Quote:
Originally Posted by pagl
So to keep things simple...
Could we create a share issue to buy the ground?
Would this be shares in the company that are responsible for the rent and the events? If that makes sense.
I assume a sensible price would be £200 and 10,000 shares for the £2m needed.
Is this viable?
In terms of a relocation option then WCBC would have to provide land at a sensible price.
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Create a dual share class.
Class A - 51% or more owned by the Trust, one member one vote
Class B - 49% or less owned conventionally by shareholders on one share one vote basis with a nominated non Exec or two.
It needs a dilution of the purity of the politics - a trade off for pragmatism but allows for 2 sets of capital fundraising.
Having two classes also means the Trust could invest their further capital either increasing the class A percentage or forcing a class B share issue to maintain percentage parity.
A real push on something like this could raise substantial funds for asset restructuring or investment. It also creates really healthy duality, the Trust couldn't be seen to be hiding anything as they would be subjected to oversight.
Will the supporters of the political purity of 100% fans ownership go for it - history tells me hell will freeze over 1st.