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Old 11th June 2019, 10.48:17   #41-0 (permalink)
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Originally Posted by Quay Red View Post
Whilst fully supporting trust ownership, I envisage a time in the not to distant future, irrespective of success or lack of on the field, that some form of duality, similar to that at other clubs will need to be looked at.
There is an obvious and not unreasonable fear of a repetition of the Hamilton and Moss eras but ownership of the club is with the trust.
We should now start looking long term in trying to purchase the ground or look to relocate, even if this was to be done over 10 or 20 years. This I feel is an area where controlled share issue could be beneficial.
Own the ground? For most of our time as a club we have not owned it, as for relocating we would never have the money to do that we can barely afford to compete at this level with smaller clubs.

Relocation is a pipe dream the cost of land alone is astronomical, hell we can't even afford to flatten the Kop or purchase the land behind it.

To relocate we would need a sugar daddy like the valencia one who owns Salford.
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Old 11th June 2019, 10.52:25   #42-0 (permalink)
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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.

Last edited by pagl; 11th June 2019 at 10.54:31..
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Old 11th June 2019, 11.14:38   #43-0 (permalink)
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Originally Posted by pagl View Post
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.
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.
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Old 11th June 2019, 11.18:59   #44-0 (permalink)
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Have to say thats sad. But understand.
Experience and knowledge such as yours could push us to the next level.

The current regime is likely to keep us where we are as the last years have shown.
We tried to buy the freehold of the ground from Glyndwr prior to purchasing the 99 year lease in 2016. Glyndwr were apparently not willing to sell it to us.
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Old 11th June 2019, 11.45:33   #45-0 (permalink)
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Originally Posted by Todd Sweeney View Post
We tried to buy the freehold of the ground from Glyndwr prior to purchasing the 99 year lease in 2016. Glyndwr were apparently not willing to sell it to us.
However WCBC are courting them at the moment alongside the MR regen.
The ground isnt really benefitting them is it?
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Old 11th June 2019, 11.50:20   #46-0 (permalink)
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Aren't we able to pay off the 99 year lease in lump sums over the annual rent?

We could pay a million now and be rent free for the rest of the lease term...
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Old 11th June 2019, 11.54:04   #47-0 (permalink)
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Aren't we able to pay off the 99 year lease in lump sums over the annual rent?

We could pay a million now and be rent free for the rest of the lease term...
Think the sum is £1.35 million but yes it's possible.
We still wouldn't own anything and still have to do the repairs and maintenance. Plus the UNI still control what we can do.
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Old 11th June 2019, 12.00:49   #48-0 (permalink)
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Think the sum is £1.35 million but yes it's possible.
We still wouldn't own anything and still have to do the repairs and maintenance. Plus the UNI still control what we can do.
Sounds pointless as football should come first, get back in the league... I remember Darlington having a fantastic ground they couldn't afford, Coventry Glyndwr could do to us what the renting of their ground did to them.
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Old 11th June 2019, 13.01:32   #49-0 (permalink)
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Default Re: Football club ownership model

Quote:
Originally Posted by Quay Red View Post
Whilst fully supporting trust ownership, I envisage a time in the not to distant future, irrespective of success or lack of on the field, that some form of duality, similar to that at other clubs will need to be looked at.
There is an obvious and not unreasonable fear of a repetition of the Hamilton and Moss eras but ownership of the club is with the trust.
We should now start looking long term in trying to purchase the ground or look to relocate, even if this was to be done over 10 or 20 years. This I feel is an area where controlled share issue could be beneficial.
Can we get out of the lease easily, and without too much cost?
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Old 11th June 2019, 13.48:31   #50-0 (permalink)
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Quote:
Originally Posted by Quay Red View Post
Whilst fully supporting trust ownership, I envisage a time in the not to distant future, irrespective of success or lack of on the field, that some form of duality, similar to that at other clubs will need to be looked at.
There is an obvious and not unreasonable fear of a repetition of the Hamilton and Moss eras but ownership of the club is with the trust.
We should now start looking long term in trying to purchase the ground or look to relocate, even if this was to be done over 10 or 20 years. This I feel is an area where controlled share issue could be beneficial.
Now is the bloody time and if we struggle this season it will force their hands.
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Last edited by dixienormous; 11th June 2019 at 13.50:57..
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