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PLEASE JOIN THE ALTRINCHAM FC PATRONS SCHEME TODAY
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+ www.altyfans.co.uk » General Category » Altrincham FC First Team
 Shareholding
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Author Topic: Shareholding  (Read 10968 times)

robininstockport

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Re: Shareholding
« Reply #1 on: December 27, 2016, 06:12:22 PM »

So the board dont have a controlling majority?
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shelmers

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Re: Shareholding
« Reply #2 on: December 27, 2016, 08:36:24 PM »

Interesting that. How do I go about buying shares? How much would 10% cost me?
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Hale Alty

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Re: Shareholding
« Reply #3 on: December 27, 2016, 10:00:40 PM »

Every member of STAR effectively owned a shareholding in the club until it allowed itself to be bullied into disbanding and selling its shares (many of which were donated) to raise funds in an earlier crisis. Of course the main purpose was to end any percieved (in actual fact non-existent) threat to the majority shareholders ownership. I bought 100 shares.
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mortlakebob

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Re: Shareholding
« Reply #4 on: December 27, 2016, 11:17:31 PM »

Alty social. Can u re send a link.
Or tell me exactly where to search for the shareholders list?
Im one of the 257 i think with 200 shares.
Would be good to see how accurate list is before i try to acquire 10% of the shareholding from
An old pal!
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Ashley Alty

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Re: Shareholding
« Reply #5 on: December 27, 2016, 11:29:55 PM »

Every member of STAR effectively owned a shareholding in the club until it allowed itself to be bullied into disbanding and selling its shares (many of which were donated) to raise funds in an earlier crisis. Of course the main purpose was to end any percieved (in actual fact non-existent) threat to the majority shareholders ownership. I bought 100 shares.

I don't think STAR got any money for those shares.  They were the subject of a motion at a Specual General Meeting to be "given back" to the Club, which was resolved by those members voting in person at that meeting, as I mentioned a couple if months ago on here.  They were all acquired by donation to be held on behalf if all supporters of AFC.
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JTH

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Re: Shareholding
« Reply #6 on: December 27, 2016, 11:55:32 PM »

Alty social. Can u re send a link.
Or tell me exactly where to search for the shareholders list?
Im one of the 257 i think with 200 shares.
Would be good to see how accurate list is before i try to acquire 10% of the shareholding from
An old pal!


https://beta.companieshouse.gov.uk/company/00176333/filing-history

Go to the latest filing history (17 Nov). For an old radio fan like yourself shareholding 247 should be of interest.
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JTH

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Re: Shareholding
« Reply #7 on: December 28, 2016, 12:21:25 AM »

Interesting that. How do I go about buying shares? How much would 10% cost me?

Carole Nash has donated her shares for free to the club who sell them as an extra fundraiser. According to the Club's latest return her holding stands at 1,667 £1 ordinary voting shares and when I acquired mine in May via this route the club were asking £5 per share. I approached Grahame Rowley direct.
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bumble

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Re: Shareholding
« Reply #8 on: December 28, 2016, 12:59:52 AM »

Interesting that. How do I go about buying shares? How much would 10% cost me?

11,500 shares in the club.

Recently the club was selling them as a fundraiser at £5.

£57,500 for 10% on my half cut maths.
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bighairedmike

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Re: Shareholding
« Reply #9 on: December 28, 2016, 08:15:50 AM »

Interesting that. How do I go about buying shares? How much would 10% cost me?

11,500 shares in the club.

Recently the club was selling them as a fundraiser at £5.

£57,500 for 10% on my half cut maths.

That makes the entire club worth just under £600k. About right?
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Hale Alty

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Re: Shareholding
« Reply #10 on: December 28, 2016, 10:46:26 AM »

Every member of STAR effectively owned a shareholding in the club until it allowed itself to be bullied into disbanding and selling its shares (many of which were donated) to raise funds in an earlier crisis. Of course the main purpose was to end any percieved (in actual fact non-existent) threat to the majority shareholders ownership. I bought 100 shares.

I don't think STAR got any money for those shares.  They were the subject of a motion at a Specual General Meeting to be "given back" to the Club, which was resolved by those members voting in person at that meeting, as I mentioned a couple if months ago on here.  They were all acquired by donation to be held on behalf if all supporters of AFC.

True. But the shares were sold with money going directly to the ckub.
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mortlakebob

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Re: Shareholding
« Reply #11 on: December 28, 2016, 10:51:41 AM »

Thanks Jth and alty social. Got it now.
What does john king having 117k non voting shares mean?
Is that to stop anyone owning more than 50% of shares.
Interesting to see the ex chairman who basically bullied supporters to donate shares back to club dishes out a few shares to his aussie cricket "friends".
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Bob

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Re: Shareholding
« Reply #12 on: December 28, 2016, 11:02:11 AM »

Thanks Jth and alty social. Got it now.
What does john king having 117k non voting shares mean?
Is that to stop anyone owning more than 50% of shares.
Interesting to see the ex chairman who basically bullied supporters to donate shares back to club dishes out a few shares to his aussie cricket "friends".


If my memory serves me right, then £117K of debt to Maunders was converted to non voting shares. These shares presumably passed over to King.

The non voting shares are pretty useless day to day. They are essentially stock in the company.
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cheshire cat

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Re: Shareholding
« Reply #13 on: December 28, 2016, 11:41:57 AM »

Interesting that. How do I go about buying shares? How much would 10% cost me?

11,500 shares in the club.

Recently the club was selling them as a fundraiser at £5.

£57,500 for 10% on my half cut maths.

That makes the entire club worth just under £600k. About right?

Maybe, maybe not. I seem to recall that not all the shares that were on offer found new owners. On that basis you could argue the price was set too high.

On the other hand if someone thought they could get a controlling majority that would give them chair of the board they might be willing to pay more than £5.

Owning the club is one thing. Having the business accumen to run it and the money to bail it out when things don't go according to plan is something else.

Oldham Athletic have been for sale for a while. No takers as yet.                                                                                                           
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nimeta

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Re: Shareholding
« Reply #14 on: December 28, 2016, 02:20:38 PM »

Thanks Jth and alty social. Got it now.
What does john king having 117k non voting shares mean?
Is that to stop anyone owning more than 50% of shares.
Interesting to see the ex chairman who basically bullied supporters to donate shares back to club dishes out a few shares to his aussie cricket "friends".


If my memory serves me right, then £117K of debt to Maunders was converted to non voting shares. These shares presumably passed over to King.

The non voting shares are pretty useless day to day. They are essentially stock in the company.

True...but in the event of the club being acquired by someone who intends to develop the stadium and screw us up, King gets a load of the economic benefit of that. It may be a poison pill that deters a future speculative buyer fro doing that. On the other hand, whilst King can not exercise an control, he (or the people who inherit his shares - I hope King has enough emotion invested in the club to not want to screw the fans) could do a deal with a potential acquirer.

Pure speculation of course.
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+ www.altyfans.co.uk » General Category » Altrincham FC First Team
 Shareholding