If he paid less than £25 everyone who bought in 2003 would be upset

If he paid more than £25 then some of the small shareholders potentially would vote against the takeover rule to make him make an offer for their shares too.

The £25 simply increases the “value” of the club by the £4.8m he is paying for the shares. If you bought 4 shares for £100 they are still “valued” at £100 but as they aren’t traded then the “value” in the future if you want to sell is however much you can flog them for!

All that is happening is the proportion of the club that you own is reducing by just under a fifth (as it is around 20% of new shares)

Posted By: Ruttles on September 8th 2023 at 14:36:21

Message Thread

ok the question is (NCFC) - KevinBond, Sep 8, 13:57:47
- How long is a piece of string? (n/m) (NCFC) - usacanary, Sep 8, 16:51:05
- Bout Free Fiddy (n/m) (NCFC) - inutero, Sep 8, 14:54:58
- is it too early to buy Xmas puddings? (n/m) (NCFC) - SCC 28, Sep 8, 14:29:27
- Yes - and there are probably reasons for this. (n/m) (NCFC) - Ruttles, Sep 8, 14:25:35
  - If he paid less than £25 everyone who bought in 2003 would be upset (NCFC) - Ruttles, Sep 8, 14:36:21
    - yeah but he bought Foulger's more than 12 months ago now (n/m) (NCFC) - KevinBond, Sep 8, 14:39:00
- £25 wasn’t it? (n/m) (NCFC) - forzancfc, Sep 8, 13:58:24
  - Chicken feed (n/m) (NCFC) - Ken Dodds Dads Dog, Sep 8, 14:50:06
  - I don't know, that's why I'm asking (NCFC) - KevinBond, Sep 8, 14:33:33
  - Yes (n/m) (NCFC) - loz, Sep 8, 14:32:44
    - source please (n/m) (NCFC) - KevinBond, Sep 8, 14:35:08
      - It's referred to in all the paperwork (n/m) (NCFC) - Cardiff Canary, Sep 8, 14:56:13

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