A question for shareholders...

[Slartibartfast]

This taken from the MyFC forum following the publication os financial statements:

 

Originally Posted By: Cal

Quoting: Daves Nan

What about the money paid for the 75% share holding?

 

This wouldn't show in the accounts as its shareholders (ie the previous owners) who receive the money - not the Club.

 

So, if you are one of the original shareholders did you get your cut of the

[wobbly Wayne II]

being a shareholder, the answer is no.

 

But then again I have not followed my investment that closely.

I thought that rather then buying existing shares, they had issued new shares to MYFC for the investment, so as such you should see the funds flowing into the club. The existing shareholders I believe kept the same no. of shareholding but obviously value is watered down with the new number of shares now available.

 

But I am sure those more in the know will give a more accurate picture.

[MrMushroom]

My understanding is that new shares were issued. As a result the old shares would indeed have been devalued. The only money flow would have been from MYFC to the club for the new shares.

[Harry J Allstars]

I thought the money was going directly to the club?

 

We owe the previous owners debts but these will be paid over time, at least that is what we were told.