Supporters Trust Forum

[SBRed48]

Just to add. If the owners are putting in 8m equity to cover the shortfall then that means the PMG will have to shell out their pound of flesh. How long can that go on before they say enough is enough. I mean seriously, who the hell wants to be involved in a business that is losing them big money year upon year.

I ask, is there an ulterior motive going on here with this madness? Does Parekh want to use this to get PMG to sell their shares to him?

Perhaps a wild conspiracy theory but possible nevertheless.

The share issues over the past couple of years Have been Share Rights issues Pass, meaning existing Shareholders have the "right" to buy shares in that issue up to the percentage they already own. They have this "right" but it doesn't mean they have to buy the shares. Any shares left can be sold to any shareholder.

PMG have been buying shares up to recently and have put in around £2mill over the last two years but have now stopped buying so their percentage of the club gradually declines. They could, in theory, sit forever on their shares until the club is sold or wound up.

£3million has been taken from these Share Issues and is held ring fenced in BFC Club Accounts. The money is owed to the Crynes for the 2017 purchase of the club and still not paid because Jean Cryne is treating it as a "soft loan" to the club to avoid the Account going negative but she can withdraw all or part of it any time she wishes.

[pass_and_move]

The share issues over the past couple of years Have been Share Rights issues Pass, meaning existing Shareholders have the "right" to buy shares in that issue up to the percentage they already own. They have this "right" but it doesn't mean they have to buy the shares. Any shares left can be sold to any shareholder.

PMG have been buying shares up to recently and have put in around £2mill over the last two years but have now stopped buying so their percentage of the club gradually declines. They could, in theory, sit forever on their shares until the club is sold or wound up.

£3million has been taken from these Share Issues and is held ring fenced in BFC Club Accounts. The money is owed to the Crynes for the 2017 purchase of the club and still not paid because Jean Cryne is treating it as a "soft loan" to the club to avoid the Account going negative but she can withdraw all or part of it any time she wishes.

Thanks SB