But what about his ties with Dewsbury ? Is he allowed to take over whilst sill sponsoring and having the ground name after them too at the Rams ?

My only concern with France is the way he pulled out of the Embassy Racing Team when money got tight. I only hope if he were successful in becoming the new owner, his commitment would extend beyond what was shown towards the racing team. RL clubs have a habit of crapping money away unless you are getting regular 12K+ attendances.

Trinity are an awful long way from that, and whoever comes in will have to be ready to stump up possibly hundreds of thousands of pounds per year until the club reach such a level.

His commitment to backing Embassy Team Racing, his own team, ran into the millions but like many other companies he pulled out when the recession hit.

Working from memory alone there were about 4 other backers/teams from the same competition that took the same decision to pull out as JF.

There were multi £million backers in the F1 circuit that made the same decision it wasn’t through lack of commitment but (ahem. . . Cough) financial prudence.

30%

If rumours are to be believed then shareholders should expect to hear something soon.

Really? So little? I always thought it was nearer the 90% mark.

I believe that's nearer the mark.

IF this is true, then i will think very carefully before selling my shares. i do not mind whoever it is having full control of the club by percentage, but one person owning it all could be dangerous.

+ if whoever it is has asked for the whole board to go (and i do not doubt the wisdom in that) isn't john kear on the board? (would please some...)??

Is that if its a hostile takeover.

If an investor just buy's Ted shares which I believe will be over 50% and takes control I do not believe he has to make a bid for the remaining shares but I'm not an expert in Company Law.

I thought that also

I can see a sacking coming soon

I bet they are not a nice family then

Says 90% here corporate.practicallaw.com/2-107-5970

Says 90% here corporate.practicallaw.com/2-107-5970

The last time I saw a record of the distribution of shares Ted had so many that the rest put together were useless as a voting tool. Anybody buying Teds shares wouldn't really need anybody elses. I wouldn't really want to sell mine anyway. I bought them to put some money into the club and feel a bit more involved. It's just a bit of paper now, saying I'm a shareholder, that I regard as financially worthless but in other ways priceless.

Sell you mine if you want more worthless share's.

You get enough money off me already.

[iwithin 10 shares of owning 30% of Arsenal and if his shareholding reaches that figure then, under UK takeover law, he is compelled to make an offer for the remaining shares.[/i
[url=http://www.guardian.co.uk/sport/2010/apr/13/stan-kroenke-nal-louis-ramsSource[/url

We're privately traded like Arsenal rather than publically traded as Manchester United were - for purpose of how many shares need to be purchased.

as a fan I would an 11th of an hour take over bid before the 22th sept

the bike racing effort just got pulled for the last meeting leaving funds to be found elsewhere! which i think was particularly shameful! and nobody else pulled out of that meeting!

I had a work mate that left to work for him, for over a year he had a great time and then it all went to pot, he got his job back successfully

rugby league is far less costly

not when you are involved with us snowie

An existing shareholder taking their ownership beyond 30% triggers a requirement for a mandatory OFFER for the rest of the shares, which is the issue being reported re Arsenal.

The 90% figure triggers a requirment to purchase regardless of the wishes of those minority shareholders (i.e. the Glazer takeover at Man Utd).

Doesn't have to be a good offer though does it?

Most shareholders won't be bothered IF it's in the best interest of the club.
The shares are practically worthless and shareholders ignored.

I was at the Yorks-Warwicks semi final at Scarburrow yesterday and was told by someone unconnected with the club that ONE of the more interested parties does advertise on our shirt and it is not France and Co just another rumour but I hope its true