SUFC: The Future SUFC up for sale

[fbm]

So true.
Ideally we want him gone but first and foremost if he's not the majority shareholder then the club immediately has a battery recharge and new direction. Once his ownership is removed, his remaining shares can be reduced to get him out.

Or we could just focus our energy on the positive of the club having a new majority shareholder and just leave him with the shareholding he has. It's no-ones business where he invests his money.

Plus no-one will ever have to talk about him ever again.

 

[Napster]

Please could you give it a little rest for a while Its been nice to have had a little period without speculation which winds up many7 members I wondered how long it would be before3 it got going again. The trojan horse has left, the its happening today type stuff has become a real irritant, please, please, please, dont encourage anymore

The Joshi Boy Crate double act is getting waring

Marcus Waring - the chef? Is he involved now? This is fun

 

[Barry.C]

Or we could just focus our energy on the positive of the club having a new majority shareholder and just leave him with the shareholding he has. It's no-ones business where he invests his money.

Plus no-one will ever have to talk about him ever again.

Do we think if Ron was still there and say possessed a 25% holding he wouldnt have any influence ?

Personally I would be surprised

I dont want Ron and his malignant influence anywhere near my club

 

[fbm]

Do we think if Ron was still there and say possessed a 25% holding he wouldnt have any influence ?

Personally I would be surprised

I dont want Ron and his malignant influence anywhere near my club

What influence do you think he can have then?

He can't win a vote.

He'll have as much influence as the people who own the other 30% of the club have at the moment, which is precisely **** all.

EDIT - He owns 70%, so if he sells a controlling interest of 51% the maximum left is 19%. Nothing for anyone to worry about.

 

[Barry.C]

What influence do you think he can have then?

He can't win a vote.

He'll have as much influence as the people who own the other 30% of the club have at the moment, which is precisely **** all.

I take your point but Im not sure

The other 30% as we know are a large conglomerate of well over a hundred members. Ron said he definitely was going
If one person held 25% would they qualify for a board position?? What would be the rules?. Should their views be taken into account as an owner albeit of a quarter of the club. What would the innocent Ronnie expect in return for his silent 25%

As I said not sure how this would really pan out ,, but would feel a lot happier if Ron was completely out oif the picture. With him still thete in any way feels like a dark cloud hanging

 

[bazzashrimper]

If we had Ron remaining on the board then that would finally be the seat for the fans

 

[L0311 Liberty Shrimper]

In 1046 pages has anyone ever mentioned the leasehold of the Roots Hall site?

 

[Yorkshire Blue]

I take your point but Im not sure

The other 30% as we know are a large conglomerate of well over a hundred members. Ron said he definitely was going
If one person held 25% would they qualify for a board position?? What would be the rules?. Should their views be taken into account as an owner albeit of a quarter of the club. What would the innocent Ronnie expect in return for his silent 25%

As I said not sure how this would really pan out ,, but would feel a lot happier if Ron was completely out oif the picture. With him still thete in any way feels like a dark cloud hanging

Owning 25% doesn’t qualify you for a board position but commonly you will see minority investors offered board positions as part of the deal.

This isn’t anything to be concerned by. How much influence have other directors had on proceedings the last few decades?

Ps I expect it to be a deal for the holding company shares rather than SUFC shares. So Ron will, I suspect, own no SUFC shares but will have a minority stake in the company that owns SUFC.

 

[CRATE]

The shares RM owns 70% will go up, prior to any investment / purchase. They have to. With voting rights and other bits any investor or purchaser will want, they will want a minimum of 75% shareholding.

RM can easily do a share dilution around the debt he holds in the club to make this happen. If it’s purely an investment, then I’d expect RM to be holding a very minimal / peppercorn amount of shares.

 

[Yorkshire Blue]

In 1046 pages has anyone ever mentioned the leasehold of the Roots Hall site?

Yes but the deal publicly offered by Ron was for the freehold.

 

[overseas shrimper]

In 1046 pages has anyone ever mentioned the leasehold of the Roots Hall site?

Why don't you read through the pages to find out? Some people are so lazy!

 

[Amwell Blue]

So if Ron sells half his shares it'll cost 50p

 

[L0311 Liberty Shrimper]

Yes but the deal publicly offered by Ron was for the freehold.

My understanding of property matters is limited to say the very least. So he is offering the soil of Roots Hall for 4 million? When there could be 600 odd flats priced (let's go conservative) at 200,000 each?

 

[yogi bear up the cagire]

Marcus Waring - the chef? Is he involved now? This is fun

Will that, at least, ensure we have onions in the burgers?

 

[hlane17]

Marcus Waring - the chef? Is he involved now? This is fun

Chef? Is this a sign?

Yevgeny Prigozhin takeover confirmed

 

[hlane17]

So if Ron sells half his shares it'll cost 50p

In order to enter into a contract (in this case for a sale) I believe the transaction has to be £1 minimum.

 

[L0311 Liberty Shrimper]

My understanding of property matters is limited to say the very least. So he is offering the soil of Roots Hall for 4 million? When there could be 600 odd flats priced (let's go conservative) at 200,000 each?

@CRATE you've liked my post. Why would Martin do this?

 

[fbm]

The shares RM owns 70% will go up, prior to any investment / purchase. They have to. With voting rights and other bits any investor or purchaser will want, they will want a minimum of 75% shareholding.

RM can easily do a share dilution around the debt he holds in the club to make this happen. If it’s purely an investment, then I’d expect RM to be holding a very minimal / peppercorn amount of shares.

I'm not sure I understand what you mean.

When you say the shares will go up, that usually means the price. But there is no market for these shares and no one can set the price. Can you explain what you meant?

And 70% is 70% no matter how many times he dilutes the shares. Unless other investors own shares on behalf of Ron as nominees, he can only ever sell what he has. So how does he effect a dilution to get 75%?

 

[fbm]

My understanding of property matters is limited to say the very least. So he is offering the soil of Roots Hall for 4 million? When there could be 600 odd flats priced (let's go conservative) at 200,000 each?

There will almost certainly be an overage clause thst will give Ron a percentage of the development profit.

 

[CRATE]

I'm not sure I understand what you mean.

When you say the shares will go up, that usually means the price. But there is no market for these shares and no one can set the price. Can you explain what you meant?

And 70% is 70% no matter how many times he dilutes the shares. Unless other investors own shares on behalf of Ron as nominees, he can only ever sell what he has. So how does he effect a dilution to get 75%?

He holds enough debt on the balance sheet, that he could take his shareholding as high as he wants to. But absolute fact, a debt restructure will need to take place and RM or new owners shares be above 75% for it to work