1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Clarifying facts........

Discussion in 'Rugby League Forum' started by Matabele, Aug 2, 2005.

  1. Matabele

    Matabele Well-Known Member

    23,047
    447
    Ratings:
    +466 / 6
    How much did Delmege pay for his current share of the club?

    Did he receive 60% of the club?

    How many shares were issued?
     
  2. Canteen Worker

    Canteen Worker Well-Known Member 2016 Tipping Competitor

    13,234
    186
    Ratings:
    +212 / 5
    I am sure this is all on the public record.

    My understanding is that Max is entitled to 2 seats on the board.
     
  3. Ryan

    Ryan Well-Known Member

    14,921
    2,691
    Ratings:
    +6,136 / 289
    Being a public company Mata - don't they have to list their Financials on the net or something?

    I bet you could check there.

    That's where I get all the info on councils / their profit etc...on the net.
     
  4. Corso_Pete

    Corso_Pete Well-Known Member Premium Member 2016 Tipping Competitor

    1,473
    30
    Ratings:
    +35 / 0
    It is not a publically listed company, they have no need to publically list any information regarding ownership.
     
  5. Matabele

    Matabele Well-Known Member

    23,047
    447
    Ratings:
    +466 / 6
    I know its on record - I just couldn't be bothered looking for it.

    Was hoping someone had a better memory than mine.

    I want to know how much it would cost to reduce his share to 49% (assuming $50,000 is all that's been paid back so far).
     
  6. Ryan

    Ryan Well-Known Member

    14,921
    2,691
    Ratings:
    +6,136 / 289
    I thought we WERE a PLC
     
  7. Ryan

    Ryan Well-Known Member

    14,921
    2,691
    Ratings:
    +6,136 / 289
    We could get 100 of us to apply for a 30 year loan, for $300k, and buy back the club. It would cost us $4- a week each.

    If we got 300, it would cost $1- week.

    In seriousnes, there is this club (who bought David Peachey), that asks it's members to pump in money to buy players.

    I'd offer $100 bucks, to buy back part of the club. I'm sure a lot more people would too. All we'd need is 500 people to commit $100-. If we could get all the members to do it, majority would go back to the club.
     
  8. Matabele

    Matabele Well-Known Member

    23,047
    447
    Ratings:
    +466 / 6
    Anyone got an ABN?

    I'll run an ASIC search.
     
  9. Matabele

    Matabele Well-Known Member

    23,047
    447
    Ratings:
    +466 / 6
    I'm guessing we're looking at around $700,000 to get the sharholding back to 49%.

    Ryan, do you think a bank would do a loan on an unsecured basis or would you need equity as a fall-back?
     
  10. Ryan

    Ryan Well-Known Member

    14,921
    2,691
    Ratings:
    +6,136 / 289
  11. Ryan

    Ryan Well-Known Member

    14,921
    2,691
    Ratings:
    +6,136 / 289
    I'D SUPPLY THE EQUITY DAMN IT. HeHeHe.

    Kidding.
     
  12. byso

    byso Well-Known Member

    9,609
    83
    Ratings:
    +83 / 0
    Mata is it on any of the letter heads etc. Or our anual report?
     
  13. Matabele

    Matabele Well-Known Member

    23,047
    447
    Ratings:
    +466 / 6
    I have the ABN. Will do a search when I have time.

    The people in this scheme would need to donate any shares they buy to the club, otherwise there's nothing stopping them jumping ship and joining with Delmege to give him 50%.

    Not a recipe for stability!!!!!
     
  14. Ryan

    Ryan Well-Known Member

    14,921
    2,691
    Ratings:
    +6,136 / 289
    I'd donate the money. Simple as that.
     
  15. ManlyBacker

    ManlyBacker Winging it Staff Member

    11,596
    843
    Ratings:
    +971 / 7
    A banker being generous with his money. Now I would LIKE to see that!.... :)

    Do I detect a hostile bid for control? Isn't there enough **** flying about already...
     

Share This Page