| Share Issue 16:24 - Nov 11 with 17161 views | HullDale |
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| Share Issue on 16:26 - Nov 11 with 6859 views | HullDale |
"To ensure that we give our fans the first opportunity of owning a part of their football club there is a motion in the EGM is to create 450,000 new shares at £2.35 a share, the most recent market transaction price at which shares have been traded, if approved by shareholders, will then be available to be issued."
I'm not a mathematical genius - but if the £2.35 is what the board consortium paid MH for their shares... does that mean that the Morton House lot may have lost around £700K based on the number of shares they were rumoured to have bought at the prices allegedly paid?
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| Share Issue on 16:40 - Nov 11 with 6811 views | judd |
| Share Issue on 16:26 - Nov 11 by HullDale |
"To ensure that we give our fans the first opportunity of owning a part of their football club there is a motion in the EGM is to create 450,000 new shares at £2.35 a share, the most recent market transaction price at which shares have been traded, if approved by shareholders, will then be available to be issued."
I'm not a mathematical genius - but if the £2.35 is what the board consortium paid MH for their shares... does that mean that the Morton House lot may have lost around £700K based on the number of shares they were rumoured to have bought at the prices allegedly paid?
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That could be one way of looking at it. |  |
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| Share Issue on 16:50 - Nov 11 with 6770 views | DaleiLama |
| Share Issue on 16:26 - Nov 11 by HullDale |
"To ensure that we give our fans the first opportunity of owning a part of their football club there is a motion in the EGM is to create 450,000 new shares at £2.35 a share, the most recent market transaction price at which shares have been traded, if approved by shareholders, will then be available to be issued."
I'm not a mathematical genius - but if the £2.35 is what the board consortium paid MH for their shares... does that mean that the Morton House lot may have lost around £700K based on the number of shares they were rumoured to have bought at the prices allegedly paid?
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No wonder the Cullinan was flogged
Don't know if this is the same one but it looks well used!
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| Share Issue on 17:07 - Nov 11 with 6713 views | RAFCBLUE |
| Share Issue on 16:26 - Nov 11 by HullDale |
"To ensure that we give our fans the first opportunity of owning a part of their football club there is a motion in the EGM is to create 450,000 new shares at £2.35 a share, the most recent market transaction price at which shares have been traded, if approved by shareholders, will then be available to be issued."
I'm not a mathematical genius - but if the £2.35 is what the board consortium paid MH for their shares... does that mean that the Morton House lot may have lost around £700K based on the number of shares they were rumoured to have bought at the prices allegedly paid?
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I'm sure that there was an email that turned up from memory somewhere where Alexander Jarvis was offering £10 or £12 a share.
What's the phrase about a fool and their money? |  |
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| Share Issue on 17:14 - Nov 11 with 6689 views | HullDale |
| Share Issue on 16:40 - Nov 11 by judd |
That could be one way of looking at it. |
On an unrelated note, what is the going rate for making dirty money clean? 40%? 50%?
If I had, say, £1.2m in unaccounted outgoings available from a collapsed energy company and wanted to legitimise that cash, how much would I reasonably expect to lose in that transaction & still be comfortable with the outcome? £500-700K? | | | |
| Share Issue on 17:22 - Nov 11 with 6654 views | RAFCBLUE |
| Share Issue on 17:14 - Nov 11 by HullDale |
On an unrelated note, what is the going rate for making dirty money clean? 40%? 50%?
If I had, say, £1.2m in unaccounted outgoings available from a collapsed energy company and wanted to legitimise that cash, how much would I reasonably expect to lose in that transaction & still be comfortable with the outcome? £500-700K? |
https://www.gov.uk/government/news/millions-of-pounds-of-unexplained-payments-le
It was £1.8m that couldn't be found from Village Energy Solutions Limited - a company owned for a time by Morton House and linked to our glamour girl granny Denise Valarie Courtnell and Donna Nada who has a son who ran a football academy with Taylor Curran, Andrew Curran's son.
Donna Nada’s misconduct also meant it was not possible to determine the legitimacy of at least £1.8 million worth of payments out of the company’s bank accounts.
£1.8M less the £1.2m quoted by Alexander Jarvis in the Manchester Evening News leaves £0.6m.
Just about enough for a Rolls Royce Cullinan and place in Dubai or Spain. | |
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| Share Issue on 17:23 - Nov 11 with 6644 views | kel |
Interesting tweet. Wonder what he means. |  | | |
| Share Issue on 18:11 - Nov 11 with 6547 views | 49thseason |
| Share Issue on 16:40 - Nov 11 by judd |
That could be one way of looking at it. |
Equally its the equivalent of £2200 for every shareholder to cover the cost of the Dodgy Directors and Chairman selling their shares and leaving the club in the shite.
It is scandalous that the new Directors must have had to find something like £75k apiece to buy back the shares and avoid a court case.
There will be many who will be financially unable to add to their shareholdings or become a new shareholder, so I fear that the new Directors may be left holding a substantial portion, unless of course there is someone in the wings prepared to buy whats left......
This is the real test of a fan-owned club. As fans we either step up to the plate or we admit that being fan owned with such a small base of supporters and in a generally poor town is pretty much a pipe-dream. We simply cannot depend on the Directors to find the extra cash to run a successful club, and without success on the pitch, the problems simply increase. Its all in our own hands, we need to now stop going over what has gone on in the past and start to figure out how we get a regular 5000 fans into the ground., bearing in mind every extra1000 fans in the ground per season adds £400k to the clubs coffers after VAT and even if we could average 5000 there would be 12 clubs in L2 with bigger average attendances. |  | | |
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| Share Issue on 18:26 - Nov 11 with 6510 views | 442Dale |
| Share Issue on 18:11 - Nov 11 by 49thseason |
Equally its the equivalent of £2200 for every shareholder to cover the cost of the Dodgy Directors and Chairman selling their shares and leaving the club in the shite.
It is scandalous that the new Directors must have had to find something like £75k apiece to buy back the shares and avoid a court case.
There will be many who will be financially unable to add to their shareholdings or become a new shareholder, so I fear that the new Directors may be left holding a substantial portion, unless of course there is someone in the wings prepared to buy whats left......
This is the real test of a fan-owned club. As fans we either step up to the plate or we admit that being fan owned with such a small base of supporters and in a generally poor town is pretty much a pipe-dream. We simply cannot depend on the Directors to find the extra cash to run a successful club, and without success on the pitch, the problems simply increase. Its all in our own hands, we need to now stop going over what has gone on in the past and start to figure out how we get a regular 5000 fans into the ground., bearing in mind every extra1000 fans in the ground per season adds £400k to the clubs coffers after VAT and even if we could average 5000 there would be 12 clubs in L2 with bigger average attendances. |
We won’t ever average 5000 a week unless we got to the Championship. We didn’t average it through the 80s/90s when we weren’t great and through the 00s/10s when we’ve been pretty good and yet we managed to survive. We have to continue to improve of course and try and attract more fans, we also have to make more of what we have, on and off the pitch. |  |
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| Share Issue on 19:13 - Nov 11 with 6431 views | 49thseason |
| Share Issue on 18:26 - Nov 11 by 442Dale |
We won’t ever average 5000 a week unless we got to the Championship. We didn’t average it through the 80s/90s when we weren’t great and through the 00s/10s when we’ve been pretty good and yet we managed to survive. We have to continue to improve of course and try and attract more fans, we also have to make more of what we have, on and off the pitch. |
Sorry, but I find that attitude entirely defeatist. If Hartlepool can average nearly 4,500 , tell me why we cant? I'm not claiming its either easy or can be done overnight but if you aim for the stars you might land on the Moon, if you only aim at the floor you will probably shoot your own foot. Only Harrogate and Sutton have lower average gates than us in L2
We have 7000 empty seats at most games all earning the square root of diddly squat. Selling 1000 at a fiver each would make and extra £100k+ per season.
We have to stop preaching to the choir (us) and start selling to the rest of the town and areas outside our regular stomping grounds, places like ... Bury and Shaw and Royton and Ramsbottom and Whitworth and Bacup.....
There are 50,000 under 16s in Rochdale , how many have never been to a match at the COA? How many of the nearly 50,000 economically inactive persons in the Borough would find a fiver for a seat occasionally? How many of the 2000 or so ST holders could persuade someone else to come to matches with them if the deal was good enough? How many kids playing for local Junior teams have never been to a Rochdale game with their dads? | | | |
| Share Issue on 19:23 - Nov 11 with 6403 views | 442Dale |
| Share Issue on 19:13 - Nov 11 by 49thseason |
Sorry, but I find that attitude entirely defeatist. If Hartlepool can average nearly 4,500 , tell me why we cant? I'm not claiming its either easy or can be done overnight but if you aim for the stars you might land on the Moon, if you only aim at the floor you will probably shoot your own foot. Only Harrogate and Sutton have lower average gates than us in L2
We have 7000 empty seats at most games all earning the square root of diddly squat. Selling 1000 at a fiver each would make and extra £100k+ per season.
We have to stop preaching to the choir (us) and start selling to the rest of the town and areas outside our regular stomping grounds, places like ... Bury and Shaw and Royton and Ramsbottom and Whitworth and Bacup.....
There are 50,000 under 16s in Rochdale , how many have never been to a match at the COA? How many of the nearly 50,000 economically inactive persons in the Borough would find a fiver for a seat occasionally? How many of the 2000 or so ST holders could persuade someone else to come to matches with them if the deal was good enough? How many kids playing for local Junior teams have never been to a Rochdale game with their dads? |
Anyone who knows the way I look at things and with a desire to improve the club/crowds would know I’m not defeatist. Realistic and based on information across the years. | |
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| Share Issue on 19:47 - Nov 11 with 6362 views | blackdogblue |
Serious question here.. is there a minimum like last time? Say £100 worth?
Someone asked me before but I didn’t know & apologies if this has been answered elsewhere. |  |
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| Share Issue on 19:51 - Nov 11 with 6360 views | nordenblue |
| Share Issue on 19:47 - Nov 11 by blackdogblue |
Serious question here.. is there a minimum like last time? Say £100 worth?
Someone asked me before but I didn’t know & apologies if this has been answered elsewhere. |
I'm sure there was last time so guessing there will be again... |  | | |
| Share Issue on 20:03 - Nov 11 with 6339 views | D_Alien |
| Share Issue on 19:23 - Nov 11 by 442Dale |
Anyone who knows the way I look at things and with a desire to improve the club/crowds would know I’m not defeatist. Realistic and based on information across the years. |
One might think that someone casting you in a defeatist light would disqualify themselves from being taken seriously
We'd all wish to see more people coming through the turnstiles. 49th's little homily on "aim for the stars and you might reach the moon" would be better reserved for the children he'd like dads to bring along to the COA. I've told him this before, but there are two sexes and mums bring their kids along too. That's my little homily for him, but he didn't take it on board last time so i'm not expecting him to change his tune
[Post edited 11 Nov 2022 20:05]
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| Share Issue on 21:00 - Nov 11 with 6206 views | TVOS1907 |
| Share Issue on 19:13 - Nov 11 by 49thseason |
Sorry, but I find that attitude entirely defeatist. If Hartlepool can average nearly 4,500 , tell me why we cant? I'm not claiming its either easy or can be done overnight but if you aim for the stars you might land on the Moon, if you only aim at the floor you will probably shoot your own foot. Only Harrogate and Sutton have lower average gates than us in L2
We have 7000 empty seats at most games all earning the square root of diddly squat. Selling 1000 at a fiver each would make and extra £100k+ per season.
We have to stop preaching to the choir (us) and start selling to the rest of the town and areas outside our regular stomping grounds, places like ... Bury and Shaw and Royton and Ramsbottom and Whitworth and Bacup.....
There are 50,000 under 16s in Rochdale , how many have never been to a match at the COA? How many of the nearly 50,000 economically inactive persons in the Borough would find a fiver for a seat occasionally? How many of the 2000 or so ST holders could persuade someone else to come to matches with them if the deal was good enough? How many kids playing for local Junior teams have never been to a Rochdale game with their dads? |
If you think 442 is defeatist, you've obviously not read and taken in the vast majority of his posts over the years.
Anyway, there are some decent points and ideas there, but like I've asked you before, have you approached the club and offered your help and expertise, because you seem to be implying it's needed and you have indicated you might have the time to do so. [Post edited 11 Nov 2022 21:02]
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| When I was your age, I used to enjoy the odd game of tennis. Or was it golf? |
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| Share Issue on 21:51 - Nov 11 with 6103 views | NorthernDale |
What is the minimum number of shares can you purchase? | | | |
| Share Issue on 22:55 - Nov 11 with 6016 views | R17ALE |
One thing the club used to do successfully was to run a Christmas Draw which always raised around £15,000 on the back of Goldbond agents flogging them on their rounds. DB sacked goldbond and also sacked a nice cash injection at Christmas. Indeed, when the Trust ran the Christmas Draw in conjunction with KFC, many years ago, profits topped £20K. What the club needs is people who understand lotteries, previous incumbents haven't got a clue. DB and FF didn't understand this industry. |  |
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| Share Issue on 23:08 - Nov 11 with 5987 views | 442Dale |
| Share Issue on 22:55 - Nov 11 by R17ALE |
One thing the club used to do successfully was to run a Christmas Draw which always raised around £15,000 on the back of Goldbond agents flogging them on their rounds. DB sacked goldbond and also sacked a nice cash injection at Christmas. Indeed, when the Trust ran the Christmas Draw in conjunction with KFC, many years ago, profits topped £20K. What the club needs is people who understand lotteries, previous incumbents haven't got a clue. DB and FF didn't understand this industry. |
There needs to be a comprehensive assessment of all areas of the business which looks to both supporters and the community as a source of raising vital funds.
For too long the club, whatever the regime has been, has overlooked the basics to the point valuable feedback and opinion has been disregarded to the detriment of club finances. There has to be a visible change on this front.
For example, one look at the online shop, its products and the amount of promotion involved is a good indicator.
Another: it’s November, what fan input or information has been relayed to supporters about where we are up to in the choices for next year’s kit? As I said, just examples but it reflects a bigger picture and now the past issues have been put to bed thanks to the excellent work put in by so many, it’s time to move towards positive change. | |
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| Share Issue on 08:29 - Nov 12 with 5678 views | Nigeriamark |
| Share Issue on 21:51 - Nov 11 by NorthernDale |
What is the minimum number of shares can you purchase? |
Last time it was 100 shares at 2 quid a pop. Hopefully they can drop it to 50, or even 25 shares |  | | |
| Share Issue on 09:31 - Nov 12 with 5613 views | DaleiLama |
| Share Issue on 08:29 - Nov 12 by Nigeriamark |
Last time it was 100 shares at 2 quid a pop. Hopefully they can drop it to 50, or even 25 shares |
Also, as I understand it, it's only a registration of interest and not a commitment to buy, so there's no harm in registering to give the club an idea of likely demand. Sure the details will be announced in due course | |
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| Share Issue on 13:03 - Nov 12 with 5427 views | A_Newby |
| Share Issue on 08:29 - Nov 12 by Nigeriamark |
Last time it was 100 shares at 2 quid a pop. Hopefully they can drop it to 50, or even 25 shares |
Asked today. It's going to be 100 shares again. |  | | |
| Share Issue on 13:24 - Nov 12 with 5375 views | 442Dale |
| Share Issue on 13:03 - Nov 12 by A_Newby |
Asked today. It's going to be 100 shares again. |
With the current economic situation, those who would like to be shareholders on smaller level may not have the disposal income to buy £200+ worth, but would be able to get 10-20 shares. Not really sure why we wouldn’t want to sell to any fan who wants to buy some, so hopefully that is considered. [Post edited 12 Nov 2022 13:28]
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| Share Issue on 13:53 - Nov 12 with 5304 views | fitzochris |
| Share Issue on 13:24 - Nov 12 by 442Dale |
With the current economic situation, those who would like to be shareholders on smaller level may not have the disposal income to buy £200+ worth, but would be able to get 10-20 shares. Not really sure why we wouldn’t want to sell to any fan who wants to buy some, so hopefully that is considered. [Post edited 12 Nov 2022 13:28]
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I agree. It’s probably to do with wanting to avoid the admin of having so many smaller shareholders. Seems like an own goal though, as you say, with Christmas coming and the current parlous state of the economy, it may put those off who would have otherwise purchased some. |  |
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| Share Issue on 13:56 - Nov 12 with 5302 views | James1980 |
Is it due to admin costs that the minimum is 100?
I would imagine people would be happy to buy under 100 shares and pay an admin fee of a fiver to cover costs | |
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| Share Issue on 14:27 - Nov 12 with 5246 views | D_Alien |
Isn't the issue something that can be put to a vote at the forthcoming AGM/EGM?
Otherwise, the holding of shares becomes a one-way contribution. Would a Trust proposal be something to be considered? If they might respond to this issue it'd save having to deal with loads of emails on the subject
Might i propose a minimum share issue of 25 shares, £58.75? [Post edited 12 Nov 2022 14:31]
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