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I think this may be a very shrewd move by the board and a little bit of a race against time which has forced their hand. If Morton House are trying to find buyers and they have the proxy vote it's highly unlikely that they are going to want to stump up any extra cash. The share issue may also put off any potential buyers as now their is a risk that there investment needs to be increased in order to gain the same percentage of shares. Worst cases, resolution isn't passed, there is a bigger uptake of any share issue by the mercenaries. Best case, the good guys increase share percentage to stave off the hostile takeover.
Aston Villa 2 vs Newcastle Utd 1 Stoke City 1 vs Nottingham Forest 0 Gillingham 1 vs Morecambe 2 Carlisle Utd 2 vs Leyton Orient 3 Livingstone 0 vs Motherwell 1
The sentence of interest in this article for me is: The EFL has been provided with information on the ultimate beneficial owner, along with proof, source and sufficiency of funds. “Quoted by Andy Curran”
This suggests that Andy Curran and Darrel Rose are not the investors but the two people who would be proposed as board members.
This then begs the question of who would be the ultimate beneficial owner, Surely not Lee Power given his issues at Swindon.
Who are these two fronting for? The similarities to the Al-Jezeera documentary are staggering.
I thought he had signed a pre contract with us but can’t seem to find the article. Turns 17 next month so hopefully see some news about contract signing
I would suggest fans hold onto their money for now and wait to see what happens with a proposed share issue. It is unlikely that any other private seller would be gracious enough to put their sale profits back into the club. What AK has done is massive for the future of the club, if Curran/Rose had managed to get to the 40% and any future share issue wasn't fully subscribed, it could have led to them eeking towards a majority shareholding. This in my opinion is now a dead duck. What you have with any future share issue is a group of existing holders who will likely not want to pursue new purchases. This in itself will allow people with the club truly at heart to increase shareholdings and dilute any control the bad apples have.
No idea what the link to Rose is. Curran is supposedly involved with Power at Swindon town, his son Taylor Curran plays for them. Section’s of the fans think he only gets a game every week because his Dad is running the show. Can find very little info on the guy other than that. https://www.swindonadvertiser.co.uk/news/19244300.swindon-town-ownership-wrangle I bit about what’s currently going on with Swindon which is very messy
It’s all very strange! You have a business holding £188 on the books in 2019 having successfully brokered deals at 3 clubs and being mentioned at the likes of Hull, Newcastle, Middlesbrough.
Whatever it is, I think we may be in for a continuation of the turbulence
It wouldn’t surprise me to find Altman and Marcelli being involved.
They came into the club hoping to buy shares and takeover. Talks broke down with the old regime and they fought against the release of shares to someone else.
This wasn’t for the benefit of the club, this was to benefit them. I believe with a change in the boardroom, there would have been a hope that talks could move forward.
Instead the board has openly stated they want to release shares to the fans. Altman and Marcelli don’t want to invest more to still hold the same percentage of ownership.
This in my opinion will have forced their hand to act prior to any EGM. Not wanting to disgruntle the fans they employ a company to approach shareholders.
Maybe far fetched but not out of the realms of possibility.
Appears blackbridge sports have had involvement in takeovers at Peterborough, Barnsley and Woking. The also had some involvement in a failed ico at Avai fc but there is little information out there.
Two thoughts spring to mind,
Firstly they are working for Altman et al to try and take over the club.
The other would be a cash grab through an ico. The purchase shares to gain a controlling interest, launch an ico gifting the club/themselves 15% of the token release 85% goes on general sale. They then build the price and market sell dumping on the investors. Probably double their money and never be seen again.
Also if SportyCo is involved, there is a potential that blackbridge have borrowed the money from sportyCo with an agreement of a % of all turnover over a set period of time going back to SportyCo.
Whichever way you look at it, it doesn’t look good
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