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View Poll Results: How would you like the future ownership of Wrexham AFC to be?
WST 100% Control 30 12.10%
WST Part Ownership 146 58.87%
Full Sale 68 27.42%
Other. Please State. 4 1.61%
Voters: 248. You may not vote on this poll

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Old 22nd June 2020, 13.33:08   #64-0 (permalink)
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Default Re: Club Ownership

Quote:
Originally Posted by Bagger Vance View Post
Firstly it depends on the share structure, majority shareholding gives voting rights but does not render other shareholders protectionless. Over 20% gives the ability to injunct for example should actions be deemed not to be in the interests of the whole. Worth noting that Directors legal responsibiltiies are for all shareholders not just the 51% so there is legal protection in fidiciary duty to protect minority holders as well (there are plenty of legal examples where fiduciary duty has been breached by a majority holder).

There are also complexities in the make up of the majority shareholding, if its one individual then its cleaner but if its an incorporated body then they may also have sub sets of shareholders that may not have 51% of the holding company voting rights.

My own scenario is one where 3 of us hold the overall majority but none of us over 50% so 2 of us always have to agree to get a majority which means protection by duality and better decision making.

Therefore a good outcome could be deemed to be a consortium of 3, however another good outcome could be trusted partner (which worked well for Brentford) and control transfered over time. There is not necessarilly a black and white solution that is perfect, its all about the parties, the trust between them and the challenge presented.

In this case I think a capital injection in excess of £1m in needed to re-capitalise the company, provide effective short to medium term working capital as well as returning the infrastructure and working environment to something that could deliver long term, sustainable success. Could this be done by one individual, potentially, could it be better served by a group, also potentially. A lot depends on who is willing and available and what they bring to the party.

If I was to liquidate assets for example I'd be far happier to share the burden than to take it on 100% because I'd be sensible enough to know my capital limitiations. So if one person became available who had a net worth of £15-£20m then you could argue they could be the best option, however its likely to be more achievable to get 3 people worth £5m each.

Minimum I would say is someone needs to be able to write off in the short to medium term 10% of their capitalised worth to turn this thing around.

The big challenge is finding people who are liquid enoth, there are plenty of people with the sort of net worth that could on paper be seen to afford it but not as many who have the funds in capitalised form that is needed.
Thanks for the reply BV. Helps to put some options on the table. Personally think the Wimbledon method is quite good.
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Old 22nd June 2020, 13.38:31   #65-0 (permalink)
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Default Re: Club Ownership

So, do we think there is a buyer looming?
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Old 22nd June 2020, 14.07:08   #66-0 (permalink)
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Default Re: Club Ownership

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It's not my forecast regarding mass unemployment it's inevitable.
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Define mass unemployment. No one knows the numbers and therefore no one knows the fall out from it.
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Old 22nd June 2020, 14.19:52   #67-0 (permalink)
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Originally Posted by Back of the Kop View Post
Define mass unemployment. No one knows the numbers and therefore no one knows the fall out from it.

Define mass highest since after the war even since Thatcher in the 80s.... It's not my forecast it's what I've read... You're forgetting lots of people on furlough at the moment everything is rosey, but businesses are losing money hand over fist, this countries main employment since Thatcher & Blair is in the financial markets of London, the North is mainly in poorly paid bars, restaurants,shops, leisure etc etc...
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Old 22nd June 2020, 14.33:22   #68-0 (permalink)
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I think a buyer will need to be in place before football resumes to attract a decent player to the club,as it is now only the bottom of the barrel player would come here. Last resort.
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Old 22nd June 2020, 14.56:07   #69-0 (permalink)
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I voted full sale but on the basis the club is sold to some sort of consortium with local links.
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Old 22nd June 2020, 15.19:58   #70-0 (permalink)
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Default Re: Club Ownership

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Unless a cure is a found to the virus it cannot be, lots of clubs in the lower leagues could hold under.
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Depends if you believe all the hype and scaremongering I suppose.
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Old 22nd June 2020, 15.45:46   #71-0 (permalink)
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Depends if you believe all the hype and scaremongering I suppose.

Yes 42000 deaths is just a drop in the ocean just scare mongering, tell that's to the relatives of those who have died because of an inept government.
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Old 22nd June 2020, 16.15:01   #72-0 (permalink)
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Default Re: Club Ownership

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Originally Posted by John Neals Dynasty View Post
Yes 42000 deaths is just a drop in the ocean just scare mongering, tell that's to the relatives of those who have died because of an inept government.
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They are your words not mine.

None of this means football won't return to normal.
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