nevthelodgemoorowl Posted June 22, 2019 Share Posted June 22, 2019 2 minutes ago, vulva said: If we go up it’s a brilliant idea. At last a little honesty Link to comment Share on other sites More sharing options...
nevthelodgemoorowl Posted June 22, 2019 Share Posted June 22, 2019 Looks like Yeadon has gone home or he's reading up on Adam Smith Link to comment Share on other sites More sharing options...
ChinaOwl Posted June 22, 2019 Share Posted June 22, 2019 4 minutes ago, vulva said: If we go up it’s a brilliant idea. Aye, Mr Chansiri will suddenly have a load more shares in a company he already had 100% ownership of. But he will owe himself less money. 2 Link to comment Share on other sites More sharing options...
Roscoe P. Coltrane Posted June 22, 2019 Share Posted June 22, 2019 3 hours ago, jamese said: Three new companies incorporated yesterday, Sheffield 2 Limited, Sheffield 3 Limited and Sheffield 4 Limited. All with DC as the sole director There's no limit 1 Link to comment Share on other sites More sharing options...
nevthelodgemoorowl Posted June 22, 2019 Share Posted June 22, 2019 SWFC PROUD OWNERS OF S2 ! 1 8 Link to comment Share on other sites More sharing options...
RUMBELOWS91 Posted June 22, 2019 Share Posted June 22, 2019 3 hours ago, mike84 said: I imagine that Sheffield Wednesday Holdings majority owner will be DC. If not there's some work to do with the North Stand seats again. 2 Link to comment Share on other sites More sharing options...
Roscoe P. Coltrane Posted June 22, 2019 Share Posted June 22, 2019 1 hour ago, mkowl said: Well my Mum lives in S35 so this will get costly 1 Link to comment Share on other sites More sharing options...
yeadonowl Posted June 22, 2019 Share Posted June 22, 2019 33 minutes ago, nevthelodgemoorowl said: So Yeadon, I'm not a very quick learner. However, I have just borrowed £15K from Wonga, I do so hate debt, what do I do to convert my £15K Wonga debt into equity ? As far as I’m aware the P&S figures are taken from bottom line figures from your annual P&L, something apart from interest payments, loans do form part of So conversion of loan debt to equity is a book entry on the balance sheet, so therefore not really helping out as far as our problem is concerned, unless the league just wanted to see a reduction in debt to sign off the accounts Company accounts is not my thing, more of a legal cashier Link to comment Share on other sites More sharing options...
kilnhurstowl Posted June 22, 2019 Share Posted June 22, 2019 3 hours ago, nevthelodgemoorowl said: Why Sheffield 2 FFS ? Cause we are Sheffield onesday Link to comment Share on other sites More sharing options...
WC1Owl Posted June 22, 2019 Share Posted June 22, 2019 This is probably just Chansiri converting some of his director loans to shares. It may be being done through Holdings for tax reasons. I doubt it means anything to the availability of cash to the business or to P&S (unless maybe the EFL have required a reduction in the overall debt to sign off on plans, which I'm not sure they would). Link to comment Share on other sites More sharing options...
Sham67 Posted June 22, 2019 Share Posted June 22, 2019 1 hour ago, pahowl said: In respect of Sheffield Wednesday Holdings Limited , it is not registered in Thailand either. The accounts (when published) should show the parent company and its place of registration Have you tried Delaware? 1 Link to comment Share on other sites More sharing options...
fred mciver Posted June 22, 2019 Share Posted June 22, 2019 Let's hope this relates to future voting share offering to fans so we have some say in how our great club's run. 1 Link to comment Share on other sites More sharing options...
darra Posted June 22, 2019 Share Posted June 22, 2019 4 hours ago, jamese said: Three new companies incorporated yesterday, Sheffield 2 Limited, Sheffield 3 Limited and Sheffield 4 Limited. All with DC as the sole director could be that DC Taxis are going to use Bentleys 1 Link to comment Share on other sites More sharing options...
Groundhopping Owl Posted June 22, 2019 Share Posted June 22, 2019 For probably the clearest explanation you can get, Kieran Maguire's doing an interview on Radio Sheffield about it now. Really informative guy, if you use the BBC Sounds app you can rewind to the start of the interview. Link to comment Share on other sites More sharing options...
prowl Posted June 22, 2019 Share Posted June 22, 2019 5 hours ago, Leaping Lannys Perm said: So talk of these shares being worth £1 a piece. Would that mean that the original 25million shares value the club at £25m? This seems low. And does it mean Chansiri has given away 45% of his control of the company for £21m? Whilst there is an argument of profit in this, selling £11.5m worth of control for £21m, in another way it seems like a small amount in the scheme of the money coming in and out of the club each year. The share in a company may be issued with a face value of 1p but sold for a lot more. Share capital value is pretty meaningless in a lot of contexts. Face value is one thing but bears no relation to sales price. I've bought shares on the stack market with a face value of .25p and paid over a fiver each.. If I can sell for more why do I care. I'm only on page 3 and I've seen nothing yet that gives any indication that we know what is going on. Link to comment Share on other sites More sharing options...
Guest Kameron Posted June 22, 2019 Share Posted June 22, 2019 Its brilliant news, if this comes off and the EFL are happy it basically means we start again but this time with a proper manager. Who cares how he does it, where the offshore company is held it will be great to be able to compete instead of watching the poo of the last two seasons. Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted June 22, 2019 Share Posted June 22, 2019 3 minutes ago, Kameron said: Its brilliant news, if this comes off and the EFL are happy it basically means we start again but this time with a proper manager. Who cares how he does it, where the offshore company is held it will be great to be able to compete instead of watching the poo of the last two seasons. How do you mean "we start again" he can spend what he wants? Link to comment Share on other sites More sharing options...
Pablo Bonvin Posted June 22, 2019 Share Posted June 22, 2019 My iPad calendar automatically updates with our fixtures, but it seems only the away ones are on this time. So we must have sold our ground and only playing the away games then? Is that how it works? We will struggle to go up at this rate. 4 Link to comment Share on other sites More sharing options...
prowl Posted June 22, 2019 Share Posted June 22, 2019 1 hour ago, Ever the pessimist said: For those of us with zero idea of finance, is this good, bad or indifferent news? Nobody knows. Me included. 1 1 Link to comment Share on other sites More sharing options...
Guest Kameron Posted June 22, 2019 Share Posted June 22, 2019 Just now, Mycroft said: How do you mean "we start again" he can spend what he wants? If the debt is cleared and a small profit is shown, he can spend inline with P&S rules, hopefully this time with a manager who knows what he's doing we won't end up in this situation again. Had DC not been able to do this we would have been looking at a full transfer embargo and points deduction. If it comes off we go from having to endure another season of mediocrity to hopefully being able to challenge the top 6, there's no guarantees but at least this will bring the optimism back and lift the atmosphere around the place, we can start the new season in high spirits instead of doom and gloom, can't wait now. Link to comment Share on other sites More sharing options...
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