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zicoromaines
Joined: 25 Jul 2008
Posts: 7609
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 Posted: Thu Oct 13, 2011 5:53 pm Post subject: new share issue |
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Why not have a new share issue in Raith Rovers Football Club,not the Holding Company.I seem to re-call there was one in the 1980's when a sum of money waqs required.
Doing it this way at least means the investor gets a little gamble for his money e.g something back in the way of a premium.I feel that myself would be more inclined to help the financial security of the club if I had a say in what happens.
Would the Board be prepared to sanction such a move or do they have to get agreement from 51% of excisting sharholders?Anyone at the club like or are prepared to comment on this. |
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Jay.P
Joined: 23 Sep 2011
Posts: 138
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| Posted: Thu Oct 13, 2011 6:38 pm Post subject: |
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| good idea zico .I bought shares the last time the club were strapped for cash when shares were made available but that was in the holding company so basically it was a donation . |
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zicoromaines
Joined: 25 Jul 2008
Posts: 7609
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| Posted: Fri Oct 14, 2011 7:22 am Post subject: |
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| Yes somrthing like a share issue of say 10,000 shares at £50 per share,and you can buy just one if you want,then say blocks of five.There's £500,000 and it's not as if you are giving the club money and not receiving anything in return.If this was to happen then people would have a say in how the club was being run and who was on the board.I think this would be a positive step to get the club into the black. |
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Graeme Meldrum
Joined: 21 Jul 2008
Posts: 1254
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| Posted: Fri Oct 14, 2011 11:27 am Post subject: |
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| zicoromaines wrote: | | Yes somrthing like a share issue of say 10,000 shares at £50 per share,and you can buy just one if you want,then say blocks of five.There's £500,000 and it's not as if you are giving the club money and not receiving anything in return.If this was to happen then people would have a say in how the club was being run and who was on the board.I think this would be a positive step to get the club into the black. |
LOL |
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Soundwave
Joined: 15 Jul 2008
Posts: 819
Location: Edinburgh
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| Posted: Fri Oct 14, 2011 11:53 am Post subject: |
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| Graeme Meldrum wrote: | | zicoromaines wrote: | | Yes somrthing like a share issue of say 10,000 shares at £50 per share,and you can buy just one if you want,then say blocks of five.There's £500,000 and it's not as if you are giving the club money and not receiving anything in return.If this was to happen then people would have a say in how the club was being run and who was on the board.I think this would be a positive step to get the club into the black. |
LOL |
Like we did after Reclaim the Rovers  |
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zicoromaines
Joined: 25 Jul 2008
Posts: 7609
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| Posted: Fri Oct 14, 2011 4:12 pm Post subject: |
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| Well if you are a shareholder and you go to the AGM people are up for re-election and you have the opportunity to change things.Why the negactivity on this soundwave.I would have thought the chance to raise a large amount of money for the club would be a welcome idea seems I'm wrong. |
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Soundwave
Joined: 15 Jul 2008
Posts: 819
Location: Edinburgh
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| Posted: Fri Oct 14, 2011 5:36 pm Post subject: |
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| zicoromaines wrote: | | Well if you are a shareholder and you go to the AGM people are up for re-election and you have the opportunity to change things.Why the negactivity on this soundwave.I would have thought the chance to raise a large amount of money for the club would be a welcome idea seems I'm wrong. |
No negativity intended Bill, so apologies if it came across that way - I think it's a terrific idea and would back it 100%.
Reclaim the Rovers was supposed to give fans a bigger say in the running of the club, with the Forum ensuring sound governance and the board held to account. I'm not convinced we really achieved that and wouldn't want to repeat the same mistakes.
We seem to be caught in a cycle just now, so before investing I would want to know "what will the club do to break this cycle?" and ensure they're not asking the fans for money again in a few years time, just like 2005, 2001, 1998. . . .
You hit the nail on the head though. It is about change
What changes will the club make to ensure we're not back here in a few years time, and will our investment give us the power to make change? |
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Graeme Meldrum
Joined: 21 Jul 2008
Posts: 1254
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| Posted: Fri Oct 14, 2011 8:06 pm Post subject: |
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| zicoromaines wrote: | | Well if you are a shareholder and you go to the AGM people are up for re-election and you have the opportunity to change things.Why the negactivity on this soundwave.I would have thought the chance to raise a large amount of money for the club would be a welcome idea seems I'm wrong. |
Been to many AGM's and never seen a board member up for re-election. |
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zicoromaines
Joined: 25 Jul 2008
Posts: 7609
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| Posted: Sat Oct 15, 2011 5:50 am Post subject: |
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The last AGM that I was at was a Holding Company one several years ago now but there were one or two of the directors up for change at that time.I don't think protocol has changed.I also seem to recall that shareholders should be given notification in advance of who is up for reelection and if they wish to propose someone else then it has to be done within a certain time scale leading up to the AGM.This was also how it was done when I served on the 200 Club every year at the AGM there were at least two commitee members up for re-election.
Finally sorry Sounndwave you hit a raw nerve bad day at the office and all that. |
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sonofwallace
Joined: 11 Jul 2008
Posts: 7381
Location: kirkcaldy
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| Posted: Sat Oct 15, 2011 10:04 am Post subject: |
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you can get on the board for £100k
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12th man
Joined: 31 Oct 2009
Posts: 1429
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| Posted: Sat Oct 15, 2011 10:10 am Post subject: |
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| sonofwallace wrote: | | you can get on the board for £100k |
^^^ 
can you pay up in instalments
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sonofwallace
Joined: 11 Jul 2008
Posts: 7381
Location: kirkcaldy
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| Posted: Sat Oct 15, 2011 10:20 am Post subject: |
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£1 a week
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YOULL NEVER WALK ALONE
JUSTICE FOR THE 97
6 TIMES CHAMPIONS OF EUROPE
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Graeme Meldrum
Joined: 21 Jul 2008
Posts: 1254
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| Posted: Sat Oct 15, 2011 7:09 pm Post subject: |
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| sonofwallace wrote: | | you can get on the board for £100k |
*beep* credit crunch, you used to be able to take full control of team affairs for that a few years ago. |
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zicoromaines
Joined: 25 Jul 2008
Posts: 7609
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| Posted: Sun Oct 16, 2011 4:39 am Post subject: |
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| Let's get back on line here,it's all about can we or will we ever issue shares in RRFC.If your not interested open your own site. |
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Crazy Englishman
Joined: 12 Jul 2008
Posts: 6434
Location: sunny varna on the black sea coast
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| Posted: Sun Oct 16, 2011 6:11 am Post subject: |
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I have never yet seen, at any agm i have attended, a board member up for re-election. I aint a businessman, but would ask bill, is this a requirement in what i understand to be a private limited company.???
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now enjoying my fishing time, at peace with nature. but being a avid radio ham my global contacts have increased. any hams around call me lz2csk on 14200 or their aboyuts |
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