If you are talking about our American suitors then I think 30% becomes a controlling interest. I am sure our company lawyers on here will put me straight. Arsenal were having the same concerns two years ago
from the premier league rules
1.8 “Control” means the power of a Person to exercise, or to be able to exercise or acquire,
direct or indirect control over the policies, affairs and/or management of a Club, whether
that power is constituted by rights or contracts (either separately or in combination)
and having regard to the considerations of fact or law involved, and, without prejudice
to the generality of the foregoing, Control shall be deemed to include:
1.8.1 the power (whether directly or indirectly and whether by the ownership of the
share capital, by the possession of voting power, by contract or otherwise
including without limitation by way of membership of any Concert Party) to
appoint and/or remove all or such of the members of the board of directors of
107
RULES: SECTION D —
DIRECTORS & DIRECTORS’ REPORTS
the Club as are able to cast a majority of the votes capable of being cast by the
members of that board; and/or
1.8.2 the holding and/or possession of the beneficial interest in, and/or the ability to
exercise the voting rights applicable to, shares or other securities in the Club
(whether directly, indirectly (by means of holding such interests in one or more
other persons) or by contract including without limitation by way of membership
of any Concert Party) which confer in aggregate on the holder(s) thereof 30 per
cent or more of the total voting rights exercisable at general meetings of the Club |  |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
