ceefax cat 2
he could leave the club as chairman but he will still be the controlling shareholder. Any appointment of a chairman is by the shareholders eg bob. it is therefore only going to be a change if he is also bought out.---Nemo--- said:Are you Bob himself? You play around with words as much as he does
He hasn't mentioned a "take over" in either a positive or a negative sense, if he has could you please provide a link.
If you don't believe he's had an offer and would love someone to take over why do you think he's nimbly skipping around the words "Take Over" or "Buy Out" or for that matter "Step Down" or "Leave the Club" To me this implies that he may well have knocked folk back or at the very least he's not inviting anyone to come in and take it off his hands. IMO he blows his cover by continually using phrases such as "invest in" or "get involved".
With a majority shareholder in place a new investor is highly unlikely to put money in to be a minority with bob still in control.
So to a point there only is one option - take out bobs shareholding (a realistic price has already been established the sky price + a control premium - typically 33%) and the new contoller put additional funding into the club via a rights issue. The new person then appoint a new management team