3 minutes ago, masi 51 said:

Are C shares a new thing? This must be the new American money i guess??

I think it's what Evatt had

7 minutes ago, masi 51 said:

Are C shares a new thing? This must be the new American money i guess??

C shares don't have voting rights.... so they don't have a say on how the business is run.

Tim Leiweke has joined the board and will have voting rights.....So i guess it is not his money but additional investment.

10 minutes ago, masi 51 said:

Tim Leiweke has joined the board and will have voting rights.....So i guess it is not his money but additional investment.

No he wouldn't.

Board members manage the business and are answerable to the shareholders.

I appreciate he's a shareholder, but if this is the American investment, then he doesn't have shareholder voting rights even though he's on the board.

Looks like we're not getting a roof then

7 minutes ago, jmjhb said:

Looks like we're not getting a roof then

That all depends on how much of the club he owns this time next year

27 minutes ago, masi 51 said:

Are C shares a new thing? This must be the new American money i guess??

They are not new, when I had a business it was in partnership with a bloke and we had different class of shares.

For us it meant I could draw down dividends when I wanted rather than having to both agree at the same time. He set the business up and owned 51%

The way we did it was unusual as the norm is that they do not have voting rights which is I assume what Bolton will have done. Google explanation below ;

No Voting Power: Most large public corporations issue Class C shares to raise market capital without diluting the voting control of founders or insiders.

Pretty sure the C Shares do have voting rights on the latest amendment (19/8/25) to the Articles of Association.

"C Shares: means a C ordinary share of £1 in the capital of the Company designated as a C Share."

They also have additional rights on a return of capital (liquidation, capital reduction, sale or listing) set out in Para 12.3.

I'm sure an expert will be along shortly to explain and put all this in context of what it means for the budget.

15 minutes ago, TrickyTrotter said:

Pretty sure the C Shares do have voting rights on the latest amendment (19/8/25) to the Articles of Association.

"C Shares: means a C ordinary share of £1 in the capital of the Company designated as a C Share."

They also have additional rights on a return of capital (liquidation, capital reduction, sale or listing) set out in Para 12.3.

I'm sure an expert will be along shortly to explain and put all this in context of what it means for the budget.

come on down @Sluffy

21 minutes ago, TrickyTrotter said:

Pretty sure the C Shares do have voting rights on the latest amendment (19/8/25) to the Articles of Association.

"C Shares: means a C ordinary share of £1 in the capital of the Company designated as a C Share."

They also have additional rights on a return of capital (liquidation, capital reduction, sale or listing) set out in Para 12.3.

No, you're correct, usually they don't come with voting rights.

I see Nixon's letting everyone know we've got cash to burn (I'm not necessarily assuming we have, but that seems to be his implication)

11 minutes ago, Lt. Aldo Raine said:

I see Nixon's letting everyone know we've got cash to burn (I'm not necessarily assuming we have, but that seems to be his implication)

tbf I think its more him trying to make out he's breaking the story. Was published on companies house about 3 hours before Nixon started tweeting about it...

2 hours ago, 1969 said:

Twix's been moved around and a mars bar been added

Left or Right Twix ?

And how many Dark Bountys is that ?

Can I swop the old Burnden Leisure holdings that I have somewhere for these new 'C' shares?

Edited August 3Aug 3 by noxid

31 minutes ago, Krimzon said:

Left or Right Twix ?

And how many Dark Bountys is that ?

Now we are fucking talking, if there's a dark bounty involved you just know we are onto a winner! 🤩

5 minutes ago, Winchester White said:

Now we are fucking talking, if there's a dark bounty involved you just know we are onto a winner! 🤩

You complete and utter Southerner wanker.

10 minutes ago, Ani said:

You complete and utter Southerner wanker.

I am not a southerner you Yorkshire dwelling pleb! 😁

I live about 4 miles from the Reebok these days!

1 minute ago, Winchester White said:

I am not a southerner you Yorkshire dwelling pleb! 😁

I live about 4 miles from the Reebok these days!

So it is not just your name that you have not updated. 😋

Dark Bounty's are in The Turkish Delight territory of Pedophillia, Necrophilia and all round Skull Duggery of the highest order.

6 minutes ago, gonzo said:

Dark Bounty's are in The Turkish Delight territory of Pedophillia, Necrophilia and all round Skull Duggery of the highest order.

Wash your mouth out you absolute deviant! Turkish Delight is the food of the devil.

1 for us oldies does anybody remember the Aztec bar and bar 6 ?

3 hours ago, DLH said:

£5.1m looks to have been put into the club.

Didn’t someone explain it on here that any new investment would have to be put into the club by July or something for this fair play stuff ?

15 minutes ago, Rizlar said:

1 for us oldies does anybody remember the Aztec bar and bar 6 ?

Yeah, but some way off a dark Bounty.

Now these ... maybe another matter.

1 hour ago, Sweep said:

come on down @Sluffy

Nice to be remembered (even if it is a piss take).

Anyway I agree with most that has been said namely c shares to the value of £5.1m have been issued

These shares DO include voting rights (and dividends)

C Shares issues are NOT new for FV the last allocation on 1st August 2025 was also for C Shares and included voting rights and dividends (these shares were bought by Sharon, James, both the Luckock brothers and BMLL Ltd)

HOWEVER as been mentioned the thing with these C Shares is that on return of capital (say when someone takes over the company) the holders of the C Shares not only are the first in line to be paid, they are also get 2.2 times their money back (so they put in £5.1m and if FV is sold tomorrow they will get £11.22m back!

(Not bad for a days work).

Maybe EEP are here acting as the middleman to sell FV to some person or company who can take us on to the next level?

Who knows but they are here for some reason, that's for certain, and sticking an extra £5.1m in the pot is not going to suddenly turn us into title contenders, is it?

1 hour ago, Winchester White said:

Now we are fucking talking, if there's a dark bounty involved you just know we are onto a winner! 🤩

I didn't know dark bounties existed but they sound immense.

1 hour ago, gonzo said:

Dark Bounty's are in The Turkish Delight territory of Pedophillia, Necrophilia and all round Skull Duggery of the highest order.

I do also like Turkish delight so this is worrying.