Power gets a right slagging on the OS

[Barry Scott]

Noticed this and something possibly stupid came to me. Hopefully someone with a knowledge of these things can help...

"As far as I am concerned he has bought shares in the club. If he wants to trade them then I am happy with that."

So MD implied shares in the Club, when it has always been stated it's the holding company, but this raised a question with me.

In the real world the club can't be worth £1.2m, so therefore can a judge rule that BP has to take an equity holding from the club (not the 'holding' company) in relation to his £1.2m?

It may sound a bit silly, but baring in mind the illiquid nature of the club, could it be ruled that for £1.2m BP is entitled to the 100% of the clubs shares?

It may be a shit return on investment (as he'd be buying £xxm of debt within a cash greedy company, as opposed to getting £1.2m), but can a judge demand ssw writes STFC shares over to BP as payment?

I don't see it as a possibility, it's pretty "outhere", just wondered. Plus the thought of BP being given an equity stake in STFC and the right to attend meetings and more would be a touch amusing.

[pauld]

Someone ought to remind Mikey boy that the laws of slander and libel apply to him as well. It's all very well him slagging off Paul D

Meh, I've had much worse things said about me by much better men. Not worth the time and effort.

[Phil_S]

Didn't Mikey D say that he is busy issuing extra sgares to make other smaller shareholdings, insignificant.
I know its a Private Co, but if Bill is alleged to own shares, wouldn't he be entitled to vote on the sale of the club or what ever. I own a very samll number of shares in some large plc's & get a vote on everything.  And they can't even decide on what % of the Co, Bill is supposed to own.
Muppets, the lot of them

[donkey]

Someone ought to remind Mikey boy that the laws of slander and libel apply to him as well. It's all very well him slagging off Paul D

Meh, I've had much worse things said about me by much better men. Not worth the time and effort.

Cheers Paul

[Simon Pieman]

Someone ought to remind Mikey boy that the laws of slander and libel apply to him as well. It's all very well him slagging off Paul D

Meh, I've had much worse things said about me by much better men. Not worth the time and effort.

Cheers Paul

Shouldn't that be?:


Cheers,




Donkey

[donkey]