Re: Wakefield 's New backer : Sat Sep 11, 2010 4:27 pm  

Waketrin Wild wrote: within 10 shares of owning 30% of Arsenal and if his shareholding reaches that figure then, under UK takeover law, he is compelled to make an offer for the remaining shares. Source An existing shareholder taking their ownership beyond 30% triggers a requirement for a mandatory OFFER for the rest of the shares, which is the issue being reported re Arsenal. The 90% figure triggers a requirment to purchase regardless of the wishes of those minority shareholders (i.e. the Glazer takeover at Man Utd).

Waketrin Wild wrote: within 10 shares of owning 30% of Arsenal and if his shareholding reaches that figure then, under UK takeover law, he is compelled to make an offer for the remaining shares. Source An existing shareholder taking their ownership beyond 30% triggers a requirement for a mandatory OFFER for the rest of the shares, which is the issue being reported re Arsenal. The 90% figure triggers a requirment to purchase regardless of the wishes of those minority shareholders (i.e. the Glazer takeover at Man Utd).

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Re: Wakefield 's New backer : Sun Sep 12, 2010 8:56 am  

RDM wrote:

An existing shareholder taking their ownership beyond 30% triggers a requirement for a mandatory OFFER for the rest of the shares, which is the issue being reported re Arsenal.

The 90% figure triggers a requirment to purchase regardless of the wishes of those minority shareholders (i.e. the Glazer takeover at Man Utd).

Doesn't have to be a good offer though does it?

Re: Wakefield 's New backer : Sun Sep 12, 2010 9:01 am  

Most shareholders won't be bothered IF it's in the best interest of the club.
The shares are practically worthless and shareholders ignored.

Re: Wakefield 's New backer : Sun Sep 12, 2010 9:48 am  

jimmyfivebellies wrote:

not to put anyone in any trouble,i will not release names,but a friend of mine,who is company secretary for a ''local'' business,says her boss has tendered his ''families'' interest in taking over wakefield,on the basis,that the current board,ALL leave,and that ''they'' gain a 100% shareholding in the club.they have asked for access to the clubs accounts.personally i don't know a lot about them,but my friend says they are nice and honest people.don't know what any of you lot know on this,but i hope you get sorted out,as we enjoy visit's to your place.

altofts wildcat wrote:

Sounds like the France family to me, we all know there has been interst in the past and that one of the conditions of them buying the club was that Ted and family leave.

I was at the Yorks-Warwicks semi final at Scarburrow yesterday and was told by someone unconnected with the club that ONE of the more interested parties does advertise on our shirt and it is not France and Co just another rumour but I hope its true

Re: Wakefield 's New backer : Sun Sep 12, 2010 9:52 am  

chissitt wrote:

I was at the Yorks-Warwicks semi final at Scarburrow yesterday and was told by someone unconnected with the club that ONE of the more interested parties does advertise on our shirt and it is not France and Co just another rumour but I hope its true

My God, its not the "Cats Protection League" is it ?

It can only be Prostar

Re: Wakefield 's New backer : Sun Sep 12, 2010 11:43 am  

Landrover ?

Re: Wakefield 's New backer : Sun Sep 12, 2010 12:11 pm  

EverBuild

Re: Wakefield 's New backer : Sun Sep 12, 2010 12:37 pm  

Mary Millington wrote:

I'm shaking my head in disbelief!!

Why the heck would you not want a wealthy backer? A backer who has run a club successfully before, kept the finances in order and obviosuly loves his sport?

Does he have any connections with York Court Properties?

If any of this 'new backer' news is true then I'm as happy as 'Larry!'

Will do some digging.........

That rules out Dave Whelan then!!

Re: Wakefield 's New backer : Sun Sep 12, 2010 5:32 pm  

chissitt wrote:

I was at the Yorks-Warwicks semi final at Scarburrow yesterday and was told by someone unconnected with the club that ONE of the more interested parties does advertise on our shirt and it is not France and Co just another rumour but I hope its true

Might not advertise on the shirt, but certainly makes them.

Re: Wakefield 's New backer : Sun Sep 12, 2010 6:03 pm  

The guy at prostar has been mentioned, so who knows, hopefully though teds days are numbered, 3 more on the dole then, won't do David Camerons unemployment figures any favours, but hey!!!!!!