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Post by jaunkerr on Feb 16, 2017 14:00:22 GMT
I'm still amazed that Abramovich is continuing to bankroll Chelski, as I can't believe he's made any real money from that enterprise. I would have thought he would be bored by now and want another yacht rather than stump up the cash for a stadium redevelopment. Perhaps he still gets a buzz from it that he can't get anywhere else and maybe, just maybe, the same is true for Wael. We will just have to hope that the rest of the AQ family feel the love too. Amongst the super wealthy, owning a football club carries some kudos with it. We don't have an Abramovich type of owner but a family and I believe this is what will be of bigger benefit. We are in very early days of the new owners yet, because of the many years of failed and broken promises, many think we should see things change super quickly. If you have a proper look then you will see that the Al Qadi family habe done a hell of a lot and this ride is going to be an exciting one. I, for one, truly believe they want to build us into a tip top club. I habe no worries at all about their plans but I do worry that impatient fans could make them feel that they should move on. We need to quit the negative stuff and forensic questioning right now and look forward to becoming a club that is self sustaining and best club in the West Country.
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Post by Deleted on Feb 16, 2017 14:17:59 GMT
You said, and I quote "The club is 25% owned by the 4 Al-Qadi's" When, in fact it quite clearly is not. A bit different to what you said here. I didn't say which club though, it could have been Dwane Sports Ltd or BRFC1883 Ltd I was referring to (even if it wasn't!) ![](http://i105.photobucket.com/albums/m229/coopermichael1/Mobile%20Uploads/2017-02/2475C2DB-59F2-4E40-AF37-B207143A166B_zpsrh7v5z4i.jpg)
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Post by countygroundhotel on Feb 16, 2017 14:20:34 GMT
Maybe not irrelevant to the 8% shareholding who could be asked to 'cough up' their 8% contribution to the total package - (£4m - £5m possibly) to maintain their stake? Not irrelevant at all. The 8% is only 8% and not 25% + because those that signed the sharescheme document didn't allow for share issues that have already diluted the projected holding. The 8% does come into relevance when the Mem gets sold for perhaps £15m. Now all shareholders could agree to invest the money in a stadium they all have a share of or as Dwane Sports will own the new stadium BRFC 1883 could distribute that by way of a special dividend to all shareholders, those shareholders would then be free to do what they wanted with their dividend. A final choice could be to leave the circa £15m to be invested in assets owned by BRFC 1883 (they won't own the training ground or stadium) which would be the playing squad. Interesting times for those that can think for themselves. Of course some posters that can't think for themselves believe that 8% of perhaps £15m is an irrelevance
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Post by 2nd May 1990 on Feb 16, 2017 14:22:15 GMT
he did, but he also said the other 8% don't really matter when it comes to anything important
semantics
Thank god greater minds than yours and toppers laid down the rules of mathematics years ago. And that smaller minds than Toppers' laid down the rules of pedantry?
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Post by Deleted on Feb 16, 2017 14:40:59 GMT
You said, and I quote "The club is 25% owned by the 4 Al-Qadi's" When, in fact it quite clearly is not. A bit different to what you said here. I didn't say which club though, it could have been Dwane Sports Ltd or BRFC1883 Ltd I was referring to (even if it wasn't!) Since when have Dwane Sports Ltd been a club? Just admit it topper, you got basic mathematics wrong, and you aren't that bright.(I mean even Hugo the Elder got it correct...)
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Post by EastVanGas on Feb 16, 2017 14:42:11 GMT
Maybe not irrelevant to the 8% shareholding who could be asked to 'cough up' their 8% contribution to the total package - (£4m - £5m possibly) to maintain their stake? Not irrelevant at all. The 8% is only 8% and not 25% + because those that signed the sharescheme document didn't allow for share issues that have already diluted the projected holding. The 8% does come into relevance when the Mem gets sold for perhaps £15m. Now all shareholders could agree to invest the money in a stadium they all have a share of or as Dwane Sports will own the new stadium BRFC 1883 could distribute that by way of a special dividend to all shareholders, those shareholders would then be free to do what they wanted with their dividend. A final choice could be to leave the circa £15m to be invested in assets owned by BRFC 1883 (they won't own the training ground or stadium) which would be the playing squad. Interesting times for those that can think for themselves. Of course some posters that can't think for themselves believe that 8% of perhaps £15m is an irrelevance I don't quite see your point and perhaps you could explain your reasoning/understanding. As I see it, any resolution to distribute a special dividend would need to be passed by a majority of shareholders. As Dwane own the 92%, unless their wish was to distribute the proceeds of the sale of Mem (the £15M) amongst its members (i.e the shareholders), then I can't see how the minority shareholders would have any say of where the proceeds ended up. Surely the 92% have the final say in deciding how the proceeds of the sale of the Mem are used?
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Post by countygroundhotel on Feb 16, 2017 14:52:29 GMT
Not irrelevant at all. The 8% is only 8% and not 25% + because those that signed the sharescheme document didn't allow for share issues that have already diluted the projected holding. The 8% does come into relevance when the Mem gets sold for perhaps £15m. Now all shareholders could agree to invest the money in a stadium they all have a share of or as Dwane Sports will own the new stadium BRFC 1883 could distribute that by way of a special dividend to all shareholders, those shareholders would then be free to do what they wanted with their dividend. A final choice could be to leave the circa £15m to be invested in assets owned by BRFC 1883 (they won't own the training ground or stadium) which would be the playing squad. Interesting times for those that can think for themselves. Of course some posters that can't think for themselves believe that 8% of perhaps £15m is an irrelevance I don't quite see your point and perhaps you could explain your reasoning/understanding. As I see it, any resolution to distribute a special dividend would need to be passed by a majority of shareholders. As Dwane own the 92%, unless their wish was to distribute the proceeds of the sale of Mem (the £15M) amongst its members (i.e the shareholders), then I can't see how the minority shareholders would have any say of where the proceeds ended up. Surely the 92% have the final say in deciding how the proceeds of the sale of the Mem are used? Correct but the 92% can't award themselves 100% of the proceeds, each individual share will get the same dividend irrespective of who owns that share. Though as you quite rightly point out the minority shareholders couldn't block a special (or even normal) dividend. Hence there is a large difference between 92% and 100% despite what some mathematically challenged posters say on here.
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Post by EastVanGas on Feb 16, 2017 15:07:54 GMT
I don't quite see your point and perhaps you could explain your reasoning/understanding. As I see it, any resolution to distribute a special dividend would need to be passed by a majority of shareholders. As Dwane own the 92%, unless their wish was to distribute the proceeds of the sale of Mem (the £15M) amongst its members (i.e the shareholders), then I can't see how the minority shareholders would have any say of where the proceeds ended up. Surely the 92% have the final say in deciding how the proceeds of the sale of the Mem are used? Correct but the 92% can't award themselves 100% of the proceeds, each individual share will get the same dividend irrespective of who owns that share. Though as you quite rightly point out the minority shareholders couldn't block a special (or even normal) dividend. Hence there is a large difference between 92% and 100% despite what some mathematically challenged posters say on here. Sorry if my understanding is amiss, but couldn't the Co which currently owns the Mem simply resolve to loan the proceeds of sale of the Mem to the Co which is to build and own the new stadium (Dwane), bypassing any need for dividends?
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Post by Deleted on Feb 16, 2017 15:22:51 GMT
Correct but the 92% can't award themselves 100% of the proceeds, each individual share will get the same dividend irrespective of who owns that share. Though as you quite rightly point out the minority shareholders couldn't block a special (or even normal) dividend. Hence there is a large difference between 92% and 100% despite what some mathematically challenged posters say on here. Sorry if my understanding is amiss, but couldn't the Co which currently owns the Mem simply resolve to loan the proceeds of sale of the Mem to the Co which is to build and own the new stadium (Dwane), bypassing any need for dividends? Feck me, my head nearly exploded reading that!
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Post by Hugo the Elder on Feb 16, 2017 15:30:06 GMT
I didn't say which club though, it could have been Dwane Sports Ltd or BRFC1883 Ltd I was referring to (even if it wasn't!) Since when have Dwane Sports Ltd been a club? Just admit it topper, you got basic mathematics wrong, and you aren't that bright.(I mean even Hugo the Elder got it correct...) Wait, what...?
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Post by EastVanGas on Feb 16, 2017 15:39:55 GMT
Thought it might be relevant to note that a new company has been incorporated in Jersey named "Dwane Colony Limited". I'm guessing this company will operate the training facility.
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Post by Antonio Fargas on Feb 16, 2017 15:56:39 GMT
Thought it might be relevant to note that a new company has been incorporated in Jersey named "Dwane Colony Limited". I'm guessing this company will operate the training facility. My understanding is that Dwane Colony owns 25% of Dwane, which obviously in turn owns between 92% and 93% of BRFC. BRFC have bought a 40% stake in Dwane Colony to cover liabilities on its 20% stake in Dwane. The SC has used its 7 to 8% of BRFC to leverage 6% of Dwane Colony, and a further option of 8% and 10% respectively of Dwane and Dwane Colony's stake in Dwane. But that is all dependant on Samir agreeing to consolidate his 25% of the 92 to 93% of BRFC with two thirds of Wael's 25% of Dwane. So the only real question is how much of Dwane Colony do the SC own?
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Post by Deleted on Feb 16, 2017 15:57:23 GMT
Thought it might be relevant to note that a new company has been incorporated in Jersey named "Dwane Colony Limited". I'm guessing this company will operate the training facility. I'm off to Jersey on Saturday. I might take them a bag of cakes but I expect the company is just a plaque on a wall.
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Post by Deleted on Feb 16, 2017 15:58:31 GMT
Thought it might be relevant to note that a new company has been incorporated in Jersey named "Dwane Colony Limited". I'm guessing this company will operate the training facility. My understanding is that Dwane Colony owns 25% of Dwane, which obviously in turn owns between 92% and 93% of BRFC. BRFC have bought a 40% stake in Dwane Colony to cover liabilities on its 20% stake in Dwane. The SC has used its 7 to 8% of BRFC to leverage 6% of Dwane Colony, and a further option of 8% and 10% respectively of Dwane and Dwane Colony's stake in Dwane. But that is all dependant on Samir agreeing to consolidate his 25% of the 92 to 93% of BRFC with two thirds of Wael's 25% of Dwane. So the only real question is how much of Dwane Colony do the SC own? 0% Try nicking that.
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Post by Henbury Gas on Feb 16, 2017 16:01:08 GMT
Thought it might be relevant to note that a new company has been incorporated in Jersey named "Dwane Colony Limited". I'm guessing this company will operate the training facility. My understanding is that Dwane Colony owns 25% of Dwane, which obviously in turn owns between 92% and 93% of BRFC. BRFC have bought a 40% stake in Dwane Colony to cover liabilities on its 20% stake in Dwane. The SC has used its 7 to 8% of BRFC to leverage 6% of Dwane Colony, and a further option of 8% and 10% respectively of Dwane and Dwane Colony's stake in Dwane. But that is all dependant on Samir agreeing to consolidate his 25% of the 92 to 93% of BRFC with two thirds of Wael's 25% of Dwane. So the only real question is how much of Dwane Colony do the SC own? Ah got that now
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Post by countygroundhotel on Feb 16, 2017 16:33:04 GMT
Correct but the 92% can't award themselves 100% of the proceeds, each individual share will get the same dividend irrespective of who owns that share. Though as you quite rightly point out the minority shareholders couldn't block a special (or even normal) dividend. Hence there is a large difference between 92% and 100% despite what some mathematically challenged posters say on here. Sorry if my understanding is amiss, but couldn't the Co which currently owns the Mem simply resolve to loan the proceeds of sale of the Mem to the Co which is to build and own the new stadium (Dwane), bypassing any need for dividends? Yes an option would be to loan the money to Dwane Sports. I'm not an expert on legalities but I'd imagine if it was at 0% interest and not for the benefit of the minority shareholders they could have legal rights to contest it. The minority shareholders could also swap there 'share' for shares in Dwane Sports
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Post by Deleted on Feb 16, 2017 16:45:03 GMT
Thought it might be relevant to note that a new company has been incorporated in Jersey named "Dwane Colony Limited". I'm guessing this company will operate the training facility. My understanding is that Dwane Colony owns 25% of Dwane, which obviously in turn owns between 92% and 93% of BRFC. BRFC have bought a 40% stake in Dwane Colony to cover liabilities on its 20% stake in Dwane. The SC has used its 7 to 8% of BRFC to leverage 6% of Dwane Colony, and a further option of 8% and 10% respectively of Dwane and Dwane Colony's stake in Dwane. But that is all dependant on Samir agreeing to consolidate his 25% of the 92 to 93% of BRFC with two thirds of Wael's 25% of Dwane. So the only real question is how much of Dwane Colony do the SC own? Say again?
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Post by HarryBayles on Feb 16, 2017 17:16:04 GMT
Thought it might be relevant to note that a new company has been incorporated in Jersey named "Dwane Colony Limited". I'm guessing this company will operate the training facility. My understanding is that Dwane Colony owns 25% of Dwane, which obviously in turn owns between 92% and 93% of BRFC. BRFC have bought a 40% stake in Dwane Colony to cover liabilities on its 20% stake in Dwane. The SC has used its 7 to 8% of BRFC to leverage 6% of Dwane Colony, and a further option of 8% and 10% respectively of Dwane and Dwane Colony's stake in Dwane. But that is all dependant on Samir agreeing to consolidate his 25% of the 92 to 93% of BRFC with two thirds of Wael's 25% of Dwane. So the only real question is how much of Dwane Colony do the SC own? 25%
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Post by xplosivgas on Feb 16, 2017 17:41:34 GMT
Can someone check if Dwane UWE Holdings Ltd has been set up yet?
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Post by Topper Gas on Feb 16, 2017 18:02:48 GMT
No but Dwane Blackthorn Stadium Ltd, seems to have been!
Back to the 8% malarkey why doesn't somebody ask for clarification what it means at the SC Q&A tonight, for shareholders?
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