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.

I think theres a "not" missing from that sentence but I get the idea. We do have some input via FCVoices, I'm not sure a token seat on the board would help things.

Bear in mind we have two major shareholders at the moment that are no longer privvy to the decision making process,

Yup, not missing out of the first sentence.

no matey i wasnt disputing it lol...just sayin thats all

Perhaps the fact you cannot construct a sentence, spell or put an argument forward without claiming unsubstantiated rumour is the clearest indication that fans on the board would be the worst thing imaginable.

You claim the club are raking it in? Perhaps the money coming in is to pay off the significant debts we have.

You claim we need someone on the board who knows a bit about Rugby League? Absolute tosh. We need a board of directors who can maximise a business opportunity and drive the business forward. The people who need to be aware of RL are the coaching staff and the players.

This is another attempt by an inquisitive fan to gain inside information.

Say YOU did gain access to the current financial information and, for arguments sake lets say it shows Hull losing money and making losses. What exactly would YOU do about it?

It's all well and good saying we need a wealthy backer, it would be more useful if you could suggest a viable one.

All this boils down to wanting more information for the fans from the club. There are a few threads which this boils down to, the club communicating with fans.

I notice that Radio Humberside have had items on rovers every day this week on their sports bulletins. In all honesty the news items
on rovers have been time fillers. It doesn't actually tell people anything useful or what they didn't already know.

So far this week, Jason Netherton has said how much he think he can learn from paul cooke. The rovers are having a days training at Brid beach and Morgan saying "If we leap frog a couple of teams we will be in 6th or 7th spot"!!! Absolutely ground breaking!.

You want to start a campaign to do something about it as you put it. What you fail to state is what it this something you want to do?

Fans on the board! What a joke!

Couldn't have put it better myself. If a CEO's role isn't to "understand business" then I shudder to think what the role of CEO is!

Cheers

The only reason for the original poster and the likes of Mallo is God (alter ego of the late (not so great) Wally's Barmy Army) is to satisfy their over active curiosity.

Unless you plan to take over the ownership AND control of the company you are wasting everyones time, including the clubs.

Thankfully James Rule has included in a statement recently that the club will not be drawn into answering every last rumour which starts to circulate.

For those wanting to buy shares, unless you have the financial clout to do something, which I very much doubt, either find someone who has or shut up.

I can't imagine Rob Crossland bothered to drum up support for his recent investment into rovers on an internet forum. He has the cash and got on with it.

Just a point, im sure all you Stock Exchange whizzers can help



If the club did a share issue, would passholders be given any shares in the same way building socieities did ?

Nope, doesn't work like that Hutchie.

shame though!

Absolutely, it's also a shame that £1m wouldn't buy Hull FC, it would be nearer £3m+ by the time you'd finished.