GlossopLatic Posted October 11, 2019 Share Posted October 11, 2019 Correct me if I'm wrong but did Corney still hold a very small stake in the club after AL completed his takeover. Link to comment Share on other sites More sharing options...
rosa Posted October 11, 2019 Share Posted October 11, 2019 You're gonna need to put a shilling in the server meter, @Stevie_J. Link to comment Share on other sites More sharing options...
RoytonLatics Posted October 11, 2019 Share Posted October 11, 2019 2 minutes ago, GlossopLatic said: Correct me if I'm wrong but did Corney still hold a very small stake in the club after AL completed his takeover. I know he stayed on in an advisory role, no idea if that included him keeping some shares Link to comment Share on other sites More sharing options...
super_blue Posted October 11, 2019 Share Posted October 11, 2019 Trust sold their shares? Mystery! Link to comment Share on other sites More sharing options...
Dave_Og Posted October 11, 2019 Share Posted October 11, 2019 You couldn't make it up Link to comment Share on other sites More sharing options...
peanuts Posted October 11, 2019 Share Posted October 11, 2019 22 minutes ago, super_blue said: Trust sold their shares? Mystery! arent the trust shares "b " shares ? Link to comment Share on other sites More sharing options...
disjointed Posted October 11, 2019 Share Posted October 11, 2019 9 minutes ago, super_blue said: Trust sold their shares? Mystery! Aren't the trust shares worthless, it doesn't buy you any voting rights or am I getting mixed up. I would have thought more likely Marco was told he'd get 97% for his buck, but due diligence failed and he only has 60%. Link to comment Share on other sites More sharing options...
underdog Posted October 11, 2019 Share Posted October 11, 2019 23 minutes ago, super_blue said: Trust sold their shares? Mystery! nope not Trust it would have to be a members vote as well....query on the 97% Link to comment Share on other sites More sharing options...
GlossopLatic Posted October 11, 2019 Share Posted October 11, 2019 35 minutes ago, RoytonLatics said: I know he stayed on in an advisory role, no idea if that included him keeping some shares think he kept .2% or something ridiculous not a large amount. I don't think they have acquired an amount that makes a difference but by the sounds of it gets there foot in the door. Link to comment Share on other sites More sharing options...
super_blue Posted October 11, 2019 Share Posted October 11, 2019 Mike Minay from radio Manchester suggesting it’s in excess of 10%. Link to comment Share on other sites More sharing options...
underdog Posted October 11, 2019 Share Posted October 11, 2019 15 minutes ago, peanuts said: arent the trust shares "b " shares ? They are, we looked at converting them to A shares but its not worth it we have been told. We have more or less tied up our entitlement via the clubs articles of association. Equal parity voting being one Link to comment Share on other sites More sharing options...
mcfluff1985 Posted October 11, 2019 Share Posted October 11, 2019 4 minutes ago, underdog said: They are, we looked at converting them to A shares but its not worth it we have been told. We have more or less tied up our entitlement via the clubs articles of association. Equal parity voting being one Does the trust know the amount of shares and when the shareholding changed from 97% and 3% to something else? Link to comment Share on other sites More sharing options...
Dave_Og Posted October 11, 2019 Share Posted October 11, 2019 Unless the Articles say different a minority shareholding won't give any particular rights. Link to comment Share on other sites More sharing options...
Dave_Og Posted October 11, 2019 Share Posted October 11, 2019 Just now, mcfluff1985 said: Does the trust know the amount of shares and when the shareholding changed from 97% and 3% to something else? The whole point is that even AL doesn't appear to know otherwise one would assume the Companies House filing wouldn't say 97 and 3 Link to comment Share on other sites More sharing options...
mcfluff1985 Posted October 11, 2019 Share Posted October 11, 2019 6 minutes ago, Dave_Og said: The whole point is that even AL doesn't appear to know otherwise one would assume the Companies House filing wouldn't say 97 and 3 Thought maybe the trust would know the situation now though? Link to comment Share on other sites More sharing options...
super_blue Posted October 11, 2019 Share Posted October 11, 2019 5 minutes ago, mcfluff1985 said: Thought maybe the trust would know the situation now though? No chance. They know as much as us. AL Couldn’t even remember the trust chairman’s name when he was Introduced last night. Link to comment Share on other sites More sharing options...
underdog Posted October 11, 2019 Share Posted October 11, 2019 52 minutes ago, disjointed said: Aren't the trust shares worthless, it doesn't buy you any voting rights or am I getting mixed up. I would have thought more likely Marco was told he'd get 97% for his buck, but due diligence failed and he only has 60%. They are worth £1.00 per share. FSA have viewed or legal entitlement and kudos to those who worked on it at the time, they agree its really good Equal parity voting rights Only the Trust can remove the post/appoint their own director No board vote can take place to cease the business of a professional football team/dissolve the company without the vote of the Trust Link to comment Share on other sites More sharing options...
StoodinaBoshell Posted October 11, 2019 Share Posted October 11, 2019 The CS01 filed in February this year (upto the 9th December) suggests that Simon Corney holds no shares (having transferred his). Al owns 194 A shares and the trust 6 B shares. Link to comment Share on other sites More sharing options...
Dave_Og Posted October 11, 2019 Share Posted October 11, 2019 7 minutes ago, underdog said: They are worth £1.00 per share. I suspect they're worth less than that - that will be their nominal value which is meaningless. Link to comment Share on other sites More sharing options...
disjointed Posted October 11, 2019 Share Posted October 11, 2019 10 minutes ago, underdog said: They are worth £1.00 per share. FSA have viewed or legal entitlement and kudos to those who worked on it at the time, they agree its really good Equal parity voting rights Only the Trust can remove the post/appoint their own director No board vote can take place to cease the business of a professional football team/dissolve the company without the vote of the Trust Thanks Tracey. Link to comment Share on other sites More sharing options...
oafcmetty Posted October 11, 2019 Share Posted October 11, 2019 15 minutes ago, underdog said: They are worth £1.00 per share. FSA have viewed or legal entitlement and kudos to those who worked on it at the time, they agree its really good Equal parity voting rights Only the Trust can remove the post/appoint their own director No board vote can take place to cease the business of a professional football team/dissolve the company without the vote of the Trust Stitch that haters! Link to comment Share on other sites More sharing options...
singe Posted October 11, 2019 Share Posted October 11, 2019 Here on the Contact us Page of Fishul. Which I think is a requirement of FL. Deferring to others the Companies House Regs But this line in the statement is interesting, especially given last night's united front. These are A shares with full voting rights over and above all existing members of the current OAFC Board of Directors, aside from Mr Lemsagam. I cannot see DR or RB having any shares, Blitz, poss Gazal seems unlikely sold to Corney. Corney might have tiny share. So if it's not ML, BO, AM SA. The only other name ever linked is Rlj Capital Global Fzc having an significant control. We thought that was AL, but no record was found of them other than an American Company that at first glance did not seem related. Link to comment Share on other sites More sharing options...
rudemedic Posted October 11, 2019 Share Posted October 11, 2019 2 hours ago, RoytonLatics said: https://boundaryparkpurchase.home.blog/ The plot thickens.... .... Again! Or someone has managed to convince the FLG that they own shares in Oldham Athletic 2004 and the FLG has bought them? If there has been a transfer of shares without the proper filing of paperwork I'd guess someone is up a creek without a paddle. There was a question asked about this last night by someone well known to be pally with the builder. I doubt that was a coincidence, but IIRC it was answered by Barry who I doubt has the full information. AL and AM didn't respond, which could be telling. Link to comment Share on other sites More sharing options...
singe Posted October 11, 2019 Share Posted October 11, 2019 2 minutes ago, rudemedic said: Or someone has managed to convince the FLG that they own shares in Oldham Athletic 2004 and the FLG has bought them? If there has been a transfer of shares without the proper filing of paperwork I'd guess someone is up a creek without a paddle. There was a question asked about this last night by someone well known to be pally with the builder. I doubt that was a coincidence, but IIRC it was answered by Barry who I doubt has the full information. AL and AM didn't respond, which could be telling. Barry, if he finds out AL & AM know about these shares, and he doesn't. Link to comment Share on other sites More sharing options...
jorvik_latic Posted October 11, 2019 Share Posted October 11, 2019 34 minutes ago, StoodinaBoshell said: The CS01 filed in February this year (upto the 9th December) suggests that Simon Corney holds no shares (having transferred his). Al owns 194 A shares and the trust 6 B shares. Has anything material changed since then? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.