Fc Til I Die 316 wrote:surely if they are their own shares whats to stop em selling em?...must admit i havent read the full thread so its just logical to me if you own shares in whatever...and you wanna sell em you can...its just a case of who you sell em to?
I didnt say they couldnt sell them. I just said their shares are seperate to their directors loans been paid off.
If im a director i may be given a percentage of the 1million kept for directors.
The other 1 million that are sold have just been created and are owned by the club not the existing shareholders.
The club sell the extra 1million shares which pay the directors their loans back. Everyones happy? The shareholders have a smaller percentage in the club i suppose but financially i dont see how they are worse off.
Because, by increasing the number of shares, you devalue the ones already in existence.
If a company is "worth" £10 and has 10 shares, each is "worth" £1, you then 'create" 10 new shares and sell them for £1 each, and pay off loans using the income, the company is still "worth" £10, but now has 20 shareholders.
Standee wrote:Because, by increasing the number of shares, you devalue the ones already in existence.
If a company is "worth" £10 and has 10 shares, each is "worth" £1, you then 'create" 10 new shares and sell them for £1 each, and pay off loans using the income, the company is still "worth" £10, but now has 20 shareholders.
Yeah i understand that, but without 1 million pound of debt the company is effective worth more (double), so the shares would remain their value wouldnt they?
Big Dave T wrote:Yeah i understand that, but without 1 million pound of debt the company is effective worth more (double), so the shares would remain their value wouldnt they?
It's not as simple as that, remember FC have no assets either. (Well, Hutchie seems to think we own the School on Gordon Street, but lord alone knows when we bought it if so)
Standee wrote:It's not as simple as that, remember FC have no assets either. (Well, Hutchie seems to think we own the School on Gordon Street, but lord alone knows when we bought it if so)
Isnt the asset a profitable SL franchise woth a lot of money? Tangible assets would be contracted players would they? (not great i know)
Big Dave T wrote:Isnt the asset a profitable SL franchise woth a lot of money? Tangible assets would be contracted players would they? (not great i know)
Contracted players, we don't have many!
SL Franchise, we haven't got one yet.
Also, as a businessman, I would not want to sell shares to customers, it makes no sense.
Big Dave T wrote:Dont all companies? I own shares in lots of business that i have become interested in as a customer. Cant you be both?
Large corporations that float a small stake, you are talking about floating £1m worth, probably a good %ge of the club. And people want the shares because they want to have a say, buying shares in business is purely money driven.
you can't really compare a commercial floatation of a consumer corporation to selling a shareholding to fans.
Standee wrote:Large corporations that float a small stake, you are talking about floating £1m worth, probably a good %ge of the club. And people want the shares because they want to have a say, buying shares in business is purely money driven.
you can't really compare a commercial floatation of a consumer corporation to selling a shareholding to fans.
in my mind the float would be 50% or 49% of the club. This would allow the fans to be involved but the board can still pull rank on decisions.
Big Dave T wrote:in my mind the float would be 50% or 49% of the club. This would allow the fans to be involved but the board can still pull rank on decisions.
Agree with your last point though to some extent.
Being dispassionate for a moment, do you really think having fans as shareholders would add value at all, and what would that value be?
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