PL charge City for alleged breaches of financial rules

[JRockBlues]

Can't HHSM just put the ownership in a trust for his kids? Or is that only allowed to get around insider trading?

 

[LeonardoDaVnci]

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?

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

 

[TinFoilHat]

*** Josko Gvardiol enters the thread ***

(Sorry)

 

[KS55]

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

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.

 

[BeerIsTheBest]

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.

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.

 

[Kinkys Left Foot]

View attachment 139310

Doesn't Esteemed Kompany have this as a copyrighted item?

Sorry @twosips

 

[BlueRockape]

Can't HHSM just put the ownership in a trust for his kids? Or is that only allowed to get around insider trading?

Or sell it to a mate

 

[halfcenturyup]

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.

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.

 

[117 M34]

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.

Is he getting bored?

 

[CC1]

Is he getting bored?

Playing the system. We’re always one step ahead