Quote:
Originally Posted by maccawozzagod
Don owns 52% of a nominal 100k worth of shares. If we need to put in 300k then we need to create three times as many shares (minimum). So Dons share of the issue would be worth only a quarter of what it is now (13%) - as would everybody elses.
Do we need to discuss this on every page? If Ilyas used his money to bail out the club (52% Dons business) then what would be to stop him selling his 52% to someone else at a vastly inflated price as the company was now solvent? The 'company' would now be worth the share price of £400k and he could sell his 52% at market value and 'possibly' make a killing from his original purchase price (that nobody knows or needs to know).
Yes he deserves the chance to make a success of the club.
Yes many of the committee are fully behind his tenure
but no, he is not more important than Accrington Stanley and he has acknowledges so.
There is an offer on the table that is not to his liking because it is not in his best interests (only at face value) But it is in the best interests of Accrington Stanley and is funded by someone with the best interests of Accrington Stanley at heart and was delivered and sanctioned by 12 people with the best interests of Accrington Stanley at heart.
If anyone comes up with a better solution in the meantime then they have the backing of me, the ASSF, the OSC, the Ultras and ASFC.
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Sorry, but you can purchase 25% stake holding at what ever price you negogiate, ensuring the ASSF funds are used accordingly to pay-off the appropriate debt!