Yes but do remember that if they did put money in the Trust would likely be diluted away.
I don’t see how the current status quo can continue.
Because if people vote for option 2 (in effect to not rock the boat and maintain the Trust’s 21% stake). - then as soon as the Yanks invest in the future - which people keep asking the Yanks to do then the Trust will be diluted away anyway.
If the Trust’s strategy is to increase its stake in the club then best option appears to be sell the shares for £21m+, bank the money for a rainy day, then rebuy in at a later date and pick up a larger stake (hopefully a controlling stake)
I don’t see how the Trust can ever increase its stake in the future under Option 2.
What has he delivered in comparison to all the money the club has paid him.
His main achievement appears to be the stadium deal - but that has put us in a precarious position being responsible for future stadium repairs (please correct me if I am wrong) without compensating revenue given we are a championship club.
Also part of the management team who were in charge when we were relegated. So doesn't appear to have enhanced his CV.
I have voted for legal action as my understanding of the Trust’s analysis is:-
1. Given the articles have been changed - the Yanks as majority owner can ignore the Trust in a future sale. That also means that the next owner who buys the shares from the Yanks - can ignore the Trust and so on........
Therefore there would be no point in anyone in the future ever buying the Trust’s shares - Trust’s shares are effectively worthless.
2. If Yanks conducted a rights issue if they put in circa £4m of equity the Trust has to invest its total bank balance circa £800k to maintain its 21% stake. If Yanks invest more than £4m (Remembering that Supporters have continually criticised the Yanks for not making any investment into the club) then the Trust’s stake will be diluted away. ( Noting Trust would have a smaller stake of a larger pot - providing the Yanks then managed the club well - which they haven’t done too date in my view in respect of our relegation under their management).
Status Quo is therefore not an option for me. Hence why I have voted for legal action.
That’s a fair comment you can just imagine though the research departments of these FOBT operators. Doing everything in designing these machines to create a buzz (adrenaline rush) every say 30 seconds.
In the old days there would be at least 15 mins between each horse race - so sometimes had time to reassess when going through a bad run.
Today there is continuous action, live horse and greyhound racing, virtual horse and greyhound racing, countless lotteries and FOBT machines.
Continuous action - adrenaline rush every few seconds if you want it. Hence how they then prey on one’s addiction.
I would like to understand the current Trust position in respect of the new Articles of Association which the Trust is operating under.
In future scenarios of:-
(i) If Yanks decide to sell their shares to a new owner- do they have to offer their shares to the Trust first?
Or can they totally ignore the Trust - resulting in the Trust's shares being totally illiquid. In that the next new owner can then ignore the Trust, when the new owner comes to sell their shares and so on......
(ii) If Trust wants to sell their shares do they have to offer their shares to the Yanks first?
ie Is there a symmetrical relationship?
Why would a new investor ever want to buy the Trust's shares if there was not a symmetrical relationship?
If the Yanks can totally ignore the Trust then is there any financial value in the Trust's shares? Does also the Trust have any voting power to change a decision that the Yanks may make? Financial Value or Voting Power?
I mention this as some of the new candidates who are standing for election to the Trust Board are doing so on the basis that the Trust should maintain its stake.
Do they understand the Trust's position under the the New Articles?
Apparently William Hill himself was against legalised betting shops.
“When the UK legalized betting shops, effective May 1, 1961, he was outspoken against them. He went as far as calling them a cancer on society that preyed on the working man. In his opinion, betting was a recreational activity and competition for those who could afford it”
If you are not a troll I seriously worry for your health. Red mist comes down on you whenever a Tory or Brexiteer does something. The hate and disgust you must feel whenever one of them does something that you don’t agree with.
I hope you haven’t been on here since when you started the OP in the morning - you will seriously develop stomach ulcers if you are not careful.
“What sets Bryn Celli Ddu apart from the other tombs on Anglesey, is that it is the only one to be accurately aligned to coincide with the rising sun on the longest day of the year. At dawn on midsummer solstice, shafts of light from the rising sun penetrate down the passageway to light the inner burial chamber. Perhaps this sunlight was meant to bring warmth and life to the ancestors?’
Amazing that 5,000 years ago they could be so accurate with the light penetrating the inner burial Chamber.