Share issue

[Yogi]

If he's right, is that a sign that the Prince can't pay back the debts so is having to give away a slice of the club to creditors?

I don’t think so the parent company in question is blades leisure which is also owned by the prince. Right now no shares have left the princes control.

 

[Keen Blade]

It's not for United World, it's a money laundering exercise for the people smuggling activities that we are now involved in. YHIHF

We've smuggled out MooseFat & Burkey Boy already so it's going well. Brewster's Millions is injured so he's staying in the hut and McKnob is next to go down the tunnel.

 

[Champagneblade]

If he's right, is that a sign that the Prince can't pay back the debts so is having to give away a slice of the club to creditors?

I see it as a good thing. He is converting loans to shares which means he's put money in and isn't taking it out. Effectively money he lent the club he's now given it. If anything it shows his commitment to the club I would have thought.

 

[Snowflake]

I am the investor. I am committed to removing the pillars on the KOP by 2058.

Don’t forget that they are holding the roof up !
Perhaps you pine for uncovered standing so we can really enjoy our football again like it was !!

 

[corner_flag]

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

The link gives info on share issue.

Well it seems there are lots of reasons to issue shares and different ways to do it. We need to know a bit more to understand if it is good or bad.


That would be a good reason



That would be a worrying reason


This would be an even worse reason

 

[Moan? Nope-I saw Longhorn]

Surely it is likely to be positive ?

Aye
Cos all the other ‘investors’ in last half century have done a top notch job for the club

 

[Snowflake]

Aye
Cos all the other ‘investors’ in last half century have done a top notch job for the club

We have an significantly improved stadium and other facilities, together with a decent team that has been in the Premiership several times. They haven’t done too bad a job in my view, but if we are waiting for a national wealth fund to arrive we will always be disappointed.
So far the Prince has done a decent job , but he is not mega rich to subsidise us through to the top of the Premiership year on year.
It depends on what you realistically want as to how happy or disappointed you are.

 

[tyke1889]

Each to their own and all that , but I’ll give calcification a miss if that’s ok .

He's been boning up on it

 

[blade67]

He's bought Abbeydale Sports park. Michael Vaughan was on rampage in the Dev last night, flanked by Waddle and Megson.

Wilson also goes in there, showing off his Wednesday tattoo regularly when he's had a few

 

[Nelson1889]

Whilst everyone is speculating on this why don't we wait for the true facts to come out from those with a sound financial understanding....


I'll head over to porktalk now and find out that we are broke/bankrupt/under transfer embargo/broken ffp/getting relegated/getting wound up.

 

[Nagima]

Well it seems there are lots of reasons to issue shares and different ways to do it. We need to know a bit more to understand if it is good or bad.

View attachment 130492
That would be a good reason

View attachment 130493

That would be a worrying reason

View attachment 130494
This would be an even worse reason

Agreed.

I have seen another one in a large multinational whereby they looked to dilute the influence of a cooperative holding who were the founders. By issuing more shares the board were able to increase their autonomy in major decisions without having to get approval from the cooperative shareholders. I don't think that is the case here but it is an interesting tactic.

Hopefully it is for a major development. Usually share issue is the last option to finance a development as you are giving away a portion of the company in return. Though it is common in very new or rapidly growing companies.

Looks like we will have to wait and see.

 

[Sean Thornton]

Agreed.

I have seen another one in a large multinational whereby they looked to dilute the influence of a cooperative holding who were the founders. By issuing more shares the board were able to increase their autonomy in major decisions without having to get approval from the cooperative shareholders. I don't think that is the case here but it is an interesting tactic.

Hopefully it is for a major development. Usually share issue is the last option to finance a development as you are giving away a portion of the company in return. Though it is common in very new or rapidly growing companies.

Looks like we will have to wait and see.

The only info to date - not speculation - is that the Shares are allotted to Blades Leisure Ltd. So as of now, nothing has been given away.

 

[Sean Thornton]

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.

Sadly the magic money tree is in Kevs plot of land at the corner of Shoreham Street and Cherry Street.

 

[Sean Thornton]

Sorry if post r already

The capitalisation l mentioned earlier then.

 

[Sean Thornton]

If he's right, is that a sign that the Prince can't pay back the debts so is having to give away a slice of the club to creditors?

No.

 

[Sean Thornton]

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 ?

As l understand it, the football club. Which is owned 100% by Blades Leisure Ltd, in turn owned by United World Holdings Ltd, 97% owned by HRH.

As regards any takeover, capitalisation of loans would make sense as it’s removing creditors from the Balance Sheet, so anyone burying the FC would just buy BLL’s shares in SUFC Ltd.

How the hotel company fit in to any deal is anyone’s guess.

 

[Tom Bott]

To buy the land on Shoreham street from McCabe ?

To re-open the hotel ?

 

[Kozzy_is_my_Dad]

I have this issue, where my piss sometimes splits into two streams, when I go to the bog.

One side hits the toilet seat, the other flies off in the other direction and usually hits my foot/the floor.

Any advice welcome.



Oh, hang on. Wrong thread. This isn't share issues.

 

[Sean Thornton]

To buy the land on Shoreham street from McCabe ?

To re-open the hotel ?

Possibly.

The hotel is owned by a separate company , SUFC Hotel Ltd the purchase of which was financed via a mortgage from Emirates Bank so unlikely.

 

[Chilttheblade]

I’m sure this new ‘investment’ is to finance last year’s losses.
The club is insolvent,so new capital would make the balance sheet look better.
The owner will have guaranteed the borrowing anyway so this gives confidence to the other current and future creditors.

 

[Sean Thornton]

I’m sure this new ‘investment’ is to finance last year’s losses.
The club is insolvent,so new capital would make the balance sheet look better.
The owner will have guaranteed the borrowing anyway so this gives confidence to the other current and future creditors.

“The club is insolvent”


That’ll feed PorkTalk for a few weeks.

 

[Chilttheblade]

“The club is insolvent”


That’ll feed PorkTalk for a few weeks.

My 15 minutes of fame….

 

[Broomhall Blade]

Whilst everyone is speculating on this why don't we wait for the true facts to come out from those with a sound financial understanding....


I'll head over to porktalk now and find out that we are broke/bankrupt/under transfer embargo/broken ffp/getting relegated/getting wound up.

I'll save you the bother. According to Porktalk.
Basically we are f@#ked if we don't go up this season.

 

[Sean Thornton]

I'll save you the bother. According to Porktalk.
Basically we are f@#ked if we don't go up this season.

Same as every season. I remember Uber Sad Act Kivo Owl being distraught that we hadn’t gone bust over one summer.

They have never got over having to beg hmrc on the steps of the High Court. It’s deep seated in them so suggesting we are in a similar position keeps them going short term until the latest financial crisis hits the Chan Siro.

Their, they don’t even own their own ground mantra has turned full turtle on them, but they are having to bang on about their magnificent outside funded stadium is, even though its ongoing decay has spread to the pitch.

 

[Moan? Nope-I saw Longhorn]

We have an significantly improved stadium and other facilities, together with a decent team that has been in the Premiership several times. They haven’t done too bad a job in my view, but if we are waiting for a national wealth fund to arrive we will always be disappointed.
So far the Prince has done a decent job , but he is not mega rich to subsidise us through to the top of the Premiership year on year.
It depends on what you realistically want as to how happy or disappointed you are.

As someone with no (financial) acumen I’m genuinely bemused
(That’s me in Yate’s counting coppers & the occasional thrupenny bit out of a Midland bank cash bag & a ‘Blades Revival’ membership card
When we went up (& was being told we’d be straight back down) I was telling folk I didn’t a flying fuck & I could / would die happy (as they had significantly, but wonderfully overachieved)
Not really fussed either way about a “significantly improved stadium 3 sides; 4 sides; 3 sides; decent South Stand (+ corner) / likewise John Street / Shoreham Street (+ pillars + corner) poor @ best / BLU canny view but lower is a midden with alarming access - egress

My conundrum is that the achievements you cite were achieved under regimes that were / are almost universally vilified yet Prince Busted appears to get a free pass for being a good egg when as far as I can see all he did was out shithouse a shithouse; paid 5 million ( by mortgaging his house) for assets north of what,100m? & then spaffed the lot ( including the club paying-his debt to Uncle Kev) for no apparent progress, some regression (Academy facilities) & pursuit of a (football) ‘business’model that his immediate predecessor couldn’t fly in Central Europe, East Asia, the Antipodes ( (& maybe North Yorkshire coast)

Not meant as a dig @ you ( or anyone) & I’d really welcome receiving illumination including those folk that agreed your post

Barkeep!
What can I get with 3 shillings sixpence ha’penny, a button & one of those ‘gold penny’ toffees out of the Quality Street

 

[Snowflake]

As someone with no (financial) acumen I’m genuinely bemused
(That’s me in Yate’s counting coppers & the occasional thrupenny bit out of a Midland bank cash bag & a ‘Blades Revival’ membership card
When we went up (& was being told we’d be straight back down) I was telling folk I didn’t a flying fuck & I could / would die happy (as they had significantly, but wonderfully overachieved)
Not really fussed either way about a “significantly improved stadium 3 sides; 4 sides; 3 sides; decent South Stand (+ corner) / likewise John Street / Shoreham Street (+ pillars + corner) poor @ best / BLU canny view but lower is a midden with alarming access - egress

My conundrum is that the achievements you cite were achieved under regimes that were / are almost universally vilified yet Prince Busted appears to get a free pass for being a good egg when as far as I can see all he did was out shithouse a shithouse; paid 5 million ( by mortgaging his house) for assets north of what,100m? & then spaffed the lot ( including the club paying-his debt to Uncle Kev) for no apparent progress, some regression (Academy facilities) & pursuit of a (football) ‘business’model that his immediate predecessor couldn’t fly in Central Europe, East Asia, the Antipodes ( (& maybe North Yorkshire coast)

Not meant as a dig @ you ( or anyone) & I’d really welcome receiving illumination including those folk that agreed your post

Barkeep!
What can I get with 3 shillings sixpence ha’penny, a button & one of those ‘gold penny’ toffees out of the Quality Street

I was replying to the point that previous owners had done little for the club. I disagreed and explained why.
However none of them have done a job without making mistakes: some more than others.
If you still have the shillings, the sixpence and the ha’penny, just check they are not now worth enough to buy your next pint.

 

[Sean Thornton]

As someone with no (financial) acumen I’m genuinely bemused
(That’s me in Yate’s counting coppers & the occasional thrupenny bit out of a Midland bank cash bag & a ‘Blades Revival’ membership card
When we went up (& was being told we’d be straight back down) I was telling folk I didn’t a flying fuck & I could / would die happy (as they had significantly, but wonderfully overachieved)
Not really fussed either way about a “significantly improved stadium 3 sides; 4 sides; 3 sides; decent South Stand (+ corner) / likewise John Street / Shoreham Street (+ pillars + corner) poor @ best / BLU canny view but lower is a midden with alarming access - egress

My conundrum is that the achievements you cite were achieved under regimes that were / are almost universally vilified yet Prince Busted appears to get a free pass for being a good egg when as far as I can see all he did was out shithouse a shithouse; paid 5 million ( by mortgaging his house) for assets north of what,100m? & then spaffed the lot ( including the club paying-his debt to Uncle Kev) for no apparent progress, some regression (Academy facilities) & pursuit of a (football) ‘business’model that his immediate predecessor couldn’t fly in Central Europe, East Asia, the Antipodes ( (& maybe North Yorkshire coast)

Not meant as a dig @ you ( or anyone) & I’d really welcome receiving illumination including those folk that agreed your post

Barkeep!
What can I get with 3 shillings sixpence ha’penny, a button & one of those ‘gold penny’ toffees out of the Quality Street

He paid £5m for the shares. As the real estate was in a different company to the FC it wasn’t an asset when the judgement was made. That was purchased by the FC in a separate deal. As for spaffing the lot, he trusted Wilder to spend the money wisely. As owners are wont to do.

 

[Keen Blade]

As l understand it, the football club. Which is owned 100% by Blades Leisure Ltd, in turn owned by United World Holdings Ltd, 97% owned by HRH.

As regards any takeover, capitalisation of loans would make sense as it’s removing creditors from the Balance Sheet, so anyone burying the FC would just buy BLL’s shares in SUFC Ltd.

How the hotel company fit in to any deal is anyone’s guess.

Thanks for info

 

[robbiez666]

I have this issue, where my piss sometimes splits into two streams, when I go to the bog.

One side hits the toilet seat, the other flies off in the other direction and usually hits my foot/the floor.

Any advice welcome.



Oh, hang on. Wrong thread. This isn't share issues.

"Sit Down"

 

[Keen Blade]

Possibly.

The hotel is owned by a separate company , SUFC Hotel Ltd the purchase of which was financed via a mortgage from Emirates Bank so unlikely.

Would I be correct in thinking SUFC (Hotel) Ltd is a wholly owned subsidiary of either SUFC or BLL ... ie its success or failure directly impacts the club ... As opposed to residing in some more distant part of HRH empire ?