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Owd Bob · 14-01-2010, 08:55

I am struggling to understand the EW situation.
Surely, if he is stil the majority share holder (52%) he still has overall control of the club. I would have thought that any money donated by Ilyas was simply a donation and nothing else, and does not affect EW's majority share holding.

Although the club was worthless before Ilyas's donation, and all the other wonderful donations and fund-raising events, it is now worth considerably more, and therefore will surely have increased the value of EW's 52% share holding.

Before the 'bail-out', EW owned 52% of a massive debt. As I see it, he now still owns 52% of the club, as it stands today with those debts having been cleared.

I am probably incorrect in this line of thought, but it seems this way to me. Perhaps this could be clarified by Ilyas or anyone else 'in the know'.

14-01-2010, 08:55	#34
Owd Bob Full Member Join Date: Apr 2004 Location: Darwen Posts: 100 Liked: 1 times Rep Power: 63	Re: whalley to return? I am struggling to understand the EW situation. Surely, if he is stil the majority share holder (52%) he still has overall control of the club. I would have thought that any money donated by Ilyas was simply a donation and nothing else, and does not affect EW's majority share holding. Although the club was worthless before Ilyas's donation, and all the other wonderful donations and fund-raising events, it is now worth considerably more, and therefore will surely have increased the value of EW's 52% share holding. Before the 'bail-out', EW owned 52% of a massive debt. As I see it, he now still owns 52% of the club, as it stands today with those debts having been cleared. I am probably incorrect in this line of thought, but it seems this way to me. Perhaps this could be clarified by Ilyas or anyone else 'in the know'. __________________ *I used to come in your ears!*