I didnt say they couldnt sell them. I just said their shares are seperate to their directors loans been paid off.

Because, by increasing the number of shares, you devalue the ones already in existence.

If a company is "worth" £10 and has 10 shares, each is "worth" £1, you then 'create" 10 new shares and sell them for £1 each, and pay off loans using the income, the company is still "worth" £10, but now has 20 shareholders.

Yeah i understand that, but without 1 million pound of debt the company is effective worth more (double), so the shares would remain their value wouldnt they?

It's not as simple as that, remember FC have no assets either. (Well, Hutchie seems to think we own the School on Gordon Street, but lord alone knows when we bought it if so)

Isnt the asset a profitable SL franchise woth a lot of money? Tangible assets would be contracted players would they? (not great i know)

Contracted players, we don't have many!

SL Franchise, we haven't got one yet.

Also, as a businessman, I would not want to sell shares to customers, it makes no sense.

Dont all companies? I own shares in lots of business that i have become interested in as a customer. Cant you be both?

Large corporations that float a small stake, you are talking about floating £1m worth, probably a good %ge of the club. And people want the shares because they want to have a say, buying shares in business is purely money driven.

you can't really compare a commercial floatation of a consumer corporation to selling a shareholding to fans.

in my mind the float would be 50% or 49% of the club. This would allow the fans to be involved but the board can still pull rank on decisions.

Agree with your last point though to some extent.

Being dispassionate for a moment, do you really think having fans as shareholders would add value at all, and what would that value be?

Debt gone, money into the club. Fans get chance to have a real voice and make decisions.

From a directors point of view you get your loan back (substantial)

Makes it a more attractive business to sell your share.

Negative point would be that a lot of uneducated stupid people would also get a chance to vote for what they want to happen with the club. Hopefully we would have more sensible people to out vote these!

Decisions such as?

Who to vote as chairperson probably the main one.

Would depend what decisions need to go to shareholders. The general day to day running of the club wouldnt be down to the shareholders but they could vote you or I to the role of CEO!

You suggested earlier that 49% of the shareholding be sold, in which case the existing shareholders would veto everything and still do as they please.

Thats what I am getting at, unless 51% was sold to the fans then it would not change anything.

As one SL coach said in the past "If you listen to the people in the stands, you'll soon be stood with them"

Unless a percentage of the exisiting board sided with the fans.

However, my reasoning for contributing to this topic was motivated by the fans having a say, it was more the fans having some ownership and helping us financially.