No he came later out of nowhere don’t know who he bought his shares of but he backed Swales
A little bit of info on City shares
WHILE Manchester City fans lament their club's dire performance, two of its biggest shareholders are rubbing their hands in glee.
Investors Stephen Boler and John Wardle are set to profit to the tune of pounds 2 million each - all because of City's slide into the Second Division.
The club's shares, listed on the Ofex market for small unlisted securities, were trading at 90p last week. But Slicker hears that the pair will be allowed to snap up millions more at just 10p, to the anger of fans.
The go-ahead was dependent on a crucial clause - that City failed to make the Premiership by the millennium.
City's end-of-season relegation makes that impossible. But for Boler and JD Sports tycoon Wardle the option is on.
One Maine Road insider told Slicker: "I can confirm the way is now clear for Mr Boler and Mr Wardle to buy 2.5 million shares each at 10p."
That means the pair will pay pounds 250,000 for shares that today have a market value of pounds 2.25 million.
It is understood that Boler, who made over pounds 60 million when he floated his Limelight Kitchens business, is keen to sell part of his 29 per cent holding in the club. But that is unlikely to stop him cashing in on the new 10p shares.
If, as expected at the beginning of last season, City had been promoted, the new shares would have been open only to longer-standing investors.
Our insider said: "We all thought the club would go straight back to the Premiership. When they slid instead, we were gobsmacked."
Somebody fuck up big time or did they, 10p a share because we were relegated to league 2
Free Online Library: CITY SLICKERS: MANCHESTER CITY .. 0 SHAREHOLDERS .. pounds 4m; Fury as pair set to make killing from football failures.(Features) by "The Mirror (London, England)"; General interest
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