scarboro-owl Posted January 25, 2015 Share Posted January 25, 2015 ...why can't it be a method of funding the purchase of May? I seem to recall MM saying he sometimes has difficulties accessing funds in the UK...meh...whatever..all seems obvious to me. how can it be? who bought the shares? Link to comment Share on other sites More sharing options...
southportdc Posted January 25, 2015 Share Posted January 25, 2015 It's Sunday night and most of us have jobs to do in the morning. We can't be up all night pressing refresh and speculating on this poo poo. It was me, alright. I loaned the club 800 grand. The club have paid me back in shares. To be honest I'm stinking rich and don't need the money or the shares but Milan can roger right off if he's going to take the wee wee out of me. You own the club then. Buy a striker ffs Link to comment Share on other sites More sharing options...
Carl Shutt is God Posted January 25, 2015 Share Posted January 25, 2015 Yes I agree, I just don't think its a done deal like some on here think, if it was it would have been announced. I bet nothing happens this week. I am with you. I have no expectations that it will be done anytime. Will only believe anything once it's officially happened and complete and ratified etc. Link to comment Share on other sites More sharing options...
Animis Posted January 25, 2015 Share Posted January 25, 2015 we are losing £6m per annum according to MM. We were lent £2.5m in two separate loans in 2013. Why would MM issue shares for £800 odd thousand? Surely this is a temporary measure related to the consortium buy out not repaying the loan(s) unless there was some conditionality to pay back £800 or debt for equity swap by Nov 2014. Link to comment Share on other sites More sharing options...
RichieB Posted January 25, 2015 Share Posted January 25, 2015 Could he have issued the shares to his himself, as in UKFI Link to comment Share on other sites More sharing options...
Freshfish Posted January 25, 2015 Share Posted January 25, 2015 (edited) ...no idea but I'm sure some financial wizard could explain how it can be used as a way of providing funds which are then paid back...but for me..£800.000 seems too much of a coincidence...nowt else. *this is a generic reply to one and all...goodnight folks ... * Edited January 25, 2015 by Freshfish Link to comment Share on other sites More sharing options...
Guest mkowl Posted January 25, 2015 Share Posted January 25, 2015 Why would MM fund via issue of new shares as opposed to group loans which has been the approach up to now Got to realise this is about control of the company and MM would not give this up until he had the dosh So if the company is worth £30m and we had 3rd party loans of £3m, converting those to shares should only give the loan holder 10% of the shares Link to comment Share on other sites More sharing options...
Geoffrey Manboob Posted January 25, 2015 Share Posted January 25, 2015 Could he have issued the shares to his himself, as in UKFI Yes, probably the case Link to comment Share on other sites More sharing options...
Guest mkowl Posted January 25, 2015 Share Posted January 25, 2015 Could he have issued the shares to his himself, as in UKFI That is my gut feeling - the Thais may have put money into UKFI not SWFC Thus UKFI still owns 100% of SWFC but there are different shareholders in UKFI Or it may be to get around the remittance rules for Non Doms which might be financially punitive if funding via loans Link to comment Share on other sites More sharing options...
shandypants Posted January 25, 2015 Share Posted January 25, 2015 (edited) Can someone tell me wtf has happened? I've been away from things for two or three days and things seemed to have changed. What's happened? Edited January 25, 2015 by shandypants Link to comment Share on other sites More sharing options...
Utah Owl Posted January 25, 2015 Share Posted January 25, 2015 My feeling is that the takeover won't take place this week and it will all go quiet again until the summer. Link to comment Share on other sites More sharing options...
southportdc Posted January 25, 2015 Share Posted January 25, 2015 That is my gut feeling - the Thais may have put money into UKFI not SWFC Thus UKFI still owns 100% of SWFC but there are different shareholders in UKFI Or it may be to get around the remittance rules for Non Doms which might be financially punitive if funding via loans If the Thais have invested in UKFI - they're already the (part) owners? Or Milan has put some shares on the table to buy? Link to comment Share on other sites More sharing options...
Mr Farrell Posted January 25, 2015 Share Posted January 25, 2015 All as clear as mud. There are maybe some new shares, maybe owned by unamed person or persons. New shares may or may not be important or irrelevant. Link to comment Share on other sites More sharing options...
camffiti Posted January 25, 2015 Share Posted January 25, 2015 My feeling is that the takeover won't take place this week and it will all go quiet again until the summer. Link to comment Share on other sites More sharing options...
Guest wilyfox Posted January 25, 2015 Share Posted January 25, 2015 I filed for a P45, is that a good thing? Told it is.. Link to comment Share on other sites More sharing options...
Animis Posted January 25, 2015 Share Posted January 25, 2015 That is my gut feeling - the Thais may have put money into UKFI not SWFC Thus UKFI still owns 100% of SWFC but there are different shareholders in UKFI Or it may be to get around the remittance rules for Non Doms which might be financially punitive if funding via loans That is my gut feeling - the Thais may have put money into UKFI not SWFC Thus UKFI still owns 100% of SWFC but there are different shareholders in UKFI Or it may be to get around the remittance rules for Non Doms which might be financially punitive if funding via loans So they could have owned a fair part of SWFC since November, hence the suggestion they paid January's wage bill Link to comment Share on other sites More sharing options...
nethertonowl Posted January 25, 2015 Share Posted January 25, 2015 MK, way round the non doms to invest in the club, and can be done , before clearance etc, ? Link to comment Share on other sites More sharing options...
Guest mkowl Posted January 25, 2015 Share Posted January 25, 2015 The truth is we are all guessing but it it more interesting than Last Tango in Halifax the Mrs is watching on Sky+ Link to comment Share on other sites More sharing options...
Brightonowl Posted January 25, 2015 Share Posted January 25, 2015 Buuuump. Link to comment Share on other sites More sharing options...
RichieB Posted January 25, 2015 Share Posted January 25, 2015 That is my gut feeling - the Thais may have put money into UKFI not SWFC Thus UKFI still owns 100% of SWFC but there are different shareholders in UKFI Or it may be to get around the remittance rules for Non Doms which might be financially punitive if funding via loans Or maybe the Thais haven't put money into anything? It's only rumours about them paying the wages etc and it's most likely not true. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now