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Post by harmerhillshrew on May 13, 2005 7:39:52 GMT 1
A company whose shares may be purchased by the public and traded freely on the open market and whose share capital is not less than a statutory minimum. In the UK, a public company limited by shares and having a share capital, and which may offer shares for purchase by the general public. Only PLCs may qualify for listing or trading on the London Stock Exchange. A company that has a share capital for that members of the public can buy. Once a shareholder gets 75% plus one share, the company could be delisted from the stock exchange and the shareholder could transfer his debt onto the company. If the shareholder can get 90% plus one share, he can make a compulsory purchase and scoop up the other 10% of the companies shares. So lets say a rich Amercian fancies a PLC over here he just keeps buying the shares. Sorry guys and girls you lot need to wake up. Its not for sale as it has been bought. If you loved your club so much you would have ensured genuine supporters bought 26% of the shares. Do not say you could not afford it, shares at one point were as low as 90p and the number of supporters the club have this could have been achived easily. A sad day for football.
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Post by OldGit on May 13, 2005 9:20:27 GMT 1
A sad day alright. But not a totally unexpected one, given the way that commerce has infiltrated the game. I have feared for a while that the top of the footballing empire, in this country and Europe, is "overheating" - ever higher wages, some outrageous transfer fees, ridiculous manipulation of fixtures to tie in with ever more frequent TV scheduling; the mass marketing of players image rights, increased corporate involvement in key areas.
The warning signs are all there, and there have already been enough collapses and near disasters - yet lessons go unlearned. If you run football as a big business, you run the same risks as companies like IBM, General Motors, M&S, Marconi.......
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Post by rob on May 13, 2005 9:25:28 GMT 1
he wont get 90% +1 of the shares as the shareholders united owned upto 17%.
Surely their shares will be worthless (for the reasons they've bought them)
Glazier will have at least 75% of the shares, so how can you prevent someone/a compant whom owns 3/4 of your company doing as they wish when they wish?
I wonder if we will see midseason tours to the US and Far East as well as a prolonged summer tour?
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