PL charge City for alleged breaches of financial rules

[Mr Ed (The Stables)]

What's happened?
Explain it like I'm five...go!

And I'd also like an explanation of someone who's also 5 years old when it comes to all this stuff:-)

 

[chris85mcfc]

And I'd also like an explanation of someone who's also 5 years old when it comes to all this stuff:-)

There were 100 apples, all worth £5 each

ADUG owned 78
Silver lake owned 18
Other people owned 4

Some more apples are made, so now there's about 104 apples

Instead of splitting the extra in the same way as above ie ADUG get 78% of them, SL 18%, others 4%

We are going to give ADUG about 76% of them, SL about 20% and others 4%

So now everyone owns more apples, but SL own a little bit more than they used to, and ADUG own slightly less

That swing would have been a little bit bigger had they not been NEW shares, as owning 76% of 104 is bigger than owning 78% of 100....just!

I appreciate this may have confused you even more, but there is no idiots guide to Accountancy, unfortunately!

 

[waspish]

That is INCREDIBLE news!






What does it mean!?

We are worth 5.5b

 

[citizen_maine]

There were 100 apples, all worth £5 each

ADUG owned 78
Silver lake owned 18
Other people owned 4

Some more apples are made, so now there's about 104 apples

Instead of splitting the extra in the same way as above ie ADUG get 78% of them, SL 18%, others 4%

We are going to give ADUG about 76% of them, SL about 21% and others 4%

So now everyone owns more apples, but SL own a little bit more than they used to, and ADUG own slightly less

That swing would have been a little bit bigger had they not been NEW shares, as owning 76% of 104 is bigger than owning 78% of 100....just!

I appreciate this may have confused you even more, but there is no idiots guide to Accountanct, unfortunately!

Man buys stuff from other man. Both happy

 

[slbsn]

You do realise you're asking @slbsn what he thinks of his own tweet?

Top
Tweet

 

[slbsn]

We won’t know for sure it is Silver Lake taking more shares until around 10 Jan 2025 when CFG files its next confirmation statement

 

[Metalartin]

 

[ayrshire_blue]

We won’t know for sure it is Silver Lake taking more shares until around 10 Jan 2025 when CFG files its next confirmation statement

How confident are you that it's them, and if right enough does that bode any further confidence at all on your part in respect of our upcoming case?

 

[Metal Biker]

 

[chris85mcfc]

We won’t know for sure it is Silver Lake taking more shares until around 10 Jan 2025 when CFG files its next confirmation statement

Would be quite a decent % to pass elsewhere if it's not Silver Lake

That alone makes me think it probably is Silver Lake

Not impossible though is it, and ultimately not a big deal either way