Grumpy Old Man
Striker
@Grumpy Old Man will be better placed to advise but suspect SD may have had to sell Bridle to raise the capital to match % of MSD input to retain % shares?
No. I suspect it's because they want him here full time. The entire point of this investment is to dilute his shareholding. At the moment Madrox owns 100% of Sunderland, and SD owns 74% of Madrox. Now, we don't know yet whether the new investors are buying a controlling interest in Madrox or, more likely to my thinking, Sunderland. Either way, Donald's interest will fall to whatever is agreed. For reasons connected with company law, I expect the new investors to be controlling at least 75% of whichever company they're buying.
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