Jump to content

The NSWE Board


av1
 Share

Recommended Posts



5 hours ago, av1 said:

I'm not a business man so maybe the more knowledgeable folk on here can put me right on my simple logic. 

But whilst Sawiris and Edens are having to pump money in, does that mean their shareholding/power increases and Tonys decreases?

I'll probably get laughed at for not having even a basic understanding of how a business works, but It doesn't seem fair that Xia mantains a 50% stake (or whatever it is) whilst these 2 pump money in.

 

I posted this in the Sawiris thread, its more appropriate here. 

Link to comment
Share on other sites

^^^

As I understand things, they converted all of Xia's shares to non-voting shares with a fixed value of £1.00 and a right for the club to buy them back at any time, so Tony's value in the club will be fixed. I would imagine that the money they are pumping in is somehow being used to raise the nominal value of the club so that their shares become worth more. 

Or they could have decided that the club is theirs, Tony has no voting rights  and has fixed fee owing to him, that they can decide to pay when they feel like it, so treat it like they own it and the £46m or so in shares that they owe Tony is treated as a deferred purchase price in their minds. 

Edited by TheStagMan
  • Like 4
Link to comment
Share on other sites

10 hours ago, TheStagMan said:

^^^

As I understand things, they converted all of Xia's shares to non-voting shares with a fixed value of £1.00 and a right for the club to buy them back at any time, so Tony's value in the club will be fixed. I would imagine that the money they are pumping in is somehow being used to raise the nominal value of the club so that their shares become worth more. 

Or they could have decided that the club is theirs, Tony has no voting rights  and has fixed fee owing to him, that they can decide to pay when they feel like it, so treat it like they own it and the £46m or so in shares that they owe Tony is treated as a deferred purchase price in their minds. 

ooo thats interesting to know!

Link to comment
Share on other sites


 Share

×
×
  • Create New...

Important Information

Terms of use Terms of Use, Cookies We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Â