We dont know who will be running the club. If the new investor gets 50.1% of the shares then Diamandis involvement becomes a lot less worrying as he no longer gets to call the shots. The statement indicated there would be a new board. This is a decent start.
The question remains who will have the power of being the controlling shareholder? This is the single most important issue in this scenario.
Totally agre with what you say, but the statements talks about investment & takeover in one sentence !
It also suggests that Diamandis is part of the NEW Consortium along with SSW, which gives them a 2/3 share. ie controll.
Like I keep saying we need more information to know if it is good for the club or not. I remain cynical until proved otherwise because of the current lots track record. (Remember they had the majority shareholding when the Brady, Donegan, Blatchley board were in place, but that didn't stop the club almost going out of business (with debts considerably lower than today)
Sorry Phil, you seem to know what you're talking about, but that's rubbish!
That's the same as saying the Fans Consortium is made up of people all having an equal share.
SSW could have a %, MD a % and the new guy a %. Doesn't mean it's the same %.
Why do we continue to blindly speculate? Wait and see.....
No you are quite right. What concerns me, is that we will be presented with a "done deal", when we won't be able to do or say nothing to change it. (Not that we will have any influence any way).
All I know is that if Diamandis is involved, it will lead to problems. The way I read it, the New Consortium will own a block of shares in STFC probably a majority if not all of them. Now those shares may be sub divided between the parties unequally or they may just be held in one block under a trading name ( eg STFC Proerties ltd ).
The point being that if 2 out off 3 of the consortium are ether Diamadis, or being advised by Diamandis, it doesn't look good to me.
As has been said before, If it is a FULL takeover with the new guy in charge, I can live with that, indeed, I may well be very positive about it. But if Diamandis has any influence, & it's a glorified investment I worry. (Because I care for the club, not because I hate the board)
