The Penn Factor

[SeaEagleRock8]

Not sure of the general arrangements and functions with joint ownership of entities or more specifically, sporting franchises but still am under the impression that the Penn " share is presently around the 67 % range .
Which would surely then denote majority ownership , not obviously full ownership , the role of chairman for Scott Penn but then hardly in the total Boss classification .
Anyway probably just a moot point again but still would assume technically , a bit of differentiation between a full ownership model and the current Manly franchise majority ownership format

If you control the board it doesn't matter if you only have 51% stake.
The FC still retains the preference share, which determines the club colours and playing at Brookie, although as we've seen there are ways around that too.
Bottom line, Penn controls the joint

 

[Frogz]

Penn owns around 75 percent of the Sea Eagles with a further 20 percent in the hands of businessmen Gary Wolman and Andrew Michael. The Manly District Football Club owns the remaining shares.....6 Mar 2024. He has no control over the running of the Leagues Club.

 

[robbiea]

The only Penn factor I see , is that our premiership winning ways , culture ,management and victorious teams have ceased under these cretins ownership & guidance.