again.

I would hope therefore that is not the reason why any offer from PC would be turned down.

[Tangible Fixed Assets anyone? 0]

[quote user="Jim Smith"]

They did say that they would never allow a situation where 1 individual owned more than 50% of the Club so that there would never be a repeat of the Chase situation. Slightly ironic therefore that since making that statement their own shareholding has increased to 62% which gives them control of the club. Ok thats partly as they have converted shares into loans but nonetheless they do now control the club in just the same way they stated they would not allow to happen again.

I would hope therefore that is not the reason why any offer from PC would be turned down.

[/quote]

But Chase never had more than 50% holding of the Ordinary shares.

 

[chicken 0]

[quote user="Canary Nut"][quote user="Jim Smith"]

They did say that they would never allow a situation where 1 individual owned more than 50% of the Club so that there would never be a repeat of the Chase situation. Slightly ironic therefore that since making that statement their own shareholding has increased to 62% which gives them control of the club. Ok thats partly as they have converted shares into loans but nonetheless they do now control the club in just the same way they stated they would not allow to happen again.

I would hope therefore that is not the reason why any offer from PC would be turned down.

[/quote]

But Chase never had more than 50% holding of the Ordinary shares.

 

[/quote]Are you sure - else how could he have made all of those decisions?

[chicken 0]

To add to that it doesn''t matter how many shares the majority owner has all they have to have is more than any one other shareholder. The only time that this becomes a problem is when all of the other shareholders decide to go against the decision, if you only own 50% then you are relying on getting one persons shares to help you out. But then that wouldnt be too difficult would it? To get just 1% of the shares to back your decision.Technically speaking Delia and MWJ are joint majority shareholders. So their shares are not even held in one pot, they are two stakes that are unlikely to ever face-off.To me that just makes things easier though. Why don''t Delia and MWJ just sell one of their stakes. He becomes joint majority shareholder and then can buy the 1% from them or someone else.That''s the facts - he doesn''t need to buy 100%, 51% etc. He just needs to buy 51% of the Delia / MWJ share amount to become leading share holder. Infact that way would be better for all. He is marjority shareholder but would rely on the other board members to back his decisions for them to go ahead. Maybe this is what the hang up is about, and the reason the "fans representative" has been put forward as like a sweetener when in reality it could mean very little.

[NCFC_Shaun 0]

[quote] [user="Ipswich Are Scum!"]

Sorry if this comes across as a rather stupid question. But I dont quite understand from this the chances that this takeover will actually happen. Is it almost definately or no where near complete...?

[/quote]

 

hello.. anybody?? [:^)]

[g00se 33]

[quote] [user="Ipswich Are Scum!"]Sorry if this comes across as a rather stupid question. But I dont quite understand from this the chances that this takeover will actually happen. Is it almost definately or no where near complete...?[/quote]It''s been going on for ages and was nowhere near an end - but Cullum''s

PR move this morning has put pressure on Delia to accept. I

would guess this is going to drag on for the rest of the year - maybe

coming to a head at the next AGM around Christmas. But I suppose there

could be a position where Cullum could put some money in if he was to

accept a minority holding in the meantime.

[NCFC_Shaun 0]

[quote user="fleckmatic"][quote] [user="Ipswich Are Scum!"]Sorry if this comes across as a rather stupid question. But I dont quite understand from this the chances that this takeover will actually happen. Is it almost definately or no where near complete...?[/quote]

It''s been going on for ages and was nowhere near an end - but Cullum''s PR move this morning has put pressure on Delia to accept.

I would guess this is going to drag on for the rest of the year - maybe coming to a head at the next AGM around Christmas. But I suppose there could be a position where Cullum could put some money in if he was to accept a minority holding in the meantime.
[/quote]

 

oh great. so basically its not going to happen for ages and all this hype is for nothing... cheers anyway [Y]