SAFC Takeover Latest

[Squat]

I think you're correct.

me too. the pdf says they own "75% or more" of the shares

 

[Nelson!]

I think this company will in turn own the vast majority of SAFC and that this is a 4 way split between the billionaires

That's how my ill informed mind is reading it too. The four of them own 25% of the holding company, Dell doesn't get involved with managing it. The holding company will hold a majority percentage of SAFC with the current fellas dividing up the rest.

 

[Hoyus Ahammerower]

Mono = One
Rail = Rail

That is a little disappointing. I thought that with mega investment on infrastructure we would actually be able to upgrade to

Muti = Many
Rail = Rails. at least!

 

[The Beautiful Game]

me too. the pdf says they own "75% or more" of the shares

That’s what I thought

 

[Deleted member 35923]

i said about 3 days after the thread started to keep an eye on companies house

You must be logged on to see external links

What a legend there mate

 

[darius]

Absolutely, you can be a shareholder without being a director. Ashley isn't a director of the Mags, for example, and Abramovich isn't a director at Chelsea.

I would still have liked to see him named somewhere. Hopefully he is in the press rekease. Someone must ask the question?

 

[West_Winger]

If that's not real I'm rubbing the spoff that's now in my boxers all ower your pyatt.

It’s legit.

I’m going to be honest, I’m as erect now as I was the first time I saw a woman naked.

 

[cheeses of nazereth]

Logon or register to see this image

 

[Boblee]

Absolute scenes on Tyneside

Logon or register to see this image

Quality lol

 

[Grumpy Old Man]

looks pukka to me mate.. from my dealings

Just done a direct search at CH. It's kosher.

 

[Heaton_mackem]

When it says 75% or more, that means FPP Sunderland Ltd could be anywhere between 75% and 100% owned by the American company, FPP Sunderland LLC.

 

[macca554]

Absolutely, you can be a shareholder without being a director. Ashley isn't a director of the Mags, for example, and Abramovich isn't a director at Chelsea.

Do you think New Castle Delaware is the kick in the teeth riv was on about

 

[Coops]

Thought so mate. Nobody in their right mind would expect Dell to have any executive responsibility at SAFC

So this looks like the dream outcome

With him not being named, it gives the club more options for funding and meeting financial fair play. e.g. stadium being sponsored, shirt sponsor ......

 

[DisillusionedOldGit]

Can't wait for all the words of congratulations from our friends in the north . They must be overjoyed for us .

 

[whenyoursmiling]

Absolute scenes on Tyneside

Logon or register to see this image

If only FTM

 

[WhoDrankAllTheBovril]

My reading of this is that FPP is a company that has been set up as a vehicle for the purchase of shares in the football club.
There are three directors holding equal rights in the company that has a nominal value of £1.00.
Collectively, they own 75% or more of the shares. I would guess that the actual figure is 100%. Note, there is only one share in this company. So no mention of Michael Dell as yet but all that could change once the purchase of SAFC shares takes place.
This documentation doesn't show that the club has been taken over yet, but this is certainly a major step towards that happening.

 

[West_Winger]

I would still have liked to see him named somewhere. Hopefully he is in the press rekease. Someone must ask the question?

If he’s an investor he won’t necessarily be named anywhere. For instance MSD Capital could use his money to invest in this.

 

[Julio]

One of the greatest days in the clubs history

Hiya Tyneside x

 

[molthemackem]

Just done a direct search at CH. It's kosher.

aye, me too...it certainly is...will send you some info pm.

 

[Junior Birdman]

Logon or register to see this image