• The forum upgrades are now largely complete.
    Please read this thread for more details.
    New user registrations are currently disabled.

Offer come in for the club (rumours thread)

Status
Not open for further replies.

that's really bad news. In other words the shares are being bought by people with no money.

If the losses are say £10m for this year then fans buying into this are going to be on the hook for part of the bill?
No. The fans don’t own anything if I am reading this correctly. TFT buy the shares and continue to own them. The fans buy ‘tokens’ from TFT that enables them to have some form of voting right on decisions. I genuinely don’t understand how this could possibly work, as TFT would only have 39% of the shares, and so any voting right that fans have bought would be meaningless unless the owners of the other 61% agree.
 
Read on both forums some serious money was involved, I guess it’s coming out of our pockets then. I’m on the phone to the bank extending me overdraft
 
  • Like
Reactions: DH4
Status
Not open for further replies.
Back
Top