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The CFSS Board will be putting a proposal to the Society's members by postal ballot.
This proposal involves the selling of the CFSS shares to the new investor with the money being used to fund the Community Stand.
There will be a question and answer brief with the voting forms.
If you have questions please pose them here. Can you state whether you are a member when you post?
I will remove any general debate on this thread- there is plenty of opportunity to debate on other threads.
Shares proposal What does it mean?
#2
Ernie Ernie Ernie 
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Posted 13 February 2009 - 12:27 AM
dalekpete, on Feb 12 2009, 11:45 PM, said:
The CFSS Board will be putting a proposal to the Society's members by postal ballot.
This proposal involves the selling of the CFSS shares to the new investor with the money being used to fund the Community Stand.
There will be a question and answer brief with the voting forms.
If you have questions please pose them here. Can you state whether you are a member when you post?
I will remove any general debate on this thread- there is plenty of opportunity to debate on other threads.
This proposal involves the selling of the CFSS shares to the new investor with the money being used to fund the Community Stand.
There will be a question and answer brief with the voting forms.
If you have questions please pose them here. Can you state whether you are a member when you post?
I will remove any general debate on this thread- there is plenty of opportunity to debate on other threads.
Why isn't the investor going to be formally named before the voye? Yes
#3 Guest_spireiteblue_*
Posted 13 February 2009 - 10:54 AM
Is the £233,000 extra to the already quoted £4 million,making the sum £4,233,000.....and yes....
#4 Guest_Mark Jones_*
Posted 13 February 2009 - 11:02 AM
Can you clarify that members of CFSS are going to be asked to vote on the sale of CFSS shares to someone, no one apart from the Chairman of CFC knows??
Does CFSS have sufficient documentary information that this new investor has the money to actually buy said shares?
Would the chairman of CFSS consider selling shares to someone he doesn't know?
No
Does CFSS have sufficient documentary information that this new investor has the money to actually buy said shares?
Would the chairman of CFSS consider selling shares to someone he doesn't know?
No
#5
Webster
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Posted 13 February 2009 - 02:04 PM
Pete as discussed earlier
What would a NO vote actually mean ?
Will there be any other safe guards in place to ensure the Club against future fraudsters other than the Sporting Covenant ?
Would the Club/ Mr X be willing to grant or even discuss future safe guards beyond the above?
What would a NO vote actually mean ?
Will there be any other safe guards in place to ensure the Club against future fraudsters other than the Sporting Covenant ?
Would the Club/ Mr X be willing to grant or even discuss future safe guards beyond the above?
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#6 Guest_Alex Green_*
Posted 13 February 2009 - 03:38 PM
would the Mystery person reveal himself to CFSS members as to make it clear that it is actually Mr Hubbard trying to get 100% of the shares?
#7
malcolmr13
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Posted 13 February 2009 - 04:46 PM
dalekpete, on Feb 12 2009, 11:45 PM, said:
The CFSS Board will be putting a proposal to the Society's members by postal ballot.
This proposal involves the selling of the CFSS shares to the new investor with the money being used to fund the Community Stand.
There will be a question and answer brief with the voting forms.
If you have questions please pose them here. Can you state whether you are a member when you post?
I will remove any general debate on this thread- there is plenty of opportunity to debate on other threads.
This proposal involves the selling of the CFSS shares to the new investor with the money being used to fund the Community Stand.
There will be a question and answer brief with the voting forms.
If you have questions please pose them here. Can you state whether you are a member when you post?
I will remove any general debate on this thread- there is plenty of opportunity to debate on other threads.
If the CFSS/CFC member(s) know who the investor group are could this ie the fact not the identities if confidentiality prevails, be made clear in the brief.
Will the brief seek support for any future request to transfer proxy voting of the "free" shares to CFSS.
Can the "non-football" grant opportunities for the Community Stand element still be pursued if the proposal is carried, ie can the case be made and monies received when the project has been alternatively funded.
Is there any reason for the proposal other than allowing CFSS to show solidarity with the Community Project .
Yes
#8
Wooden Spoon
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Posted 13 February 2009 - 05:05 PM
dalekpete, on Feb 12 2009, 11:45 PM, said:
The CFSS Board will be putting a proposal to the Society's members by postal ballot.
This proposal involves the selling of the CFSS shares to the new investor with the money being used to fund the Community Stand.
There will be a question and answer brief with the voting forms.
If you have questions please pose them here. Can you state whether you are a member when you post?
I will remove any general debate on this thread- there is plenty of opportunity to debate on other threads.
This proposal involves the selling of the CFSS shares to the new investor with the money being used to fund the Community Stand.
There will be a question and answer brief with the voting forms.
If you have questions please pose them here. Can you state whether you are a member when you post?
I will remove any general debate on this thread- there is plenty of opportunity to debate on other threads.
Why all the shares and not a smaller amount, leaving CFSS with a holding?
How can we possibly decide if the sale is in the clubs best interest if we dont know who the buyer is?
Why wont the buyer reveal himself?
What would happen if the vote is no? Would it mean no take over or no facilities?
Life member.
A new hope.
#9 Guest_MP-Spire_*
Posted 13 February 2009 - 08:01 PM
Why not increase the share capital to a level that allows for the £4M investment?
If the proposal is successful and CFSS sell their 233K shares, what impact will this have on its corporate influence?
What is an EGM and who can call one and for what reasons would one be called?
How many shares do CFSS need to call an EGM?
Does the investor have a history with shareholder groups?
What’s the Club’s exit strategy if the investor wants to sell his shareholding in the future?
How do we ensure the investor doesn’t leave the Club in limbo if he takes his bat and ball home? Note SWFC under the guidance of Kaven Walker after the resignation of their Chairman, Dave Allen.
How do we ensure the new investor doesn’t sell to a Darren Brown or a Keith Haslam in the future?
What safeguards are in place to ensure we have a football club at Dema?
What safeguards are in place to ensure that the ground is never sold from under the football club and or leased back?
What level of return is the investor anticipating per annum on his £4M investment?
Not a CFSS member, but a season ticket holder, shareholder and sponsor.
If the proposal is successful and CFSS sell their 233K shares, what impact will this have on its corporate influence?
What is an EGM and who can call one and for what reasons would one be called?
How many shares do CFSS need to call an EGM?
Does the investor have a history with shareholder groups?
What’s the Club’s exit strategy if the investor wants to sell his shareholding in the future?
How do we ensure the investor doesn’t leave the Club in limbo if he takes his bat and ball home? Note SWFC under the guidance of Kaven Walker after the resignation of their Chairman, Dave Allen.
How do we ensure the new investor doesn’t sell to a Darren Brown or a Keith Haslam in the future?
What safeguards are in place to ensure we have a football club at Dema?
What safeguards are in place to ensure that the ground is never sold from under the football club and or leased back?
What level of return is the investor anticipating per annum on his £4M investment?
Not a CFSS member, but a season ticket holder, shareholder and sponsor.
#10 Guest_MP-Spire_*
Posted 13 February 2009 - 08:08 PM
dalekpete, on Feb 12 2009, 11:45 PM, said:
The CFSS Board will be putting a proposal to the Society's members by postal ballot.
This proposal involves the selling of the CFSS shares to the new investor with the money being used to fund the Community Stand.
There will be a question and answer brief with the voting forms.
If you have questions please pose them here. Can you state whether you are a member when you post?
I will remove any general debate on this thread- there is plenty of opportunity to debate on other threads.
This proposal involves the selling of the CFSS shares to the new investor with the money being used to fund the Community Stand.
There will be a question and answer brief with the voting forms.
If you have questions please pose them here. Can you state whether you are a member when you post?
I will remove any general debate on this thread- there is plenty of opportunity to debate on other threads.
Pete,
Considering the nature and importance of this vote, do you think a Q&A sheet is sufficient? Surely there's some mileage in having a meeting at the Olde House to discuss the pros and cons.
#11
azul
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Posted 14 February 2009 - 01:28 PM
Once the investor obtains the CFSS shares, will they be in a position to force individuals to relinquish their shares, so the club is owned outright, e.g. as was done at Chelsea.
This post has been edited by azul: 14 February 2009 - 01:28 PM
Accentuate th Positive, eliminate the negative
#12 Guest_spireiteblue_*
Posted 14 February 2009 - 01:48 PM
azul, on Feb 14 2009, 01:31 PM, said:
Once the investor obtains the CFSS shares, will they be in a position to force individuals to relinquish their shares, so the club is owned outright, e.g. as was done at Chelsea.
£200 he can have mine lol.....
#13
financejon
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Posted 16 February 2009 - 10:31 PM
How many individuals "own" the £233000 shares? Is there a tax implication to selling shares owned personally at a profit and then giving them away as a gift to the Club? Why is the selling of the cfss shares so important in the context of a £4m investment? Yes, I am a member of cfss.
#14
TOTONRABBIT
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Posted 20 February 2009 - 11:02 AM
could this sale share not go towards building a standing kop(upto 50%(approx) of town fans stand at each home game) then charge £1 per match extra in new ground to complete the community bit(falsehope for sure)
ashy
ashy
#15
Wooden Spoon
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Posted 22 February 2009 - 12:16 AM
azul, on Feb 14 2009, 01:31 PM, said:
Once the investor obtains the CFSS shares, will they be in a position to force individuals to relinquish their shares, so the club is owned outright, e.g. as was done at Chelsea.
Not true, the individual share holdings mean the rest of capital is not high enough to force a 100% buy out.
I believe this was a SOP given to CFSS at the very start of these talks. Why else would they give away the shares?
A new hope.
#16
Wooden Spoon
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Posted 22 February 2009 - 12:19 AM
jm1452, on Feb 16 2009, 10:34 PM, said:
How many individuals "own" the £233000 shares? Is there a tax implication to selling shares owned personally at a profit and then giving them away as a gift to the Club? Why is the selling of the cfss shares so important in the context of a £4m investment? Yes, I am a member of cfss.
None.
the individual members shares are over and above the CFSS block.
The issue here is not how many shares, but the number of shares owned in a block(and thus a threat)at any AGM or even to call an EGM
A new hope.
#17
DIFH
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Posted 25 February 2009 - 12:49 PM
TOTONRABBIT, on Feb 20 2009, 11:05 AM, said:
could this sale share not go towards building a standing kop(upto 50%(approx) of town fans stand at each home game) then charge £1 per match extra in new ground to complete the community bit(falsehope for sure)
ashy
ashy
I think you will find that the grants for our stadia are on the understanding that it is all seater stadia.
God I hate this league.
#18
azul
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Posted 28 February 2009 - 05:58 PM
death, on Feb 22 2009, 12:19 AM, said:
Not true, the individual share holdings mean the rest of capital is not high enough to force a 100% buy out.
I believe this was a SOP given to CFSS at the very start of these talks. Why else would they give away the shares?
I believe this was a SOP given to CFSS at the very start of these talks. Why else would they give away the shares?
With all due respect DEATH I would like the question to be answered by CFSS and not by you, so I'll ask it again.....
Once the investor obtains the CFSS shares, will they be in a position to force individuals to relinquish their shares, so the club is owned outright, e.g. as was done at Chelsea?
And
What will be the exact percentage shareholdings before and after any sale of CFSS?
Accentuate th Positive, eliminate the negative
#19
The Earl of Chesterfield
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Posted 01 March 2009 - 07:47 PM
Why is the 'Mystery Invester' so keen to nullify a democratically run supporter's society?
No.
No.
Spanish proverb: 'Pessimists are just well informed optimists'
#20
Town_Fan
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Posted 01 March 2009 - 08:39 PM
azul, on Feb 28 2009, 06:01 PM, said:
With all due respect DEATH I would like the question to be answered by CFSS and not by you, so I'll ask it again.....
Once the investor obtains the CFSS shares, will they be in a position to force individuals to relinquish their shares, so the club is owned outright, e.g. as was done at Chelsea?
And
What will be the exact percentage shareholdings before and after any sale of CFSS?
Once the investor obtains the CFSS shares, will they be in a position to force individuals to relinquish their shares, so the club is owned outright, e.g. as was done at Chelsea?
And
What will be the exact percentage shareholdings before and after any sale of CFSS?
Dont remember it happening at Chelsea but Glazer did it at Man Utd. Its something like well over 90% (more like 95%) before compulsory purchases of the rest of the shares can be made. Glazer for example held 97% of the shares before he was allowed to purchase the rest.
Edit: After having a butchers on the net Glazer had to get 97.8% to force compulsory purchases.
This post has been edited by Town_Fan: 01 March 2009 - 09:07 PM
Guess I picked the wrong week to quit sniffing glue!
