Good grief, the shareholders have spoken.
Or rather there has been a County board statement that mentions the shareholders.
To summarise….. something…something… some of them giving up their shares for a nominal fee … something.. something … others making shares available to a group of supporters.
Okaaaaaay…
Which shareholders are giving up their shareholding?
Which shareholders are making shares available to a ‘supporters group’?
Which supporters group might that be? The Co-op?
Which shareholders are going to continue to invest?
Oh.. and precisely 21 minutes later another announcement!
Season Tickets for next seasons exciting whatever-it-will-be-called part-time regional football league are going on sale!
Forgive me if I wait until I see something concrete happening before I even consider thinking about next season let alone committing to a Season Ticket.
Much more information and action needed County!
For those that want to read the statements:
Shareholders Update
Season Ticket Info
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No clue as to whether its a buy-back or a reduction in capital? Will have to be minuted I guess, if the Club Sec cares to share…
Have thy responded to the letter from the Coop registering an interest in the soon to be available shares?
…Which is why I asked: if it done as a Capital Reduction, the remaining shareholders would have greater influence AND the written-off shares wouldn’t be available to be sold to anyone
Cynical, but not ruled out by the wording of the statement as far as I can tell (I’m not an accountant, though!)