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*.

I agree, no more than two major shareholders running the club. If there’s more there will be fall outs & disagreement s. We’ve had some great times over the past few years with Derek at the helm, but we now need stability. It’s no use an investor coming on board with the sole aim of super league - no matter the cost then leaving if it doesn’t work out. Perhaps we need someone to spend a reasonable amount of money & we become a mid to upper championship team (like featherstone, Halifax, batley) with no real chance of super league. BUT with long term stability.

But it would be nice to get someone in that has both..plenty of money that wants to build a strong first team and building a academy/reserves

While I agree some stability is probably what we need , the issue with the ' no real chance of SL ' is what that can do to your fan base , and therefore your income going forward , as has been alluded to by Derek and others who are familiar with the ' deal ' , the less fans that come through the door , the more the LSV costs you

A dilemma