pmu 0 Posted April 14, 2014 Share Posted April 14, 2014 If folks just hold back on renewals for now. If there is few renewals by the set date then the board will panic and have to give more info and fans hand will be stronger. Don't think the only way to play this is handing your cash to richard gough trustee, just yet. If losing "a seat" is to much to handle then be happy with the future, whatever it looks like, from your favourite chair... 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted April 14, 2014 Share Posted April 14, 2014 Imagine if the club lost Ibrox and it became the property of this new trust. How would the new owner of Ibrox manage to pay overhead costs and bills for essential maintenance work? What if the club became extinct? What if it struggled on and played out of a rented Hampden instead? Does anyone know how this security idea actually works? Obviously the UoF don't. 0 Quote Link to post Share on other sites More sharing options...
Hildy 0 Posted April 14, 2014 Share Posted April 14, 2014 Aye, but, if we own the club and it needs £10m worth of repairs for Ibrox to get a safety cert, how do we do it? We pay it or suffer the consequences. Real life continues after fan ownership, but a hundred thousand members would not be as intimidated by a large bill as the five or six thousand guys in this new trust. There's no way to avoid paying maintenance costs, although a fan-owned club would be a better-run club and much less likely to get caught out by a large maintenance bill. A club whose owners profiteer, however, is much more likely to neglect maintenance and find itself faced with a hefty bill. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted April 14, 2014 Share Posted April 14, 2014 Then my worry is asset sales because I really can't see share dilution on the cards. There will be a scrip issue at around 25p +-10%. The institutions will buy in, it's sweetie money for most of them. Ergo they average down their price to around 47.5p; they then have a realistic prospect of getting out with a profit when we get back to the SPL/Europe. King or someone else will underwrite it and pick up perhaps 10% -20%; possibly a net 10% diluted. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted April 14, 2014 Share Posted April 14, 2014 That would be nice but I still can't see it. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted April 14, 2014 Share Posted April 14, 2014 As the posts from Hildy, BD and FS clearly demonstrate this is an ill thought out, hair-brained scheme, no wonder the Board haven't replied. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted April 14, 2014 Share Posted April 14, 2014 That would be nice but I still can't see it. Remember where you read it first. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted April 14, 2014 Share Posted April 14, 2014 It is, but no-one seems to be asking what might happen if the company suffers a financial collapse and a huge stadium becomes owned by several thousand fans who never expected to have to pay a share of the cost of maintaining it. Questions like these need answering. It might seem an unlikely scenario but a few years ago people thought that all the bad things that have happened to us could never happen. I think the off-chance of being inadvertently landed with Ibrox to maintain is a pretty minor issue considering the fans already pay the vast majority of the upkeep costs. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted April 14, 2014 Share Posted April 14, 2014 Remember where you read it first. F's post ...... 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted April 14, 2014 Share Posted April 14, 2014 There will be a scrip issue at around 25p +-10%. The institutions will buy in, it's sweetie money for most of them. Ergo they average down their price to around 47.5p; they then have a realistic prospect of getting out with a profit when we get back to the SPL/Europe. King or someone else will underwrite it and pick up perhaps 10% -20%; possibly a net 10% diluted. It will be a rights issue not a scrip issue they're two entirely different animals. The institutions didn't necessarily pay 70p a share as they have the availability of variety of schemes that lower the cost to them, a VCT would have seen them pay 49p. 0 Quote Link to post Share on other sites More sharing options...
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