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SAFC Takeover Latest

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So explain to me (quickly as i know you have something slightly significant to get excited over) how you are wealthier than City. Or have i misunderstood?
 
Grumpy Old Man said:
Right, the situation. The new company is owned 100% by the American LLP. As that's registered in Delaware, which has very limited disclosure requirements, it's guesswork as to who the partners are. My guess is all four. Dell isn't a director of the newco, because he's intended to be a passive investor. Going forward, I'd guess that the newco will own a majority stake in Sunderland, with the minority interest staying with Madrox.
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Yep makes perfect sense mate
 
Biffo The Bear said:
So explain to me (quickly as i know you have something slightly significant to get excited over) how you are wealthier than City. Or have i misunderstood?
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If dell is involved and you only go off owners wealth. Then yes we would be. However I don't think he is fully involved. However these other blokes have enough money to compete up there for the most part.
 
Heaton_mackem said:
People are getting confused because it says the new english company is owned 75% (or more) by the new american company. It's actually 100% because the english company only has 1 share. We don't know who owns the new american company or what proportion of club shares the new english company will own.
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But the English company doesn’t yet own any shares in safc which is what I was getting at.
So as I understand it these lads have shelled out £1 plus admin on setting up a U.K. registered company as a holding company with which to buy all or some of safc. Which at least proves this whole thing hasn’t been someone’s fantasy or wind up.
It still hasn’t officially happened but we are one step closer.
 
Grumpy Old Man said:
Being a director has nothing to do with how many shares you own. Tony Davison is a director of Sunderland and owns no shares at all. Mike Ashley owns 100% of Newcastle and is not a Director.
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Exactly, a couple of examples, I'm a Director of an overseas company that I have no shares in and I'm a shareholder of another company that I have a "Director" job title within but I'm not a real "Director" :lol: :lol: .......That should confuse a few.
 
ReaL Madras said:
Exactly, a couple of examples, I'm a Director of an overseas company that I have no shares in and I'm a shareholder of another company that I have a "Director" job title within but I'm not a real "Director" :lol: :lol: .......That should confuse a few.
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Are you a NED?

Might want to watch out when the mags are about if so!
 
Shibby Safc said:
If dell is involved and you only go off owners wealth. Then yes we would be. However I don't think he is fully involved. However these other blokes have enough money to compete up there for the most part.
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I realise they do and i am not trying to spoil the party :)mad::mad::mad::mad:) just more than City????

For fuck sake... After 8 weeks on site i am in Atyrau on Friday for a beer with one of you lot!
 
riffraff said:
But the English company doesn’t yet own any shares in safc which is what I was getting at.
So as I understand it these lads have shelled out £1 plus admin on setting up a U.K. registered company as a holding company with which to buy all or some of safc. Which at least proves this whole thing hasn’t been someone’s fantasy or wind up.
It still hasn’t officially happened but we are one step closer.
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Yes but what is more interesting is that it is registered with the clubs address.
 
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