Quote Originally Posted by Exiletyke View Post
Looked up the meaning of "share capital" because frankly I'm not fully conversant with the term & this is what I read

Share capital refers to the funds that a company raises in exchange for issuing an ownership interest in the company in the form of shares.

Can someone explain who else had an ownership interest in the club under these circumstances
Nobody else, you can put your own money into your own business as share capital instead of a loan. It means the business gets a cash injection but isn’t saddled with regular loan payments