Well yes

As I've pointed out every time this is discussed - no one simply 'invests' in a football club, and a non-controlling stake is essentially worthless.

Sounds like this is being set up to give him a place on the board in return for a chunk of investment, so he can dip his toes in the water.

If this all goes to plan I'd expect a full takeover.

Shortnof someone stumping up for a full takeover this is the likeliest route towards that.

Posted By: Cardiff Canary on August 22nd 2022 at 10:56:56

Message Thread

One of the resolutions is creating shares to the value of ten million … (NCFC) - loz, Aug 22, 08:01:32
- Someone posted on the pinkun he is supposedly initially investing £10m (n/m) (NCFC) - Jim, Aug 22, 08:08:09
  - I wonder if the timing of this event is significant? (NCFC) - Henclrikus, Aug 22, 11:13:09
- Not seen this yet (NCFC) - JoeyDeacon, Aug 22, 08:04:30
  - Mmm dilution (NCFC) - camcan, Aug 22, 08:07:08
    - The new shares are C preference shares apparently (n/m) (NCFC) - Jim, Aug 22, 09:46:33
      - That's going to be messy (n/m) (NCFC) - camcan, Aug 22, 09:51:44
        
        Why? Maybe I’m oversimplifying…. (NCFC) - SimonOTBC, Aug 22, 12:41:19
    - Two beans and two beans equals (NCFC) - Cardiff Canary, Aug 22, 09:20:34
    - Well if he buys Foulgers 18% and another £10m he will have a decent % (NCFC) - Jim, Aug 22, 08:49:17
      - It certainly feels like there's a shift going on (NCFC) - camcan, Aug 22, 09:16:45
      - I’ve also read that Attanasio is purchasing … (NCFC) - loz, Aug 22, 09:07:25
    - Wouldn’t any dilution take D&M below 50%? (n/m) (NCFC) - jamesward, Aug 22, 08:33:19
      - See above, they are C preference shares so possibly not which is probably the (NCFC) - Jim, Aug 22, 09:51:03
        
        That’s the worry isn’t it ffs (n/m) (NCFC) - loz, Aug 22, 09:54:18
        
        Its a way of bringing in investment but with no dilution of control which` (NCFC) - Jim, Aug 22, 10:07:05
        
        Your insistence that D&M don't want to give up control (NCFC) - Henclrikus, Aug 22, 11:30:34
        
        Probably driven by him tbf (NCFC) - CWC, Aug 22, 11:11:29
        
        Maybe it’s seen as a way Attanassio can earn their trust?? (n/m) (NCFC) - loz, Aug 22, 10:09:01
        
        Well yes (NCFC) - Cardiff Canary, Aug 22, 10:56:56
      - No (NCFC) - Pbullard, Aug 22, 09:42:36
      - Exactly (NCFC) - camcan, Aug 22, 08:51:42
        
        are we now following the ipswich model? (NCFC) - Tombs, Aug 22, 09:17:20
  - Haven’t had my Letter yet but … (NCFC) - loz, Aug 22, 08:06:08

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