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Post by Roy of the Rovers on Jan 22, 2020 17:14:23 GMT
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Post by rab on Jan 22, 2020 22:30:47 GMT
It's certainly the only way to guarantee that the club is run by people who have its interests at heart. It isn't just Motherwell (mentioned in the article) who are run by their fans - it's Dundee Utd, Dunfermline, St Mirren, Clyde and Stirling Albion - with Hibs, Hearts and Partick Thistle likely to join them in the coming years.
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Post by mildrover on Jan 23, 2020 8:08:11 GMT
Great piece regarding Eddie's views. The future of the club is rarely discussed in any detail and for years I have advocated that the way forward to ensure the club's future is for it to be fan/community owned. On this point I agree with Rab and Eddie. Wouldn't it be great that for £20 fans and people in the local community could get 5 shares in their club and equally importantly a say in its running and its future. And some much needed money coming into the club
At all the AGMs I have attended I have heard plenty of talk about the ins and outs of the accounts but never a cheep from major shareholders about how they see the future of the club. It would be great that somet ime could be made for this at tomorrow night's AGM once the forensic discussions of the accounts are over.
Eddie and myself have distributed the majority of our shares over the last few years to give long term fans the chance to be shareholders and to have a say in their club.
Fan/community ownership of the Rovers unfortunately is a long way off in my opinion. But a start could be made tomorrow evening. A gesture from one or more of our larger shareholders giving a significant number of shares to the Supporters' Trust would be a great symbolic beginning.
Ronnie
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Post by Deleted on Jan 23, 2020 13:54:14 GMT
Sadly I suspect that self interest will stop it ever happening.
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Post by Rovergrant on Jan 23, 2020 14:45:32 GMT
Jim, the ownership of over 5000 shares is lost...deaths, moving away no forwarding address etc, Legally these can`t be writen off or transferred and the costs of a further share issue would be prohibitive.
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Post by new2rovers on Jan 23, 2020 14:47:24 GMT
Great piece regarding Eddie's views. The future of the club is rarely discussed in any detail and for years I have advocated that the way forward to ensure the club's future is for it to be fan/community owned. On this point I agree with Rab and Eddie. Wouldn't it be great that for £20 fans and people in the local community could get 5 shares in their club and equally importantly a say in its running and its future. And some much needed money coming into the club At all the AGMs I have attended I have heard plenty of talk about the ins and outs of the accounts but never a cheep from major shareholders about how they see the future of the club. It would be great that somet ime could be made for this at tomorrow night's AGM once the forensic discussions of the accounts are over. Eddie and myself have distributed the majority of our shares over the last few years to give long term fans the chance to be shareholders and to have a say in their club. Fan/community ownership of the Rovers unfortunately is a long way off in my opinion. But a start could be made tomorrow evening. A gesture from one or more of our larger shareholders giving a significant number of shares to the Supporters' Trust would be a great symbolic beginning. Ronnie Couldn’t agree more. Even if it wasn’t a significant amount or even giving them away. A small amount could be purchased by the Supporters Trust and then redistributed/resold to fans would be a small step in the right direction. I’m sure whether it’s the current office bearers of the supporters trust or any others in the future, they would support this activity. If any shareholder is willing to enter into negotiations to sell some shares for redistribution to the supporters trust are reading this post who may be interested, please get in touch. |
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Post by Deleted on Jan 23, 2020 19:37:50 GMT
How much does it cost normally to purchase Rover's shares?.
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Post by robert67 on Jan 23, 2020 20:27:19 GMT
I would definately be interested in purchasing some shares if they became available.
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Post by mildrover on Jan 23, 2020 21:09:38 GMT
Jim, the ownership of over 5000 shares is lost...deaths, moving away no forwarding address etc, Legally these can`t be writen off or transferred and the costs of a further share issue would be prohibitive. No one is suggesting selling off the 'dead' shares. Grant have you costed a further share issue? How do you know it would be prohibitive. A number of people have stated they would underwrite the cost of a launch. Regarding Robert67 and Stephen's question the current cost of a share is simply what someone is willing to sell it for and someone is willing to buy it. The club do not have shares to sell but a shareholder reading this may be willing to give/sell you some. In my opinion the status quo thwarts the potential of the club to develop. Unfortunately a small number of shareholders seem determined to keep the club in its current position without exploring avenues to raise new funds or widen the pool of those with a stake in the club. Ronnie |
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Post by mildrover on Jan 23, 2020 21:18:18 GMT
Sadly I suspect that self interest will stop it ever happening. At the moment Jimbo42 I would share your pessimistic view. There seems no desire from those who matter to change. But things can move from sometimes seemingly hopeless positions. By continually raising these issues whenever we can is one way . I also think the Supporters Trust is the proper forum to campaign for change to a structure which is stagnating the club. Ronnie |
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Post by chris on Jan 23, 2020 21:21:39 GMT
How much does it cost normally to purchase Rover's shares?. Legally 3 shillings somthing |
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Post by Rovergrant on Jan 23, 2020 21:22:57 GMT
Ronnie,
I lifted this from Eddie`s report in the `Tiser....
`We have looked into holding a share issue but the legal costs would be huge.`...no indication there in that statement that these could be underwritten.
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Post by mildrover on Jan 23, 2020 22:17:53 GMT
Ronnie, I lifted this from Eddie`s report in the `Tiser.... `We have looked into holding a share issue but the legal costs would be huge.`...no indication there in that statement that these could be underwritten. We'll never know the cost Grant unless the Board are allowed to explore the matter further and come up with a draft proposal for shareholders to discuss including actual costs. But as you know even that baby step was prevented by a small number of shareholders a few years ago, As a matter of interest Grant as a long standing supporter and shareholder what do you see the future of the club being? What's your vision? Eddie and I have outlined ours. Ronnie |
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Post by Rovergrant on Jan 24, 2020 9:12:00 GMT
With few exceptions Ronnie(you highlighted one) the shareholders, certainly those with numbers of shares large enough to make significant impact have sat back and let succesive BODs get on with things as they saw fit. My concerns - all legal / cost issues aside - with respect to a new share issue would be. There would need to be an accomodation with existing shareholders eg, two `old` shares for one `new`...or something along those lines. To be effective and raise a reasonable amount of capital at the same time we would need to be talking `thousands` of shares (dependent upon set price per share). Would there be an appetite in the town to purchase these ? In my opinion doubtful, we are not in the the immediate post WW1 year (when there was the original share issue)when confidence was high as victors in that war (although that subsequently evaporated as the 1920s developed). Do you set a limit on the numbers of shares any individual could buy (would such restriction be legal ?)otherwise you run the risk of `wealthy` individual(s) buying up large numbers of shares, effectively owning the club, thus taking you back to where you perceive we are today with `large` shareholder(s)wielding ultimate control.
Vision for the club? First and foremost this MUST be to retain our SPFL status....no compromise...if that is lost, the club will be lost.
Currently I believe `we` are too inward looking...BOD appointments all seem to come from the Trust...what about tapping into the skills and abilities of the local business community as potential BOD members (think we have 4 Board vacancies at the moment)- many of whom currently support the club financially through sponsorship, advertising etc. I say this with all due respect to the current BOD members who put in great efforts to keep the `ship` afloat. I would like to see at least one Board member with experience of playing at the highest level, as we have had in the past - Bobby Flavell, Sam Goodwin and Steve Kirk spring to mind.
My final point - and I know this will go down like a bowl of cold sick by many on this message board, but I believe that , ultimately, Rovers future will lie away from Cliftonhill (not what my heart says...my head does). A location in Coatbridge certainly, but as time goes on the costs of keeping the stadium fit for purpose will become a burden that no BOD can continue to carry. For me, it it was a choice between SPFL status or the stadium, it has to be SPFL status.
Most current SPFL League 2 clubs must be watching nervously at the rise of ambitious non league clubs (particularly in the Lowland League) who now have a potential route into SPFL football via the lottery of the play offs. Unfortunately I cannot be at tonight`s AGM as I have a meeting in Worksop tomorrow morning at 10am to recognise the efforts of those who participated in the 2019 RBL Poppy Appeal |
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Post by mildrover on Jan 26, 2020 8:21:00 GMT
Some good points here Grant. I think it is important for everyone with the Rovers at heart to have a say in the future of the club at a time when the nature of the game at our level has changed completely with the introduction of the pyramid system. We really have to reflect and act so we can compete in the changed circumstances.
Good points about BOD positions but as Eddie said it's about getting the right people on board whatever their background. I also think you underestimate people who have come through the Trust route: for example surely you don't think Lew, Frank etc didn't make a great contribution to the club. Only 2 out of 5 current board members came from Trust.
Regarding the stadium my preference would be to find enough cash to carry out a major refurbishment of Cliftonhill. A move to another stadium in the town would incur costs and be dependent on getting a really good price for Cliftonhill..thinking caps on . How do we get funding for refurbishing the stadium....
Ronnie
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