villianusa Posted December 20, 2011 Share Posted December 20, 2011 No he bought up ALL shares shortly after hetook over - I have the stamped share certificate to prove it - and I didn't want to sell them That's odd, one of the (non-'itk') guys on the other linked forum said he recently got a letter about the mandatory sale of his shares. Is it possible Randy bought up to 96% of the shares soon after buying the club, then recently bought up the remaining 4%? I too had a similar letter about 3 weeks back now. So did he buy yours or do you still have them? Link to comment Share on other sites More sharing options...
wiggyrichard Posted December 20, 2011 Share Posted December 20, 2011 He brought everyone of the remaining 4% and no-one had a choice about it. 96% at the time of takeover, leaving 4%, which as Jimmy say's on the other page, were brought up about 3 or 4 weeks ago. Why is the question? That remaining 4% would hold no value to Lerner, why do it now? As i said, the only reason i can think of is that it would be so he can take the club of the stockmarket or sell the club with out telling the world. Link to comment Share on other sites More sharing options...
juanpabloangel18 Posted December 20, 2011 Share Posted December 20, 2011 So the takeover's back on then Link to comment Share on other sites More sharing options...
irreverentad Posted December 20, 2011 Share Posted December 20, 2011 Still not convinced on a takeover. But what was the point in him doing this now? What benefit is there? Link to comment Share on other sites More sharing options...
villianusa Posted December 20, 2011 Share Posted December 20, 2011 So he owns 100% now? So you think he is going to take it off the stock market? Link to comment Share on other sites More sharing options...
wiggyrichard Posted December 20, 2011 Share Posted December 20, 2011 Still not convinced on a takeover. But what was the point in him doing this now? What benefit is there? Exactly, on the face of it there seems no logical reason why he would do it. As you say there is no benefit to Lerner in buying the remaining 4% if he wasnt going to sell the club or take it off the stockmarket. Coincidence? No smoke without fire and some things do seem to add up, so maybe...just maybe there is some truth in all this. Link to comment Share on other sites More sharing options...
GarethRDR Posted December 20, 2011 Share Posted December 20, 2011 ****'s sake lads, don't get me all excited. It'd be far too good to be true, and now I have to sit here with a rager. Link to comment Share on other sites More sharing options...
GarethRDR Posted December 20, 2011 Share Posted December 20, 2011 No smoke without fire What about smoke machines? Link to comment Share on other sites More sharing options...
wiggyrichard Posted December 20, 2011 Share Posted December 20, 2011 No smoke without fire What about smoke machines? Nope, they have little fires in too. Link to comment Share on other sites More sharing options...
villa89 Posted December 20, 2011 Share Posted December 20, 2011 So you think he is going to take it off the stock market? We haven't been on the stock market for a long time. We are privately owned by Randy Lerner's company AFAIK Link to comment Share on other sites More sharing options...
P3te Posted December 20, 2011 Share Posted December 20, 2011 Still not convinced on a takeover. But what was the point in him doing this now? What benefit is there? Exactly, on the face of it there seems no logical reason why he would do it. As you say there is no benefit to Lerner in buying the remaining 4% if he wasnt going to sell the club or take it off the stockmarket. Coincidence? No smoke without fire and some things do seem to add up, so maybe...just maybe there is some truth in all this. it's possible he wants to sell the club without actually telling anyone how much he got for it. this would allow him to do that right? Link to comment Share on other sites More sharing options...
irreverentad Posted December 20, 2011 Share Posted December 20, 2011 So you think he is going to take it off the stock market? We haven't been on the stock market for a long time. We are privately owned by Randy Lerner's company AFAIK This 4% thing must be a vanity purchase then. If it was a takeover then they could just buy Randy's 96% without informing anyone then purchase the other 4% whenever. Am I right? Link to comment Share on other sites More sharing options...
wiggyrichard Posted December 20, 2011 Share Posted December 20, 2011 Still not convinced on a takeover. But what was the point in him doing this now? What benefit is there? Exactly, on the face of it there seems no logical reason why he would do it. As you say there is no benefit to Lerner in buying the remaining 4% if he wasnt going to sell the club or take it off the stockmarket. Coincidence? No smoke without fire and some things do seem to add up, so maybe...just maybe there is some truth in all this. it's possible he wants to sell the club without actually telling anyone how much he got for it. this would allow him to do that right? So im led to believe, otherwise the remaining 4% would have to be notified of a possible sale, sale values etc etc. Link to comment Share on other sites More sharing options...
P3te Posted December 20, 2011 Share Posted December 20, 2011 Still not convinced on a takeover. But what was the point in him doing this now? What benefit is there? Exactly, on the face of it there seems no logical reason why he would do it. As you say there is no benefit to Lerner in buying the remaining 4% if he wasnt going to sell the club or take it off the stockmarket. Coincidence? No smoke without fire and some things do seem to add up, so maybe...just maybe there is some truth in all this. it's possible he wants to sell the club without actually telling anyone how much he got for it. this would allow him to do that right? So im led to believe, otherwise the remaining 4% would have to be notified of a possible sale, sale values etc etc. so he's either about to take a **** massive hit, or he's managed to make himself a lot of money and doesnt want people abusing him over it Link to comment Share on other sites More sharing options...
wiggyrichard Posted December 20, 2011 Share Posted December 20, 2011 So you think he is going to take it off the stock market? We haven't been on the stock market for a long time. We are privately owned by Randy Lerner's company AFAIK This 4% thing must be a vanity purchase then. If it was a takeover then they could just buy Randy's 96% without informing anyone then purchase the other 4% whenever. Am I right? The remaining share holders would have to be told about any sale, if he owns 100% he doesnt have to tell anyone. Why else would you be bothered about a remaining 4% stake in the club? Link to comment Share on other sites More sharing options...
Pilchard Posted December 20, 2011 Share Posted December 20, 2011 It was only a month ago Lerner said he wasnt selling. Link to comment Share on other sites More sharing options...
CI Posted December 20, 2011 Author Share Posted December 20, 2011 So he owns 100% now? So you think he is going to take it off the stock market? What ? it hasn't been a listed company since HDE sold it to RL Link to comment Share on other sites More sharing options...
wiggyrichard Posted December 20, 2011 Share Posted December 20, 2011 It was only a month ago Lerner said he wasnt selling. What would you expect him to say? Link to comment Share on other sites More sharing options...
TheDrums Posted December 20, 2011 Share Posted December 20, 2011 There is absolutely no reason to buy the last 4% considering he already has full and absolute legal control. Buying the last 4% means he can sell the club without informing the remaining 4% shareholders of the price he receives, or that there is genuine interest in a purchase. Link to comment Share on other sites More sharing options...
makouns_grin Posted December 20, 2011 Share Posted December 20, 2011 Hilarious people think he is selling. Perhaps those same people will be chuffed with some Venkeys type owners? Could happen just as much as another City owner, grass is not always greener. I suppose it would be something else to moan about, run the new owners out of town because they are not spend spend spending. Link to comment Share on other sites More sharing options...
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