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Post by rovers16arfc on Jan 5, 2023 0:21:16 GMT
Anyway back to the topic. The offer of investment is genuine. Without significant new investment the club will find it increasingly difficult to maintain their SPFL status. Ronnie Well this is something we can both definitely agree on and hopefully we do get the significant investment would be nice for the club not to worry about money
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Post by mildrover on Jan 5, 2023 0:39:12 GMT
Good to see so many new users on the messageboard with such vim , vigour and enthusiasm. Would be helpful if they would disclose their real names. Would hate to think it all came from the one source. Buchanan Smith ‘I'd rather not disclose anything at the moment’ Rovers16Arfc So at some point you are going to reveal your real identity? In your 36 posts in your first 4 days ( some kind of record)you have shown yourself to be an expert on finances, team selection, tactics, youth systems, fundraising, Trusts etc, etc. You say you love the club. You must reveal yourself and come to the club’s rescue. Ronnie
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Post by rovers16arfc on Jan 5, 2023 0:57:39 GMT
‘I'd rather not disclose anything at the moment’ Rovers16Arfc So at some point you are going to reveal your real identity? In your 36 posts in your first 4 days ( some kind of record)you have shown yourself to be an expert on finances, team selection, tactics, youth systems, fundraising, Trusts etc, etc. You say you love the club. You must reveal yourself and come to the club’s rescue. Never once have i Said that I was an expert most of what I have said is common sense, something a lot of people don't have anymore , most of any suggestions gets shot down and have done a few times in different threads which I've read, I'll reveal myself in my terms no one else's
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Post by Nanook on Jan 5, 2023 17:30:18 GMT
Guys, give each other a break.
I have always found Ronnie very approachable. Meet him at a match or other event at cliftonhill, and chat through how the Community Trust works, and how it could be enhanced.
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Post by Calum Moore on Jan 5, 2023 17:35:25 GMT
Guys, give each other a break. I have always found Ronnie very approachable. Meet him at a match or other event at cliftonhill, and chat through how the Community Trust works, and how it could be enhanced. Ever since I took over from Bill as program Editor Ronnie has been brilliant to work with as have all the contributors
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Post by terrygillooly on Jan 5, 2023 22:45:55 GMT
I suppose it’s all about opinions - I believe that both our trusts do outstanding work and are an absolute credit to our club - and huge credit to the two fantastic ladies who chair the trusts. It’s worth pointing out the events run by the community trusts do not have age limits, I say this as my boys who fall into the age bracket mentioned in the post above attended the memories group and walking football. As for Ronnie Boyd - an absolute gentleman.
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Post by scoaussie on Jan 6, 2023 11:14:39 GMT
For the club to move forward he [the largest shareholder] requires to invest himself or sell his shareholding to someone who is able and willing to invest in the future of the club. Well put Ronnie - this is the problem in a nutshell. Here’s a brief summary of the shares situation: Total shares in the club: 53,500 Of which 22,200 are ‘dead’ shares (owners died 50+ years ago and their descendants can’t be traced). Leaving 21,300 shares where the owners are known and listed. Biggest shareholders: 1 - Anton FAGAN 6,700 Although he is the biggest single shareholder, he could be outvoted if any 5 of the next 7 biggest shareholders voted together. The others with more than 1,000 shares are: 2 - Andrew BEATTIE 2,061 3 - Joan GOODWIN 1,480 4 - Graeme FORRESTER. 1,478 5 -Jack McGOOGAN 1,478 6 - Fiona MARWICK 1,477 7- David SHANKS 1,252 8 - Robert WATT 1,123 Total of 2nd to 8th biggest shareholders: 10,349 shares. Some of the numbers may have changed slightly since I last tallied up these figures, but they won’t be far off. Scenario 1: Largest shareholder agrees to MaxG82’s offer, in which case the club gets a massive boost of new, interested shareholder involvement, and new financial investment. 90%+ of individual shareholders and supporters would be delighted with this. Sadly, it’s an unlikely scenario. Scenario 2: Investor buys out any 5 of the top 8 shareholders and, effectively, becomes the controlling shareholder (or alternatively, buys out some of them and gets the others onside). Not as simple, or quick, as buying out the no.1 shareholder, but entirely possible. There is a scenario 3, where current shareholders could vote to have a new share, or rights issue - this would need 5 of the 8 biggest shareholders to vote in favour (assuming Anton votes against). The new investor would be able to buy any shares not taken up by existing shareholders, who have first refusal, and possibly become the largest shareholder. It really is up to the Board of Directors to try to facilitate something. A couple of them do seem interested, but the Board as a whole seems very reluctant to get involved in anything to do with shares. Yet it is their duty to act in the best interests of the club. They could do this by actively taking forward MaxG82’s offer (or promoting either of the other scenarios above) as in the club’s best interests. Hypothetically, what number would a group have to get to in buying the club? Let's say the club and it's assets are worth £1M. /53500 ~ £18.70 per share. Unsure if that's a fair assessment as the dead shares issue could effectively double the per share valuation if there is no recourse for the 22,200 to be claimed. I believe there was a comment previously about the cost of pursuing the dead shares would outweigh the cost received, but not sure how that could be the case, especially when considering new shareholders could contribute to ongoing finances.
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Post by rab on Jan 6, 2023 15:59:26 GMT
‘Buying the club’ is not realistic as you’d need to obtain half the shares +1 - i.e. 26,751, and only 21,300 shares are ‘active’ shares with identifiable owners (which is more than 300 people).
More achievable would be to become the biggest single shareholder, which would effectively put someone in control of the club. That person is currently Anton Fagan, as although he doesn’t have a majority of the ‘active’ shares, he’s got enough to outvote everyone else should he choose to do so, because most of the other big shareholders do not attend AGMs or get involved in the club in other ways.
Nevertheless, anyone who could obtain more than 6,700 shares would be able to take control of the club.
The 2nd and 8th biggest shareholders, from what I know of them, probably wouldn’t want to sell, but they are friends of the club (as is the 6th biggest) and may be in favour of voting for anything which brings in new investment.
So, the way to take control of the club would be to either (1) buy the shares of the biggest shareholder, or (2) buy the shares of a few of the other big 8 shareholders and obtain more than 6,700, or (3) buy some of the shares of the 8 big shareholders and persuade 1 or 2 of the others to vote with you.
The shares are worth whatever the shareholder can sell them for, although £18.70 looks very much on the high side. The owners could choose not to sell, although everyone probably has their price.
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Post by fergie on Jan 6, 2023 21:39:35 GMT
To the Originl OP it's a great idea to invest in the club but as Rab stated with his excellent posts and stats the current share issue at the club is very complicated and it will take a long time to get sorted out and even if other shareholders other than Mr Fagan are willing to sell their shares and meet you to discuss it, so if you have money to invest just now would you be willing to invest in the squad fund in the mean time? This would be a great help in order to help Brian Reid to sign additional players before the January 31st Deadline and you would contribute massively in our fight to avoid relagation to the Lowland League. Just a suggestion!
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Post by Neil on Jan 7, 2023 0:25:38 GMT
To the Originl OP it's a great idea to invest in the club but as Rab stated with his excellent posts and stats the current share issue at the club is very complicated and it will take a long time to get sorted out and even if other shareholders other than Mr Fagan are willing to sell their shares and meet you to discuss it, so if you have money to invest just now would you be willing to invest in the squad fund in the mean time? This would be a great help in order to help Brian Reid to sign additional players before the January 31st Deadline and you would contribute massively in our fight to avoid relagation to the Lowland League. Just a suggestion Fergie, I'm always praying for a euromillions win, then I'd put in £1 M without any question. Obviously I'd need to win big but I can dream... ❤💛❤💛
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Post by fergie on Jan 7, 2023 1:37:51 GMT
To the Originl OP it's a great idea to invest in the club but as Rab stated with his excellent posts and stats the current share issue at the club is very complicated and it will take a long time to get sorted out and even if other shareholders other than Mr Fagan are willing to sell their shares and meet you to discuss it, so if you have money to invest just now would you be willing to invest in the squad fund in the mean time? This would be a great help in order to help Brian Reid to sign additional players before the January 31st Deadline and you would contribute massively in our fight to avoid relagation to the Lowland League. Just a suggestion Fergie, I'm always praying for a euromillions win, then I'd put in £1 M without any question. Obviously I'd need to win big but I can dream... ❤💛❤💛 I would do the same if I won it without a doubt Neil if I had the cash but we can only dream mate ! I hope the OP considers the squad fund as an option while awaiting the share issue getting sorted out !
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Post by Neil on Jan 7, 2023 12:59:45 GMT
I would do the same if I won it without a doubt Neil if I had the cash but we can only dream mate ! I hope the OP considers the squad fund as an option while awaiting the share issue getting sorted out ! I already make a monthly contribution to the fund. I would also love the chance to buy shares if/when they become available.
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Post by scoaussie on Jan 8, 2023 14:52:02 GMT
Hey jordancampbell prior to becoming a board member, you were quite vocal on these forums on certain topics, such as; "Surely the above is exactly the reason why we could hold Fagan and co’s feet to the fire, no? This football club has been in existence for 138 years and, essentially, the major shareholders are stifling interest and repelling potential investment by the attitude they’re adopting? Don’t think that quite correlates with the SFA’s ethos.."Not having a dig, just curious to know if you feel the club has done anything more to bring in new investors, approach current shareholders, deal with the dead shares etc, or has now being part of the BOD change your view on some areas? Considering if the original poster is stating genuine interest, and the shareholding always a hot topic as well as other ideas about fan lead ownership, just wondering what your opinions are from being a fan to now part of the BOD on this area of the club.
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Post by Nanook on Jan 8, 2023 19:54:24 GMT
140!
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Post by scoaussie on Mar 5, 2023 1:24:19 GMT
Interesting to see the initiatives by other clubs in the division. Thought this player pot scheme by Forfar was quite engaging, shares and other bonuses included when contributing. Obviously the share distribution is an issu e for ARFC, but it really would allow people to feel a sense of ownership when supporting and contributing to the club. Curious to know how much the current ownership (shareholders) contribute to the club each year? "With the winter registration/transfer window due to open for business on New Year a final wee jog of the memory to supporters and friends of the ‘Loons’ with regard to the Player Pot fund raising scheme set up by the Directors of the club earlier in the month.
To date thanks to the support of Forfar Athletic fans from near and far, Ray McKinnon’s player budget for the month ahead has had a significant boost.
However there is still an opportunity to support the scheme and boost the coffers, by purchasing one of the packages listed below, buying shares in the club or simply making a donation."Attachments:
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