Just reading the last few posts

Is this possible?

Can LRLFC sell some sort of "shares" to the fans, say 51% or so.

Just throwing it out there, I have no idea how these things work "I am but a simple man"

Now I would be up for that

Col, I've never been a talker, always a doer,I've raised funds in a few ways in the past for the Club, and will do whatever it takes to raise revenue for the Club I love.

Over the past couple of years I think fundraising has slipped because a lot of fans myself included have felt , Derek's the Owner, he pays the money out ,let him do it,I'm ready to do owt needed to help out.

For LRLFC , read ' Sporting Club Leigh ' that's the ltd company that currently operates as Leigh Centurions , I assume the majority of shares are currently owned by Derek

Now if Derek wanted to he could have a share issue meaning a set number of shares are made available for new investors to purchase

The problems then arise when the club then needs more money to operate , ie pay some bills , in theory all the shareholders then are obliged to ' cough up ' a set amount per share

Now then ' when some are willing/want to , and others aren't able/want to , you have a problem

For stress free running of a club , no more than 2 primary shareholders will work long term , and in theory they both need to be rich enough for their investment to be incidental to their affluent lifestyle ( essentially just a hobby )

Thanx mate

It makes more sense now

Like I said - not being thick or owt - didn't know how the share thing works.

Cheers

It is a distinct possibility yet

"[iShould the worse happen and the contractual liabilities force the Club into liquidation then I give my word I will ensure that a community Club is formed and give it a cash injection to ensure it can operate and establish itself going forward with no liabilities and no involvement from me whatsoever".[/i

Tell you what Atomic

I'll just check my bank balance - nope not got 122 Million pound, thats blown the LSV then.

Be nice to win the Euro Lottery though.

To say 51% of shares to the fans would drive away private investors or should I say major shareholders with financial weight. Imagine putting in the largest individual sums only to be overruled by maybe 1000 fans !

Also remember that shareholders will be called upon to invest again & again & again, this isn't a one drop deal solves all IMO *though I concede that I have zero business management acumen*.