A Message For Shareholders Of GTFC

Quoted from KingstonMariner

That it is. Hopefully this time the membership won’t cave in.

As a lifetime member I’m currently leaning towards selling at least some of the shares. Probably a bit short sighted but the shareholding doesn’t come with voting rights in and of itself, nor fan representation on the board.

I’d like to see a full debate around the issue - could the Trust put £250/£300k to good use in the short or medium term? Investment in the fanzone which could lead to a steady turnover in the long term, arrangements for regional supporters groups? Can the new directors provide assurances of a meaningful working relationship going forward?

Plenty of time to work it out I suppose.

Would be no surprise if 1878 Partners Ltd had another partner in the future.

Has anyone read it right through.It means in layman’s terms that Fenty will get his money but turning it into a private company stops other shareholders cashing their shares in ,so us shareholders who wish to cash in won’t be able to.It’s a sneaky way to go about business.I’m able to rite off my few hundred quid.

Quoted from Iknowyoursecret

Has anyone read it right through.It means in layman’s terms that Fenty will get his money but turning it into a private company stops other shareholders cashing their shares in ,so us shareholders who wish to cash in won’t be able to.It’s a sneaky way to go about business.I’m able to rite off my few hundred quid.

Surely as a fan you would buy shares in the club to help support the club financially, and not to sell them later on.

I am a small shareholder and when I purchased those shares I didn't purchase them with the expectation of selling them later.

Quoted from Davec

Surely as a fan you would buy shares in the club to help support the club financially, and not to sell them later on.

I am a small shareholder and when I purchased those shares I didn't purchase them with the expectation of selling them later.

Me as well. I will never sell my shares. I own part of my club, I am part of my club. UTM

Quoted from wigworld

Today's message says
:
'The Board has long been of the view that it is in the best interests of GTFC to convert to a private limited company.'

Maybe a daft question (I'm not involved in business or finance at all), but if that's the case why haven't they just gone ahead and done that?

Needs a 75% majority to pass. There'd be so much talk of it being only to benefit Fenty, that I doubt it'd pass. It'd also need Parker on board, which wouldn't happen because he'd not get his money back. Might suggest Parker will have some involvement or at least back it for a change.

It's the right thing from any owner's perspective. Being a PLC has lots of complications and transparency that have hindered Fenty and this takeover. It does, however, reduce the need for transparency, and accounts won't be as detailed going forwards.

Quoted from 140067

Me as well. I will never sell my shares. I own part of my club, I am part of my club. UTM

You might not have that choice. This decision would be consistent with what they'd do if they wanted 100% control.

A share clean up might be coming.

Quoted from pen penfras

Needs a 75% majority to pass. There'd be so much talk of it being only to benefit Fenty, that I doubt it'd pass. It'd also need Parker on board, which wouldn't happen because he'd not get his money back. Might suggest Parker will have some involvement or at least back it for a change.

It's the right thing from any owner's perspective. Being a PLC has lots of complications and transparency that have hindered Fenty and this takeover. It does, however, reduce the need for transparency, and accounts won't be as detailed going forwards.

If it doesn't pass would that block the takeover? Could there be a broker clause which states if that resolution fails then so will the takeover?

I really hope not

Quoted from Davec

If it doesn't pass would that block the takeover? Could there be a broker clause which states if that resolution fails then so will the takeover?

I really hope not

I guess we don't know the answer to that, but if this was what they needed to get it over the line after terms were already agreed, then it could cause a problem. But I can't see the trust vote being a problem since the fans want it to go through. Even if Parker isn't involved, he'd essentially be sabotaging the club as well as Fenty and would probably make him less popular than Fenty if he caused the deal to fall through.

Quoted from pen penfras

You might not have that choice. This decision would be consistent with what they'd do if they wanted 100% control.

A share clean up might be coming.

Can you be required to sell under certain circumstances?