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Post by jonsnow on Apr 20, 2017 1:50:27 GMT 1
Rankine must've got some of his money back the season the big three clubs were in the Championship, that was when he handed his shares over to Gordon Ford. If we didn't make a profit then, with the increased gates and a couple of hundred thousand extra prize money from the restructured Championship, then we never will.
When The Rangers alone came from the bottom tier up every club made more money than they ever had in the bottom two tiers, we had Hearts and Hibs too, I just don't believe we didn't make enough to pay some of the Director loans back.
Looks like you're just like the rest of us though, and taking a guess at how much money is owed in Director loans.
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Post by lionel44 on Apr 20, 2017 8:44:23 GMT 1
Mine is based on the debt we had, and the debt the club has most certainly generated last season. The club itself claimed only one season of modest profit in the last four years, and that profit evaporated once they caught up up with McD's overdue payments.
Look, this might be good in the long term and it might be bad, but the issue of shares which attempt to raise the clubs book value from £1.2 million (itself, a fanciful figure), to £5 million is not a good sign when there are absolutely no assets to back it up. It's simply an attempt to clear the debt via the issue of valueless shares. Whether you choose to see that for what it is, or choose to see it as yet another of our glorious white knights riding over the horizon is up to you. All I am doing us urging major caution. Ask any business accountant what this share issue represents, and they will tell you exactly the same thing.
i have read elsewhere that the new owners seem to be "investing heavily in the club". There is absolutely no evidence of that at this stage. Buying the existing shares at X pence in the £ is not investment. It's change of ownership, nothing more than that.
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Post by Auldnick on Apr 21, 2017 19:09:37 GMT 1
Surely the concept of a shares issue which is open to the club's fans is purely to raise money because the fans will be more than happy to "own" a share of the club regardless of its re-sale value? I know that if I had some spare cash and could afford the minimum number of shares (assuming they will sell blocks of shares rather than individual shares) I would buy without a thought for selling them on.
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Pedro
Administrator 
Posts: 1,172 
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Post by Pedro on Apr 22, 2017 15:21:13 GMT 1
I wonder how much money, to be specifically ringfenced to purchase players, will the new owner be expecting/hoping to raise from share sales to ordinary Livi fans?
And what his plan B could be for when any hypothetical target isn't met?
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