Rangers Then, Sevco Now, Scotland's Shame Forever....

[Jupiter]

I see that he has been ordered to offer payment of 20p per share to other shareholders. Currently the share price is 27p so as the news report stated it would be very unlikely anyone would take up the offer.
Surely some person with a few shares would sell out...PLEASE take the offer and run!

But at their AGM they passed a motion which would severely dilute existing shareholders, so they will probably jump at getting 20p.

[sheepcrooky]

The share issue/compulsory offer is a strange one to predict. These shares are currently “trading” at around 30p (albeit in a very restricted market) and the offer price is 20p. Technically no-one would sell at that price, however many people who were brought in by Chuckles Green may be tempted to cash in. Also, I think indicatively there has to be a 50% take up excluding King, so this may also scupper things.

The problem for King is he has to put up a share prospectus which may cost anything between £300k and £600k. This is an unavoidable cost which will really irk King.

I doubt if an implosion will happen, but yet again Sevco’s off-field problems continue to dominate the papers which is pleasing.

[sancho_panza]

There's so much incompetence at that club that I really wish they'd make a reality TV show out of it. We could send Gordon Ramsay in to smash a few heads together and renovate the function suite if necessary.

[andoplzcumbak]

I see that he has been ordered to offer payment of 20p per share to other shareholders. Currently the share price is 27p so as the news report stated it would be very unlikely anyone would take up the offer.
Surely some person with a few shares would sell out...PLEASE take the offer and run!

His QC also argued that he couldn't afford to offer 20p per share to investors..

I guess the war chest may have to wait a while

[RED_JOHN]

His QC also argued that he couldn't afford to offer 20p per share to investors..

I guess the war chest may have to wait a while

No getting away from it...they are totally skint. The appointment of Murty for the rest of the season just screamed desperation.
Aberdeen FC should be doing everything possible to try and increase the gap a bit further between us. Yes, they get more money in but they are spending beyond their means and that can only end one way unless someone with more money than sense bails them out.
King is similar to Craig Whyte...has very little in the way of hard cash and just likes to be seen as someone important to their club.

[57vintage]

Ach, these things take time.

You ken fit lawyers are like.

Aye, radges through and through.

[Aldo1983]

I used to go out with Jimmy Nicholl's daughter, he genuinely loved being at Aberdeen.

[donsdaft]

He’s a hun

He can get tae f’uck

[Hairdrier]

He’s a hun

He can get tae f’uck

Exactly - nae offence meant Aldo BTW.

[Aldo1983]

Exactly - nae offence meant Aldo BTW.

It's ok.