Bluedell
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Posts
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Everything posted by Bluedell
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Correct. The club could not actively promote it for legal reasons, which included giving access to databases etc but they were happy for the RST to go ahead with it, including giving them access to the stadium.
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Al Capone was also convicted of tax evasion. Would you equate everything he did to Dave KIng?
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I'm not sure that's a fair comment. Under Gersave the club legally could not promote it, but were certainly sympathetic towards it, particularly initially.
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I genuinely can't remember. I didn't see the whole thing. Just the relevant section.
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The part of the letter that I've seen did say TBB was banned.
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I may be wrong but was that quote from UEFA not made before their appeal? From memory the subsequent letter from UEFA clearly stated the song had to be banned.
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Buying a season ticket is a product which you do not get any return on. Making an investment is different, as GS says. King didn't spend any of the £20m, the club did. He did lose his £20m. -
26th April is probably the one Saturday in the next 6 months that I can't make it.
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So was the authorised share capital of the company changed post-IPO?
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Not met him yet but reckon I've met 15 members (members >50 posts).
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That doesn't actually answer any of the questions that I asked in the post that you quoted. Unissued shares don't, by definition, exist. Are they still included in the authorised share capital of the company?
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IIRC the oldco shares that the RST got were available to them because of a specific resolution passed at the time of the share issue, which allowed the club to allocate them subsequently. If the resolution was not passed at the time of the IPO then it probably wouldn't matter whether there were unissued shares or not. The board would not have the ability to issue them to the RST anyway.
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So you are saying that the authorised share capital of the company was changed after the IPO? Would that not require an ordinary resolution at an AGM and Companies House to be notificed? Or are you saying that the shares available at the time of the IPO are no longer available but are still included in the authorised share capital of the company?
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I don't see any reason to think that will be the case. We had a great performance in the cup v Motherwell (?) last season only for standards to drop in subsequent matches. I think that the players will continue to raise their game in cup matches, but don't see it happening on a regular basis in the league, although I hope I'm wrong.
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Yeah, impossible to come up with an answer that satisfies everyone. It's frustrating as I said but I'm sure you all feel the same.
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Speak for yourself.
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Willl go whenever it's on so have not voted.
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Depending on how many there were, we may be able to get something like the curtained off bit in Satty's, for example, even at a w/e. It could probably take around 15 of us.
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What do mean" forfeited"?
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I'd say 40 would be too many. It becomes too impersonal and it would be difficult to meet everyone, plus I doubt we would get that many anyway. 15-20 is probably more realistic, but I'd be happy going along just with those who have already said yes. Quality rather than quantity!
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Why's that? Not all the shares on offer at the IPO were subscribed for.
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We are not in the position to think that £60K is a drop in the ocean and it's better in the club's hands than a faceless shareholder's. I wasn't referring to a share issue. It's possible for there to be a mechanism for unissued shares from the last share issue to be issued. It was done when the RST's Gersave payment was made. It would need the club to do it and it's probably too late now, so outside of the RST's control. Another option is to hold onto the cash at the moment, waiting for the next share issue, which many are saying will happen in the near future.
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I've mixed feelings about this. It's good that more shares are in the hands of the support, but it's frustrating to think that none of the cash spent on the shares goes to the club and it's therefore of no financial benefit to the club.
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Great idea, and I'd be up for coming along.
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Rest of the article: “For example, if a member goes into administration while playing in League Two then where would we put them? “Also, if a club wins promotion and then suffers an insolvency event, do we simply refuse to promote them or do we relegate them from the division which they have just been playing in? “Because of that it was decided to persevere with the current system, which sees clubs handed a 15-point penalty for entering administration and 25 points if it happens again within a five-year period.” It has also been agreed that, in future, the SPFL Board will have the sole responsibility for adjudication regarding clubs who might face liquidation. “It will be down to the board to determine any conditions for a transfer of membership if a club is liquidated and attempts to go down the newco route,” said the source. “That may include any new owners posting a bond for security.” Hearts, bottom of the Premiership, are optimistic that they will shortly be in a position to exit administration. Dave King, a former director of Rangers— who suffered both administration and liquidation in 2012 — claimed on Monday that the League One leaders will run out of money next month.