Minty Posted 2 April, 2009 Share Posted 2 April, 2009 Forgive any ignorance on my part, but I can't be the only person wondering... Share trading is currently suspended, but the shareholders still 'own' those shares, yes? If a buyer is found for the club, does that by default include 100% of shares in the company? Would the company automatically remain listed, or automatically de-listed, or somewhere in between?! Do shares come into it at all anymore or are they effectively unimportant now? Is there any scenario in which existing shareholders somehow retain their part ownership? Link to comment Share on other sites More sharing options...
Charlie Wayman Posted 2 April, 2009 Share Posted 2 April, 2009 Worse still, the Football Board contiue to run Saints so we haven't got rid of Lowe after all? Link to comment Share on other sites More sharing options...
nathan Posted 2 April, 2009 Share Posted 2 April, 2009 From what I understand (This may be compeltely wrong) the football club is an asset. If someone came in with an offer the administrator would consider it and see if it was the best deal for the creditors. If accepted this money would go into a pot for the creditors (which includes shareholders, staff, NU, Barclays etc.). However, there is never normally enough money to pay shareholders so they would get nothing. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 2 April, 2009 Share Posted 2 April, 2009 Worse still, the Football Board contiue to run Saints so we haven't got rid of Lowe after all? Have we established that as a fact??? I think it's not actually the case although there does seem to be some confusion. Link to comment Share on other sites More sharing options...
Plumstead_Saint Posted 2 April, 2009 Share Posted 2 April, 2009 Have we established that as a fact??? I think it's not actually the case although there does seem to be some confusion. http://www.saintsweb.co.uk/forum/showthread.php?t=11698 See last post at 4:28 by Rational Rich. Or listen to press conference on Echo website. It appears he has gone. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 2 April, 2009 Share Posted 2 April, 2009 http://www.saintsweb.co.uk/forum/showthread.php?t=11698 See last post at 4:28 by Rational Rich. Or listen to press conference on Echo website. It appears he has gone. Thought so. Link to comment Share on other sites More sharing options...
Minty Posted 2 April, 2009 Author Share Posted 2 April, 2009 I'm talking wider picture here though guys... all the shareholders... not just Lowe and Wilde and Crouch etc, but you and me and any other shareholder. What happens to those shares now? What are the potential outcomes? I assumed that 100% ownership passes to whoever agrees to buy the club, but I'm just not sure. Link to comment Share on other sites More sharing options...
Rational Rich Posted 2 April, 2009 Share Posted 2 April, 2009 In very simple terms, you still technically own shares in SLH but they are worthless. What will happen is that the administrators of SLH will sell its assets to get funds to pay off the creditors as far as possible. This will (hopefully) include selling the shares in the SFCL to investors who can take the club forward, the stadium and the training ground (though not necessarily all to the same purchaser). Once the assets have been disposed of and the proceeds distributed to creditors, the company will be wound up. Then the shares will not exist anymore. Link to comment Share on other sites More sharing options...
Minty Posted 2 April, 2009 Author Share Posted 2 April, 2009 Thank you. Link to comment Share on other sites More sharing options...
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