: Tue Apr 07, 2009 1:45 pm  

t-r-i-n-i-t-y wrote:

Not if they had only bought the number of shares needed to take control of the club, and for as many small shareholders there may be, there's only one and two persons shares you'd need to buy to gain control.

True. There are also other options available if you want to make a donation to the club.

My personal view - and I appreciate that it may not be shared by many - is that I save my donations for charities. If I "donate" to a business, I would expect something in return, i.e. a share in that business, no matter how small or insignificant in the greater scheme of things. The end result is the same, but the commitment is different. That's how I see it, anyway.

: Tue Apr 07, 2009 2:17 pm  

Rebel: My thoughts too but its horses for courses.

Agree re owners buying just a majority stake rather than buy up all available stock i.e. you still own your shares.

: Tue Apr 07, 2009 2:28 pm  

St. Chunter wrote:

seems like a lot just to replace a lightbulb in the gents

i agree but he was very insistent

: Tue Apr 07, 2009 3:52 pm  

I have an answer - but it's not the one you all wanted!

The shareholding is currently closed. However, it seems likely that it will be re-opened, on a limited basis, with a singular purpose, and at a larger minimum price! The offer will be to existing shareholders and then to new comers. All in time for the shareholders meeting on the 28th.

I can't say much more (again! ) because the details have to be verified by the BoD.

Keep watching for more details!

: Tue Apr 07, 2009 4:24 pm  

t-r-i-n-i-t-y wrote:

Not if they had only bought the number of shares needed to take control of the club, and for as many small shareholders there may be, there's only one and two persons shares you'd need to buy to gain control.

Correct

But what if there was a rule whereby anyone buying a majority shareholding at an agreed price, must also agree to buy all other shares at an equal price,at the same time should their owners wish to relinquish.

Something like this could safeguard the smaller shareholder in such circumstances.

: Tue Apr 07, 2009 4:30 pm  

Prince Buster wrote:

Correct

But what if there was a rule whereby anyone buying a majority shareholding at an agreed price, must also agree to buy all other shares at an equal price,at the same time should their owners wish to relinquish.

Something like this could safeguard the smaller shareholder in such circumstances.

True. Depends on how much one has invested in the club I guess. I knew at the time that I was unlikely to see my £25 again, but this was the trade off for access to the AGM and other such stuff, rather than a future profit.

: Tue Apr 07, 2009 5:06 pm  

TRB wrote:

I have an answer - but it's not the one you all wanted!

The shareholding is currently closed. However, it seems likely that it will be re-opened, on a limited basis, with a singular purpose, and at a larger minimum price! The offer will be to existing shareholders and then to new comers. All in time for the shareholders meeting on the 28th.

I can't say much more (again! ) because the details have to be verified by the BoD.

Keep watching for more details!

Well........We've all been wanting a more proffessionally run Trinity,t here ya go!

: Tue Apr 07, 2009 7:14 pm  

Prince Buster wrote:

Correct

But what if there was a rule whereby anyone buying a majority shareholding at an agreed price, must also agree to buy all other shares at an equal price,at the same time should their owners wish to relinquish.

Something like this could safeguard the smaller shareholder in such circumstances.

Then it could, in theory, cost said investor twice the amount to gain ownership of the club - making said investment much more expensive and therefore much less attractive. If somebody had to have 100% of the shares to buy a club, surely this would defeat the object of having 'shares'?

: Tue Apr 07, 2009 7:44 pm  

TRB wrote:

I have an answer - but it's not the one you all wanted!

The shareholding is currently closed. However, it seems likely that it will be re-opened, on a limited basis, with a singular purpose, and at a larger minimum price! The offer will be to existing shareholders and then to new comers. All in time for the shareholders meeting on the 28th.

I can't say much more (again! ) because the details have to be verified by the BoD.

Keep watching for more details!

Debentures then?

Whatever the case, thanks for asking, mate. I appreciate the trouble you've gone to.

: Tue Apr 07, 2009 7:59 pm  

Haywire wrote:

Then it could, in theory, cost said investor twice the amount to gain ownership of the club - making said investment much more expensive and therefore much less attractive. If somebody had to have 100% of the shares to buy a club, surely this would defeat the object of having 'shares'?

What is the object of having shares, for a small "investor" in their local rugby league club? Profit can hardly be one of them, given that the majority will probably have invested 25 quid and no more. If the next sugar daddy in waiting can't afford to buy everyone out, lock, stock and barrel, then they're probably not the kind of people we want running the club anyway.