Quote:
Originally Posted by pagl
So what would the price per share be?
25% of what figure and therefore how many shares?
What would be the maximum %age 1 person could buy?
Which board would the group get a place on as 25% would seem a big number depending on how many shares?
I assume this would be a non-working board and the WST elected board would still continue?
I assume the shares would pay a dividend like any other share and the assumption would be that as fans we would donate it back to the club?
Personally I think the WAFC operational board needs to have the capital injection - in some way. However your suggestion would seem to address an immediate need for cash, however if used directly on the first team budget and once spent then its gone. I would therefore assume the capital would be used strategically and that is something the WST are currently struggling with.
I think the idea definitely has legs if presented the right way and it didn't go down the community share route which is now totally fked.
|
Just an idea of structure
Create 2000 shares @ £500 each initial offer price.
Maximum initial offer limited to 200 shares per person although like any share can be traded thereafter.
Maximum 25% share structure for b shares with WST holding 75% a shares.
If the total is not taken up then the 25% b block pro rata down and a shares up.
The 25% block gets one Director in a non executive capacity on the club board, voted for on a 1 share per vote basis.
Ring fence the initial investment with a minimum 50% on football infrastructure projects. 25% on ground and 25% towards capital injection into running costs.