Reply To: SUFC Board vs Iron Trust

Iron Bru Forums Blast Furnace SUFC Board vs Iron Trust Reply To: SUFC Board vs Iron Trust

#307850
AwaywegoAwaywego
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Registered On: June 20, 2017
Topics: 197

It isn’t MK but the club sell shares at £20 a pop, when the board were given theirs.

Like iron insider said £100,000 would only get 1% of the total shareholding, the Wharton’s have over 20,000 shares between them with no place on the board.

Mentioning no names but 2 family members of one of the board have 6150 between them I wonder if they purchased them or gifted them you can make your own mind up.all of which would be more than the trusts 5000+ which if it came to voting.

End of the day MK buy some shares if you want to be a part owner of the club, lots of others have and i understand the sentiment behind it, but £1000 for a piece of paper that in reality is only a piece of paper that the minimum purchase price £100 will get a similar piece of paper.
As owner you could always give the trust a covenant to use them in their holding but at least would always be yours.
Me and you both were willing to give £1000 to purchase the ground if that’s what it took to get the ground away from the owners of the club, and that be any owners, but honestly I can’t see the merit in the trust buying especially when the club aren’t interested in the first place, gift horse and all that.