Share issue

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Bladeloyal said:
Isnt ffp in the championship done over three accounting years
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Yeah although if you are so inclined you can blow your allotted loses for the three years all in one year and get punished but there’s no way we’ve done that.
 



Ahhh, the cost of getting rid of Moose n Burke.
 
I don't think it's new money coming into the club (from the prince anyway), only reason I can see it being done is the prince has found a 3rd party investor finally.

YorkBlade I'm sure you have some info to provide.. spill the beans!
 
Nagima said:

Allotment of shares: what is a share issue and why issue shares

Share issue is the process by which companies pass on new shares to shareholders. We look at the top 10 reasons why a company may choose to issue shares.
www.informdirect.co.uk www.informdirect.co.uk
The link gives info on share issue.
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From the top 10 reasons for an allotment of shares, I'd say the following are the most likely:

1. Shares may be issued in order to repay some or all of the company’s borrowing.

Self explanatory, we've got a couple of loans secured against parachute payments, maybe we didn't have enough money for the running of the club and therefore this is necessary to pay off those loans

2. Issuing shares might also fund a particular new development or project, which will often require significant initial capital with the rewards (hopefully) seen in later years.

I.e. training ground, personally (and maybe hopefully) I think this is the most likely reason)

3. To repair a damaged balance sheet. Companies may need to allot shares to continue trading after a particularly difficult period, whether specific to that company, related to problems across an industry or part of a wider downturn in the whole economy

As above re repaying borrowing
 
Per the previously issues confirmation statement, the shares are owned by Blades Leisure Ltd, as are the vast majority of the existing ones (88,786 shares issued, of which Blades Leisure own 87,192). And the transaction actually took place in December.

87192 ORDINARY shares held as at the date of this confirmation statement
BLADES LEISURE LIMITED
 
Rodley said:
Great days. Was he announced to the crowd unall?! 🤣
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No but he emailed everyone about assistance he needed in getting millions out of a bank account which he’d share with them.

At the time of the announcement his UK Plc was in the process of being struck off at Companies House for non filing.
 
Trafford said:
Per the previously issues confirmation statement, the shares are owned by Blades Leisure Ltd, as are the vast majority of the existing ones (88,786 shares issued, of which Blades Leisure own 87,192). And the transaction actually took place in December.

87192 ORDINARY shares held as at the date of this confirmation statement
BLADES LEISURE LIMITED
Click to expand...

Bloody hell, a look at the latest confirmation statement showed it all the time :(
 
Sean Thornton said:
Why is that necessarily a negative?
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Its just my view. Either we need investment to keep functioning or there is a reorganisation of funding/shares behind the scenes by the Prince. Neither would particularly
 
Westran said:
From the top 10 reasons for an allotment of shares, I'd say the following are the most likely:

1. Shares may be issued in order to repay some or all of the company’s borrowing.

Self explanatory, we've got a couple of loans secured against parachute payments, maybe we didn't have enough money for the running of the club and therefore this is necessary to pay off those loans

2. Issuing shares might also fund a particular new development or project, which will often require significant initial capital with the rewards (hopefully) seen in later years.

I.e. training ground, personally (and maybe hopefully) I think this is the most likely reason)

3. To repair a damaged balance sheet. Companies may need to allot shares to continue trading after a particularly difficult period, whether specific to that company, related to problems across an industry or part of a wider downturn in the whole economy

As above re repaying borrowing
Click to expand...

Hopefully its to invest in the training ground. But I am worried that it isn't. The hotel operation is being held up because of something the club has to do. Which to me means that we don't have the money to do it. From the press conference to announce Hecky. We were told there was progress being made on the new site for the training ground. I think this was deflection as we don't have an actual plan.
Apparently we hired some middle man to try and organise selling of players. That didn't work.
I just get the feeling that the board are clueless and the money has run out.

In fairness to Hecky he is doing well which is keeping our morale up.

I hope you are right and in a few months I have to eat humble pie.
 
He could have bought my shares for half that ammount. If I can ever find the certificate...lol
 
Nagima said:
Hopefully its to invest in the training ground. But I am worried that it isn't. The hotel operation is being held up because of something the club has to do. Which to me means that we don't have the money to do it. From the press conference to announce Hecky. We were told there was progress being made on the new site for the training ground. I think this was deflection as we don't have an actual plan.
Apparently we hired some middle man to try and organise selling of players. That didn't work.
I just get the feeling that the board are clueless and the money has run out.

In fairness to Hecky he is doing well which is keeping our morale up.

I hope you are right and in a few months I have to eat humble pie.
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So firstly, the hotel is sorted and a lease has been agreed with Hilton. This isn't new news.

Second, the money has ran out, it was spent on transfer fees and the parachute payments only just cover what we paid out. Also not new news.

I don't get why people don't understand that owners of football clubs don't have magic money trees. It's a tough business and transactions like this are normal.

No need to get our knickers in a twist.
 



Westran said:
So firstly, the hotel is sorted and a lease has been agreed with Hilton. This isn't new news.

Second, the money has ran out, it was spent on transfer fees and the parachute payments only just cover what we paid out. Also not new news.

I don't get why people don't understand that owners of football clubs don't have magic money trees. It's a tough business and transactions like this are normal.

No need to get our knickers in a twist.
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The Hil ton deal is held up at the moment.

I am not saying or wanting an owner who has loads of money to throw around. The club needs to stabilise and move forward with prudent financial control.

I just expressing my opinion....not creating drama about it. I agree its a tough business but I am not sure that share issue is that normal. Usually its the owner selling shares to another investor. Issuing new shares is usually the last thing that is done as its an expensive way of financing. It has been done in companies to raise significant funds for major acquisitions.
 
Sorry if post r already
 

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So the Prince has come here to Sheffield to snap up Sheffield’s Allotments, all 14 million quid worth.
Where am I going to grow my sweetcorn now ya bastard
 
Westran said:
From the top 10 reasons for an allotment of shares, I'd say the following are the most likely:

1. Shares may be issued in order to repay some or all of the company’s borrowing.

Self explanatory, we've got a couple of loans secured against parachute payments, maybe we didn't have enough money for the running of the club and therefore this is necessary to pay off those loans

2. Issuing shares might also fund a particular new development or project, which will often require significant initial capital with the rewards (hopefully) seen in later years.

I.e. training ground, personally (and maybe hopefully) I think this is the most likely reason)

3. To repair a damaged balance sheet. Companies may need to allot shares to continue trading after a particularly difficult period, whether specific to that company, related to problems across an industry or part of a wider downturn in the whole economy

As above re repaying borrowing
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I would imagine it’s the training ground - my cousins co bidding for the work
 
He's bought Abbeydale Sports park. Michael Vaughan was on rampage in the Dev last night, flanked by Waddle and Megson.
 



Sean Thornton said:
I may be wrong but a new investor into just the football club? Blades Leisure Ltd ( owned by United World Holdings Ltd) currently owns 100% of the FC.
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Can you remind us Sean , which company owns the fixed assets including the ground ... And does that same company carry the mortgage on the ground ?
 
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