United suporters 51% share issue

[Jim_Jam]

Why can't United do what Hibs are happy to do. Sell 51% of the club to the supporters. That way Stephen gets his money and leaves.
On the Hibs website there is this:-

Supporters currently have the opportunity to own their share in Hibernian FC, with the process now easier than before thanks to a new innovative online method of purchase.

The new Hibernian share issue launched on February 25, with the Club setting up a new way of online payment following supporter feedback on the previous process.

Thanks to the technology offered by local financial technology business ShareIn, supporters can apply for shaes directly on the Club's own website by clicking the link below.

CLICK HERE FOR MORE INFORMATION
The Board is committed to offering fans the opportunity to own up to 51% of the shares in the Club – a controlling interest.

An original share issue which ended in August last year – allied with the ongoing activity of the collective ownership vehicle Hibernian Supporters Limited – has already seen supporter ownership leap from around 2% to more than 20%.

[Jim_Jam]

They are moving towards a controlling issue. I know we have the Arabtrust with shares but we could make it easier for the fans to buy into the club and actually own part of it. They can then feel more ownership. They hold a percentage of Dundee United.

The Hibs Board is committed to offering fans the opportunity to own up to 51% of the shares in the Club – a controlling interest.

[offshore_arab83]

Why can't United do what Hibs are happy to do. Sell 51% of the club to the supporters. That way Stephen gets his money and leaves.
On the Hibs website there is this:-

Supporters currently have the opportunity to own their share in Hibernian FC, with the process now easier than before thanks to a new innovative online method of purchase.

The new Hibernian share issue launched on February 25, with the Club setting up a new way of online payment following supporter feedback on the previous process.

Thanks to the technology offered by local financial technology business ShareIn, supporters can apply for shaes directly on the Club's own website by clicking the link below.

CLICK HERE FOR MORE INFORMATION
The Board is committed to offering fans the opportunity to own up to 51% of the shares in the Club – a controlling interest.

An original share issue which ended in August last year – allied with the ongoing activity of the collective ownership vehicle Hibernian Supporters Limited – has already seen supporter ownership leap from around 2% to more than 20%.

Quite frankly the thought of certain 'fans' having a say in the running of our club gives me that absolute FEAR

[Sutherland Arab]

Dundee United is his cash cow, without it he has nothing except a pub.
If the fans own a controlling share he would be exposed as a feckless businessman, not investing but running up debt.
Plus we are mere minions. We don't know how to run a business.
Good idea in principal, but will never happen for us.

[TerryTheTerror]

I don't really get this TBH. To activate the controlling interest and run the club all the fans who own the shares would need to get together and work under one organisation but that doesn't look how Hibs are going about selling the shares (to individual fans). So, in reality nothing will change for them.

I guess it could keep the board on their toes knowing that the fans could get together and change the directors. Just seems unlikely to me but you never know.

[shedboy71]

I don't really get this TBH. To activate the controlling interest and run the club all the fans who own the shares would need to get together and work under one organisation but that doesn't look how Hibs are going about selling the shares (to individual fans). So, in reality nothing will change for them.

I guess it could keep the board on their toes knowing that the fans could get together and change the directors. Just seems unlikely to me but you never know.

Thats if 100% of the 51% agree - could you imagine our fan base agreeing on anything sometimes?

[geofoxposse]

Also its not stated whether these are the sale of existing shares or an issue of new shares to the value of 51%, therefore diluting the existing holdings. If cashflow doesn't increase then return on investment will be low and the holding of new shares will purely be a sentimental issue with novelty value.

Im not saying its a bad thing but the current board will retain control, they will be raising extra funding and if history has any bearing then that cash will be wasted/frittered/find someones pockets.

[TerryTheTerror]

Thats if 100% of the 51% agree - could you imagine our fan base agreeing on anything sometimes?

I guess this is what I was trying to say.

[shedboy71]

I guess this is what I was trying to say.

I'm 99% certain you were

[Jim_Jam]

I don't really get this TBH. To activate the controlling interest and run the club all the fans who own the shares would need to get together and work under one organisation but that doesn't look how Hibs are going about selling the shares (to individual fans). So, in reality nothing will change for them.

I guess it could keep the board on their toes knowing that the fans could get together and change the directors. Just seems unlikely to me but you never know.

I think the idea is you vote on a leader (chairman) like Real Madrid do.

The fans vote like they do in a Union or in parliament.