Argyleloyal
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Let's just be happy this investment is capitalised rather than the monies are contributed as loans. It shows greater confidence in the Club. All will be revealed in due course, I am sure.
Think this is a new investor who has just put £4m into the club for 5.3m worth of shares at 75p a share.
But who is it?
But who is it?
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Maybe the new (bigger) investor is already here and it's Nick Giannotti?
Simon Hallett started off low key when James Brent was owner and had a small share before buying more and more shares so perhaps Giannotti is doing the same, he and Argyle Green currently own 10% of shares, he's gone on record as financially contributing to the purchase of Goals and helping out with the Brickfields project, he also said he would like to invest more if SH thinks its right and proper.
Giannotti might also attract new investors into the Argyle Green consortium?
Simon Hallett started off low key when James Brent was owner and had a small share before buying more and more shares so perhaps Giannotti is doing the same, he and Argyle Green currently own 10% of shares, he's gone on record as financially contributing to the purchase of Goals and helping out with the Brickfields project, he also said he would like to invest more if SH thinks its right and proper.
Giannotti might also attract new investors into the Argyle Green consortium?
Five million shares at 75p reckon I could invest £50 to help Simon ! Seriously though back in the day wasn't there a share issue for fans? I'm assuming everyone lost there money based on the administration though
I'm going to make a stupid suggestion now, but here goes....
Is it not possible to do a share issue for fans, but all money raised has a covenant that says it can only be invested by the club (in something"relativity"secure like a bond) and never touched except in the event of a financial crisis/admin/threat of going bust?
Would this not give clubs and fans a degree of safety knowing that 1) they own part of the club and therefore have some rights and 2) provide a safety net in the case of bad owners/financial conditions in the future? And go towards saving the club (maybe even leveraging out said bad owners).
Speaking generally for all clubs not argyle here. The fan owned strategy always seemed like a nice idea in theory but doesn't really work in practice.
Maybe this would even give a degree of accountability to the owners. It's their business but it's a community asset so should be different.
Is it not possible to do a share issue for fans, but all money raised has a covenant that says it can only be invested by the club (in something"relativity"secure like a bond) and never touched except in the event of a financial crisis/admin/threat of going bust?
Would this not give clubs and fans a degree of safety knowing that 1) they own part of the club and therefore have some rights and 2) provide a safety net in the case of bad owners/financial conditions in the future? And go towards saving the club (maybe even leveraging out said bad owners).
Speaking generally for all clubs not argyle here. The fan owned strategy always seemed like a nice idea in theory but doesn't really work in practice.
Maybe this would even give a degree of accountability to the owners. It's their business but it's a community asset so should be different.
Argyleloyal
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This has already been talked about and Simon shot it down think it was due to all the paperwork etc it would involve
You could always make the minimum larger. Say 10k minimum. Maybe even then it’s too much overhead.
It's a nice idea, but when you see four million being put into some new shares, you need 400 people putting that much in each to match it.
Them those 400 people would probably have to reach a consensus if they had one seat on the board.
If you could do the first part, that's one thing but the idea of having 400 Argyle fans who agree on something is a bit too much to believe!
Couldn’t you state that the voting be delegated to the chairman for those 10k holdings?
It's just a minefield, that's the reason the idea was ruled out at the very mention of it.
The ownership model of football in GB is unsustainable… this is clear. For the last 25 or so years the Germans have turned to a 50+1 model as set out below (apart from three or so clubs, particularly the despised club from Leipzig).
If Bayern Munich can adhere to this model and be successful then so can we (yeah I know Leverkusen and Bayer)… indeed IMO if this sort of model is not implemented then all the talk of “it’s the fans’ club” etc is just tosh.
theathletic.com
If Bayern Munich can adhere to this model and be successful then so can we (yeah I know Leverkusen and Bayer)… indeed IMO if this sort of model is not implemented then all the talk of “it’s the fans’ club” etc is just tosh.
Explained: Germany's 50+1 ownership model, the benefits and the problems
Germany's 50+1 ownership model was raised as the solution to football's greed after the Super League scandal - but it's not that simple
theathletic.com
Slightly different to a share issue, Exeter Chiefs have had a fairly successful Bond scheme to fund infrastructure projects and expansion at Sandy Park. Off the top of my head the minimum investment was £1000 paying 7% interest per year. Which raised £6million initially in 2013 and another £10 million a couple of years ago. Would this be an option?
Simon has twice been asked about this at fans forums and his body language was even more negative than what he actually said. It will not be happening while he's owner.