Standee wrote:When you put cash into a building society the BS gives you interest on your balance, they then use the pooled investments to form the basis (to a certain extent) of their loan provision, therefore as an invester you are implicitly linked to the profitability of the organisation.
A season pass holder isn't investing, you are simply paying up front for games to attract a discount, your money is uesd as operational capital for the club.
Close but no cigar. Building Societies are mutual organisations, "owned" by their members (Investors and borrowers), who are each deemed to own a share in the society (they used to be called share accounts). Demutualisation (flotation), means that the society becomes a company, with "proper" shares which are quoted on the stock exchange. Former members are given a share allocation to compensate them for the loss of their share in the mutual organisation.
Hull FC are already a company, hence the purchase of a service from them does not confer any rights to ownership
Big Dave T wrote:Debt gone, money into the club. Fans get chance to have a real voice and make decisions.
From a directors point of view you get your loan back (substantial)
Makes it a more attractive business to sell your share.
Negative point would be that a lot of uneducated stupid people would also get a chance to vote for what they want to happen with the club. Hopefully we would have more sensible people to out vote these!
Is Big Dave T calling Hull fans "uneducated stupid people"?.
You didnt go to school with Paul Cooke did you Dave? lol.
Joined: Apr 02 2003 Posts: 8463 Location: west of west hull
issuing shares would solve all the clubs problems. the couple of grand theyd raise would be ploughed into the signign of lockyer, the 100 people who could be bothered to buy in would have a huge impact on the running of the club due to their minuscule voting rights and subsequently north london will become a fine area to visit and live in.
more realistically a few deluded saddos would be able to go to an agm and have absolutely no power over what goes on, whilst wasting perfectly good money ina company thats going nowhere in a hurry
The Independent (May 2007) wrote:Today the east [of Hull], which contains the biggest council estate in Europe, is poor, a place of high unemployment and low expectation. The west, which has the city centre and the university, is posh and prosperous.
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