Sustainability or bank rolling

[EastStandRed]

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

[Exiletyke]

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

So why not share the burden by inviting investors to "put money in" in exchange for a share in the business?
But we all know that Cryne & his board were so few in numbers which does suggest he wanted to keep things for himself

[EastStandRed]

So why not share the burden by inviting investors to "put money in" in exchange for a share in the business?
But we all know that Cryne & his board were so few in numbers which does suggest he wanted to keep things for himself

Maybe he did or maybe there weren’t any offers. Maybe he was happy to cover the cash flow himself, it was his business so his decision. If he’d have shared with someone else what would the difference have been. The club would still have needed cash injections

[Exiletyke]

Maybe he did or maybe there weren’t any offers. Maybe he was happy to cover the cash flow himself, it was his business so his decision. If he’d have shared with someone else what would the difference have been. The club would still have needed cash injections

Perhaps new investors would bring new impetus to the club especially if the right ones are chosen & perhaps additional voices may have led us to not selling to these current owners which frankly smacked of desperation to cash in