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Post by swissgas on Jul 21, 2014 3:04:47 GMT
Leverage was what the share scheme was all about. Requiring the company that owns BRFC to sell 28% of their share capital and making the selliing of the Mem require an Egm resolution. As I am sure you know to carry an EGM resolution 76% plus must vote in favour. Resolutions like increasing the share capital and the cancellation of pre emption rights all require EGM resolutions which, if the scheme had reached its ambition, would have been blocked. I agree with you about the £10 a month figure, that was the basis of the 5432 campaign which, if that number had signed up, would have achieved the £3,500,000 required to acquire the 28% What I would say is that £60k or even £120k, is watering in the wind money, there is no leverage accrued with that kind of value.That is true to an extent Oldie. But if you add to it an investor or group of investors with a few million the situation changes. You are then in a position where the investors and the group representing ordinary fans may say to the current owners "here is our plan, where is yours ?" And if their only plan is to carry on as they are and invite anyone to buy them out for the "supermarket" value of the Mem then it will turn into a battle for the hearts and minds of the thousands of Gasheads who want something better and I think that battle is winnable.
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Post by philbemmygas on Jul 21, 2014 6:33:22 GMT
Leverage was what the share scheme was all about. Requiring the company that owns BRFC to sell 28% of their share capital and making the selliing of the Mem require an Egm resolution. As I am sure you know to carry an EGM resolution 76% plus must vote in favour. Resolutions like increasing the share capital and the cancellation of pre emption rights all require EGM resolutions which, if the scheme had reached its ambition, would have been blocked. I agree with you about the £10 a month figure, that was the basis of the 5432 campaign which, if that number had signed up, would have achieved the £3,500,000 required to acquire the 28% What I would say is that £60k or even £120k, is watering in the wind money, there is no leverage accrued with that kind of value.That is true to an extent Oldie. But if you add to it an investor or group of investors with a few million the situation changes. You are then in a position where the investors and the group representing ordinary fans may say to the current owners "here is our plan, where is yours ?" And if their only plan is to carry on as they are and invite anyone to buy them out for the "supermarket" value of the Mem then it will turn into a battle for the hearts and minds of the thousands of Gasheads who want something better and I think that battle is winnable. Swiss, so are there investors with a few million sat in the background or is this a red herring?
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Post by Deleted on Jul 21, 2014 7:29:54 GMT
Phil, I think that rather depends upon who controls that mythical entity, "incremental revenue streams" don't you?
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Post by dragonfly on Jul 21, 2014 11:01:36 GMT
£60,000 becomes £120,000 after 2 years and £180,000 after 3 years. £120,000 becomes £240,000 after 2 years and £360,000 after 3 years. Does anyone know what it cost the Directors to buy into BRFC and would newcomers be welcome? If the Club was in financial difficulty perhaps it might open doors that may be firmly closed at the moment. Simply donating the fund to the Club would not be an option. To view the Fund as too small, so lets not even try, leaves you ending up with more of the same incompetence/ complacency/ failure that got us relegated from the Football League. The BoD could only see what was happening when it was far too late and they failed to act appropriately ,whereas many Supporters saw it much, much earlier. We need a Dennis Skinner representing us in my view because the BoD simply threw away so much of what we treasured.
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Post by philbemmygas on Jul 21, 2014 11:15:33 GMT
Phil, I think that rather depends upon who controls that mythical entity, "incremental revenue streams" don't you? I think you may have misread my question. the intimation was that there could be investors behind Brisa, true or not?
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Post by lockleazer on Jul 21, 2014 11:34:58 GMT
Phil, I think that rather depends upon who controls that mythical entity, "incremental revenue streams" don't you? I think you may have misread my question. the intimation was that there could be investors behind Brisa, true or not? Morning Phil, (you going tonight? cheers Tom) We/BRISA have a basic constitution and a small set of aims as set out clearly on the website (hopefully with members input we can build on those) you can also read them in posts on here and the IF, as far as i know (and i reckon the 2/3 others involved would have told me) we have no sheiks/lansdowns/americans financing us in some type of coup to secure the club , i dont know what, why or who believes we are hiding some sort of hidden adgenda, couldnt be further from the truth!! Even the club trust us enough to hold our meeting on the premises. The idea of BRISA ia to have a independent voice of the fans to put forward ideas to improve Bristol Rovers Football Club, I'm sure there will some rasing of cash towrds things asap (at the moment the plan was to put it toward Bristol Rovers Community Department ) I cant stress enough that this is about YOU the fans and improving OUR club, its up to the members to put forward the ideas that will push the direction in which the fans want BRISA to go, its not about 3 individuals who just happened to have done the donkey work to enable BRISA to be set up ... now is our time as fans to stand up and do what we think is needed to improve our club , its not Anti board, anti manager , anti chairman... Its PRO IMPROVEMENT plain and simple p.s If anyone knows any saudi princes or gashead billionares feel free to send them the joining details www.bristolroversisa.org.join
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Post by philbemmygas on Jul 21, 2014 11:47:07 GMT
Tom, thanks for that it was the intimation within the post that made me question him!
I am glad that the club has provided a venue, you may recall I suggested such a thing at the Welly group meeting.
See you soon to buy you that pint or two
Phil
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Post by lockleazer on Jul 21, 2014 11:53:07 GMT
Tom, thanks for that it was the intimation within the post that made me question him! I am glad that the club has provided a venue, you may recall I suggested such a thing at the Welly group meeting. See you soon to buy you that pint or two Phil Understood, sorry the rest of the post of mine was ageneral thing as to a few suggestions on here and the IF, yep took on board what yourself and afew others suggested and thats what its all about. see u soon mate
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