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Topic Originator: RMGpar
Date: Sat 18 Jan 14:05
Big commitment purchasing the full club.
So many questions also , what does this mean for current board member. The stadium is still in a holding company ?
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Topic Originator: Dave_1885
Date: Sat 18 Jan 14:14
Don’t think stadium would be included in the sale as not owned by the club. The way they spoke in statement they have their own team coming in and 13 members of other group are gone.
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Topic Originator: RMGpar
Date: Sat 18 Jan 14:20
Good! Total rebuild was needed this board was outdated.
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Topic Originator: cammypar 1995
Date: Sat 18 Jan 14:27
Hopefully cook and his buddies get shown the door.
c'mon the pars
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Topic Originator: cfad
Date: Sat 18 Jan 14:31
Who now owns the other 0.16% of the club?
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Topic Originator: da_no_1
Date: Sat 18 Jan 14:35
Quote:
cfad, Sat 18 Jan 14:31
Who now owns the other 0.16% of the club?
Adam Warlock
"Some days will stay a 1000 years, some pass like the flash of a spark"
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Topic Originator: jake89
Date: Sat 18 Jan 14:41
Quote:
cfad, Sat 18 Jan 14:31
Who now owns the other 0.16% of the club?
I imagine it`s the shares any fan could buy. They`ll have bought out the Germans, Pars Utd and maybe bigger shareholders like Braisby?
While I`m grateful to all the local directors who have worked tirelessly, I think a fresh broom will help (hopefully!).
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Topic Originator: wetherby
Date: Sat 18 Jan 15:46
Who now owns the other 0.16% of the club?
There are a number of shareholders ( c100+) who hold small stakes in DAFC Ltd.I received revised Articles of Association late last night which facilitate the acquisition of all shareholdings over ,I think, 1,000 meaning if you hold fewer than that they are not being acquired. It was late last night when I was reviewing document so I may have got the detail wrong.
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Topic Originator: Back_oh_the_net
Date: Sat 18 Jan 17:07
Quote:
da_no_1, Sat 18 Jan 14:35
Quote:
cfad, Sat 18 Jan 14:31
Who now owns the other 0.16% of the club?
Adam Warlock
How many pusses did he punch to get it though?
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Topic Originator: parsfan
Date: Sat 18 Jan 18:41
Quote:
wetherby, Sat 18 Jan 15:46
Who now owns the other 0.16% of the club?
There are a number of shareholders ( c100+) who hold small stakes in DAFC Ltd.I received revised Articles of Association late last night which facilitate the acquisition of all shareholdings over ,I think, 1,000 meaning if you hold fewer than that they are not being acquired. It was late last night when I was reviewing document so I may have got the detail wrong.
Probably the same thing I got. I presumed it was to tell me mine were being compulsory purchased. I didn`t pick up on the bit about 1,000 so might have missed other things, but it seemed very bland and non-sinsister legalese.
~~~~~~~~~~~~~~~~~~~~~~~~
The universe is ruled by chance and indifference
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Topic Originator: McCaig`s Tower
Date: Sat 18 Jan 21:07
I got this as well, but I only glanced at it.
I didn`t pick up the reference to 1,000 at first (I initially searched for 1000 but I needed to put in a comma...) but it differentiates between "Key shareholders" and others.
I did note reference to "Tag along" and "Drag along" options, terms with which I am unfamiliar.
Is this referring to the ability for small shareholders to able to sell their shareholdings as well, and for the buyers to compel such a sell?
I know for listed companies this is normal - not sure of the rules for private companies. I`ll maybe do some research and post back here.
Permitting fans to own a small number of shares is normally a good way of fostering community engagement by giving the illusion that they can have a say in the running of their club.
What is more concerning is that any protections that the fans have via the PST or PUCIC may be lost?
Post Edited (Sat 18 Jan 21:08)
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Topic Originator: Raymie the Legend
Date: Sat 18 Jan 21:22
Quote:
cammypar 1995, Sat 18 Jan 14:27
Hopefully cook and his buddies get shown the door.
Won’t happen any time soon. It was all the fault of those pesky gmbh people.
It`s bloody tough being a legend
Ron Atkinson - 1983
Post Edited (Sat 18 Jan 21:23)
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Topic Originator: parsfan
Date: Sat 18 Jan 22:37
Just a thought, not expecting anyone to know or trying to stir things up, just curious.
The Germans had 30-odd% of the shares and the loan thing to take them up to 70-something (exact numbers don`t really matter). That leaves 20+ owned by PUCIC which have also been sold. Where does that money go?
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The universe is ruled by chance and indifference
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Topic Originator: jake89
Date: Sat 18 Jan 22:48
Quote:
parsfan, Sat 18 Jan 22:37
Just a thought, not expecting anyone to know or trying to stir things up, just curious.
The Germans had 30-odd% of the shares and the loan thing to take them up to 70-something (exact numbers don`t really matter). That leaves 20+ owned by PUCIC which have also been sold. Where does that money go?
Into paying off loans?
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Topic Originator: par-91
Date: Sat 18 Jan 23:10
Quote:
parsfan, Sat 18 Jan 22:37
Just a thought, not expecting anyone to know or trying to stir things up, just curious.
The Germans had 30-odd% of the shares and the loan thing to take them up to 70-something (exact numbers don`t really matter). That leaves 20 owned by PUCIC which have also been sold. Where does that money go?
Whatever money is paid for the shares, will go to shareholders that sold the shares. I’d imagine the money Pars United receive for their shares will likely go to Pars United shareholders. That’s just my assumption and not necessarily what will happen.
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Topic Originator: Bertie Paton
Date: Sun 19 Jan 02:09
“Our vision for the club is both ambitious and long-term. We aim to build a team that not only competes at the highest level but also inspires pride on and off the pitch.
Spending at the highest level ya roasters.... No more loser attitude. No more ``living true sportsmanship``. Loser behaviour
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Topic Originator: Never10yairds
Date: Sun 19 Jan 03:29
I agree with Bertie Paton, I always disliked “Living true sportsmanship”, it was a losers mantra. I hope the new owners replace it with something centred around doing anything for the win.
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Topic Originator: galapar
Date: Sun 19 Jan 08:10
Does anyone have the link for the list of shareholders, I got the club email too and am interested in seeing what direction the new owners are taking us.
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Topic Originator: wee eck
Date: Sun 19 Jan 11:33
We were told in the media that one of the main hurdles facing any deal was that the consortium already held an interest in a Spanish club, Cordoba, and this meant the SFA would not allow it to hold more than a 29.9% interest in a Scottish club. We`re now told the co-owners hold 99.84% of the shares in the club. Does anyone know how this was achieved without causing the SFA concern?
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Topic Originator: pars4life1
Date: Sun 19 Jan 11:51
The 29.9% figure came from the likes blooms investment in hearts. They were restricted to that due to having majority shares in other clubs. Bond etc interest in cordoba is a minority one.
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Topic Originator: red-star-par
Date: Sun 19 Jan 12:00
Can anyone confirm if they have also purchased the stadium or is that still held by PUCIC?
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Topic Originator: 33Par
Date: Sun 19 Jan 15:58
Masterton still get an annual rent for the stadium.
Marootsmin
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Topic Originator: jake89
Date: Sun 19 Jan 16:09
Quote:
33Par, Sun 19 Jan 15:58
Masterton still get an annual rent for the stadium.
Masterton doesn`t own EEP. It`s owned by Pars United EEP Ltd (separate to Pars United).
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Topic Originator: NMCmassive
Date: Sun 19 Jan 16:57
I don’t know, I’m absolutely certain that they’re top businessmen and they’ve got at least somewhat a plan for the future but is it just me that slightly nervous about the club being owned basically by 2 individuals? It’s now their club come hell or high water 🤷🏻♂️ (if my understanding is correct? I know I could be wrong)
I’m still optimistic for the future like just feels like a slightly more precarious situation
COYP
Post Edited (Sun 19 Jan 16:58)
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Topic Originator: gthyde
Date: Sun 19 Jan 17:30
Quote:
red-star-par, Sun 19 Jan 12:00
Can anyone confirm if they have also purchased the stadium or is that still held by PUCIC?
Stadium is separate to the club and wasn’t sold.
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Topic Originator: 33Par
Date: Sun 19 Jan 21:00
Apologies. Just checked Companies house.
Messers Braisby and Garmoray are shareholders in Pars United EEP Ltd.
Post Edited (Sun 19 Jan 21:06)
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Topic Originator: par-91
Date: Sun 19 Jan 21:31
Quote:
33Par, Sun 19 Jan 21:00
Apologies. Just checked Companies house.
Messers Braisby and Garmoray are shareholders in Pars United EEP Ltd.
Are you sure they’re not the directors, rather than the shareholders?
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Topic Originator: 33Par
Date: Sun 19 Jan 22:02
Wrong wording by me again……. Directors 🫣
Marootsmin
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