PL charge City for alleged breaches of financial rules

LeonardoDaVnci said:
HHSM has just reduced his controlling share in CFG from 78 to 72%. The 6% is assumed to have gone via a new shares allocation to Silver Lake Investments, increasing their share from 18 to 24%. The deal raises another £210m capital injecion into CFG.
What does it mean ?
Is there a medium term plan to move to a PLC/Coporate model listed in the US ? That would destroy the "state" narrative bollocks once and for all. Wtf would the shills do for a living then, the grifting shite hawks that they truly are. That's a perfectly legitimate ownership model btw, I've seen it used somewhere else, not sure where.
Click to expand...
So Silver Lake own a bigger percentage stake in ‘state owned’ City than scruffy Jim owns in ‘Jim Ratcliffe owned’ rags.

Make it make sense.

I see Magic Hat has run a thread on ‘state owned City’ with a classic opening line ‘I’m not sure of the current ownership structure’ ?? In other words the current structure doesn’t fit the tripe he writes.
 
LeonardoDaVnci said:
HHSM has just reduced his controlling share in CFG from 78 to 72%. The 6% is assumed to have gone via a new shares allocation to Silver Lake Investments, increasing their share from 18 to 24%. The deal raises another £210m capital injecion into CFG.
What does it mean ?
Is there a medium term plan to move to a PLC/Coporate model listed in the US ? That would destroy the "state" narrative bollocks once and for all. Wtf would the shills do for a living then, the grifting shite hawks that they truly are. That's a perfectly legitimate ownership model btw, I've seen it used somewhere else, not sure where.
Click to expand...
It's hard to imagine that Silver Lake would be investing even more if they thought there was a chance that severe sanctions (or any really) would be incoming. If there was a hint of risk they would wait for the outcome rather than saying 'fuck it, let's roll the dice'.
 
Invisible Man's Bandage said:
It's hard to imagine that Silver Lake would be investing even more if they thought there was a chance that severe sanctions (or any really) would be incoming. If there was a hint of risk they would wait for the outcome rather than saying 'fuck it, let's roll the dice'.
Click to expand...


Spoken like a dipper fan :)
 
LeonardoDaVnci said:
HHSM has just reduced his controlling share in CFG from 78 to 72%. The 6% is assumed to have gone via a new shares allocation to Silver Lake Investments, increasing their share from 18 to 24%. The deal raises another £210m capital injecion into CFG.
What does it mean ?
Is there a medium term plan to move to a PLC/Coporate model listed in the US ? That would destroy the "state" narrative bollocks once and for all. Wtf would the shills do for a living then, the grifting shite hawks that they truly are. That's a perfectly legitimate ownership model btw, I've seen it used somewhere else, not sure where.
Click to expand...
This makes a big difference potentially. If you own 75% or more of the shares, you have a controlling interest and you do not need to get other shareholders’ permission for key actions. But now, if Silverlake actually own 24%, they must agree to major changes. It could portend a long term plan to finally go public or at least widen the shareholder base which I think would be beneficial.
Is there a ref for the source of this story?
 
KS55 said:
This makes a big difference potentially. If you own 75% or more of the shares, you have a controlling interest and you do not need to get other shareholders’ permission for key actions. But now, if Silverlake actually own 24%, they must agree to major changes. It could portend a long term plan to finally go public or at least widen the shareholder base which I think would be beneficial.
Is there a ref for the source of this story?
Click to expand...
Companies House was updated yesterday,

CITY FOOTBALL GROUP LIMITED filing history - Find and update company information - GOV.UK

CITY FOOTBALL GROUP LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk find-and-update.company-information.service.gov.uk
 
LeonardoDaVnci said:
Companies House was updated yesterday,

CITY FOOTBALL GROUP LIMITED filing history - Find and update company information - GOV.UK

CITY FOOTBALL GROUP LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk find-and-update.company-information.service.gov.uk
Click to expand...
Yes, I’ve just been looking. I think this refers to an issue of preference shares in the summer. They are non voting, I think, so no difference in control. Belay my previous post.
 
LeonardoDaVnci said:
HHSM has just reduced his controlling share in CFG from 78 to 72%. The 6% is assumed to have gone via a new shares allocation to Silver Lake Investments, increasing their share from 18 to 24%. The deal raises another £210m capital injecion into CFG.
What does it mean ?
Is there a medium term plan to move to a PLC/Coporate model listed in the US ? That would destroy the "state" narrative bollocks once and for all. Wtf would the shills do for a living then, the grifting shite hawks that they truly are. That's a perfectly legitimate ownership model btw, I've seen it used somewhere else, not sure where.
Click to expand...
Think Stefan has already speculated Silver Lake are the investors.

It’s an ongoing embarrassment that the ‘reporters’ trying to undermine us continue to demonstrate their lack of research on our link to SL to appreciate how seriously they are supporting us, how they see our future potential and how big they are with $80 billion assets under their management.

I know from my limited experience that equity houses don’t fuck about and don’t take a punt on businesses that could potentially tarnish their reputation.

I wonder if the knob head Labour Peer seeking to kneecap our owners with his attention seeking proposed amendment appreciates that, if adopted, it would also damage SL who have stakes in UK businesses including the RAC.
 
KS55 said:
Yes, I’ve just been looking. I think this refers to an issue of preference shares in the summer. They are non voting, I think, so no difference in control. Belay my previous post.
Click to expand...

I think there was an allocation in June, but this is a new one in November.
All the shares carry voting rights, I think.

The question of going public is an interesting one. Remember that all the footballing assets were transferred to Midco? I always thought that may be due to separating football and other (future) entertainment assets (Sony, e-sports and the like).

It may be that the plan is to float the entertainment assets independently from the football assets, at least until the football assets start, if ever, to make money.
 
LeonardoDaVnci said:
HHSM has just reduced his controlling share in CFG from 78 to 72%. The 6% is assumed to have gone via a new shares allocation to Silver Lake Investments, increasing their share from 18 to 24%. The deal raises another £210m capital injecion into CFG.
What does it mean ?
Is there a medium term plan to move to a PLC/Coporate model listed in the US ? That would destroy the "state" narrative bollocks once and for all. Wtf would the shills do for a living then, the grifting shite hawks that they truly are. That's a perfectly legitimate ownership model btw, I've seen it used somewhere else, not sure where.
Click to expand...
Is he getting bored?
 
halfcenturyup said:
I think there was an allocation in June, but this is a new one in November.
All the shares carry voting rights, I think.

The question of going public is an interesting one. Remember that all the footballing assets were transferred to Midco? I always thought that may be due to separating football and other (future) entertainment assets (Sony, e-sports and the like).

It may be that the plan is to float the entertainment assets independently from the football assets, at least until the football assets start, if ever, to make money.
Click to expand...
Midco pays bonuses to execs! No idea how much.
 
halfcenturyup said:
I think there was an allocation in June, but this is a new one in November.
All the shares carry voting rights, I think.

The question of going public is an interesting one. Remember that all the footballing assets were transferred to Midco? I always thought that may be due to separating football and other (future) entertainment assets (Sony, e-sports and the like).

It may be that the plan is to float the entertainment assets independently from the football assets, at least until the football assets start, if ever, to make money.
Click to expand...
It would be easier to know exactly what is going on if CFG were not so lax in keeping their website up to date. Plenty of blues are interested in the corporate structure, ie our ownership but they leave the fans out of the loop.
 
LeonardoDaVnci said:
HHSM has just reduced his controlling share in CFG from 78 to 72%. The 6% is assumed to have gone via a new shares allocation to Silver Lake Investments, increasing their share from 18 to 24%. The deal raises another £210m capital injecion into CFG.
What does it mean ?
Is there a medium term plan to move to a PLC/Coporate model listed in the US ? That would destroy the "state" narrative bollocks once and for all. Wtf would the shills do for a living then, the grifting shite hawks that they truly are. That's a perfectly legitimate ownership model btw, I've seen it used somewhere else, not sure where.
Click to expand...
My maths is probably up the spout here but who owns the other 4%? I thought the Chinese had retained c1% at best.
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top