shares

[Fox Talbot]

STAR's shares were I think donated to them so there would be no financial downside.

STAR is an independent body (no one from RFC votes on what STAR can do). Owning shares allows STAR the opportunity to express that independent voice in an important forum that would be reported on - so there is a potential PR value.

I guess STAR would only do that over crucial issues like club ownership rather than moan about the price of beer - - which is something they may do in a different forum.

[Fox Talbot]

Let's use an analogy - why don't people going into dragons den just buy back the shares from the dragons for a nominal fee once they've made their investment?

I just can't believe you've got the facts right here.

My understanding is that if you own 90% of the shares of a company you can compulsorily purchase the remainder. I don't know the formula for calculating the value but I do recall some bloke at Coventry City being very arsey about it when it happened there recently.

The rationale is presumably that small sharehoders are an inconvenience, costly to administer and at less than 10% have no chance of influencing the business anyway.

[Fox Talbot]

You're basically saying JM is in a position where he can sell shares, then buy them back at any point for an amount he chooses.

Damn right that's a mugs game - and I'm amazed it's even legal.

Not quite.

If he sold so many shares that he didn't still own 90% he couldn't use this mechanism.

And I think the price is set by law / convention / companies act / something rather than the 90% owner - but I'm not sure on that point.

And of course anybody buying small amounts from him would be nuts. And as Sun Tzu says he is a buyer not a seller of these shares.

[boycey]

You can buy shares in the club anyway.

where and how?

off someone who wants to sell...

They aren't publically listed so you can't go to a stockbroker and they rarely become available (and if they do JM tends to snap them up) but by word of mouth you do hear of them up for sale and i know people who have acquired them. STAR are one of the biggest shareholders I believe (rather skewed by the fact that JM owns 99% so you don;t need many to make the top 10 !

So realistically it is very hard to get shares, but it can be done.

There will never be a wider release of shares while JM is in charge.

with all due respect, what the c0ck are you on about???

[RoyalBlue]

Let's use an analogy - why don't people going into dragons den just buy back the shares from the dragons for a nominal fee once they've made their investment?
.

Probably because the Dragons are able to ensure that the share capital etc. is structured in the right way.

[STAR Liaison]

^^ same. And if STAR own shares in the club aren't they compromising their position somewhat?

I am not sure what you think STAR's position is if owning shares in the club we support is a compromise. We currently have 7 objectives and the fourth on the list is:

to acquire and hold shares in the Club or any company controlling the Club and to be an active and growing shareholder thus giving supporters collectively the opportunity to have a stake in the Club

Supporters Trusts as a whole have the ownership of their clubs as a major objective and some trusts not only own some shares but the majority and run their clubs, usually when the club runs into money troubles and the club would otherwise disappear but not always.

[Sun Tzu]

with all due respect, what the c0ck are you on about???

Without any respect, read it and work it out... it's not hard !!

[Sun Tzu]

Let's use an analogy - why don't people going into dragons den just buy back the shares from the dragons for a nominal fee once they've made their investment?

I just can't believe you've got the facts right here.

I think he has the facts right, it's your understanding that is wrong !

Company law has rules about what happens when an individual holds a certain % of shares in a company. Given the level of JM's holding he would (IIRC) be entitled to buy the outstanding shares (which are pretty much worthless anyway) making it a private company.

He can't issue a load more shares, take the money and then force the buyers to sell for less than they paid. Apart from anything else no one would buy, and he'd dilute his own holding anyway.

[Sun Tzu]

I have never, in 25 years, heard by word of mouth about shares in RFC for sale

Maybe we could ask people that a reinterested in selling shares to post on HNA?

Anyone who owns shares will have a list of people as long as your arm waiting to buy them ! I've only ever heard about the odd sale after it has happened and no one is ever going to have to sink to the depths of advertising on HNA to find a buyer...